AFFIN ISLAMIC Logo

Affin Islamic Bank Home Financing-i

  • icon Interest Rate
    Profit Rate
  • icon New Base Rate
    New Base Rate
    2.70 %
  • icon Loan Type
    Loan Type
    Term Loan
  • icon Lock in Period
    Lock in Period
    None

icon New Base Rate Home Financing Calculator

RM
year(s)
Profit Rate
You Pay
RM /mth

What's so great about Affin Islamic Bank Home Financing-i?

  • Full Flexi Packages

  • No early settlement charges

icon Eligibility

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

Review by iMoney

  • 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 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
  • 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.

  • 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.
  • 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
  • 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.

  • 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