AIA Fixed Rate Home Loan Package 2

Stop worrying over the increase in Base Rate when you can lock in your home loan at a low fixed interest rate with AIA. Not a policyholder? No worry as MRTA will keep you covered!

AIA Fixed Rate Home Loan Package 2
Tenure
Up to 35 years
Interest Rate
from 5.39% 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 RM300,0005.39% 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 0.4% of the full prepaid amount
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Cancellation Fee
3% of the total approved amount
Insurance Types
  • MRTA
  • Houseowner Insurance

More Information

What is AIA Fixed Rate Home Loan Package 2 and what can it do for me?

AIA offers a conventional term loan with a fixed interest rate protecting you from market movement in the BR. No matter what happens you’ll rest assured that you’re paying the same interest rate right throughout your mortgage term.

With this Zero Moving Cost (ZMC) mortgage, AIA absorbs all transaction fees such as legal fees, stamp duty and valuation fees, all at a fixed interest rate of 5.39% p.a. 

The catch is, however, that you need to borrow a minimum of RM300,000 and RM500,000 for completed and under construction properties respectively.

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 obligations if I apply for this housing loan?

Well, you’ll have to pay your mortgage every month. Your installments are calculated based on a fixed interest rate. Any movement in the BR will have zero effect on your repayments. So less stress if that’s the kind of thing you worry about.

Can I pay money onto my mortgage to reduce the principal?

Yes, you can. You can make instant deposits whenever you like, reducing the principal and therefore the interest that you will pay on your home loan.

Sounds great – what are the main benefits of this AIA home loan?

A fixed interest rate might suit you if you are worried about the BR going up over your mortgage term. For some, this means security and peace of mind. Others prefer to hedge against the possibility of falling BR.

Who can apply for this AIA housing loan?

  • Malaysians and Permanent Residents (Age 18 years and above)
  • Singaporean and 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 MM2H 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