Home Loan Malaysia Packages

Our AIA Home Loan Malaysia rates to cater for different needs

Updated: 4 December 2015

Home loan rates 4 Dec 2016

 

Who can apply?

  • Individual Malaysian Citizens or permanent residents.
  • For Self Employed – The business established for at least 3 years and operating profitability for the past 3 years.
  • Foreigners only if their spouses are Malaysians or immediate family are Malaysians or they have been fully employed with permanent positions in Malaysia.

 

Loan Tenure

Up to 35 years or age 70 whichever is earlier.

 

Minimum Home Loan Amount

RM 100,000

 

Minimum Market Value

RM 200,000

 

Margin of Financing (MoF)

New Purchase: 90%

Refinancing: 80%

  • MoF is based on Open Market Value (OMV) or purchase price whichever is lower for new purchase
  • OMV shall be based on the valuation report prepared by AIA panel of valuers

 

Types of properties eligible for the Home Loan Malaysia

Completed residential properties

  • With Permanent Certificate of Completion & Compliance (CCC)
  • Landed – Klang Valley, Penang/Seberang Prai, Sg. Petani, Kulim, Parit Buntar, Seremban, Johor Bahru, Batu Pahat, Muar,
    Ipoh, Kampar, Taiping, Kuantan, Melaka Town, Kota Kinabalu and Kuching only.
  • Non-landed (ie. apartments, condominiums & townhouses) – Klang Valley, Penang, Ipoh, Melaka, Kuantan, Johor Bahru, Kota Kinabalu and Kuching only.

 

Under construction properties

Available within AIA’s approved list of panel of developers and projects.

Leasehold Properties

For leasehold land, the unexpired land lease must exceed 20 years upon maturity of the loan (for Peninsular Malaysia and Kota Kinabalu only).

 

Properties not eligible for the loan

  • Auction properties
  • Residential properties located at landslides/flood prone area/oxidation pond/power station
  • Residential at T-junction and native land
  • Leasehold properties with less than 30 years to expiry

Documents Required

Housing loan application

 

Other applicable fees and charges

Sales and Purchase Agreement

First RM150k: 1%
Subsequent up to RM1 mil: 0.7%
Subsequent up to RM3 mil: 0.6%
Subsequent up to RM5 mil: 0.5%
Subsequent up to RM7.5 mil: 0.4%

Refer to our list of panel lawyers

 

Stamp Duty for Sales and Purchase Agreement

First RM100k: 1%
Subsequent up to RM500k: 2%
Subsequent onwards: 3%

 

Loan Agreement

First RM150k: 1%
Subsequent up to RM1 mil: 0.7%
Subsequent up to RM3 mil: 0.6%
Subsequent up to RM5 mil: 0.5%
Subsequent up to RM7.5 mil: 0.4%

 

Stamp Duty for Loan Agreement

0.5% of the loan amount

 

Valuation

Refer to our panel list of valuers

 

Download the application form here and send it to:

Home Loan application form

 
 
  
 
KL Rose Agency
Suite 30-06, Capsquare Tower, Jalan Munshi Abdullah,
50450 Kuala Lumpur.
Email: klrose.chin@gmail.com
You can call us at +6012 212 8008 (hp) for further clarifications.

Contact us for more information

 

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