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

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.

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


Benefits & Features
  • Under construction / completed house
  • Refinancing only for completed property
  • High Margin of financing up to 90% excluding:
    • Mortgage Reducing Term Takaful (MRTT) / MLTT (Mortgage Level Term Takaful) – (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

    Property Value

    Profit Rate as low as BR + 0.73% p.a. EPR = 3.25% p.a. (Current Base Rate (BR) is 2.52% per annum effective 10 July 2020)

    • RM100K to less than RM250K
    • AND

    • Property value > RM1.5M
    As low as BR + 0.83% (EPR = 3.35% p.a.)
    RM250K to RM1.5M As low as BR + 0.73% (EPR = 3.25% p.a.)

Eligibility criteria
  • Malaysian Citizen
  • Age 25 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
    • Last 6 months’ Bank Statements
    • Latest 3 years Financial Statement
    • Latest B Form
    • Any other supporting income documents

     

Product Disclosure Sheet Baiti Home Financing-i
Product Disclosure Sheet Baiti Home Financing-i Tier
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 2.51% p.a. EPR = 5.03% p.a.
    (Current Base Rate (BR) is 2.52% per annum effective 10 July 2020)

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
    • Last 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
  • Profit Rate as low as BR + 1.25% p.a. EPR = 3.77% p.a.
    (Current Base Rate (BR) is 2.52% per annum effective 10 July 2020)

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 or branch to panel the solicitor on ad-hoc basis

Eligibility Criteria
  • Malaysian citizen
  • Spouse or Children of government staff or the government staff him/herself
  • Applicant must be one of the purchasers is the Sales Purchase Agreement

Required Document
  • Photocopy of identity card
  • Sales & Purchase Agreement
  • Latest 3 months salary slips
  • Latest 3 months salary crediting account statements
  • Employer’s Confirmation Letter
  • Any other supporting income documents
Additional Documents
  • Letter of Offer (LO) from LPPSA
  • ‘Laporan Nilaian Pinjaman Perumahan’ from JPPH
  • Letter of Consent duly executed by customer(s)