Affin Bank

Affin Home Build

Whether it is new or secondhand, owning a house is a necessity now. With Affin Home Build, you are one step closer to buy your very own asset, whether to live in or rent out

    • Up to 35 years
    • Term loan
    • Floating Interest Rate
    • 5 years lock in period
    • Up to 85% margin of finance
  • You BorrowEstimated Interest Rate
    RM500000 - 50000004.85% p.a.

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

Apply online now for Affin Home Build

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. on outstanding payments
Processing Fee
RM212.00
Early Settlement Fee
3% within 5-year retention period
Redemption Letter Fee
RM53.00 per request
Letter for EPF Withdrawal Fee
RM21.20 per request

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this Affin Bank home loan?

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

Frequently Asked Questions about Affin Home Build

Things you might want to know

What is Affin Home Build?

Affin Home Build is a conventional mortgage loan product that offers financing up to 90% of the property value (inclusive of MRTA and entry cost) for a contract period of up to 35 years.

The amount you can borrow is between RM500,000 to RM5,000,000 and your property will be securitized against the borrowing throughout the tenor.

What type of property can I finance with this mortgage?

Affin Bank can offer up to 80% margin of financing for completed property, while 85% for property under construction.

If you throw in another 5%, the bank can pay for your moving costs (loan agreement, stamp duty, legal and disbursement fee) and protect you under MRTA.

Do I get to redraw excess money paid into this account?

No, as it is not part of this mortgage plan.

Can I pay off my mortgage early?

You can make full settlement of your mortgage before its maturity date, provided you have waited 5 years from the date of full disbursement.

The bank will penalize you for any settlement done within the retention period.

What is the major risk?

The interest rate on this home loan is floating and is pegged to Base Rate. You may frown upon the changes in your monthly instalment amount should the interest rate increases. On the contrary, you could be saving a lot when it goes down.

What documents I need to prepare?

The main documents you need to submit is Affin Home Build application form, a copy of your NRIC, Sales & Purchase Agreement/ Booking receipt from developer, Valuation report (for completed property) and Copy of the Title Deed. The supporting documents are as follows:

For an employee earning a salary:

  • Latest 3-month pay slips
  • Latest EPF statement
  • Latest 6-month commission statements (for commission earners)
  • EA Form
  • Letter from employer

For a self-employed:

  • Latest Borang B supported by tax payment receipt
  • 3-month salary slip
  • Latest 6-month business/personal account statement
  • Latest Profit & Loss account

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