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Wahdah Financial Consolidation Plan
Wahdah Home Refinancing-i Facility is a comprehensive financing product designed to relieve you and your financial commitments.
The Wahdah plan offers you the opportunity to settle the remainder of your debt in accordance to Shariah principles, at a fixed or flexible monthly installment for the duration of the tenure, whichever suits you best. And on top of that, we grant you the benefit of up to 90% of the appreciation value of your home, giving you extra cash for personal use.
FEATURES
Margin of Financing
Financing Tenure
- Up to 40 years or age 65, whichever is earlier
Financing Rate
- Competitive financing rates
Processing Fees
Security Deposit
Eligibility
- Malaysian citizen or permanent resident. Fixed income earner and not a bankrupt and judgement debtors.
- Monthly payment must not be more than 40% of gross salary
- Total deduction must not be more than 75% from gross salary
Takaful Coverage
- 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
Documents Required
- Identity card
- Latest 3 months salary slip
- Employer’s confirmation letter
- Form J/EA
- Latest EPF Statement
- Sale & Purchase Agreement
- Valuation Report
- Grant Title
- Latest 6 months bank loan/financing statement
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
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Zero Entry Cost (ZEC)
- The Bank will absorb any cost related to the refinancing facility such as legal fees, stamp duty and valuation fees.
BENEFITS
- Selling price is known and easy to plan for the future
- Early settlement is entitled to rebates
- No other/extra charges
- Payment method - Fixed or flexible monthly installment
* Subject to terms & conditions
The above information is correct on the date of printing
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