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Kuwait Finance House Malaysia Murabahah Personal Financing-i Generic

  • icon Interest Rate
    Profit Rate
  • icon New Base Rate
    New Base Rate
    3.00 %
  • 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

Whats so great about Kuwait Finance House Malaysia Murabahah Personal Financing-i Generic?

  • Full suite of Shariah-compliant packages

icon Eligibility

Loan Tenure: Up to 35 Years
Margin of Finance: 90% + 5% for GMTT (Group Mortgage Term Takaful)
Suitable for: Completed homes, under-construction properties, refinance

Review by iMoney

  • Kuwait Finance House offers Shariah-compliant home financing packages targeted specifically for Islamic baking customers, such as Ijarah Muntahiah Bi Tamlik Asset Acquisition Financing-i, which can be set up as a combination of term loan and overdraft, and Ijarah Mausufah Fi Zimmah Asset Acquisition Financing-I, a variable rate Islamic home financing package, which is particularly designed for financing of under construction properties. Kuwait Finance House Home Loan entails a no lock-in period. The features of Kuwait Finance House’s home loan packages include a margin of financing of up to 90% + 5% Mortgage Reducing Term Takaful financing (MRTT) and a loan tenure of up to 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or until the borrower reaches the age of 70, whichever is earlier.
  • Kuwait Finance House provides Shariah compliant home financing packages to suit the needs of Islamic banking customers, in the form of Ijarah Muntahiah Bi Tamlik Asset Acquisition Financing-I and Ijarah Mausufah Fi Zimmah Asset Acquisition Financing-I. The table below summarises the key features of both packages.
    Product Key Features Is this a flexi package?
    Ijarah Muntahiah Bi Tamlik Asset Acquisition Financing-i
    • A combination of term loan and overdraft is available
    • Allows for payment in excess of instalment amount to reduce interest
    • Redraw facility available
    No
    Ijarah Mausufah Fi Zimmah Asset Acquisition Financing-i
    • Variable rate Islamic home financing package
    • For financing of under construction properties
    • Based on Ijarah Mausufah Fi Zimmah
    No
  • Borrowers must be aged 21 and above.
  • For the bank to process your Kuwait Finance House Home Loan application, you will need to provide some supporting documents such as: * 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
  • To determine your monthly loan instalment, you can utilize the Kuwait Finance House home loan calculator. Once you know a loan amount that suits your budget, you can apply through iMoney and our mortgage consultants will get in touch with you to assist you with your enquiries and application. If you are not sure whether this home loan by KFH is your best option, click here to compare other home loans in Malaysia.
  • Kuwait Finance house has a small network branch in Malaysia which makes it slightly more inconvenient to make repayments. The following methods can be used for repaying KFH home loans. Online Transfer : Transfer funds from your Kuwait Finance House 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 Kuwait Finance House Savings or Checking accounts to make your payment at all Kuwait Finance House branches Express Payment machine : Make a check or cash deposit at Kuwait Finance House branches Payment by Mail : Mail to Kuwait Finance House 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