Compare Home Refinance Loans in Malaysia 2020

Compare the best Home Refinance Loans in Malaysia. Get the best interest rates from the banks, and apply online using our free Eligibility Check.

Home Refinance


Standard Chartered MortgageOne™
RM 2,094.56
2.95%
35 Years
90%
0 Years
Yes
More About This Product


  • Best for loan more than RM 300,000

  • Interest calculated daily for greater saving

  • Suitable for completed house or under construction


Flexi Housing Loan
RM 2,108.02
3.0%
35 Years
90%
3 Years
Yes
More About This Product


  • For Malaysian only.

  • 3 year lock-in period.

  • First two years only BR +0.30% interest, thereafter BR + 0.45%.

  • Flexible repayment options


SMART Mortgage Home Financing
RM 2,135.08
3.1%
35 Years
95%
0 Years
No
More About This Product


  • Processing fee waived

  • Stamp duty is waived

  • Peace of mind with MRTT coverage

  • Shariah-compliant


BSN MyHome (Residential Property)
RM 2,108.02
3.0%
35 Years
90%
0 Years
No
More About This Product


  • Mortgage Reducing Term Takaful (MRTT) is required


BSN MyHome-i (Residential Property)
RM 2,108.02
3.0%
35 Years
90%
0 Years
No
More About This Product


  •  Mortgage Reducing Term Takaful (MRTT) is required


BOCM Housing Loan
RM 2,108.02
3.0%
35 Years
90%
3 Years
Yes
More About This Product


  • For Malaysian - or foreigner individuals with permanent resident status in Malaysia and residing in Malaysia.

  • 3 year lock-in period.

  • First two years only BR +0.30% interest, thereafter BR + 0.45%.

  • Set up fee waived.


Maybank London Residential Home Financing
RM 2,108.02
3.0%
30 Years
80%
3 Years
No
More About This Product

Financing Amount


  • Minimum loan: £100,000.00

  • Maximum loan: £5,000,000.00

  • Currency : GBP Only 


 

 


HomeSmart-i
RM 2,135.08
3.1%
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.


HomeSmart
RM 2,135.08
3.1%
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.


Public Bank 5 Home Plan
RM 2,135.08
3.1%
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


CIMB HomeLoan
RM 2,135.08
3.1%
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.


Maybank MaxiHome Ezy
RM 2,135.08
3.1%
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 SMART Mortgage Solution
RM 2,135.08
3.1%
35 Years
95%
0 Years
No
More About This Product


  • Financing of Moving cost & related expenses

  • Peace of mind with MRTT coverage

  • Debt consolidation and settlement


CIMB HomeFlexi Smart
RM 2,135.08
3.1%
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 Flexi Home Financing-i
RM 2,135.08
3.1%
35 Years
90%
0 Years
Yes
More About This Product


  • Set up fee of RM200.00

  • Non rebated profit of RM40.00

  • Monthly service charge of RM10.00

  • 100% stamp duty waiver for conversion from conventional loan


CIMB HomeFlexi Smart-i
RM 2,135.08
3.1%
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


Foreign Currency Offshore Property Financing-i
RM 2,135.08
3.1%
30 Years
80%
3 Years
No
More About This Product

• Based on the principle of Murabahah

• No Withholding Tax Incurrence

• No limit for purchase of overseas property

• Foreign Currency Exchange Risk Exposure

• Protection of ceiling rate


Muamalat SMART Mortgage SRP
RM 2,135.08
3.1%
35 Years
110%
3 Years
No
More About This Product


  • Financing of moving costs & expenses

  • Peace of mind with MRTT Coverage

  • Fully Shariah-compliant

  • For first time home buyer


Muamalat SMART Mortgage FLEXI
RM 2,135.08
3.1%
35 Years
95%
3 Years
No
More About This Product


  • Paying additional monthly payment can reduce principal balance immediately 

  • Withdrawal of excess payments 

  • MRTA, legal and valuation fees can be financed

  • Peace of mind with MRTT coverage

  • Fully Shariah compliant


Alliance Conventional Home Financing
RM 2,137.80
3.11%
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

  • Effective interest will be determined by Alliance Bank upon approval.


Alliance One Account
RM 2,148.68
3.15%
35 Years
95%
0 Years
Yes
More About This Product


  • No lock in period.

  • No early termination fee.

  • Overdraft interest rate at 7.13% only.

  • No commitment fee for Islamic Overdraft


OCBC Home Loan
RM 2,162.33
3.2%
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 2,162.33
3.2%
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 2,162.33
3.2%
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 2,162.33
3.2%
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


MBSB Standard Home Financing-i
RM 2,162.33
3.2%
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

  • Celling Profit Rate capped at 11% p.a.


MBSB Ultimate Home Financing
RM 2,162.33
3.2%
35 Years
90%
0 Years
No
More About This Product


  • Can be apply by any nationality

  • Islamic financing

  • Suitable for complete home, under construction or refinance

  • No processing fee for residential properties

  • Ceiling Profit Rate : 11% p.a.


MBSB Standard Home Financing-i (Commercial Property Financing)
RM 2,162.33
3.2%
30 Years
80%
0 Years
No
More About This Product


  • Can be apply by any nationality

  • Islamic financing

  • Suitable for complete home, under construction or refinance

  • No processing fee for residential properties


MBSB Ultimate Home Financing-i (Commercial Property Financing)
RM 2,162.33
3.2%
30 Years
80%
0 Years
No
More About This Product


  • Can be apply by any nationality

  • No lock in period

  • Suitable for complete home, under construction or refinance 

  • No processing fee for residential properties


MBSB My First Home Scheme-i
RM 2,162.33
3.2%
35 Years
100%
0 Years
No
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

  • No early settlement charges


OCBC My First Home Scheme
RM 2,162.33
3.2%
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

  • For joint application with combined gross income of up to RM10,000/month. Single borrower's gross income not exceeding RM5,000/month.

  • Permanent staff at current company, employed for at least 6 months.


CIMB HomeFlexi
RM 2,162.33
3.2%
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


Conventional Term Loan
RM 2,167.81
3.22%
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.


RHB Equity Property Financing-i
RM 2,176.03
3.25%
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


CIMB Preferential Rates for Green Residential Homes
RM 2,176.03
3.25%
35 Years
85%
0 Years
No
More About This Product

For residential projects duly certified by GBI (Green Building Index), GreenRE, Leadership in Energy & Environment Design (LEED) or BCA Green Mark.


Standard Chartered Saadiq My HomeOne-i
RM 2,181.52
3.27%
35 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


Conventional Term Loan
RM 2,181.52
3.27%
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.


Bank Islam Baiti Home Financing
RM 2,195.29
3.32%
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 2,195.29
3.32%
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


Alliance i-Wish Home Financing-i
RM 2,200.81
3.34%
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


CM Flexi Property Financing-i
RM 2,203.57
3.35%
35 Years
90%
0 Years
Yes
More About This Product

1. This facility is generally used to finance the purchase of fixed assets such as properties, machineries and working capital.

2. This facility provides a flexible payment scheme, which would help in the management of finances.

3. There is no lock-in period, but a 3-months written notice must be provided in order to settle the financing before its maturity.


Shop Loan
RM 2,203.57
3.35%
30 Years
85%
3 Years
No
More About This Product

1. Available for salaried and self-employed individuals.

2. Extra payments may be made as the loan is flexible.

3. There are alternative payment methods available for applicants.


KFH Ijarah Mawsufah Fi Al-Zimmah Asset Acquisition Financing-i
RM 2,203.57
3.35%
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


UOB Home Financing-i
RM 2,206.33
3.36%
35 Years
95%
0 Years
No
More About This Product


  •  Mortgage Reducing Term Takaful (MRTT) is required


Public Bank Home Equity Financing-i
RM 2,209.10
3.37%
35 Years
90%
3 Years
Yes
More About This Product


  • 1% penalty fee

  • 3 year lock in period

  • Comprehensive Takaful coverage is compulsory

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


Citibank FlexiHome Loan
RM 2,217.41
3.4%
30 Years
90%
0 Years
Yes
More About This Product

1. Excess amounts may be withdrawn at anytime, you are also able to deposit more than your monthly instalment - these actions may be carried out as many times as you wish.

2. Principal repayments may be made while your property is undergoing construction.

3. Get your approval in 10 minutes.


Citibank Housing Loan
RM 2,217.41
3.4%
30 Years
89%
3 Years
Yes
More About This Product


  • Competitive rates and daily interest calculation allows you to save more.

  • Disciplined monthly instalments for completed property financing.

  • Pay interest only during property construction period to have more disposable income OR enjoy more savings when you opt to commence monthly instalments.

  • Flexibility to make early or extra payments in any amount at any time. No notice required, no fees charged.

  • EPF withdrawal to reduce the outstanding balance.


Bank Rakyat Home Financing-i
RM 2,217.41
3.4%
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


BSN MyHome (Youth Housing Scheme)
RM 2,217.41
3.4%
35 Years
100%
5 Years
No
More About This Product


  •  5 years lock-in period

  •  Mortgage Reducing Term Takaful (MRTT) is required


Hong Leong Mortgage Plus (Variable Rate)
RM 2,228.51
3.44%
30 Years
90%
3 Years
Yes
More About This Product


  1. 3 years lock in period.

  2. 3% penalty.


Affin Home Flexi Plus
RM 2,234.07
3.46%
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 2,234.07
3.46%
35 Years
95%
0 Years
Yes
More About This Product


  • Eligible for Malaysian

  • Business must have minimum 3 years in operations


UOB Flexi Mortgage
RM 2,245.22
3.5%
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 Home Loan
RM 2,245.22
3.5%
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 2,245.22
3.5%
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 2,245.22
3.5%
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

  • Ceiling Profit Rate : 9.99% p.a


RHB Equity Home Financing-i
RM 2,245.22
3.5%
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


RHB Commodity Murabahah Term Financing-i (CMTF-i) for Home
RM 2,245.22
3.5%
35 Years
90%
3 Years
Yes
More About This Product


  • 1% penalty fee

  • Lock in period: 3 years

  • Takaful insurance coverage not mandatory

  • Ceiling Profit Rate: 10.25% p.a.


RHB Commodity Murabahah Term Financing-i (CMTF-i) for Property
RM 2,245.22
3.5%
35 Years
85%
3 Years
No
More About This Product


  • 1% penalty fee

  • Lock in period: 3 years 

  • Takaful insurance coverage not mandatory

  • Ceiling Profit Rate: 10.25% p.a.


Equity Home Financing-i with Redraw
RM 2,245.22
3.5%
35 Years
92%
3 Years
No
More About This Product


  • 1% penalty fee

  • 3 years lock in period

  • Takaful Insurance coverage not mandatory

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

  • Ceiling Profit Rate: 10.25 % p.a.


Affin Home Solution Plus
RM 2,248.02
3.51%
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


Affin Biz Solution Plus
RM 2,262.00
3.56%
35 Years
85%
3 Years
Yes
More About This Product


  • Save overall interest cost with daily computation of interest

  • Payment in excess of loan istallment amount

  • Redraw of excess payment


Public Bank MORE Plan
RM 2,292.94
3.67%
30 Years
90%
3 Years
No
More About This Product


  • Great savings as interest rates are calculated on daily rest.

  • Credit cards with Exclusive Annual Fee Waiver for the entire loan tenure for eligible customers.

  • Option for Redraw Facility (for new Conventional Housing Loans with an approved amount of RM100,000 and above)


Al Rajhi Home Financing-i
RM 2,301.41
3.7%
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 2,301.41
3.7%
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 2,301.41
3.7%
35 Years
80%
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 2,301.41
3.7%
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


Affin My First Home Scheme
RM 2,304.24
3.71%
35 Years
100%
5 Years
Yes
More About This Product


  • Malaysian citizen

  • First time home-buyer

  • Individuals up to 40 years old


Bank Rakyat Home Financing-i My 1st Home Scheme
RM 2,324.10
3.78%
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


CIMB Variable Home Financing-i
RM 2,329.79
3.8%
35 Years
90%
0 Years
No
More About This Product


  • 100% stamp duty waiver for conversion from conventional loan

  • Processing fee: Not applicable


CIMB Term Financing-i
RM 2,329.79
3.8%
30 Years
85%
0 Years
No
More About This Product


  • Processing fee: Not applicable


Affin Home Build
RM 2,332.63
3.81%
35 Years
85%
5 Years
No
More About This Product


  • Borrower has to serve interest during construction period for a property under construction


Commodity Murabahah Term Financing-i (CMTF-i) For Home (Full Flexi)
RM 2,344.04
3.85%
35 Years
90%
3 Years
Yes
More About This Product


CIMB BizFlexi
RM 2,358.34
3.9%
30 Years
85%
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 Business Premises Financing-i
RM 2,358.34
3.9%
30 Years
85%
0 Years
No
More About This Product


  • 100% stamp duty waiver for conversion from conventional loan

  • Processing fee: Not applicable


CIMB Flexi Business Premises Financing-i
RM 2,358.34
3.9%
30 Years
85%
0 Years
Yes
More About This Product


  • Set up fee of RM200.00

  • Non rebated profit of RM40.00

  • Monthly service charge of RM10.00

  • 100% stamp duty waiver for conversion from conventional loan


CIMB Overseas Mortgage Loan Australia
RM 2,358.34
3.9%
30 Years
70%
0 Years
Yes
More About This Product


  • Processing fee: RM 200

  • Handling/cacellation fee: RM 300

  • Redraw fee (OTC) RM 25


Commodity Murabahah Term Financing-i for Property (Full Flexi)
RM 2,358.34
3.9%
35 Years
85%
3 Years
Yes
More About This Product


RHB My1 First Home Loan (Standard Package)
RM 2,372.69
3.95%
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

  • Loan Margin + 10% (MRTA/CLTA only)


Muamalat SMART Mortgage WAQF
RM 2,389.96
4.01%
35 Years
80%
3 Years
No
More About This Product


  • Applicable for Residential and Commercial properties

  • Peace of mind with MRTT Coverage

  • Fully Shariah-compliant 


Bank Rakyat Home Financing-i Zero Entry Cost
RM 2,395.73
4.03%
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 2,415.99
4.1%
35 Years
90%
0 Years
No
More About This Product


  •  No lock-in period

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


Vacant Land Financing
RM 2,415.99
4.1%
30 Years
70%
3 Years
No
More About This Product



Margin of Financing

 




Residential Vacant Land


  • Up to 70% + 5% (GMTA / Legal / Valuation Fees)

Commercial and Industrial Vacant Land


  • Up to 65% + 5% (GMTA / Legal / Valuation Fees) for Preferred Customer

  • Up to 60% + 5% (GMTA / Legal / Valuation Fees) for Non Preferred Customer

Agricultural Vacant Land


  • Up to 55% + 5% (GMTA / Legal / Valuation Fees) for Preferred Customer

  • Up to 40% + 5% (GMTA / Legal / Valuation Fees) for Non Preferred Customer



Residential Vacant Land Flexi Smart-i
RM 2,445.09
4.2%
30 Years
70%
3 Years
Yes
More About This Product


AIA Fixed Rate Home Loan
RM 2,459.70
4.25%
35 Years
90%
5 Years
No
More About This Product

 


  • 5 year lock-in period

  • 4.25% p.a. first 3 years thereafter 4.99% p.a

  • Only for existing or new AIA policyholder(s).


CIMB BizFlexi Smart
RM 2,518.59
4.45%
30 Years
85%
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 BizFlexi Smart-i
RM 2,518.59
4.45%
30 Years
85%
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


Maybank Commodity Murabahah Home Financing-i
RM 2,563.22
4.6%
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


CIMB BizLoan
RM 2,730.13
5.15%
30 Years
85%
0 Years
Yes
More About This Product

1. Processing, set up or maintenance fees are not required.

2. This is for individuals above the age of 18.

3. Available for both salaried and self-employed individuals.


HomeSmart
RM 2,804.53
5.39%
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.


AmBank Property Loan
RM 2,902.00
5.7%
35 Years
85%
3 Years
No
More About This Product


  • 3 years lock in period

  • Option to have redraw facility.

  • Fire Insurance is required

  • Mortgage Reducing Term Takaful (MRTT) is required


AmBank Property Link
RM 2,902.00
5.7%
35 Years
85%
3 Years
No
More About This Product


  • 3 years lock in period

  • Instant cash withdrawal via ATM or cheque book.

  • Fire Insurance is required

  • Mortgage Reducing Term Takaful (MRTT) is required

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Frequently Asked Questions (FAQ)

Home refinancing means replacing an existing mortgage with a new loan under new terms and conditions to lower your monthly instalments or/and to get a better interest rate. Take note that refinancing can be expensive and time-consuming because you will need to do some research about which bank offers you the best interest rates. Having said that, it can really save you money and you may be able to pay less each month. 
 

 

First, you need to figure out what is your purpose of refinancing: It could be to get your hands on some extra cash to do renovations on your home or to consolidate other debts, or you want to get a better interest rate than you have now. 

Second, you will need to know how much is the outstanding balance of your current loan and make sure your lock-in period is over to avoid paying a fee. You can clarify this with your bank to assure that it has ended. If the period has not ended, check with your bank how much you need to pay for proceeding with a refinance and ask if the lock-in period is over. 

After that, make sure you know how much refinancing will cost you because there will definitely be costs involved (like Stamp Duty which is 0.5% of the loan). 

Additionally, get to know your credit score before you apply for a refinance loan. If you have had all your information straight and know what you can get out of your refinance, then apply for the refinance loans we offer on Loanstreet!

 

You should consider refinancing your loan after your lock-in period is over because otherwise, you will have the risk of paying fees for early termination for the loan you have now. Aside from that, you can also look at refinancing if your credit score has improved over the years. If you first took a home loan with a high-interest rate because you had a bad credit score, it may be a good idea to refinance now and settle for a lower interest rate. 

On top of that, if you have a lot of home equity and would like to renovate your home but currently do not have the funds in your account, it is also a good opportunity to take a refinance loan because you could take a higher loan than your actual current repayment is and choose for a cash-out refinance if you have a good credit score. This would help you to get more funds to pay for your needed renovation. 

 

This really depends on what you need. It can be because you needed the extra cash now for personal use, to get a lower interest rate and a lower monthly instalment or which can free up cash in your budget each month. Also, you could take a loan valued higher than your current outstanding balance. With this, you could consolidate your debts into one.

 

Assuming that you have a good credit score, a cash-out refinance would be possible. It is a way to refinance your loan and borrow money at the same time if your home has equity higher than your current payable loan. 

For example, if your home is valued at RM250,000 and you have an outstanding mortgage of RM150,000 that means there is RM100,000 in home equity. You could then loan RM200,000 which leaves you with some room to pay off other debts like a credit card which generally have a higher interest rate. 

 

Yes, it would be possible to consolidate your other debts with a refinance loan if you have a good credit score and enough home equity. You would be able to ask for a higher loan to consolidate your outstanding debts into one big loan, this could save you a lot of money on interest and you can keep track on one loan rather than remembering different due dates on several monthly instalments.