AmBank offers many conventional as well as Islamic home loan/financing schemes to its customers in Malaysia. Home Link is a schemes that lets you manage your funds proficiently. It also comes with various other features that’s designed to better your home-buying experience.
Let’s find out more details about the scheme.
|Margin of Financing||Up to 95% (including MRTA)|
|Rental Rate||Competitive rates (capped to the base rate)|
|Type of Properties Covered||Residential properties|
|Type of Loan||Flexi|
|Base Rate||4.10% p.a.|
|Stamp Duty Charges||As per the Stamp Act 1949 (revised in 1989)|
|Disbursement Charges||Includes registration charges and other applicable fees|
|Professional Legal Fee||As per the bank’s discretion (includes charges for preparing the financial agreement)|
|Valuation Fee||Includes valuer charges for preparing a proper valuation report|
|Late Payment Charges||1% p.a. on the unsettled amount|
|For a Salaried Applicant||
|For a Self-Employed Applicant||
As the Home Link facility allows you to link your current account to your home loan account, you can monitor and manage your finances in a better way. The plan also offers you to make excessive payments and withdraw them whenever needed simply via ATMs or cheques. Chain up your home loan plan with your AmBank credit card for better financial management.
Q. Can any change in the base rate affect my applicable rate of interest?
A. As the base rate (BR) is associated with the overnight policy rate (OPR), any fluctuations in the BR can affect your interest rate.
Q. What is the lock-in period for the Home Link facility?
A. A lock-in period of 3 years from the beginning of your first disbursement is applicable for this loan facility.
Q. Can I terminate my home loan scheme before its maturity date?
A. Yes, but you will have to pay the early termination fee of 2% on your original loan amount.
Q. Do I have to take the insurance plan only from the bank?
A. The bank has its own panel of insurers and it may provide you with the quotations of any compulsory insurance cover. However, you are free to take the insurance policy from any other valid insurers.
Q. Where can I get more information about the plan?
A. You can speak to the bank’s representatives on 03 2178 8888 for any further information about the product.