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
|
| Margin of Financing |
 |
Up to 100% |
| Payment Period |
|
Up to 30 years |
| 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 |
| Financing Rate |
|
Fixed and competitives |
| Processing Fees |
|
Waived |
| Security Deposit |
|
None |
| Eligibility |
|
Resident/Non Resident |
| 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 |
|
- 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
|
| Benefits |
|
- 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
|
* Subject to terms & conditions
The above information is correct on the date of printing
BAITI CAKNA HOME FINANCING- i
|
| Margin of Financing |
|
Higher financing up to 100%* |
| Payment Period |
|
Longer financing period up to 40 years* |
| Financing Rate |
|
Competitive profit rate from as low as 2% for 1st year, 4% for 2nd year and from 6.2% from 3rd year onwards*
|
Fixed Rate as low as |
|
Year 1 |
2% |
|
Year 2 |
4% |
|
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)
|
| 