• Interest Rate (p.a)


  • New Base Rate


  • Loan Type

    Flexi Loan

  • Lock in Period


Loan calculator
Loan amount


Loan Tenure (years)
Interest Rate (p.a)


Monthly Repayment


Whats so great about OCBC Al-Amin Home Loan?
  • Choice of lock-in and no lock-in packages
  • Excellent after sales service
  • Daily rest calculated based on 365 days to reduce interest repayments


Loan Tenure: Up to 35 Years
Margin of Finance: 90% + 10% for legal & MRTT financing with Great Eastern Insurance
Suitable for: Completed & under-construction properties, refinancing

Product Review by iMoney

Is an OCBC Al-Amin Home Loan Right for Me?

OCBC Al-Amin has one flagship Islamic Home Financing product, the Manarat Home-I package, which offers borrowers a Shariah-compliant alternative to OCBC’s conventional home loan packages. Manarat Home-i gives borrowers the flexibility of choosing between fixed+floating or pure floating packages. For its floating packages, Al-Amin’s interest rates are on par with that of OCBC’s conventional home loans. Therefore, Islamic borrowers can be assured that they are getting a competitive home loan offer. The Home Manarat-i package is a semi-flexi home loan that offers lock-in flexibility. Lock-in is optional, with non-lock-in packages prices slightly higher than packages with a lock-in period. If you do not intend to refinance or sell the property within 3 years, having the lock-in period should be considered. After all, the optional lock-in period of 3 years is still relatively low when comparing across all Malaysian banks. For loans with an attached lock-in period, a 3% early settlement penalty, based on the outstanding loan amount applies when the property is sold/ refinanced within 3 years. OCBC holds to leading customer service practices, which emphasises quick customer response via its highly-accessible hotline, and follow-on home improvement loan offers for its home loan customers. Borrowers are entitled to borrow for home renovation works, with loan amounts up to 30% of property value, should they want to during the home loan tenure. OCBC Al-Amin’s products are fully Shariah-compliant. Manarat Home-i is based on the concept of Musharakah Mutanaqisah (Diminishing Partnership) and Ijarah Muntahiah bi Al-Tamlik whereby the bank purchases the property from the customer and rents it back to the customer, which is subsequently sold to the customer at the end of the financing tenure at nominal value. Al-Amin provides a margin of financing of up to 100% and can be granted for loan tenure of up to 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or 70 years of age whichever is earlier. Interest of OCBC Al-Amin home loans is calculated daily.

OCBC Al-Amin Home Loan Packages

The home loan package Manarat Home-i offered by OCBC Al-Amin is compliant with Sharia principles. Depending on your individual needs you can choose a fixed or floating rate loan. The key features of Manarat Home-i are summarized below.
Product Key Features Is this a flexi package?
Manarat Home-i
  • Islamic home financing package with choice of fixed or floating rate
  • Margin of financing up to 100%
  • Allows for financing of legal fees, stamp duty and Takaful premium
  • Allows for financing of legal fees, stamp duty and Takaful premium
Yes, semi-flexi

Details of OCBC Al-Amin’s Flexi Home Loan Packages

Borrowers can make additional monthly repayments through flexi home packages to reduce the monthly interest charges on their home loan. Requirements, fees and conditions usually come with these packages that needs to be considered together with the benefits.
Manarat Home-i
Flexi type Semi-flexi
Is a linked bank account required? No
Account Maintenance Fees No
Redrawal Fees RM10
Redrawal Terms & Conditions RM10

Am I Eligible for an OCBC Al-Amin Home Loan?

OCBC Al-Amin Home Loan is available for all individuals, joint applicants, residents and non-residents. There is a minimum age requirement of 21 years.

What Documents Will I Need to Prepare?

To allow your OCBC Al-Amin Home Loan application to be processed by the bank, you will need to provide a few supporting documents: * 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?

By taking your desired property value and loan amount, you can use the OCBC Al-Amin home loan calculator to calculate your monthly repayments. Once you have identified the housing loan amount that fits your budget, you can apply through iMoney and our mortgage consultants will assist you with the loan application process. If you are not sure whether this home loan by OCBC Al-Amin is your best option, click here to compare other home loans in Malaysia.

Is It Easy to Repay my OCBC Al-Amin Home Loan?

OCBC Al-Amin does not have as extensive a branch network as many local banks. However, there are many other payment methods that do not require the borrower to walk into a branch. Be mindful that OCBC only offers loans for properties located in townships and cities where there is a branch present. Online Transfer : Transfer funds from your OCBC Al-Amin 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 OCBC Al-Amin Savings or Checking accounts to make your payment at all Citibank branches Express Payment machine : Make a check or cash deposit at OCBC Al-Amin branches Payment by Mail : Mail to OCBC Al-Amin 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
Public Islamic Bank Home Loan : The mortgage rate from Public Islamic Bank starts from Base Rate (BR) 3.65%. 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. RHB Home Loan : RHB Bank provides a housing loan rate starting 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. There is a 3 year lock-in period for this housing loan. Affin Bank Home Loan : At Affin Bank, the home loan rate starts from Base Rate (BR) 3.99%. There is available the option of a flexi loan package and a maximum of 90% margin of financing. There is a 5 year lock-in period for this home loan.