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AmBank Home Loan

  • icon Interest Rate
    Interest Rate
  • icon New Base Rate
    New Base Rate
    2.60 %
  • icon Loan Type
    Loan Type
    Flexi 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 AmBank Home Loan?

  • Attractive financing rates

  • Ibra’ (Rebate) for early settlement

  • Secured with our low ceiling rate upon the fluctuation of Base Rate

icon Eligibility

Loan Tenure: Up to 35 Years
Margin of Finance: 90% + 5% for MRTA financing with AmLife Insurance
Suitable for: Completed & under-construction properties, refinancing

Review by iMoney

  • There are various loan packages provided by AmBank to meet the different needs of prospective homeowners. a combination of term loans and overdrafts is AmBank's most popular product.HomeLink, a full-flexi home loan that connects to your current account allows you to lower interest charges and shorten the loan period if you frequently repay larger amounts into the account.

    AmBank also offers the My First Home Scheme which is designed to help youths earning less than RM3,000 a month to buy their first home. good credit report and banking habits g nice will help you get a lower interest rate offer from AmBank.

    AmBank home loans have a lock-in period of 5 years, making it one of the longest lock-in periods in the market. If you plan to complete the loan repayment within 5 years, you will be charged a penalty payment of up to 3% of your outstanding loan amount.

  • AmBank offers various home loan packages to meet the needs of different individuals in the form of HomeLoan, HomeLink and My First Home Scheme. The main features of each package are as below to facilitate your comparison.
    Products Key Features Is this the Flexi Package?
    HomeLoan
    • Combination of term loan and overdraft (subject to your choice)
    • Allows payments over installment value to lower interest
    • Withdrawal is allowed subject to prior notice to the bank and minimum withdrawal value
    No
    HomeLink
    • Flexi home loan connected to current account
    • Funds in a connected account will reduce interest charges and shorten the loan period
    Yes, Full-Flexi
    My First Home Scheme
    • Special for first time home buyers only
    • Malaysian citizens aged 35 years and below are eligible to apply
    • Financing margin up to 100%
    No
  • The Flexi home loan package allows borrowers to repay in excess each month in order to lower their monthly interest charges. This package comes with conditions and fees that need to be considered apart from its own benefits.
    Homelink
    Flexi Type Full-Flexi
    Is a Bank Account connect required? Yes
    Account Maintenance Fee RM10 per month
    Withdrawal Fee No
    Terms & Conditions of Production None
  • AmBank Housing Loan is open to all Malaysians and permanent residents as well as foreigners who have a work permit and the borrower must be of age at least 18 years old.
  • If you have applied for an AmBank Home Loan, you will be asked to provide some supporting documents for the processing of your application by the bank. The documents are as follows:

    • Application Form
    • Identity Card
    • Copy of Sales and Purchase or Booking Receipt or Letter of Offer from the developer
    • Copy of Individual Title Deed
    • Property Valuation Report (for completed properties)
    • Latest salary slip / voucher (3 consecutive months)
    • Latest Commission Statement (6 consecutive months)
    • Latest EPF Statement (3 consecutive months)
    • Latest EA Form
    • Latest Bank Statement (6 consecutive months)
    • Employment and Remuneration Confirmation Letter
  • You can use AmBank's home loan calculator to calculate your monthly repayment amount, based on the value of the dream property and the loan amount. When you are ready to apply, you can do a free inquiry through iMoney and we will contact you. Applying for a home loan through iMoney is free. If you are not sure whether a home loan from AmBank is the best option for you, click here to compare other home loans in Malaysia.

  • AmBank home loans can be paid through the following simple channels:

    Online Transfer
    : Transfer money from your AmBank Savings or Current Account to make payments online.

    MEPS
    : Pay off your loan through MEPS ATM machines (over 5,000 locations) nationwide.

    Interbank GIRO
    : Repay your loan via Interbank GIRO money transfer at a registered bank branch or through online banking.

    Standing Instruction Facility
    : Automatic deduction from your bank account every month.

    AmBank ATM Machine
    : Transfer money from your AmBank Savings or Current Account to make payment at all Ambank branches.

    Express Payment Machine
    : Make a cash deposit or check at an AmBank branch.

    Payment by Post
    : Post to AmBank your check and statement in a sealed envelope.

    Phone Banking
    : Provide instructions for deduction from your bank account to pay off the home loan via T-PIN.