CIMB Variable Home Financing-i

Secure your dream house with this variable rate Islamic home mortgage that finances up to 90% of the property value at competitive profit rates and with fast 1-Minute CIMB InstaApproval!

CIMB Variable Home Financing-i
Up to 35 years
Profit Rate
from 4.35% p.a.
Financing type
Term islamic financing
Profit 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
up to RM349,9994.55% p.a.
more than RM350,0004.35% p.a.
*Effective profit rate will be determined by CIMB upon approval.


Minimum Annual Income
Minimum Age
  • 18 to 70 years old
Who can apply
  • Malaysians
  • Salaried employee
  • Self-employed

Fees & Charges

Late Penalty Fee
1% p.a. p.a. on outstanding payments
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
  • GMTP

More Information

A home financing facility that is structured on the concept of Commodity Murabahah with profit rates pegged to Islamic Base Rate (IBR). Subject to your credit worthiness, CIMB can finance up to 90% of the value of your new property, whether completed or under construction.

What are the advantageous of this Islamic home loan?

If you want to convert your conventional home loan to this Islamic financing, CIMB is fully waiving the stamp duty for the conversion - no kidding. On top of that, there is no processing fee, setup fee and even monthly fee!

What is my obligation?

Your only commitment is to service your monthly instalment religiously. As this is a term Islamic financing, you cannot make excess repayment to reduce your interest calculation, however, it is considered as advance payment.

Now if you’re behind with your monthly instalment, a 1% penalty for late payment will be charged on the overdue instalment.

Do I need Takaful protection?

Unlike car insurance, you still can legally own a house without Houseowner Takaful. But it is advisable for you to take up a protection plan to shield yourself and family members against unforeseen events.

By adding 5% to your margin of financing, CIMB will not only absorb legal and valuation fees for you, but also providing you with Group Mortgage Takaful Plan.

Why should I get this Islamic home financing?

Apart from its cost-saving feature, CIMB Variable Financing-i offers competitive profit rates with capping mechanism to hedge you against the steep rise of IBR. It is also attractive for those income earners who like to take advantage of the fluctuation of market rate.

Who is eligible to apply and how?

Open to all Malaysians and permanent residents who are 18 years old and above.


  • NRIC photocopy
  • Latest 3-months salary slip
  • EA form / EPF statement (last 2 years)
  • Sales & Purchase Agreement / Booking receipt from developer


  • NRIC photocopy
  • Latest 3-months salary slip
  • EA form / EPF statement (last 2 years)
  • Sales & Purchase Agreement / Booking receipt from developer
  • Business registration A&D
  • Latest 3-months bank statement

Tell me more about CIMB InstaApproval!

With CIMB InstaApproval, it only takes 1-Minute to own your dream home. Approval will be given upon submission of complete documents with stable internet connection.

Application is simple and paperless as you only need to apply using your NRIC and Property Booking Form. The Letter of Offer can be printed on the spot!

Am I eligible to apply for CIMB InstaApproval?

As long as you are a salaried employee working in Malaysia with EPF contribution.

Do ensure that there isn't any form of misrepresentation on the information and documentation you've provided to avoid your home financing being withdrawn and/or cancelled.

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