Affin Bank

Affin Home Invest-i

A floating rate Islamic home loan that offers competitive profit rate, flexible repayments, excess cash redraw facility and Takaful protection.

    • Up to 35 years
    • Semi-Flexi Islamic financing
    • Floating Profit Rate
    • Up to 90% margin of finance
  • You BorrowEstimated Profit Rate
    more than RM2000004.51% p.a.

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

Apply online now for Affin Home Invest-i

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. in arrears
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
  • House Owner Takaful
  • MRTT

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

Requirements

Are you eligible for this Affin Bank home financing?

Minimum annual income
RM24000
Minimum age
18 years old
Maximum age
70 years old
Who can Apply
  • Any nationality
  • Salaried employee
  • Self-employed

Frequently Asked Questions about Affin Home Invest-i

Things you might want to know

Why should I get Affin Home Invest-i?

Affin Home Invest-i is the perfect solution for home owners looking to purchase complete and under construction properties or refinance existing mortgages at least RM200,000 and above, up to 90% of the property value.

With Affin Islamic Bank’s ceiling rate you won’t have to worry about your repayments increasing exponentially a few years down the road, because the profit rates are capped at a limit which will be made known to you before the agreement is sign.

Plus Home Invest-i offers flexibility with your payments, so you can deposit extra amounts of cash on top of your monthly repayments to save on your interest charges. All you’ve got to do is to put your request in writing over a counter at an Affin Islamic Bank branch.

Do I need any Takaful insurance with this Islamic Home Financing?

House Owner Takaful is compulsory for this Islamic mortgage. You are also encouraged to take up Mortgage Reducing Term Takaful ( MRTT) with this financing package. That way you know that you family will be well provided for, if any mishaps were to happen to you especially if you are the sole breadwinner.

Can a non-Muslim apply for this mortgage?

Definitely yes! It doesn’t matter what your religion or race is, Affin Islamic Bank accepts business from any Malaysians that meet the requirements for this shariah-compliant financing plan – that’s a minimum income of RM2,000 each month and 18 years of age.

What are my monthly repayments?

Affin Islamic Bank will calculate your repayments each month, which will be based on the amount borrowed, the length of the tenure and profit rate which you are eligible for – which will be based on your credit rating.

As such the longer the mortgage duration, the smaller your monthly commitment is; but you’ll pay more profit rates to the bank in the long run. Taking these points into consideration, having a thorough financial plan and seeking advice from a bank officer is important to help you gauge your ability to meet the monthly commitments.

What documents do I need when I apply?

For the bank to approve your home financing application, you’ll need to provide your Malaysian identity card and other supporting documents. We’ve compiled a list of what you need below:

The main documents you need to submit is 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 fixed income earners:

  • Last 3-months salary slips
  • Latest EA form or Borang B supported by tax payment receipt
  • Latest pension statement (for pensioners)
  • Latest 6-months commission statement (for commission earners)
  • Latest EPF statement
  • Latest 3-months bank account statement
  • Letter from Employer

For self-employed:

  • Latest Borang B supported by tax payment receipt
  • Latest 6-months business account statement
  • Latest 6-months personal account statement
  • Latest Profit & Loss account

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