Property Financing-i
HOW DOES IT BENEFIT YOU
HOW DOES IT BENEFIT YOU
Attractive Financing Package
Hassle- free application
Option between Mortgage Reducing Term Takaful (MRTT) or Mortgage Level Term Takaful (MLTT) to protect against unforeseen events
Terms and conditions apply.
HOW DOES IT WORK
HOW DOES IT WORK
1. Check your eligibility
Ensure you meet one of the eligibility criteria below, then calculate your monthly instalment. This applies to completed or under construction residential or commercial properties
Individual
Sole Proprietorship & Partnership
Private Limited Companies
2. Shariah Concept applicable
The Shariah principle used is Murabahah via Tawarruq arrangement. Tawarruq refers to purchasing an asset with deferred price, then selling it to a third party to obtain cash.
3. Contracted profit rate
Under this product, you are protected against a higher rate by the ceiling rate i.e. the Contracted Profit Rate (CPR) where the Selling Price is capped at CPR.
MORE INFORMATION
| Acceptable Income Documents |
Individual Applicant (Employed) |
Individual Applicant (Self-Employed) |
Private Limited Companies |
|---|---|---|---|
| Latest 3 months salary slips |
Latest 6 months bank statements or savings passbook |
Latest 3 years audited account |
|
| Latest Borang BE (supported by tax payment receipt) |
Latest Borang B (supported with tax payment receipt) |
Latest 6 months bank statements |
|
Latest EPF statement |
Latest 6 months commission statements |
Latest Borang B of the directors (supported with tax payment receipt) |
|
| Latest 3 months bank statement / saving passbook |
N.A | N.A | |
Letter of employment |
N.A | N.A |
Note:
1. Other form of income substantiation may be acceptable on case to case basis e.g. Tenancy Agreement or Rental Income Receipts.
2. The above documents have to be independently verifiable