• Home Loan BYTES FROM OUR KITCHEN

    AmBank Islamic Home/Property Financing-i

    AmBank Islamic Home and Property Financing-i plan offers you a high margin of financing for residential properties. The scheme comes with a flexible range of tenures you can choose.

    Here are the details of this financing package:

    Margin of Financing 95% of the property’s valuation with Home Financing-i
    85% of the property’s valuation with Property Financing-i
    Tenure Home Financing-i: 35 years
    Property Financing-i: 25 years
    Processing Fee Waived
    Profit Rate Variable rate pegged to a base rate of 4.10% p.a.
    Disbursement Fee N/A

    Features and Benefits

    • Get a financing of up to 95% of the property’s valuation including the MRTT (Mortgage Reducing Term Takaful).
    • Choose the repayment tenure according to your affordability from a range of tenures that has a maximum limit of 35 years.
    • The facility comes with no compounding of profit.
    • Get financing at a variable and competitive range of profit rate.
    • Enjoy a processing fee waiver with this financing scheme.
    • Get an AmBank Islamic credit card with this financing scheme.
    • Get access to funds from this financing scheme via AmOnline on your current account and ATMs.

    Fees and Charges

    Disclaimer Letter For the first document: RM20
    Subsequent documents: RM10
    Redemption Statement Waived
    Confirmation Letter for EPF Withdrawal RM20 per request
    Audit Confirmation RM20 per request
    Additional Statement Request Waived
    Re-execution Fee RM100 per account
    Late Payment Charges (before the term’s maturity) 1% of the total amount of overdue instalment
    Late Payment Charges (after the term’s maturity) 3.20% of the total outstanding balance

    Eligibility Criteria

    Age Requirement 18 years or more at the time of application

    Documents Required

    For a Salaried Applicant
    • One copy of MyKad (both sides)
    • Recent payslips (last 3 to 6 months)
    • Recent EPF statement
    • Latest bank statements reflecting salary crediting (last 3 to 6 months)
    • Any other supporting document as per the bank’s requirement  
    For a Self-Employed Applicant
    • One copy of MyKad (both sides)
    • Recent bank statements (last 6 months)
    • Recent company bank statements (last 6 months)
    • Form A and D
    • Company registration certificate
    • Any other supporting document as per the bank’s requirement   

    How to Apply

    Online Application
    • Visit the official website of AmBank Islamic.
    • Go to the ‘Home Financing-i Calculator’.
    • Enter the details of financing amount you need and financing period you want to opt for.
    • Calculate the monthly instalment.
    • Click on ‘Apply Now’.
    Offline Application
    • Visit the nearest branch of AmBank Islamic.
    • Choose the financing scheme.
    • Fill in the relevant application form.
    • Submit the form along with all the supporting documents.

    AmBank Islamic Home and Property Financing-i scheme offers you financing at competitive profit rates. The plan comes with no processing and disbursement fees. You can choose from a flexible range of repayment tenures with this scheme according to your repayment affordability.

    FAQs

    Q. What is the maximum tenure I can get with this scheme?

    A. The maximum tenure depends upon your age at the application date. The maximum allowed age at the time of facility’s maturity is 70 years. The maximum tenure you can get with Home Financing-i is 35 years and with Property Financing-i is 25 years.

    Q. How do I calculate the monthly instalment I have to pay with this facility?

    A. You can calculate the monthly instalment amount by visiting AmBank’s official website and clicking on ‘Home Financing-i Calculator’. You need to put in the details like amount opted for, the tenure chosen, and your monthly income to get the details of your monthly instalment amount.

    Q. Is it compulsory to take MRTT or Fire Takaful with this facility?

    A. It is highly recommended to take both MRTT and Fire Takaful with this facility. However it is not mandatory to take MRTT. But Fire Takaful is compulsory to take with this package.

    Q. Is it allowed for me to fully settle the outstanding financing amount before the facility reaches its maturity?

    A. Yes, you can opt to entirely settle the outstanding amount before the facility reaches its maturity.

    Q. Is there a benefit related to early settlement of the outstanding financing amount?

    A. Yes, you can get a rebate (Ibra’) on the unutilised financing tenure if you opt for an early settlement.

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