Pubilc Bank 5 HOME Plan

    The Public Bank 5 HOME Plan offers a long repayment tenure along with a fixed monthly instalment scheme. The home loan comes in two variants—Home Plan and HomeSave Package. Read through the article to know more about the packages and choose what suits you best.

    Loan Tenure Up to 35 years.
    Loan Type Semi-flexi.
    Interest Rate BR + 0.83%.
    Interest Rate Type Fixed/Variable.

    Note: BR stands for Base Rate. Public Bank states that the value of BR is 3.77% last updated on 30 January 2018.

    Features and Benefits

    • Get a long repayment tenure of up to 35 years.
    • Enjoy the flexibility of an overdraft facility when you choose the Home Plan.
    • Under the HomeSave Package, your current account will be linked to the loan. The balance in your current account will be used to repay your loan. So, you can save on the interest.
    • Interest is calculated on a daily basis.
    • Get a credit card with an annual fee waiver until you settle the loan completely.

    Fees and Charges

    Stamp Duty As per the Stamp Duty Act 1949 (Revised in 1989).
    Disbursement Fee Fee for registration of charge + Other related charges.
    Processing Fee Loan amount within RM30,000: RM50. Loan amount from RM30,001 to RM100,000: RM100. Loan amount above RM100,000: RM200.
    Early Settlement Fee Loan amount of RM200,000 or less—3% of the approved loan amount. Loan amount above RM200,000—2% of the approved loan amount.

    Documents Required

    Salaried Employees
    • Latest 3-6 months’ pay slip or EA statement.
    • Latest EPF statement or tax payment receipt or employment letter.
    • Latest 3-6 months’ bank account statement.
    • Latest 2 years’ bonus payment slips.
    • Latest 3 years’ non-contractual bonus payment slips (if applicable).
    Self-employed Individuals
    • Latest year’s tax payment receipt.
    • Latest 6 months’ bank account statement.

    How to Apply

    Online Application
    • Visit the bank’s official website.
    • Open the Public Bank 5 HOME Plan page.
    • Click on the “Apply Now” button.
    • Fill up the required details in the application form.
    • Submit the form online.
    Offline Application
    • Visit the nearest branch office.
    • Express your interest in applying for the loan.
    • Fill up the application form with the required details.
    • Attach the supporting documents.
    • Submit your application to the bank staff.


    The loan gives you the freedom to choose a package that suits your needs. Learn about the eligibility requirements to know if you are eligible for the loan. Read the fine print of the loan to have a complete understanding on how the loan facility works.


    Q. Should I pay any fee to get the overdraft facility?

    A. Yes. You have to pay a service charge of RM10 once in every 6 months towards the overdraft facility if the credit balance is below RM1,000.

    Q. What happens if I fail to pay the monthly instalment by the due date?

    A. An additional interest of 1% p.a. will be charged on the overdue amount if you fail to pay the instalment on time.

    Q. Can I redraw from the amount I have paid to the loan?

    A. Yes. The bank offers you the facility to redraw from your loan account only if you have taken a new loan.

    Q. Does the bank specify any criteria to offer the Redraw Facility?

    A. The bank offers the Redraw Facility only for those with an approved loan amount of RM100,000 or more.

    Q. Should I pay a processing fee if I refinance my existing loan?

    A. Yes. You have to pay a processing fee when you refinance your existing home loan.

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