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Interest Rate

4.30%

Monthly Repayment

RM1,237

1. I want to borrow
RM
2. For how long
years
Affin Bank Highlights
  • Full Flexi Packages
  • Best for loan amounts from RM500,000-RM600,000
Terms & Conditions
  • Minimum Age: 21 Years
  • Loan Tenure: Up to 35 Years
  • Margin of Finance: 90% + 5% for MRTA financing
  • Suitable for: Completed homes, under-construction properties, refinance

Is An Affin Bank Housing Loan Right For Me?

Affin Bank Housing Loans come with a lock-in period of 5 years, which is among the longest among banks in Malaysia. You can expect an early settlement penalty equal to 5% of the outstanding loan amount if you repay your loan or refinance within the first 3 years and 3% for the subsequent 2 years. As such, Affin Bank home loans are most suited for homebuyers that do not expect to refinance or sell their property for at least 5 years.

Affin Bank offers an innovative home loan package - Home Solution Plus which provides offers a term loan or flexi loan option, depending on your other financial goals. For those looking for more cash flexibility, the Home Flexi Plus package is a combination of a home loan and overdraft financing.

For those borrowing less than RM200,000, Home Assist Plus is Affin Bank’s best package. It also participates in the My First Home Scheme, so if you are a first time home buyer that is looking to get a 100% margin-of-financing loan, you may apply with Affin Bank. The interest on all Affin Bank’s home loans are calculated on a daily rest basis.

Outside of the My First Home Scheme, Affin Bank can provide a margin of financing up to 95% - 90% financing and an extra 5% to finance your MRTA policy. To be eligible, you have to choose an MRTA policy from AXA Insurance. Applicants may borrow for a maximum loan period of 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or up to age 75, whichever comes earlier.

Affin Bank Mortgage Packages

Affin Bank comes with 4 mortgage packages to suit various individual needs in the form of Home Solution Plus, Home Flexi Plus, Home Assist Plus and My First Home Scheme. The key features of each package are highlighted by us for your comparison:

Product Key Features Is this a flexi package?
Home Solution Plus
  • Save more with interest calculated on daily basis
  • Allows for payment in excess of instalment amount
  • For all properties valued at RM200,000 and above
Yes (term loan option available)
Home Flexi Plus
  • Save more with interest calculated on daily basis
  • Allows for payment in excess of instalment amount
  • Overdraft facility of up to 70% of loaned amount
No
Home Assist Plus
  • Save more with interest calculated on daily basis
  • Allows for payment in excess of instalment amount
  • Only for properties from RM100,000 to RM200,000
Yes, full flexi
My First Home Scheme
  • For first time home buyers only
  • Applicable by Malaysians aged 35 and below
  • For individuals with monthly income RM5,000 and below
No

Details of Affin Bank’s Flexi Home Loan Packages

Flexi home packages allow borrowers to make extra repayments every month in order to reduce their monthly interest charges. These packages come with requirements, fees and conditions that should be considered alongside their benefits.

Home Solution Plus Home Assist Plus
Flexi type Full-Flexi Full-Flexi
Is a linked bank account required? Yes Yes
Account Maintenance Fees Yes Yes
Redrawal Fees RM25 RM25

Am I Eligible for an Affin Bank Housing Loan?

Regardless whether you are a Malaysian citizen or not, you are eligible for this mortgage if you are at least 18 years old and looking to get a property worth at least RM100,000. For Home Solution Plus, there is a minimum property value of RM200,000 and a minimum loan amount of RM100,000.

What Documents Will I Need to Prepare?

If you have applied for an Affin Bank mortgage, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

  • Application Form
  • NRIC / Identity Card
  • Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer
  • Copy of Individual Title Deed
  • Property Valuation Report (for completed properties)
  • Latest 3 consecutive months of salary slips / vouchers
  • Latest 6 consecutive months of commission statement
  • Latest EPF statements (with 3 consecutive months or more transaction history)
  • Latest EA form
  • Latest 6 months Bank Statement
  • Letter of Confirmation of Employment and Remuneration

Sounds Great! How Should I Proceed?

You can use the Affin Bank home loan calculator to calculate your monthly repayments, based on your desired property value and loan amount. Once you are ready to apply, you can make a free enquiry through iMoney, and we will call you back. Applying for a home loan with iMoney is absolutely free of charge.

If you are not sure whether this home loan by Affin Bank is your best option, click here to compare other home loans in Malaysia.

Is It Easy to Repay my Affin Bank Mortgage?

Some of the ways you can repay your Affin Bank Housing Loan include:

Online Transfer
Transfer funds from your Affin Bank Savings or Checking accounts to make your payments online
MEPS
Pay your loans at any of the MEPS ATMs (over 5,000) nationwide
Interbank GIRO
Pay your loans through the Interbank GIRO fund transfer at the participating bank’s branch or through online banking
Standing Instruction Facility
Automatic deduction from your bank account every month
Affin Bank ATMs
Transfer funds from your Affin Bank Savings or Checking accounts to make your payment at all Affin Bank branches
Express Payment machine
Make a check or cash deposit at Affin Bank branches
Payment by Mail
Mail to Affin Bank with your check and statement enclosed in an envelope
Phone Banking
Issue instructions to have your bank account deducted to pay for your home loan with your T-PIN


If you are looking for other home loans, you may also consider
AIA
The home loan rate from AIA starts from BLR-2.35%. It does not come with the option of a flexi loan package and there is a maximum of 90% margin of financing. There is a 5 year lock-in period for this home loan.
Bank Islam
Bank Islam provides a housing loan rate starting from BLR-2.5%. The option of a flexi loan package is not available and there is a maximum of 90% margin of financing. The lock-in period for this housing loan is 5 years.
Maybank
At Maybank, the mortgage rate starts from BLR-2.4%. It does come with the option of a flexi loan package and there is a maximum of 90% margin of financing. There is a 3 year lock-in period for this mortgage.
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