Standard Chartered Malaysia Saadiq My Home-i

In terms of pricing, Standard Chartered Saadiq is most competitive for properties and loan amounts exceeding RM600,000. Standard Chartered Saadiq offers two Sharia compliant home financing package based on the concept of Diminishing Musyarakah, which is the diminishing partnership via leasing. The My Home-i package is a no-frills Islamic term loan with which you will enjoy stamp duty remission for new purchases and full stamp duty waiver when you refinance from a conventional home loan. The My HomeOne-I package is a full-flexi home financing that is combined with a current account and gives you the flexibility to save on financing costs by depositing your surplus cash. Standard Chartered Saadiq also provides a ceiling rate protection for both the home loan packages, thus shielding you from some Base Financing Rate fluctuations and protecting you from rising financing rates. Standard Chartered Saadiq Home Loan has no lock in period, which is the best you can get compared to other home loan products. That means that you can repay your loan as soon as you like without having to pay an early settlement fee.

We highlight the key features of both Standard Chartered Saadiq home loan packages in the table below for your comparison.

Product	Key Features	Is this a flexi package?
My Home-i	Islamic home financing package based on concept of Diminishing Musharakah Stamp duty waived when refinancing from conventional loan Ceiling rate protection guards borrowers	No
My HomeOne-i	Combines a home financing facility with an easy-to-use current account (Mudharabah Account), giving you flexibility to control your finances Ceiling rate protection guards borrowers from BR fluctuations Save on financing costs simply by depositing your surplus cash	Yes, full-flexi

Every month, borrowers can make extra repayments to reduce the monthly interest charges on their home loans through flexi home packages. Flexi home packages come with requirements, fees and conditions that a borrower should thoroughly consider besides the benefits.

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

You will need to provide some supporting documents for your Standard Chartered Saadiq Home Loan 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

Home loan application through iMoney is free of charge. To begin, you can use the Standard Chartered Saadiq home loan calculator to calculate your monthly loan repayment. Once you have found the loan amount that you are comfortable with, you can apply through iMoney for a free enquiry and our mortgage consultants will assist you with all your enquiries. If you are not sure whether this home loan by Standard Chartered Saadiq is your best option, click here to compare other home loans in Malaysia.

Standard Chartered Saadiq offers a number of convenient repayment options for the benefit of home loan borrowers. Online Transfer : Transfer funds from your Standard Chartered Saadiq Bank 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 Standard Chartered Saadiq ATMs : Transfer funds from your Standard Chartered Saadiq Savings or Checking accounts to make your payment at all Standard Chartered Saadiq branches Express Payment machine : Make a check or cash deposit at Standard Chartered Saadiq branches Payment by Mail : Mail to Standard Chartered Saadiq 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