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Affin Bank Home Loan

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

icon New Base Rate Home Loan Calculator

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

What's so great about Affin Bank Home Loan?

  • Full Flexi Packages

  • No early settlement charges

icon Eligibility

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

Review by iMoney

  • 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 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
  • Borrowers are allowed to make additional monthly home loan repayments through the flexi home packages to reduce the monthly interest charges that their home loan will incur. A borrower should consider the benefits together with the requirements, fees and conditions that come with these packages.
    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
  • 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.
  • You will need to provide some supporting documents for your Affin Bank mortgage in order to allow the bank to process your home loan 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
  • Affin Bank home loan calculator can be used to calculate your monthly loan repayments to determine a suitable loan amount for your desired property value. Once you have identified the suitable amount, you can make a free enquiry through iMoney and our mortgage consultants will call you back. Home loan application with iMoney is totally free. 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.

  • 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