Public Bank Home Equity Financing-i

    This financing facility is for those who want to buy or refinance a house. The financing tenure can go up to 35 years. Take a look at what this scheme has to offer.

    Type of Financing Semi-flexi.
    Interest Rate Base rate + spread (current base rate (BR) is 3.77% p.a.).
    Loan Tenure Up to 35 years.

    Features and Benefits

    • Enjoy high financing rates with this financing scheme.
    • You have the flexibility to make prepayments.
    • Redraw or reinstate facility is available with this scheme.
    • You will receive government incentives on stamp duty.

    Fees and Charges

    Processing Fee Loan amount of RM30,000 or less: RM53. Loan amount of RM30,001 to RM100,00: RM106. Loan amount of RM100,000 and above: RM212.
    Service Fee for Redraw Facility-i RM53 per withdrawal.
    Stamp Duty RM10.
    Late Payment Charges 1% p.a. on the monthly arrears.
    Disbursement Fee Depends on the disbursed amount.

    Required Documents

    Application type Documents Required
    Employed Professionals
    • Salary slips (last 3 to 6 months).
    • Latest EPF Statement.
    • Latest EA Statement.
    • Latest tax receipts or tax returns.
    • Letter of confirmation from employer regarding employment.
    • Bank statement (last 3 to 6 months).
    • Contractual bonus payment slips (latest 2 years).
    • Non-contractual bonus (last 3 years).
    Self-employed Professionals
    • Tax receipt or tax return (last 1 year).
    • Bank account statement (last 6 months).

    How to Apply

    Online Application
    • Visit Public Islamic Bank’s official website.
    • Open the Public Bank Home Equity Financing-I page.
    • Click on the ‘Apply Now’ button.
    • Fill in the application form provided.
    • Upload supporting documents.
    • Submit the form online.
    Offline Application
    • Visit the nearest Public Islamic Bank branch.
    • Request for the application form.
    • Fill in the application form.
    • Submit the application form along with the supporting documents.

    Public Bank Home Equity Financing-i is one of the Home Equity financing schemes by Public Islamic Bank. You can enjoy the flexibility to repay the amount whenever you want. Go through the financing facility’s Product Disclosure Sheet and Terms and Conditions before applying for it.


    Q. What is the Base Financing Rate for non-individuals?

    A. The Base Financing Rate for non-individuals is 6.97% p.a.

    Q. Do I need to take takaful coverage with this facility?

    A. There are two takaful options available: Mortgage Reducing Term Takaful (MRTT) and Fire/House Holder/House Owner Takaful. You have the option to choose takaful options as per your need.

    Q. Do I need a collateral with this facility?

    A. You can opt for a guarantor or a collateral.

    Q. What if my loan tenure extends after I retire?

    A. You can advise the bank how you will be making the rest of the payments.

    Q. What happens if the profit rate increases?

    A. Under this facility, the profit rate is connected to the Base Financing Rate and the Base Rate. As increase in profit rates could result in higher monthly extension of the tenure.

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