BANK ISLAM HOME FINANCING

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Baiti Home Financing

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)
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