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Interest Rate

4.95%

Monthly Repayment

RM1,334

1. I want to borrow
RM
2. For how long
years
AmBank Highlights
  • Full Flexi Packages
  • Best for loan amounts from RM300,000-RM600,000
  • Risk-based Pricing: Better rates for good credit borrowers
Terms & Conditions
  • Minimum Age: 21 Years
  • Loan Tenure: Up to 35 Years
  • Margin of Finance: 90% + 5% for MRTA financing with AmLife Insurance
  • Suitable for: Completed & under-construction properties, refinancing

Is an AmBank Home Loan Right for Me?

A wide range of loan packages are provided by AmBank to cater to the different requirements of prospective homeowners. The Home Loan, which can be set up as a combination of term loan and overdraft, is AmBank’s most popular product. This means that with AmBank housing loan, you can withdraw extra money that you have paid onto your mortgage, thus allowing you to get more cash whenever you need it! You can also opt for an additional 5% that will go towards legal fees, valuation fees and MRTA when you apply this AmBank housing loan.

The other type of AmBank housing loan, HomeLink, a full-flexi home loan that is linked to your current account allows you to reduce your interest charges and shorten your loan tenure by making regular extra repayments into the linked account. AmBank also offers the Skim Rumah Pertamaku (My First Home Scheme), which is designed to assist young adults earning less than RM3,000 per month to purchase their first home. The more funds in your account, the greater the savings on loan interest. You can also withdraw instant cash via ATM or cheque book by this AmBank housing loan. For those who have a variable income, such as self-employed businessman or commission-based employee, this AmBank housing loan product (AmBank HomeLink) might be suitable for you.

AmBank also offers the Skim Rumah Pertamaku (My First Home Scheme), which is designed to assist young adults earning less than RM3,000 per month to purchase their first home. The major risk of this AmBank housing loan is the interest rate may change according to changes in Base Rate (BR). If you have problems meeting your loan obligations, you may contact AmBank to discuss repayment alternatives.

AmBank applies risk-based pricing to individual customers, which means that the interest rate offer to each customer is customised to reflect the risk profile of each application. Good credit standing, good banking habits will help get you a lower interest rate offer from AmBank.

AmBank housing loan is a mortgage based on a floating interest rate. AmBank Home Loan has a lock-in period of 5 years – one of the longest lock-in periods in the market. If you sign up for any AmBank housing loan products, you need to be consistent and fully committed. If you plan to settle early and complete your loan repayment in 5 years, you will face a penalty payment of up to 3% on your outstanding loan amount. Understand all the fees and charges when you enquire about any AmBank housing loan. If you are well prepared and well-informed, AmBank housing loan products will definitely provide you the best options to choose from.

AmBank Home Loan Packages

AmBank offers an array of home loan packages to suit various individual needs in the form of Home Loan, HomeLink and My First Home Scheme. The key features of each package are highlighted below for your comparison.

Product Key Features Is this a flexi package?
HomeLoan
  • A combination of term loan and overdraft (optional)
  • Allows for payment in excess of instalment amount to reduce interest
  • Redrawal is possible subject to prior notice to banks, and a minimum redrawal value
No
HomeLink
  • Flexi home loan linked to current account
  • Funds in linked account will reduce interest and shorten loan period
Yes, full-flexi
Skim Rumah Pertamaku (My First Home Scheme)
  • For first time home buyers only
  • Applicable to Malaysians aged 35 and below
  • Margin of financing up to 100%
No

Details of AmBank’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.

Homelink
Flexi type Full-Flexi
Is a linked bank account required? Yes
Account Maintenance Fees RM10 per month
Redrawal Fees No

Am I Eligible for an AmBank Home Loan?

AmBank Home Loan is open to Malaysians and Permanent Residents, and foreigners with a valid Malaysian work permit and a minimum age of 18 years.

What Documents Will I Need to Prepare?

If you have applied for an AmBank Home Loan, 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 AmBank 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 AmBank is your best option, click here to compare other home loans in Malaysia.

Is It Easy to Repay my AmBank Home Loan?

AmBank home loans can be conveniently repaid through any of the below methods:

Online Transfer
Transfer funds from your AmBank 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
Citibank ATMs
Transfer funds from your AmBank Savings or Checking accounts to make your payment at all Citibank branches
Express Payment machine
Make a check or cash deposit at AmBank branches
Payment by Mail
Mail to AmBank 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
Kuwait Finance House Home Loan
At Kuwait Finance House, the home loan rate starts from Base Rate (BR) 2.96%. There is no option of a flexi loan package available for this loan and there is a maximum of 90% margin of financing. There is a 5 year lock-in period for this home loan.
Public Bank Home Loan
Public Bank provides a housing loan rate starting from Base Rate (BR) 3.65%. There is available the option of a flexi loan package for this loan and there is a maximum of 90% margin of financing. The lock-in period for this housing loan is 3 years.
RHB Islamic Bank Home Loan
The mortgage loan rate from RHB Islamic Bank starts from Base Rate (BR) 4.00%. The option of a flexi loan package is available and there is a maximum of 90% margin of financing. The lock-in period for this mortgage is 3 years.
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