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  • Home Loan BYTES FROM OUR KITCHEN

    OCBC Impian-i

    OCBC Impian-i is an Islamic home financing solution under the Manarat Home-i plan that is based on the Shariah concept of Ijarah Muntahiah bi Al-Tamlik.

    Read on to know more about the details of this plan.

    Margin of Financing As per the bank’s discretion
    Financing Tenure Whichever is earlier - a maximum of 35 years or up to 70 years of age
    Type of Properties Covered NA
    Type of Loan NA
    Interest/Profit Rate (p.a.) Base rate + spread (current base rate (BR) is 4.08% p.a.)
    Effective Lending Rate NA

    Features and Benefits

    • Enjoy a stamp duty waiver of 100% if you are refinancing from conventional housing loan to Manarat Home-i. The waiver is applicable on outstanding principal amount with existing bank.
    • The profit rate is calculated on daily rest basis.

    Fees and Charges

    Stamp Duty Charges As per the Stamp Act 1949 (revised in 1989) Waived if converted from conventional loan facility to Manarat Home-i.
    Processing Fee Waived
    Late Payment Charges 1% of the unsettled amount (during the financing tenure) As per the applicable IIMM (Islamic Interbank Money Market) rate (after the maturity of financing tenure)

    Documents Required

    • A copy of identity card (NRIC or MyKad)
    • Latest salary slips
    • Latest EPF statement
    • Any other document as asked by the bank

    How to Apply

    Offline Application
    • Visit any nearest branch of the bank.
    • Fill up an application form with all the mandatory information.
    • Attach all relevant documents while submitting the form.
    Telephonic Application Dial 603-8314 9310 for any assistance regarding the application process.

    The Impian-i plan offers competitive rates and convenient repayment tenures to the borrowers. This scheme can come in handy if you are planning to refinance your conventional home loan to Manarat Home-i.

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