KFH

KFH Ijarah Muntahiah Bi Al-Tamlik Asset Acquisition Financing-i

Islamic home loan offering margin of finance up to 95% of your property's value - And if you settle early there's a great rebate on your interest too

    • Up to 35 years
    • Term Islamic financing
    • Floating Profit Rate
    • 5 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
  • You BorrowEstimated Profit Rate
    RM100000 - 2490004.65% p.a.
    more than RM2500004.45% p.a.

    *Effective profit rate will be determined by KFH upon approval.

Apply online now for KFH Ijarah Muntahiah Bi Al-Tamlik Asset Acquisition Financing-i

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Processing Fee
RM212.00
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
  • MRTT
  • House Owner Takaful

*inclusive of 6% GST

Requirements

Are you eligible for this KFH home financing?

Minimum annual income
RM36000
Minimum age
18 years old
Maximum age
70 years old
Who can Apply
  • Any nationality

Frequently Asked Questions about KFH Ijarah Muntahiah Bi Al-Tamlik Asset Acquisition Financing-i

Things you might want to know

What is KFH Ijarah Muntahiah Bi Tamlik Asset Acquisition Financing-i?

Okay, it should be clear from the name that this is an Islamic home loan, tailor-made for completed properties and based on the Syariah concept of Ijarah Muntahiah Bi Tamlik. In layman's terms that's a contract between you and the bank giving you the right to use the property in exchange for "rental" payment. A separate transaction at the end of the leasing period will purchase the property from the bank.

Kuwait Financing House will be able to finance up to 90% of the property's value, plus an additional 5% if you include the MRTT and a package offers zero moving cost (ZEC) to cover your entry cost , which consists of legal fees and stamp duty.

So, these rental payments, how are they calculated?

Like any Islamic home loan, you are required to pay a monthly lease amount calculated on either a fixed or floating rate, based on what is agreed between you and the bank. Note that choosing a floating rate means payments may vary due as the IBR changes and your interest rate updates.

It's useful to know that the bank profit rates will be higher if you decide to take on the MRTT insurance and if you opt for the bank to absorb your entry fees.

Do I need any insurance for the KFH home loan?

That's a definite yes. You have to take up the House Owner Takaful. You'll be recommended MRTT too, and that's not a bad idea as you'll have your home payments covered in the event of any unfortunate circumstances. Here's the good bit: If you settle your loan early, you'll be eligible for a rebate on your insurance premium.

What do I need to apply for this loan?

You are allowed to apply individually or as a joint partnership.

 Salaried applicant:

 Identity Card
 Latest payslip
 Personal Bank Statement
  EPF statement
 EA form

 Self-employed applicant:

 Certificate of business registration
 B/BE form
 Personal bank statement
 Business bank statement

 Variable income applicant:

Commission payment/statement
 Annual commission payment
 Personal bank statement
 BE form

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