AIA Fixed Rate Home Loan Package 3

Know how much to repay every month throughout the tenure with a fixed rate home loan. Move into your dream house at zero cost with AIA.

AIA Fixed Rate Home Loan Package 3
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%

Interest Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Interest Rate
more than RM100,0004.99% p.a.
more than RM100,0005.15% 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

If owning a dream house is your new year’s resolution, then you are in the right place and time to get started with your financing need.

What can I get from AIA Fixed Rate Home Loan Package 3?

As a fixed interest home loan, you know that your monthly installment amount is constant throughout the duration of the loan. You don't have to worry about overnight policy rate (OPR) or base rate changes with AIA home loan.

Much like its predecessors, Package 3 combines some features from Package 1 and Package 2 and offers a competitive interest rate. Plus, AIA also absorbs all costs associated to moving into your new house - saving you the cost of obtaining the loan as well as your monthly commitment!

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 is my monthly commitment?

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 installment 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 apply for this loan if I’m not an AIA policyholder?

You can, but with one condition. You are required to purchase AIA Group Mortgage Reducing Term Assurance or AIA Life Policy to secure the loan. If you have the latter, the coverage must not be less than the loan amount.

What documents should I prepare for this loan application?

If you are an employee earning a salary

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

If you are self-employed

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