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AIA Fixed Rate Mortgage

  • icon Interest Rate
    Interest Rate
  • icon New Base Rate
    New Base Rate
    4.99 %
  • icon Loan Type
    Loan Type
    Term Loan
  • icon Lock in Period
    Lock in Period
    5 years

icon New Base Rate Home Loan Calculator

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

Whats so great about AIA Fixed Rate Mortgage?

  • Best Fixed Rate Home Loan

  • Fixed repayments despite BR changes

  • Competitive Tiered Fixed Rates

  • Suitable for Debt Consolidation and refinancing

  • Zero Moving Cost Package available

icon Eligibility

Loan Tenure: Up to 35 Years
Margin of Finance: 90% including MRTA financing with AIA Insurance
Suitable for: Completed homes, under-construction properties, refinancing

Review by iMoney

  • AIA offers three fixed rate home loan packages that aim to safeguard you against increasing interest rates. Fixing monthly repayments enable effective financial planning, and eliminates the financial stress that can come with fluctuations in the BR. AIA offers you different types of fixed home loan packages to cater different individual needs. With the AIA Home Loan Package 1 you get a fixed interest rate of 4.99% p.a. through out the loan period, while AIA Fixed Home Loan Package 2 offers a fixed interest rate of 5.39% p.a. but is a zero moving cost package which finances all legal and insurance fees so that your upfront costs are lower. The third AIA fixed home loan package offers interest rate at 4.39% p.a. for the first 2 years and 5.15% p.a. thereafter. The minimum loan amount to be taken out with AIA is RM100,000. All home loan packages are available for financing of under-construction property, sub-sales, refinancing of unencumbered property. AIA fixed home loans also allow top up borrowing when refinancing to consolidate other debts (including car loans and unsecured debt). AIA Home Loans come with a lock in period of 5 years and a penalty fee of up to 3.5% on your outstanding loan amount if you refinance or complete your loan repayment within this period. However, if you sell your property within the lock-in period, the early settlement fee will not apply. This is a unique feature of AIA fixed home loans in the market, thus making AIA Home Loan especially attractive for property investors. With an AIA home loan you can get a margin of financing of up to 90% and maximum loan tenure of up to 35 years or until the borrower is 70 years of age, whichever comes first. AIA offers MRTA, which can be financed into the loan, but only up to a margin of finance limit of 90%. This differs from most banks, which allow a margin of finance limit of 90+5% when bundled with MRTA.

  • AIA offers three no-frills basic home loan packages with different fixed interest rates to suit different individual property financing needs. In order for you to find out whether the AIA Home Loan is the right home loan for you, we highlighted the main product features of all three packages in the table.

    Product Key Features Is this a flexi package?
    AIA Home Loan Package 1
    • 4.99% p.a.
    • Non Zero Moving Cost Package
    No
    AIA Home Loan Package 2
    • 5.39% p.a.
    • Zero Moving Cost Package
    No
    AIA Home Loan Package 3
    • 4.39% p.a. (for the first 2 years)
    • 5.15% p.a. (thereafter)
    • Terms & Conditions Apply
    No
  • AIA home loans are open for all applicants, residents as well as non-residents who are at least 18 years old. For applicants age 23 and below, an older co-applicant is required.
  • Your AIA Home Loan application will need to be accompanied by some supporting documents to allow the bank to process your mortgage applications. Some of these documents are: * 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
  • Our AIA home loan calculator will allow you to calculate the monthly loan repayments needed for the loan amount you wish to take for your desired property. After that, you can proceed to apply through iMoney for a free consultation. If you are not sure whether this AIA home loan is your best option, click here to compare other home loans in Malaysia.
  • Cash or NETS : You may pay by cash or NETS personally at the AIA Customer Service Centre Online Transfer : Pay your loan via Internet Banking, if you have signed up for the Internet Banking service with any of the following banks: DBS, OCBC, UOB, Citibank, HSBC or Standard Chartered Bank. MEPS : Pay your loans at any of the MEPS ATMs (over 5,000) nationwide Interbank GIRO : Sign up for automatic payment from your bank account through GIRO. It is a convenient way to pay your loans. vPOST : You may sign up for electronic payment via www.vpost.com.sg. Deductions from your bank account will be effected when vPOST receives your payment instruction. Cheque or Bank Draft : Cheques or bank drafts should be crossed and made payable to AIA Malaysia Private Limited.