• Kuwait Finance House Loan Malaysia

    Kuwait Finance House Home Loan

    Kuwait Finance House offers various funding and loan plans to enable the financing of any asset or commodity. One such product is the KFH home loan. This house finance program offered by KFH has been specifically designed for individuals, joint owners, partnerships as well as limited companies to finance property purchases whether for residential or business purposes. The attractive profit rates offered on Kuwait Finance House home loans help borrowers realize their dreams of owning a home without putting undue pressure on their savings.


    You’re probably eligible for an Kuwait Finance House Bank Home Loan if you are

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    Kuwait Finance House Bank Home Loan Minimum Age

    At least 21 years old

    Kuwait Finance House Bank Home Loan Maximum Age

    Less than 70 years old

    Kuwait Finance House Bank Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Kuwait Finance House Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Kuwait Finance House Bank Home Loan amount eligibility is based on these factors

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    Kuwait Finance House Bank Home Loan Minimum Salary

    Instalment limited to about 50%
    of monthly income

    Kuwait Finance House Bank Home Loan Maximum Loan to property value

    Loan capped @ Up to 90% + 5% MRTT

    Kuwait Finance House Bank Home Loan EMI

    Instalments of other loans lower
    your eligibility


    Increase your eligible Kuwait Finance House Bank Home Loan amount by these steps

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    Kuwait Finance House Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Kuwait Finance House Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 35 years

    Kuwait Finance House Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Kuwait Finance house Bank Home Loan

    • 1. Identity Card. (supported by tax payment receipt).
    • 2. B or BE or EA Form.
    • 3. Personal Bank Statement.
    • 4. Documentation for salaried applicants:
      • Latest Payslip
      • EPF Statement
      • Other Documents on case to case basis
    • 5. Documentation for self-employed applicants:
      • Certificate of Business Registration
      • Business Bank Statement
      • Other documents on case to case basis
    • 6. Documentation for Persons with Variable Income:
      • Commission payment / statement
      • Annual commission payment / Statement
      • Other documents on case to case basis

    Kuwait Finance House Bank Home Loan Interest RatesUpdated on 07 Dec 2016

    Kuwait Finance House Bank Home Loan Details
    Margin of Finance Up to 90% + 5% MRTT
    Tenor 35 years
    Guarantor Requirement No Guarantee Required

    Types of KFH Loans in Malaysia

    Currently the bank offers two variants of home loans to suit the varied financial requirements of its customers.

    Ijarah Muntahia Bi Al-Tamlik Asset Acquisition Financing-i:

    It is based on the concept of lease wherein the bank purchases the house on behalf of the borrower and then leases the same to him. Lease installments are determined in advance. Upon repayment of all installments, ownership of the house is transferred to the borrower. The margin of financing available is 90% for financing residential property and 80% for financing business property.

    The age criteria to avail this loan is as follows:

    Residential property: Loan tenure up to 35 years or until the age of 70 years (borrower’s), whichever comes first.

    Business property: Loan tenure up to 15 years or until the age of 60 years old (borrower’s), whichever comes first.

    Ijarah Mawsufah Fi Al-Zimmah Asset Acquisition Financing-i:

    This is based on the concept of leasing as well. The only difference is that this home loan is disbursed to finance properties under construction such as houses on terraces, semi-isolated apartments, bungalows, or lots for residential as well as business purposes. The bank charges a competitive floating rate of interest on the loan which comes with a margin of financing up to 90% for residential and 80% for business and investment properties.

    The loan tenure of this lease home loan is as follows:

    Residential property: Loan tenure up to 35 years or until the age of 70 years (borrower’s), whichever comes first.

    Business property: Loan tenure of up to 15 years or until the age of 60 years old (borrower’s), whichever comes first.

    Major Features and Benefits of Kuwait Finance House Loan

    The following are the major features and benefits of the KFH home loan:

    • KFH home loans are based on Islamic concepts of Shariah with the highest margin of finance.
    • The bank offers customized home loan packages which are specially devised for the purchase of completed as well the under construction property.
    • The most attractive feature of these home loan packages are its long tenures which go as high as 35 years so that borrowers can opt for lower EMIs.
    • The margin of financing available is up to 90% including financial entry costs.

    KFH Home Loan Interest Rates

    According to KFH product disclosure sheet, ‘customer is required to pay a monthly lease rental amount which is calculated on either a fixed rate or a floating rate mechanism based on the package provided by the Bank’. Also, the same states, ‘ Margin of financing is up to 90% (including FEC cost) of SPA price or Open Market Value (OMV) whichever is lower + 5% MRTT financing (if applicable)’.

    How To Apply for a KFH loan?

    Generally, Individual and joint individuals can apply or non individuals such as sole proprietorship, partnership and limited companies may also apply. the individuals are expected to be over 21 years of age and less than 70 years of age. Also they should meet the monthly income or profit to be able to pay the loan amount for housing. Also there are certain documentation required:

    • Identity Card. (supported by tax payment receipt).
    • B or BE or EA Form.
    • Personal Bank Statement.
    • Documentation for salaried applicants:
      • Latest Payslip
      • EPF Statement
      • Other Documents on case to case basis
    • Documentation for self-employed applicants:
      • Certificate of Business Registration
      • Business Bank Statement
      • Other documents on case to case basis
    • Documentation for Persons with Variable Income:
      • Commission payment / statement
      • Annual commission payment / Statement
      • Other documents on case to case basis

    FAQs on Kuwait Finance House Home Loans

    1. What documents are required to apply for a Kuwait Finance House home loan?

      Interested applicants will have to submit an application form along with copies of valid id proof, salary slips of the last 3 months, bank statements of the last 6 months, latest EPF statement, latest EA form, business registration certificate, latest BE form, etc. Documentation may vary according to the applicant’s personal profiles and job status.

    2. Is takaful coverage provided on these loans?

      KFH bank offers Takaful coverage for home owners (MRTT) to safeguard against accidents such as death and permanent disability. The insurance amount so received will cover the amount due on the loan.

    3. Can customers settle their KFH home loans prior to maturity?

      Customers are free to settle their loans prior to maturity, provided they give the bank 30 days prior notice. Early settlements qualify borrowers for rebates on interest due on the loan.

    4. How to Calculate Loan Installment for Kuwait Finance House Home Loan?

      The online loan installment calculator for Kuwait Finance House home loan takes in the following four parameters as input and processes this data to give as result the monthly loan installment and the amortization table.

      • Desired loan amount
      • Preferred loan tenure
      • Applicable profit rate
      • Corresponding processing fee

    An amortization table is a detailed view of the repayment schedule of the loan across the entire loan period. The table depicts the balance principal amount and the respective interest amount for each point in the loan period. The input parameters of the installment calculator can be varied to reach the most optimum installment amount that suits your pocket. This will in turn help you zero down on your most preferred lending bank too.

    Apart from offering Home Loan,Kuwait Finance House offers other products and services which include:

    News About Kuwait Finance House Home Loan

    • KFH's Malaysia operations to be taken by QNB

      Qatar National Bank which is biggest lender in the middle east by share of market, is all set to make crucial bids for Kuwait Financial House KSC's operations in Malaysia. QNB has been expanding in order to reduce reliance on the home market comprising of 2 million customers. The financial house wants to expand and grow in other countries as well so as to deepen its reach and register better revenues. Kuwait Finance is evaluating bids for sale so as to back the most profitable deal. KFH is the first foreign Islamic bank to have set foot in Malaysia and is now giving up in the country because of its plans of expansion in Africa and the Middle East.

      According to a report published in December 2014, KFH had assets worth 10.5 billion ringgit, however, the bank too was facing difficulties owing to the recent economic crisis being faced by the Malaysian state.

      18th September 2015

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