AIA Fixed Rate Home Loan Package 1

AIA conventional term home loan has a fixed interest rate for entire tenure, giving you financial protection against changes in the market rate.

AIA Fixed Rate Home Loan Package 1
Tenure
Up to 35 years
Interest Rate
from 4.99% p.a.
Loan type
Term loan
Interest Type
Fixed interest rate
Lock In Period
5 years
Margin of finance
up to 90%
Approval in
30 days

Interest Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Interest Rate
more than RM100,0004.99% p.a.
*Effective interest rate will be determined by AIA upon approval.

Requirements

Minimum Annual Income
RM24,000
Minimum Age
  • 18 to 70 years old
Who can apply
  • Malaysians
  • Permanent Residents, Foreigners residing in Malaysia with valid working permit
  • Salaried employee
  • Self-employed

Fees & Charges

Late Penalty Fee
1% p.a. p.a. on the amount in arrears
Processing Fee
Waived
Early Settlement Fee
0.62% p.a. plus an administrative fee of 0.40% of the full prepaid amount
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Cancellation Fee
Incurred when you terminate, withdraw or abort the loan after approval
Insurance Types
  • MRTA
  • Houseowner Insurance

More Information

What is the AIA Fixed Rate Home Loan Package 1?

AIA offers a conventional term home loan with a fixed interest rate. Unlike bank, AIA's interest rate is not pegged to the Base Rate, so you will be hedged against any changes in the market rate. If that’s the kind of worry which keeps you up at night then that’s a good thing.

Unlike the Package 2 and Package 3, this package is a non-zero moving cost, which means that borrower is responsible for all costs associated to home purchasing, such as legal fee, stamp duty and valuation fees.

The minimum property value to qualify for this fixed rate home loan is RM200,000, and AIA can provide up to 90% margin of financing for the purchase of new house, whereas up to 80% for refinancing purpose.

What are my monthly commitments?

Every month you are required to pay back the loan to AIA in equal monthly instalments until the end of your chosen tenure. It is important that you are able to meet your monthly instalment payment on time and in full, otherwise you will incur unnecessary penalty charges.

Schedule an appointment with AIA should you face difficulty in managing your commitment.

Can I make an over payment every month?

Yes, you can. As AIA calculates interest at daily rest you’ll be saving on interest payment considerably, which will ultimately go toward reducing your principal payment. The more you pay every month, the more interest you have serviced, thus the faster you own the house!

Who can apply for this AIA housing loan?

  • Malaysians & Permanent Residents (Age 18 & Above)
  • Singaporean & Bruneian Nationals
  • Foreigners with a valid work permit / registered business in Malaysia / who are married to a Malaysian
  • Participants of Malaysia My Second Home Program (documentary evidence / approval from Malaysia Government under the MM2H program is required prior to loan disbursement)

What documents do I need to present with my home loan application?

If you are an employee earning a salary

NRIC photocopy
Latest 3 months salary slip
Letter of Employment
Sales & Purchase Agreement/ Booking receipt from developer
Valuation report

If you are self-employed

NRIC photocopy
Latest 3 months salary slip
Latest 6 months bank statement
From 24 & 49
Sales & Purchase Agreement/ Booking receipt from developer
Valuation report
Copy of the Title Deed