The CM Flexi Property Financing-i as an Islamic financing facility. It is based on the Murabahah concept via Tawarruq arrangement. This financing is available for both completed and under-construction properties.
|Financing Type||Fully Flexi.|
|Financing Tenure||35 years or up to an age of 70 years.|
|Stamp Duty||As per the Stamp Duty Act 1949 (Revised in 1989).|
|Legal Fee||As per the Solicitor’s Remuneration Order (SRO).|
|Disbursement Fee||Includes registration fee, search fee, and other taxes.|
|Termination Fee||Up to RM2,000 if you cancel the loan prior to disbursement.|
|Advance Payment Withdrawal Service Fee||RM50.|
|Private Limited Companies||
|Online Application via HL Website||
|Online Application via HL Connect||
Enjoy the freedom to make early payments as and when possible, contributing towards the early settlement of the loan. This facility uses the Islamic Base Rate to determine the profit rate.
Q. Does this facility offer fixed profit rates?
Q. What happens in case of high fluctuations in profit rates?
A. In case of high fluctuations with respect to variable profit rates, you will not be charged beyond the set ceiling rate.
Q. What are the modes of payment available?
A. You can make use of any of the following payment modes:
Q. Is the financing available only for residential properties?
A. No. The financing is available for both residential and commercial properties.
Q. Can I start paying the monthly instalments when my property is under construction?
A. Yes. You can start paying the monthly instalments even when your property is under construction.