Compare Housing Loans in Malaysia 2018

Get interest rates from as low as 4.15% on your housing loan! Do a quick calculation on your monthly repayments using our online housing loan calculator and save more! Compare the cheapest home loans from over 15 banks in Malaysia. Apply online

All Home Loans


HomeSmart-i
RM 2,306.90
4.6%
35 Years
90%
3 Years
Yes
More About This Product


  1. 3 years lock in period.

  2. 2% penalty on loan size*remaining month/ 36 mth.

  3. Flexi account set up fees waived, commitment fees RM10 every month.


RHB Home Loan-i
RM 2,333.87
4.7%
35 Years
90%
3 Years
No
More About This Product


  1. With MRTA, Base Rate+0.35%

  2. 3 years lock in period.

  3. 3% penalty.


My Home-i
RM 2,352.84
4.77%
35 Years
90%
0 Years
No
More About This Product


  1. No Lock-In period.

  2. No penalty.

  3. No withdrawals allowed.

  4. For extra repayment to principal, minimum amount must be RM5000 and above.

  5. For completed or BUC property.


CIMB HomeLoan
RM 2,187.46
4.15%
35 Years
90%
3 Years
Yes
More About This Product


  • Option of term loan and overdraft.

  • Customer with OD facility only required to service interest.

  • Statement – OD: Monthly; HomeLoan: Yearly

  • Prevailing Interest Rate and Default Clause.


Al Rajhi Home Financing-i
RM 2,240.15
4.35%
35 Years
90%
0 Years
Yes
More About This Product


  • 1% penalty fee

  • No lock in period

  • Comprehensive Takaful coverage provided

  • For Salaried Employees and Self-employed


Al Rajhi Special House Financing (SHF)
RM 2,240.15
4.35%
35 Years
90%
0 Years
Yes
More About This Product


  • 1% penalty fee

  • No lock in period

  • Comprehensive Takaful coverage provided

  • Only for Malaysians

  • For Salaried Employees


Al Rajhi Business Premises Financing
RM 2,240.15
4.35%
35 Years
90%
0 Years
Yes
More About This Product


  • 1% penalty fee

  • No lock in period

  • Comprehensive Takaful coverage provided

  • Only for Malaysians

  • For Salaried Employees and Self-employed


Al Rajhi Malaysia My Second Home - MM2H
RM 2,240.15
4.35%
35 Years
90%
0 Years
Yes
More About This Product


  • 1% penalty fee

  • No lock in period

  • Comprehensive Takaful coverage provided

  • For citizens of all countries recognised by Malaysia

  • For Salaried Employees and Self-employed


HomeSmart
RM 2,306.90
4.6%
35 Years
90%
3 Years
Yes
More About This Product


  1. 3 years lock in period.

  2. 2% penalty on loan size*remaining month/ 36 mth.

  3. Flexi account set up fees waived, commitment fees RM10 every month.

Get RM4,500 Guaranteed Cash with HSBC Advance


  1. Refinance your Home Loan with HSBC HomeSmart to receive up to RM4,500 guaranteed cash.

  2. Click here to sign up.

  3. Promotion period: 4 August 2016 - 31 January 2017.


Alliance i-Wish Home Financing-i
RM 2,309.59
4.61%
35 Years
90%
0 Years
Yes
More About This Product


  • Late Penalty Fee1% p.a. of the outstanding amount

  • Early Settlement Fee 3% on the financing amount

  • Redemption Letter Fee RM50.00 per request

  • Letter for EPF Withdrawal Fee RM20.00 per request

  • Insurance Types Fire Takaful, MRTT


Maxi Home-i
RM 2,320.37
4.65%
35 Years
90%
0 Years
No
More About This Product


  1. No lock in period.

  2. Minimum withdrawal of RM5000 per transaction and multiply by RM1000 (Withdrawal fees of RM50 for each transaction).

  3. With MRTA, the rate will be 0.05% lower.


Hong Leong Mortgage Plus
RM 2,320.37
4.65%
35 Years
90%
3 Years
Yes
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is required

  • For any individual, salaried/self-employed


Conventional Flexi Loan
RM 2,339.28
4.72%
35 Years
90%
3 Years
Yes
More About This Product


  1. 3 years lock in period.

  2. 2% penalty.

  3. If bundled with MRTA/Renovation Loan/Credit Card/FD, interest rate will be lower.

  4. Foreigner (working in M'sia) max MoF 75%.


Islamic Term Loan
RM 2,339.28
4.72%
35 Years
90%
3 Years
No
More About This Product


  1. 3 years lock in period.

  2. 2% penalty.

  3. Minimum withdrawal of RM3000 per transaction and multiply by RM1000 (Withdrawal fees of RM50 for each transaction).

  4. If bundled with MRTA/Renovation Loan/Credit Card/FD, the interest rate will be lower.

  5. Foreigner (working in M'sia) max MoF 75%.


i-Wish Flexi
RM 2,339.28
4.72%
35 Years
90%
3 Years
Yes
More About This Product


  1. 3 years lock in period.

  2. 2% penalty.

  3. If bundled with MRTA/Renovation Loan/Credit Card/FD), interest rate will be lower.

  4. Foreigner (working in M'sia) max MoF 75%.


Hong Leong Mortgage Plus
RM 2,344.70
4.74%
30 Years
90%
3 Years
Yes
More About This Product


  1. 3 years lock in period.

  2. 3% penalty.

  3. Additional 0.5% is subject to approval.

  4. Priority Banking customers: BR+0.61


CM Flexi Property Financing-i
RM 2,347.41
4.75%
35 Years
90%
0 Years
No
More About This Product


  1. No lock in period.

  2. Minimum withdrawal of RM5000 per transaction and multiply by RM1000 (Withdrawal fees of RM50 for each transaction).


Conventional Term Loan
RM 2,352.84
4.77%
35 Years
90%
0 Years
No
More About This Product


  1. No Lock-In period.

  2. No penalty.

  3. No withdrawals allowed.

  4. For extra repayment to principal, minimum amount must be RM1000 and above.

  5. For completed or BUC property.


MOA
RM 2,352.84
4.77%
35 Years
90%
0 Years
Yes
More About This Product


  1. No lock in period.

  2. No penalty.


Conventional Term Loan
RM 2,360.99
4.8%
35 Years
90%
3 Years
No
More About This Product


  1. 3 years Lock-In period.

  2. Minimum withdrawal of RM5000 per transaction and multiply by RM1000 (Withdrawal fees of RM50 for each transaction).

  3. Without MRTA, CC and FD, the rate will be higher.

  4. CIMB preferred member gets -0.05%.

  5. Early Termination Penalty 0.5% - 1.5% of outstanding loan balance.


Conventional Flexi Loan
RM 2,360.99
4.8%
35 Years
90%
3 Years
Yes
More About This Product


  1. 3 years Lock-In period.

  2. Without MRTA, CC and FD, the rate will be higher.

  3. CIMB preferred member gets -0.05%.

  4. Early Termination Penalty 0.5% - 1.5% of outstanding loan balance.


Islamic Term Loan
RM 2,360.99
4.8%
35 Years
90%
0 Years
No
More About This Product


  1. No Lock-In period.

  2. Minimum withdrawal of RM5000 per transaction and multiply by RM1000 (Withdrawal fees of RM50 for each transaction).

  3. 100% waiver of Loan Stamp Duty for refinancing.

  4. Without MRTA, CC and FD, the rate will be higher.

  5. CIMB preferred member gets -0.05%.


Islamic Flexi Loan
RM 2,360.99
4.8%
35 Years
90%
0 Years
Yes
More About This Product


  1. No Lock-In period.

  2. 100% waiver of Loan Stamp Duty for refinancing.

  3. Without MRTA, CC and FD, the rate will be higher.

  4. CIMB preferred member gets -0.05%.


Conventional Term Loan
RM 2,380.07
4.87%
35 Years
90%
3 Years
No
More About This Product


  1. 3 years lock in period.

  2. 2% penalty.

  3. Minimum withdrawal of RM5000 per transaction and multiply by RM1000 (Withdrawal fees of RM50 for each transaction).

  4. Local up to 90% MoF, Foreigner up to 80% MoF.

  5. Local Max age up to 70, Foreigner max age up to 65.


My HomeOne-i
RM 2,380.07
4.87%
35 Years
90%
0 Years
Yes
More About This Product


  1. No Lock-In period.

  2. No penalty.

  3. For extra repayment to principal, minimum amount must be RM5000 and above.

  4. For completed or BUC property.


MBSB Ultimate
RM 2,401.96
4.95%
35 Years
90%
0 Years
No
More About This Product


  1. No lock in period.

  2. No penalty.

  3. with MRTA/MRTT, margin of finance 90+5% (for first time buyer only).

  4. ZEC (Legal fees absorb).


AIA Fixed Rate Home Loan
RM 2,412.95
4.99%
35 Years
90%
5 Years
No
More About This Product


  • 3% penalty fee

  • 5 year lock in period

  • Comprehensive Takaful coverage is required

  • For all individuals and permanent residents


AIA Fixed Rate Home Loan
RM 2,412.95
4.99%
35 Years
90%
5 Years
No
More About This Product


  • 3% penalty fee

  • 5 year lock in period

  • Comprehensive Takaful coverage is required

  • For all individuals and permanent residents


Conventional Term Loan
RM 2,421.20
5.02%
35 Years
90%
3 Years
No
More About This Product


  1. 3 years lock in period.

  2. 2% penalty.

  3. Minimum withdrawal of RM3000 per transaction and multiply by RM1000 (Withdrawal fees of RM50 for each transaction).

  4. If bundled with MRTA/Renovation Loan/Credit Card/FD, the interest rate will be lower.

  5. Foreigner (working in M'sia) max MoF 75%.


Affin My First Home Scheme
RM 2,446.04
5.11%
35 Years
100%
5 Years
Yes
More About This Product


  • Malaysian citizen

  • First time home-buyer

  • Individuals up to 40 years old


HomeSmart
RM 2,960.69
6.89%
35 Years
90%
3 Years
Yes
More About This Product


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1) Stamp Duty As per the Stamp Act 1949 (Revised 1989).

2) Legal Fees and Disbursement - Legal fees plus 6% for Goods and Services Tax. - Disbursements including fees for registration of charge and other related charges.

3) Monthly Service Fee Monthly fee of RM10 plus 6% for Goods and Services Tax per month throughout tenure of the loan.

4) Commitment Fee Commitment Fee of RM40.00 will be charged per month if the average outstanding balance for that month is less than 50% of the Facility limit. This Commitment Fee shall only be imposed for a period of 5 years after full disbursement of the Facility.


Public Bank 5 Home Plan
RM 3,158.80
7.54%
35 Years
90%
0 Years
Yes
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is optional

  • For all individuals, joint applicants, residents, and non-residents


Public Bank HomeSave Package
RM 3,158.80
7.54%
35 Years
90%
0 Years
Yes
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is optional

  • For all individuals, joint applicants, residents, and non-residents


HSBC The Ideal Home Plan
RM 3,233.19
7.78%
30 Years
90%
5 Years
No
More About This Product


  • As per the Stamp Duty Act 1949 (Revised 1989)

  • Legal fees (and applicable tax, if any).

  • Disbursement Including fees for registration of charge and other related charges.

     


HSBC Amanah Home Smart-i
RM 3,233.19
7.78%
35 Years
90%
0 Years
No
More About This Product


  • As per the Stamp Duty Act 1949 (Revised 1989)

  • Legal fees (and applicable tax, if any).

  • Disbursement Including fees for registration of charge and other related charges.

  • Monthly fee of RM10 (and applicable tax, if any) per month throughout the tenure of the HomeSmart-i Facility.

     


Maybank Maxi Home Flexi
RM 3,255.01
7.85%
35 Years
90%
3 Years
Yes
More About This Product


  • 3 years lock in period.

  • 2% penalty.

  • Minimum withdrawal of RM5000 per transaction and multiply by RM1000 (Withdrawal fees of RM50 for each transaction).

  • With MRTA, the rate will be 0.05% lower.


Maybank Commodity Murabahah Home Financing-i
RM 3,255.01
7.85%
35 Years
100%
0 Years
Yes
More About This Product


  • 1% penalty fee

  • No lock in period

  • Stamp duty exemption

  • For any individual or nationality

  • For salaried employee or self-employed


Maybank Houzkey Rent-To-Own Homeownership Scheme
RM 3,255.01
7.85%
30 Years
100%
0 Years
No
More About This Product


  • Three (3) guarantor to streghten your eligibility

  • Minimum combined gross income at least RM 5,000

  • Primary applicant must not have more than 1 home loan

  • Progressive rental payment up to 5 years


Maybank MaxiHome Ezy
RM 3,255.01
7.85%
30 Years
90%
0 Years
Yes
More About This Product


  • Start paying the full installment 6th years onwards

  • No penalty charges when you make extra payments or withdrawals

  • Applicable for Malaysian and foreigner

  • For completed and under construction residential properties


Bank Muamalat Home Financing-i
RM 3,255.01
7.85%
35 Years
90%
5 Years
No
More About This Product


  • Processing fee RM 200

  • Stamp duty is waived

  • Late penalty is 1% of loan amount


Hong Leong Housing Loan
RM 3,320.78
8.06%
35 Years
90%
3 Years
Yes
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is required

  • For any individual, salaried/self-employed


OCBC Standard Housing Loan
RM 3,352.27
8.16%
35 Years
90%
3 Years
No
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is required

  • For any individual, salaried/self-employed


OCBC Idaman-i
RM 3,352.27
8.16%
35 Years
90%
3 Years
No
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is required

  • For any individual, salaried/self-employed


OCBC Impian-i
RM 3,352.27
8.16%
35 Years
90%
3 Years
No
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is required

  • For any individual, salaried/self-employed


OCBC Warisan-i
RM 3,352.27
8.16%
35 Years
90%
3 Years
No
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is required

  • For any individual, salaried/self-employed


KFH Ijarah Muntahia Bi Al-Tamlik Asset Acquisition Financing-i
RM 3,380.70
8.25%
35 Years
90%
0 Years
No
More About This Product


  • No lock in period

  • Property type is under construction

  • Profit rate is calculated monthly on reducing balance method


KFH Ijarah Mawsufah Fi Al-Zimmah Asset Acquisition Financing-i
RM 3,380.70
8.25%
35 Years
90%
0 Years
No
More About This Product


  • No lock in period

  • Property type is under construction

  • Profit rate is calculated monthly on reducing balance method


BSN MyHome (Youth Housing Scheme)
RM 3,383.86
8.26%
35 Years
105%
5 Years
No
More About This Product


  •  5 years lock-in period

  •  Mortgage Reducing Term Takaful (MRTT) is required


CIMB HomeFlexi Smart-i
RM 3,396.53
8.3%
35 Years
90%
0 Years
Yes
More About This Product


  • Redraw fee of RM25.00** via OTC/Branch/Contact Centre and RM 10.00** via CIMB Clicks

  • **per transaction regardless of the amount withdrawn


CIMB My First Home Scheme
RM 3,396.53
8.3%
30 Years
100%
0 Years
No
More About This Product


  • None


Public Bank Home Equity Financing-i
RM 3,472.88
8.54%
35 Years
90%
3 Years
No
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is compulsary

  • For any nationality, salaried employee and self-emplyed individual.


RHB Equity Property Financing-i
RM 3,476.07
8.55%
35 Years
90%
3 Years
Yes
More About This Product


  • Comprehensive Takaful coverage is optional

  • This package is for any nationality, salaried employee and self-emplyed individual


RHB Equity Home Financing-i
RM 3,476.07
8.55%
35 Years
90%
3 Years
Yes
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Takaful insurance coverage not mandatory

  • For any nationality, salaried employee and self-emplyed individual


Bank Muamalat SMART Pembiayaan Perumahan 1 Hutang
RM 3,476.07
8.55%
35 Years
90%
0 Years
No
More About This Product


  • Ceiling rate capped at 10.50%

  • Excess cash can be used to renovate the house or etc


Bank Islam Baiti Home Financing
RM 3,492.05
8.6%
35 Years
90%
0 Years
No
More About This Product


  • 4% penalty fee

  • Mortgage Reducing Term Takaful (MRTT) is required

  • Optional payment holiday in November and December


Bank Islam Wahdah Home Refinancing
RM 3,492.05
8.6%
35 Years
90%
0 Years
No
More About This Product


  • 4% penalty fee

  • Mortgage Reducing Term Takaful (MRTT) is required

  • Optional payment holiday in November and December


UOB iNTELLIGENT Home Loan
RM 3,536.94
8.74%
35 Years
95%
3 Years
Yes
More About This Product


  • 3 years lock-in period

  •  2% penalty fee

  •  Fire Takaful is required

  •  Mortgage Reducing Term Takaful (MRTT) is required


Bank Rakyat Home Financing-i (PR1MA)
RM 3,549.80
8.78%
35 Years
110%
0 Years
No
More About This Product


  •  No lock-in period

  •  Joint Application, husband and wife are allowed

  •  Own not more than one (1) property, if any

  •  Purchase for own occupation


BSN MyHome (Residential Property)
RM 3,556.23
8.8%
35 Years
95%
0 Years
No
More About This Product


  • Mortgage Reducing Term Takaful (MRTT) is required


BSN MyHome-i (Residential Property)
RM 3,556.23
8.8%
35 Years
95%
0 Years
No
More About This Product


  •  Mortgage Reducing Term Takaful (MRTT) is required


BSN MyHome-i (Youth Housing Scheme)
RM 3,556.23
8.8%
35 Years
105%
5 Years
No
More About This Product


  •  5 years lock-in period

  •  Mortgage Reducing Term Takaful (MRTT) is required


RHB My1 First Home Loan
RM 3,556.23
8.8%
35 Years
100%
3 Years
Yes
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • MRTA coverage is mandatory.

  • For any first time home-buying Malaysian.


AmBank Home Loan
RM 3,572.34
8.85%
35 Years
95%
3 Years
No
More About This Product


  •  3 years lock-in period

  •  2% penalty fee

  •  Fire Takaful is required

  •  Mortgage Reducing Term Takaful (MRTT) is required


AmBank Home Link
RM 3,572.34
8.85%
35 Years
95%
3 Years
Yes
More About This Product


  •  3 years lock-in period

  •  2% penalty fee

  •  Fire Takaful is required

  •  Mortgage Reducing Term Takaful (MRTT) is required


AmBank Islamic Home Financing-i
RM 3,572.34
8.85%
35 Years
95%
3 Years
No
More About This Product


  • 5 years lock-in period

  • 3% penalty fee

  • Fire Takaful is required

  • Mortgage Reducing Term Takaful (MRTT) is required


UOB Flexi Mortgage
RM 3,575.56
8.86%
35 Years
95%
3 Years
Yes
More About This Product


  • 3 years lock-in period

  • 2% penalty fee

  • Fire Takaful is required

  • Mortgage Reducing Term Takaful (MRTT) is required


Public Bank ABBA House Financing-i
RM 3,601.39
8.94%
35 Years
90%
0 Years
No
More About This Product


  • Redraw facility available

  • Multiple payment channels: PBe, ATMs and PIBB/PBB branches


MBSB Standard Home Financing-i
RM 3,604.62
8.95%
35 Years
90%
5 Years
No
More About This Product


  • Can be apply by any nationality

  • Early settlement fee is not applicable

  • Suitable for complete home, under construction or refinance

  • No processing fee


Affin Home Flexi Plus
RM 3,607.86
8.96%
35 Years
90%
3 Years
Yes
More About This Product


  • Interest computation on daily rest

  • Flexibility of payment in excess of loan installment amount

  • Flexibility of redrawing excess payment (applicable for Term Loan only)


Affin SME Property Financing (SPF)
RM 3,607.86
8.96%
35 Years
95%
0 Years
Yes
More About This Product


  • Eligible for Malaysian

  • Business must have minimum 3 years in operations


Bank Rakyat Home Financing-i
RM 3,620.80
9.0%
35 Years
95%
0 Years
No
More About This Product


  •  No lock-in period

  •  Collateral is required

  •  House Owner Takaful or Fire Takaful is required

  •  Mortgage Reducing Term Takaful (“MRTT”) is required


Affin Home Solution Plus
RM 3,624.04
9.01%
35 Years
90%
3 Years
Yes
More About This Product


  • Interest computation on daily rest

  • Flexibility of payment in excess of loan installment amount

  • Flexibility of redrawing excess payment


Alliance Conventional Home Financing
RM 3,643.49
9.07%
35 Years
90%
3 Years
Yes
More About This Product


  • Basic term loan with optional overdraft facility.

  • Allows for payment in excess of installment amount to reduce interest.

  • Redraw facility


MBSB My First Home Scheme-i
RM 3,685.75
9.2%
30 Years
100%
0 Years
Yes
More About This Product


  • Exclusively for the first-time home buyer

  • Valid for completed and under construction residential properties

  • Get rebates in case of early settlement of the loan


MBSB Commercial Property Term Financing-i (Istisna' & Ijarah)
RM 3,685.75
9.2%
30 Years
90%
0 Years
No
More About This Product


  • A guarantor should be provided if required

  • All collateral must be acceptable to shariah


Standard Chartered Mortgage One
RM 3,708.56
9.27%
30 Years
90%
3 Years
Yes
More About This Product


  • Best for loan a month more than RM 600,000

  • Late payment charge is 1% of outstanding amount

  • Interest calculated daily for greater saving

  • Suitable for completed house or under construction


Standard Chartered Mortgage Home Suite
RM 3,708.56
9.27%
30 Years
90%
3 Years
No
More About This Product


  • Best for loan a month more than RM 600,000

  • Late payment charge is 1% of outstanding amount

  • Interest calculated daily for greater saving

  • Suitable for completed house or under construction


Standard Chartered Saadiq My HomeOne-i
RM 3,708.56
9.27%
30 Years
90%
0 Years
Yes
More About This Product


  • Based on the Islamic principle of Diminishing Musyarakah

  • Easily place or withdraw your surplus cash

  • No hidden fees


CIMB HomeFlexi
RM 3,734.69
9.35%
35 Years
90%
0 Years
Yes
More About This Product


  • Set up fee of RM200

  • Monthly service charge of RM10

  • Monthly flexi charge / Non rebated profit of RM40


CIMB HomeFlexi Smart
RM 3,734.69
9.35%
35 Years
900%
0 Years
Yes
More About This Product


  • Redraw fee of RM25.00** via OTC/Branch/Contact Centre and RM 10.00** via CIMB Clicks

  • **per transaction regardless of the amount withdrawn


Bank Rakyat Home Financing-i My 1st Home Scheme
RM 3,744.51
9.38%
35 Years
110%
0 Years
No
More About This Product


  •  No lock in period

  •  First time home buyer

  •  House Owner Takaful or Fire Takaful is required

  •  Mortgage Reducing Term Takaful (“MRTT”) is required


Standard Chartered Saadiq My Home-i
RM 3,796.98
9.54%
30 Years
90%
0 Years
No
More About This Product


  • Based on the Islamic concept of Diminishing Musyarakah

  • Ceiling rate protection that protects you from base rate fluctuation


Bank Rakyat Home Financing-i Zero Entry Cost
RM 3,826.60
9.63%
35 Years
95%
5 Years
No
More About This Product


  •   5 years lock-in period

  •   House Owner Takaful or Fire Takaful is required

  •   Mortgage Reducing Term Takaful (“MRTT”) is required


Bank Rakyat Home Financing-i (Shophouse / Commercial) Products
RM 3,849.68
9.7%
35 Years
90%
0 Years
No
More About This Product


  •  No lock-in period

  •  Mortgage Reducing Term Takaful (“MRTT”) is required


OCBC My First Home Scheme
RM 3,959.05
10.03%
35 Years
100%
3 Years
No
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is required

  • For any Malaysian, individual, salaried/self-employed


Citibank FlexiHome Loan
RM 4,302.47
11.05%
30 Years
90%
3 Years
Yes
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  • Lock in: 3 years.

  • No minimum withdrawal.

  • No withdrawal fee.

  • MRTA / MLTA is not compulsory.

  • Preferential Rate is available if:

    • you apply for Home Loan together with a Citibank credit card and/or a banking product

    • you are a Citigold customer



  • No monthly maintenance fee.


UOB Home Financing-i
RM 4,346.77
11.18%
35 Years
95%
0 Years
No
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  •  Mortgage Reducing Term Takaful (MRTT) is required


MBSB Commercial Property Term Financing-i (Tawarruq)
RM 5,600.14
14.75%
30 Years
90%
0 Years
No
More About This Product


  • Sole proprietors can apply

  • Partnership business can apply

  • Private company can apply

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Frequently Asked Questions (FAQ)

A home loan, also known as a mortgage, is the sum of money given to you by a financial institution to buy a property. In exchange for this sum of money, the financial institution will have security in the form of their legal entitlement to keep your property’s deed until your home loan has been paid back in full.

Principal - The total amount you are borrowing from your bank.

Interest - The charges from the bank to you. You will be paying back your loan amount to the lender plus the rate of interest given by the bank.

Fees - The charges from the bank to cover things such as servicing the home loan.

Term - The length of time you must repay your loan amount plus interest to the bank.

Repayments - The amount you pay to the bank to cover your home loan.

Collateral - The bank is entitled to hold your property’s deed as a form of security in case you are not able to repay your home loan.

These are the types of home loans available:

Term Loan - This home loan allows you to have a maximum loan tenure of 35 years. If you pay off your home loan earlier within the first 3 to 5 years, you will be charged a penalty fee of approximately 3%.

Fixed Rate Loan - The interest for this home loan will be charged a fixed rate throughout the loan tenure. If you don’t want to worry about whether the interest rate will increase or decrease, this would be a suitable type of home loan to apply for.

Overdraft Loan - This loan requires you to only pay for the interest rate of the loan and the amount will be deducted directly from your current account. There is no loan tenure. However, the interest rate you are required to pay is higher than usual.

Flexi Loan - This loan is a combination of a term loan and an overdraft loan. You can get a lower interest rate when you put in more money in your current account.

Al-Bai’ Bithaman Ajil - An Islamic home loan which follows a buy-and-sell concept. The bank will buy the property for you at the current market price. Then, they will sell it back to you at an agreed price where you will have to pay in monthly instalments.

Musharakah Mutanaqisah - An Islamic home loan where you and the bank enter into an agreement to buy a property. You will become a tenant to the bank and your monthly repayments will cover your loan and part of the bank’s share of the property.

A lock-in period is the length of time where you will incur a penalty from the bank if you choose to do a full settlement of your home loan. For example, if your lock-in period in your home loan contract is 5 years but you have decided to pay your home loan in full before the 5 years, the bank can impose a penalty of 2% to 3% of the total loan amount.

Therefore, when you apply for a home loan, be sure to pay attention to the lock-in period because you might have to incur extra costs for an early settlement.

These are the criteria to apply for a home loan:

  • You must be a Malaysian citizen or a foreigner with a valid working permit and visa.
  • You have to be 18 to 75 years old upon loan maturity.
  • Your joint applicant must be a direct relative such as spouse, parents, siblings, or child.

However, some banks requirements may differ from the above. For the minimum annual income, it depends on the bank and which financing scheme you are applying for. Make sure to check with your respective bank on their requirements.

On Loanstreet, just press apply and fill in your details. We will give you a call or send you an email within 1 working day, depending on your application. After that, we will submit your application to the respective bank. However, if your application does not meet our criteria, we will send you an email stating that you may have to walk into the bank to apply for the home loan.

For Employee:

  • Copy of your NRIC
  • Property booking receipt
  • Vendor Sales & Purchase Agreement / Title (copy) / New Sales & Purchase Agreement
  • Latest 3 months pay slip (for Basic Salary) / Latest 6 months pay slip (for Basic + Commission Earner)
  • Latest 3 months personal bank statement (for Basic Salary) / Latest 6 months pay slip (for Basic + Commission Earner) to show your salary credited as per pay slip
  • Latest employment letter / EA form
  • Latest EPF statement
  • Income Tax – Latest Form B / BE with payment receipt acknowledgement
  • Deposit statement eg. Fixed Deposit, ASB or Bonds (if any)
  • Diploma / Degree certificate for a longer repayment period

For Self-Employed:

  • Copy of your NRIC
  • Property booking receipt
  • Vendor Sales & Purchase Agreement / Title (copy) / New Sales & Purchase Agreement
  • Latest 6 months company bank statement
  • Latest 6 months personal bank statement
  • Deposit statement eg. Fixed Deposit, ASB or Bonds (if any)
  • Business registration

That being said, some banks may require you to provide more documents. Make sure to check what documents are required by your respective bank.

Once you have submitted the necessary documents required by your bank, it will take up to approximately 7 working days to approve your application and disburse the loan to you. This process depends on the loan amount, loan tenure and your eligibility. Make sure to submit all the relevant documents with the correct details to help speed up the application process.

You can make additional payments if your bank allows you to do so. Before making any additional payments, make sure to check whether there is an early settlement fee and whether it is worth it. Besides that, you should also consider recalculating the monthly instalments with your bank if you were to make additional payments because sometimes making additional payments will not reduce your monthly instalments.

When you are not able to repay your home loan, your bank will have to seize your assets and you may be evicted from your home. However, your bank will send reminders on your missed payments. If you know you aren’t able to make your monthly repayments, go to your bank and discuss on what other alternatives they can provide you.