Attractive Financing Package
- Break away from traditional fixed-rate financing
- Competitive rates for more cost savings
- Pre-payment allowed, no prior notice required
- Option to start monthly installment immediately even property is still under construction and therefore save money from paying grace period profit.
- Available for Home Financing, Shop Financing and more.
- Financing tenure of up to 35 years, or 70 years of age.
- Open to Muslims and non-Muslims
Alternative payment methods:
ATM transfer to your financing account, bank in to your financing account via the Cash Deposit Machine, cheque deposit to your financing account via the Cheque Deposit Machine** or over the counter at the nearest branch
Important:
*Online IBG payment is only RM0.00 per transaction and IBG payment via ATM is RM0.10 per transaction.
**From 02/01/2015, a RM0.50 processing fee and a RM0.15 stamp duty will be charged per cheque issued.
Mortgage Reducing Term Takaful (MRTT)
- Optional MRTT to protect your family against loss of property due to unforeseen circumstances.
- MRTT is also available to cater for Skim Rumah Pertamaku-i.
Skim Rumah Pertamaku-i
Skim Rumah Pertamaku-i was first announced in the Malaysia Budget 2011 by the Malaysian Government to assist first time house buyers to purchase their first home. This scheme allows the buyers to obtain up to 110% financing from the participating Banks, enabling affordable home ownership without having the need to pay a down payment.
This is in line with the Government’s aspirations to increase home ownership among Malaysians.
For further details, please refer to the FAQs below
Hassle-free Monthly Payment Methods
Include standing instructions from your Hong Leong Islamic Bank/Hong Leong Bank Savings/Current Account, Internet Banking (www.hongleongconnect.my), via mobile phone app, or tablet app, as well as the Malaysian Electronic Payment System (MEPS), or Interbank Giro (IBG)*.
Peace of mind
Ceiling rate helps you to hedge against financing rate hike, no matter how high it fluctuates.
Hassle-free application
You may submit your application at any branch, or our friendly sales personnel can visit you at your home or office.
Rebate
A rebate shall be granted in the following situations:
- In the event that the profit amount based on Indicative Effective Profit Rate is lower than the profit amount based on Contracted Profit Amount (ceiling rate);
- Early completion of property during the Grace Period;
- Early settlement, including that arising from prepayment;
- Settlement of this financing facility due to a financing restructuring exercise;
- Settlement by the customer in the case of default; and
- Settlement by the customer in the event of termination or cancellation of this financing facility before the maturity date.
Click here 
to learn the key factors that influence the demand and supply of housing in Malaysia.
to learn the key factors that influence the demand and supply of housing in Malaysia.- Residential & Commercial
- Completed & Under Construction
| Individual Applicant (Employed) |
Individual Applicant (Self-Employed) |
Private Limited Companies |
|
|---|---|---|---|
Acceptable Income Documents |
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 |
|||
| Letter of employment |
Note:
- Other form of income substantiation may be acceptable on case to case basis e.g. Tenancy Agreement or Rental Income Receipts.
- The above documents have to be independently verifiable
- Individual
- Sole Proprietorship & Partnership
- Private Limited Companies
Effective 2 Jan 2015, the Islamic Base Rate (IBR) will replace the Islamic Financing Rate (IFR) as the new reference rate for new retail floating rate financing facilities for individual customers.
The introduction of Islamic Base Rate aims to:
- Promote a transparent reference rate that allows meaningful comparison to be made for informed decision making by customers;
- Encourage more disciplined and efficient practices by the financial institution/bank in the pricing of retail financing facilities; and
- Better reflect changes in the cost of funds arising from monetary policy or market funding conditions
What is Islamic Base Rate?
Before 2 Jan 2015
Islamic Financing Rate (IFR)
Financing extended prior to 2 January 2015 will be continue to be referenced against the Islamic Financing Rate (IFR) until their respective maturities
From 2 Jan 2015
Islamic Base Rate (IBR)
Effective 2 January 2015, a new rate reference known as the Islamic Base Rate (IBR) will be used for new floating rate financing facilities for individual applicants.
How is the Indicative Effective Profit Rate (EPR) determined?
Islamic Base Rate - Benchmark Cost - of - Fund & Statutory Reserve Cost
+
Spread - Bank's operating cost & Profit margin
| Standard House Financing’s Indicative Effective Profit Rate: |
|
|---|---|
| Terms |
Islamic Base Rate |
| Financing Amount |
RM350,000.00 |
| Financing Tenure |
30 years |
| Lock-in Period |
NIL |
| Reference Rate |
3.60% |
| Indicative Effective Profit Rate |
IBR + 0.72% (2.88% + 0.72%) = 3.60% |
| Monthly Instalment |
RM1,592.00 |
What should you do as a customer?
- Compare the indicative effective profit rates quoted by different financial institutions before taking out a new financing.
- Ask for a Product Disclosure Sheet (PDS) providing you with the indicative effective profit rate and total payment amount for the financing facilities you plan to take out.
- Ask your financial institution to explain the factors which may lead to a change in the Islamic Base Rate.
- Your monthly payment amount will increase or decrease when there is a change in the Islamic Base Rate.
- You should also assess whether you can continue to afford the financing payments if the indicative effective profit rate increases in future.
Click here for the non-exhaustive list of fees and charges, or visit any of our branches for further information.
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