| Home Financing |
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Baiti Home Financing
Baiti Home Financing- i is a financing based on the Bai´ Bithaman Ajil (BBA) contract, a method of sale with a deferred payment plan (monthly installment). It can reduce your risks against interest, fluctuations and other risks you can do without. Baiti Home Financing-i enables you to own your dream home. Baiti Home Financing-i allows financing for Long-Term House Owners Takaful and Takaful Mortgage Plan.
FEATURES
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| Margin of Financing |
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Up to 100% |
| Payment Period |
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Up to 30 years |
| Payment Holiday |
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- Payment Holiday gives customers the option to skip payment installment for the month of November and December annually.
- Payment Holiday is introduced as we are empathy towards customers financial needs as November and December are period where spending is high.
Click here for details |
| Financing Rate |
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Fixed and competitives |
| Processing Fees |
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Waived |
| Security Deposit |
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None |
| Eligibility |
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Resident/Non Resident |
| Takaful Coverage |
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- Long Term House Owner's Takaful - to protect your home from a wide range of disasters throughout the financing duration.
- Takaful Mortgage Plan - to guarantee payment of outstanding financing in the event of death or permanent disablement
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| Documents Required |
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- Photocopy of identity document (ID)
- Latest 3 months salary slip
- Employer’s confirmation letter
- J/EA Form / Latest EPF Statement
- S&P Agreement or Letter of Offering from Developer
- Latest EPF Statement
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| Benefits |
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- Selling price is known and easy to plan for the future
- Early settlement is entitled to rebates
- Payment method - Fixed or stepped-up monthly installment
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* Subject to terms & conditions
The above information is correct on the date of printing
BAITI CAKNA HOME FINANCING- i
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| Margin of Financing |
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Higher financing up to 110%* |
| Payment Period |
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Longer financing period up to 40 years* |
| Financing Rate |
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Competitive profit rate from as low as 2% for 1st year, 4% for 2nd year and from 6.2% from 3rd year onwards*
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Fixed Rate as low as |
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Year 1 |
2% |
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Year 2 |
4% |
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Year 3 & Onwards |
6.2% | Floating Rate: BFR -1.3% |
|
Payment Holiday |
|
- Payment Holiday gives customers the option to skip payment installment for the month of November and December annually.
- Payment Holiday is introduced as we are empathy towards customers financial needs as November and December are period where spending is high.
Click here for details |
| Benefits |
|
- Selling price is known and easy to plan for the future
- Pre-approved Bank Islam Card with annual fee waived for the whole financing period*
- Free legal fee and stamp duty*
- Joint application (parent/ children)
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* Subject to terms & conditions
The above information is correct on the date published
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