• Interest Rate (p.a)

    4.70%

  • New Base Rate

    4.1%

  • Loan Type

    Term Loan

  • Lock in Period

    None

Loan calculator
Loan amount

RM

Loan Tenure (years)
Interest Rate (p.a)

4.70%

Monthly Repayment

RM2,593

Whats so great about AFFIN ISLAMIC Home Loan?
  • 3 - 5 years Lock-in Period
  • 20% stamp duty exemptions

Eligibility

Tenure: Up to 35 Years
Margin of Finance: Up to 90% + 5% for MRTT
Suitable for: Completed homes, under-construction properties, refinance

Product Review by iMoney

Is An AFFIN ISLAMIC Home Financing Right For Me?

AFFIN ISLAMIC Home Financing packages come with a lock-in period of 3 to 5 years depending on the package. It is suitable for acquisition of residential property (completed and under construction), refinance (completed only) and sub sale. AFFIN ISLAMIC offers two innovative home financing packages - Home Invest-i and Home Assist Plus-i. Both packages are part of a new financing product based on Musharakah Mutanaqisah (MM) or Diminishing Partnership. For those intending to finance less than RM200,000, Home Assist Plus-i from AFFIN ISLAMIC would be the ideal package. The offer includes up to 95% margin-of-financing packages, inclusive of 5% Mortgage Reducing Term Takaful (MRTT) financing. The profit rate on all AFFIN ISLAMIC’s home financing packages are calculated on a daily rest basis. For property value of RM200,000 and above, you may apply Home Invest-i, and get up to 95% margin-of-financing packages, inclusive of 5% MRTT financing. Applicants may apply for a maximum financing period of 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or up to age 70, whichever comes earlier.

AFFIN ISLAMIC Home Financing Packages

AFFIN ISLAMIC comes with two home financing packages to suit various individual needs in the form of Home Invest-i and Home Assist Plus-i. The key features of each package are highlighted here:
Product Key Features Is this a flexi package?
Home Invest-i
  • Allows more savings with profit calculated on daily basis
  • Allows for payment in excess of instalment amount
  • For all properties valued at RM200,000 and above
  • 20% discount on stamp duty
No
Home Assist Plus-i
  • Allows more savings with profit calculated on daily basis
  • Only for properties valued between RM100,000 and RM200,000.
  • 20% discount on stamp duty
No

Details of AFFIN ISLAMIC’s Flexi Home Financing Packages

AFFIN ISLAMIC does not offer Flexi Home Financing Package for Home Invest-i and Home Assist-i. However, AFFIN ISLAMIC offers flexible redraw facility when funds are needed.

Am I Eligible for AFFIN ISLAMIC Home Financing?

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

What Documents Will I Need to Prepare?

If you have applied for an AFFIN ISLAMIC home financing, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below: * NRIC / Identity Card * Latest 3 consecutive months of salary slips / vouchers * Latest 3 months Bank Statement (where salary is credited) * Latest BE/EA Form * Booking or Downpayment or Original Sale and Purchase Agreement * Title Deed (if applicable) * Six months financing statements from existing bank for refinancing * Latest EPF Statement * Employment Letter from employer addressed to Affin Islamic * Duly completed Application Form For Self-Employed: * Business Registration Form * Latest 6 months Business Account Statements/ Personal Account Statements * Latest Borang B / E-Filing supported by tax payment receipt * Latest Profit & Loss Account or Management Account

Sounds Great! How Should I Proceed?

You can use the AFFIN ISLAMIC home financing calculator to calculate your monthly payments, based on your desired property value and financing 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 financing package with iMoney is absolutely free of charge. If you are not sure whether this package by AFFIN ISLAMIC is your best option, click here to compare other home financing in Malaysia.

Is It Easy to Pay my AFFIN ISLAMIC Home Financing?

Some of the ways you can pay your AFFIN ISLAMIC home financing include: Online Transfer : Transfer funds from your AFFIN ISLAMIC Current / Savings Account-i to make your payments online MEPS : Pay at any of the MEPS ATMs (over 5,000) nationwide Interbank GIRO : Pay 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 AFFINBANK / AFFIN ISLAMIC ATM's : Transfer funds from your AFFINBANK / AFFIN ISLAMIC Current / Savings-i accounts to make your payment at all AFFINBANK / AFFIN ISLAMIC Bank branches Express Payment machine : Make a check or cash deposit at AFFINBANK / AFFIN ISLAMIC Bank branches Payment by Mail : Mail to AFFINBANK / AFFIN ISLAMIC Bank branches with your check and statement enclosed in an envelope Phone Banking : Issue instructions to have your bank account deducted to pay for your home financing with your T-PIN
If you are looking for other home loans, you may also consider
AIA Home Loan : The home loan rate from AIA starts from 4.99%. 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 Home Loan : Bank Islam provides a housing loan rate starting from Base Rate (BR) 3.90%. 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 Home Loan : At Maybank, the profit rate starts from Base Rate (BR) 3.20%. 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 home financing.