CIMB Bank offers home loans at competitive interest rates. In addition, the bank offers a dedicated home loan facility for the M40 and B40 groups to provide affordable housing. This loan is offered for the properties distributed by the PR1MA programme.
|Loan Tenure||Up to 35 years or 70 years of age, whichever is higher.|
|Margin of Financing||PR1MA Home Loan Package: Up to 100% + 5%. SPEF Package: Up to 100% + 10%.|
|Interest Rate||BR + 1.05% p.a to BR + 1.45% p.a. (depending on your loan amount)|
Note: Base Rate is 4.15% p.a., as specified on CIMB bank’s website, effective from 2 February 2018.
|Stamp Duties||As per the Stamp Duty Act 1949 (Revised in 1989)
|Processing Fee for PR1MA Home Loan Package||Waived.|
|Processing Fee for Special PR1MA End Financing (SPEF) Package||RM200.|
|Letter of Confirmation for EPF Withdrawal||RM20/request.|
|Ring Fence Processing Fee for EPF Withdrawal||RM50/request.|
This special loan facility offers you an opportunity to own a house in Malaysia with the help of the PR1MA programme. With the long repayment tenure of up to 30 years, the monthly instalments are quite affordable. Make the most of this loan facility, and enjoy the satisfaction of staying in your own house.
Q. Does the loan finance the entire legal fee for SPEF Package?
A. No. The financing for the legal fee is up to maximum RM1,500 under the SPEF Package.
Q. Should I pay extra charges if I need an account statement?
A. Yes. The bank charges a certain cost if you need an account statement.
Q. Should I pay GST for the processing of my home loan application?
A. No. The government has changed the 6% GST to 0% GST effective from 1 June 2018.
Q. Can I use the loan to buy a house that does not belong to PR1MA?
A. This program is exclusively designed for PR1MA properties. You can check for other home loan schemes offered by CIMB if you wish to buy a property that does not belong to the PR1MA scheme.
Q. Can I get a refinancing of my home loan with this loan facility?
A. No. You cannot refinance your home loan with this loan facility.