A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Home Loan BYTES FROM OUR KITCHEN

    AIA Fixed Rate Home Loan

    AIA Fixed Rate Home Loan is the only home financing solution provided by AIA Insurance. This facility is a fixed-rate financing solution, which is ideal if you are buying a new property or if you are refinancing an existing property.

    Margin of Financing
    • For new property purchases: Up to 90%
    • For refinancing existing properties: Up to 80%
    Type of Financing Fixed rate.
    Loan Tenure Up to 35 years or 70 years of age, whichever is earlier.
    Interest Rate Base rate + spread.
    Minimum Loan Amount RM100,000.
    Minimum Market Value RM200,000.

    Features and Benefits

    • Enjoy a fixed rate throughout the term of the loan.
    • Enjoy the flexibility to make extra repayments so that you can save more.
    • The interest rate is calculated on a daily basis.
    • No penalties will be charged if early settlement is made via cash or EPF withdrawals.

    Fees and Charges

    Processing Fee Waived.
    Letter of Confirmation for EPF Withdrawal RM20 per request.
    Photocopies of Legal Documents RM10 per document.
    Stamp Duty As per the Stamp Duty Act 1949 (revised 1989).
    Late Payment Charges 1% on the total outstanding arrears.

    Eligibility

    Age Requirement 18 years to 70 years.
    Nationality Requirement
    • Malaysian citizens or permanent residents.
    • Foreigners residing in Malaysia.
    Other Criteria
    • Self-employed professionals can apply whose businesses are established for at least 3 years.

    Required Documents

    Applicants
    • 1 copy of NRIC (both sides).
    • Bank statement.
    • Payslips.

    How to Apply

    Telephonic Application
    • Contact AIA Insurance.
    • A representative will assist you with the application.
    Offline Application
    • Send an email to AIA Insurance customer care.
    • A representative will assist you with the application.
    Online Application
    • Visit AIA insurance’s website.
    • Click on ‘Talk To A Life Planner’.
    • Fill in the contact form with your details.
    • A representative will get back to you and help you with the application.

    AIA Fixed Rate Home Loan is ideal if you are buying a new home or if you want to switch from another financial institution's home loan. It is advisable to go through the scheme’s product disclosure sheet before applying for it.

    FAQs

    Q. Does this loan scheme come with a lock-in period?

    A. Yes. The lock-in period of this loan is 5 years from the date of the first drawdown.

    Q. Do I need to take any insurance coverage with this scheme?

    A. Yes. You need to take the following insurance policies compulsorily with this loan scheme.

    • A life policy
    • Mortgage Reducing Term Assurance (MRTA)
    • Houseowner insurance policy

    Q. How much will I be charged if I settle my loan early?

    A. If you settle the loan within the lock-in period, you will be charged a prepayment fee of 0.62% p.a. of the full prepaid amount and an additional 0.40% of the total prepaid amount as an administrative fee. You will also be charged any other fees imposed by AIA Insurance.

    Q. Do I need to provide extra documents for a non-landed property?

    A. Yes. You will have to forward a certified copy of the master policy with AIA Bhd endorsed as a mortgagee to the company annually.

    Q. What does the disbursement charges include?

    A. The disbursement charges include fees for registration of charge, land search, and bankruptcy search.

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