Property Financing-i (Tawarruq) – Baiti Home Financing-i

Home is where the heart is. Getting your dream is just a few steps away. Let us help you realise your dream home into a reality with our attractive financing terms with our Baiti Home Financing-i Facility.

Apply now  
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or contact our Call Center at 03-26 900 900.

Benefits & Features
  • Under construction / completed house
  • High Margin of financing up to 90% excluding:
    • Mortgage Reducing Term Takaful (MRTT) / Mortgage Level Term Takaful (MLTT) – (compulsory)
    • HOT (Houseowner/Householder Takaful Plan) – (if applicable)
    • Stamp Duty
    • Legal Fees
    • Valuation Fees
  • Financing Tenure of up to 35 years or age 70, whichever is earlier
  • No lock-in period
  • No compounding elements
  • No processing fee
  • No penalty for early settlement

    Property Value

    Current Standardised Base Rate (SBR) is 3.00% per annum effective 5 May 2023)
    • RM100K to less than RM250K

      • AND

    • Property value > RM2.0M
    		 As low as SBR + 1.35% p.a. (EPR = 4.35% p.a.)
    RM250K to RM2.0M As low as SBR + 1.15% p.a (EPR = 4.15% p.a.)

    Note: Please refer to the nearest branch for property value other than above.


    Eligibility criteria
    • Malaysian Citizen
    • Age 18 and above
    • Not a bankrupt or have any legal action
    • Gainfully employed or Profitable business for at least 3 years
    • Minimum 1 year good payment track record
    Required document
    • Photocopy of identity card
    • Sales & Purchase Agreement
    • For salary earners:
      • Latest 3 months salary slips
      • Latest 3 months salary crediting account statements
      • Employer’s Confirmation Letter
      • Annual Income Statement/ BE Form / EPF statement
      • Any other supporting income documents
    • For Self Employed / Businessmen:
      • Company / Business Registration
      • Latest 6 months Bank Statements
      • Latest 3 years Financial Statements
      • Latest B Form
      • Any other supporting income documents

       

    Product Disclosure Sheet Baiti Home Financing-i effective on 30 January 2023
    Product Disclosure Sheet Baiti Home Financing-i effective on 30 January 2023 (Malay Version)
    Please click here for e-Flyer
    Click here for more information

    SJKP Housing Scheme

    Benefits & Features
    • This scheme is to cater the purchasing under construction low cost, low medium cost or medium cost houses up to RM300,000
    • Margin of financing up to 100% including Takaful
    • Profit Rate as low as SBR + 3.28 p.a. (EPR = 6.28% p.a.)
      (Current Standardised Base Rate (SBR) is 3.00% per annum effective 5 May 2023)
    Eligibility criteria
    • Malaysian citizen
    • Age 18 to 65 years old
    • Not a bankrupt or have any legal action
    • Self employed or without any fixed monthly income who has the capacity and capability to pay but unable to provide proof of income i.e. payslips

    Or

    • Fixed income earner with minimum monthly income of RM1,000 and with capacity to pay the monthly installments
    • Those with fixed monthly income of less than RM1,000 must have additional source of Non-Fixed income totaling of RM1,000 and with capacity to pay the month installments, primary for purchasers of housing develop by companies related of States/Federal government
    • First house financing for own occupancy
    • Customer must reside within 20 KM radius from the processing branch (unless prior approval obtained from SJKP)

     

    Required document

     

    • Photocopy of identity card
    • Sales & Purchase Agreement
    • For Self-employed / Businessmen:
      • Company / Business Registration
      • Income must be verified and confirmed by Village Headsman (Penghulu / Penggawa) or JKKK or Government Officer Category A
      • Latest 6 months Bank Statements
    • For fixed income earner:
      • Latest 3 months salary slips
      • Employer’s Confirmation Letter
      • Annual Income Statement
    Click here for more information

    Bank Islam – LPPSA Scheme

    Benefits & Features
    • Under construction / completed property
    • Financing Up to 40% of the SPA price or Current Market Value
    • Financing for:
      • MRTT (Mortgage Reducing Term Takaful) / MLTT (Mortgage Level Term Takaful) – Compulsory
      • Stamp Duty
      • Legal Fees
    • Tenure Maximum 35 years or age 70, whichever is earlier
    Special Condition
    Property Category
    • Landed or Non-Landed with Individual Tile of Strata. Properties under Master Title is Not Eligible
    Documentation Solicitor
    • To choose the same solicitor with LPPSA
    • To ensure LPPSA solicitor is on our panel
    Eligibility Criteria
    • Malaysian citizen
    • Spouse or Children of government staff or the government staff him/herself
    • Applicant must be one of the purchasers in the Sales Purchase Agreement
    Required Document
    • As per Baiti Home Financing-i
    Additional Documents
    • Letter of Offer (LO) from LPPSA
    • ‘Laporan Nilaian Pinjaman Perumahan’ from JPPH