Al Rajhi Bank

Al Rajhi Structured Home Financing-i

A straightforward variable interest conventional term mortgage with no late payment fee and no processing fee

    • Up to 35 years
    • Term Islamic financing
    • Fixed Profit Rate
    • 0 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
  • You BorrowEstimated Profit Rate
    more than RM500004.70% p.a.

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

Apply online now for Al Rajhi Structured Home Financing-i

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
Any recovery cost including solicitor fees
Processing Fee
No Fee
Early Settlement Fee
Subject to terms of agreement if settled within first 5 years
Redemption Letter Fee
RM10.60 per request
Letter for EPF Withdrawal Fee
RM10.60 per request
Insurance Types
  • MRTT

*inclusive of 6% GST


Are you eligible for this Al Rajhi Bank home financing?

Minimum annual income
Minimum age
21 years old
Maximum age
65 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about Al Rajhi Structured Home Financing-i

Things you might want to know

What is the Al Rajhi Structured Home Financing-i?

Structured Home Financing-i from Al Rajhi is a syariah compliant home loan that uses the Islamic concept of Bai Bithaman Ajil ( BBA), sometimes known as the concept of deferred payment sale based on a marked up price. If you choose to include Takaful into your loan, an additional 5% will be added to your finance and your interest rate will be reduced by 0.05%.

What is the great thing about this loan?

The bank’s profit rate is capped at 10%, protecting you from volatility in the Islamic Base Rate (IBR).

Now prepare yourself for a very great benefit: Al Rajhi does not have a penalty fee for late payment. Still, abusing this luxury often might reflect on your all around creditworthiness.

Can I pay extra cash onto my mortgage and reduce my principal?

No, you cannot.

Can a foreigner apply?

Yes you can, but the terms and conditions may differ from those enjoyed by Malaysians.

What kind of documents do I need for this home loan application?

Compulsory documents

Copy of Sales and Purchase Agreement

Booking Receipt

Last 6-12 months statement (for refinancing)

Valuation report (valuers must be approved by the bank)

If you are an employee earning a salary

Copy of NRIC (front and back)

Latest 3 months salary slip or Letter of Employment

Latest 3 months bank statement

Sales and purchase agreement or booking receipt

If you are self-employed

Copy of NRIC (front and back)

Latest 6 months salary slip

Form 9, 24 & 49

Business Registration form

Copy of income tax and proof of tax payment

Sales and purchase agreement or booking receipt

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