Affin Bank

Affin BNM Priority Sector Home Financing-i

Fully Shariah-compliant Islamic Home Financing catered to the low & middle-income group, to help you get the home security that you truly deserve!

    • Up to 35 years
    • Semi-Flexi Islamic financing
    • Floating Profit Rate
    • 5 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
  • You BorrowEstimated Profit Rate
    RM35000 - 1000005.10% p.a.
    RM101000 - 2500005.00% p.a.

    *Effective profit rate will be determined by Affin Bank upon approval.

Apply online now for Affin BNM Priority Sector Home Financing-i

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
8.34% revised profit rate p.a. if monthly installment are in default for 3 months
Withdrawal Fee
RM26.50 for each withdrawal
Processing Fee
No Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM53.00 per request
Letter for EPF Withdrawal Fee
RM21.20 per request
Insurance Types
  • MRTT

*inclusive of 6% GST

Requirements

Are you eligible for this Affin Bank home financing?

Minimum annual income
RM24000
Minimum age
18 years old
Maximum age
65 years old
Who can Apply
  • Any nationality

Frequently Asked Questions about Affin BNM Priority Sector Home Financing-i

Things you might want to know

Is Affin BNM Priority Sector Home Financing-i the right mortgage for me?

Affin BNM Priority Sector Home Financing-i is an Islamic mortgage that abides by the principle of Musharakah Mutanaqisah. It is designed with the objective to enable low-income and middle-income earner to afford a home of their own.

There are a few restrictions for this home financing product. The purchased property must be residential property and must fall under the category of low-cost housing. Affin Bank will grant up to 90% of the purchase price and an additional 5% for mortgage reducing term takaful ( MRTT) and legal fees.

What is the price range for a low cost house?

For West Malaysia the purchase price of your house can not exceed RM250000, whereas for East Malaysia it has to be below RM300000.

Affin Bank offers different profit rates for homes in East Malaysia and West Malaysia. Refer to the table below for the complete breakdown and rates:

Location Property Price Interest Rate
West Malaysia RM35000 - RM100000 BR+1.36%
RM100000 - RM250000 BR+1.26%
East Malaysia RM35000 - RM120000 BR+1.36%
RM120000 - RM300000 BR+1.26%

Affin bank's base rate ( BR) is currently 3.99%.

Can I clear-off my mortgage before it matures?

Affin BNM Priority Sector Home Financing-i has a lock in period of 5 years. It basically means that you aren’t allowed to buyout your mortgage within a period of 5 years. Doing so will result in a penalty fee subject to terms decided by the bank.

Is it compulsory to get Takaful cover?

To qualify for this Islamic home financing you have to purchase a Mortgage Reducing Term Takaful ( MRTT) policy. This acts as a financial safety net in the event of death and total permanent disability, as it pays off the remaining amount on your mortgage.

What documents do I need to apply this home financing?

All the supporting documents that you’ll need are listed below. Take note that the requirements are different for employees and self-employed individuals.

General documents:

  • Photocopy NRIC
  • Sale & Purchase agreement
  • EA form and Borang B

Salaried Employee:

  • 3 months pay slips
  • EPF statement
  • 3 months bank account statement

(If you receive commission you’ll have to provide 6 months commission statements)

Self Employed:

  • 6 months business account statements
  • 6 months personal account statements
  • Profit & Loss account

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