Public Bank 5 Home Plan

A term housing loan with no processing and monthly fees. Deposit extra cash to reduce your principal and withdraw excess money when you need extra funds.

Public Bank 5 Home Plan
Up to 35 years
Interest Rate
from 4.22% p.a.
Loan type
Semi-Flexi loan
Interest Type
Fixed/Floating interest rate
Lock In Period
3 years
Margin of finance
up to 90%
Approval in
30 days

Interest Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Interest Rate
more than RM200,0004.22% p.a.
*Effective interest rate will be determined by Public Bank upon approval.


Minimum Annual Income
Minimum Age
  • 21 to 70 years old
Who can apply
  • Any nationality
  • Salaried employee
  • Self-employed

Fees & Charges

Late Penalty Fee
1% p.a. of the outstanding amount
Withdrawal Fee
Processing Fee
RM50 to RM200, depending on the financing amount
Early Settlement Fee
2% to 3% within 3-year retention period, depending on loan size
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Insurance Types
  • MRTA

More Information

What is Public Bank 5 Home Plan about?

5 Home Plan is a semi-flexi or full-flexi home loan (at your choice) and charges a fixed or variable interest rate pegged to the Base Rate (BR) and a repayment period of up to 35 years.  

The flexible part is the option to repay more on the mortgage when you have extra cash and to withdraw funds when you are short of money. You'll be limited to one withdrawal per month and charged RM50 every time you take money out. 

Nevertheless, you must inform Public Bank prior to making the prepayment or else Public Bank will treat the extra cash deposit as an advance on your regular monthly instalment. For conventional home loans below RM100,000, there is no withdrawal facility.

What benefits can I get from a Public Bank housing loan?

The best part about this housing loan is when you put down extra money into your loan account, it allows you to reduce instalment payments as the interest is calculated daily from the remaining loan balance.

Apart from that, Public Bank 5 Home Plan also comes with a free credit card with its annual fee waived. 

If you have excellent credit history and an existing relationship with Public Bank, you can also apply a higher margin zero moving cost package up to 100% financing, including MRTA and legal fees.

So how do I pay for my mortgage each month?

You can pay wherever you can find a Public Bank branch in Malaysia using ATMs or cash deposit machines. 

Better still, you can make an online transfer from your Public Bank savings or current account, Interbank GIRO, or set up a standing instruction for automatic deductions.

Do I need an insurance policy?

You are advised to take up MRTA as a backup for your remaining monthly instalment payment in the event you came into contact with total permanent disability or death. 

A Fire Insurance policy is compulsory.

What can I expect to get from Public Bank 5 Home Plan housing loan?

You can expect to get great savings by depositing extra cash to reduce your loan principal and reduce the loan tenure along with overall interest.

If you opt for a semi-flexi plan, the only hassle is that whenever you wish to deposit extra cash you'll need to visit the bank branch, fill out the form, queue up and then deposit the cash - a bit of a pain unless the bank is right outside your front door. 

For greater convenience and to save you a great deal of time, you may want to consider getting a full-flexi plan which you will need to attach a current account to the loan for greater savings on interest.

What do I need to apply for this home loan?

  • Application form from the bank or online and complete it
  • A copy of your identification card (front and back) or passport (front page)
  • A copy of SPA / Booking Receipts / Letters or Offers from the Developer

Salaried applicant:

  • Latest 3 to 6 consecutive months of salary slips or vouchers or 
  • Latest EA From
  • EPF Statement ( latest not more than 1 year) or
  • Latest Tax Returns and Tax Receipts or
  • Employment Letter or
  • Latest 3 months' Bank Statement for the salary account

Self-employed applicant:

  • Latest 6 months' bank statements or
  • Latest 1 year's Tax Returns and Tax Receipts
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