Affin Home Invest-i

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

Affin Home Invest-i
Tenure
Up to 35 years
Profit Rate
from 4.36% p.a.
Loan type
Semi-Flexi islamic financing
Interest Type
Floating profit rate
Margin of finance
up to 90%

Profit Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Profit Rate
more than RM100,0004.36% p.a.
*Effective profit rate will be determined by Affin Islamic Bank upon approval.

Requirements

Minimum Annual Income
RM24,000
Minimum Age
  • 18 to 70 years old
Who can apply
  • Any nationality
  • Salaried employee
  • Self-employed

Fees & Charges

Late Penalty Fee
1% p.a. p.a. in arrears
Withdrawal Fee
RM25 Subject to minimum available balance of RM5,000 in advance payment bucket
Processing Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Insurance Types
  • House Owner Takaful
  • MRTT

More Information

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 don’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