Public Bank

Public Bank 5 Home Plan

A term housing mortgage with option of redraw facility and no monthly fees - pay extra to reduce your principal, withdraw cash when you need extra funds

    • Up to 35 years
    • Semi-Flexi loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
  • You BorrowEstimated Interest Rate
    more than RM1000004.22% p.a.

    *Effective interest rate will be determined by Public Bank upon approval.

Apply online now for Public Bank 5 Home Plan

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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
Withdrawal Fee
RM53.00 for each withdrawal
Processing Fee
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

All fees & charges are inclusive of 6% GST if applicable


Are you eligible for this Public Bank home loan?

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

Frequently Asked Questions about Public Bank 5 Home Plan

Things you might want to know

What is Public Bank 5 Home Plan?

This Public Bank semi-flexi or full-flexi home loan (at your choice) charges a variable interest rate pegged to the Base Rate ( BR) and repayment period of up to 35 years.  The flexi part is the option to repay more onto 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. For conventional home loans below RM100,000 there is no withdrawal facility. This Public Bank housing loan comes with a free credit card with its annual fee waived. If you have excellent credit history and an existing relationship with the bank, you can also apply a higher margin zero moving cost package up to 100% financing, including MRTA and legal fees.

Can I put extra money into my loan to decrease my principal?

Yes of course! You can put in extra cash any time, as and when you have extra cash to spare. As this is a semi-flexi loan, you MUST inform Public Bank if the payment is to be credited against you home loan principal, or else the bank will treat it only as an advance on your regular monthly installment. The best part about paying extra is that it allows you to reduce your installment payments as the interest is calculated daily from your remaining loan balance.

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 insurance?

Yes. A Fire Insurance policy is compulsory. MRTA is optional, but highly recommended.

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. You'll also need to pay RM200 processing fee, only pay-as-you-use fee of RM50 for withdrawals but no monthly fee. And, of course, you'll get a free credit card.

If you opt for semi-flexi plan, the only hassle is that whenever you wish to deposit extra cash you'll need to visit the bank branch, fill the form, queue up and then deposit the cash - 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?

  • Get a copy of the 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 / Letter or Offer from Developer

Salaried applicant:

Latest 3 to 6 consecutive months 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
Last 3 months Bank Statement for salary account

Self-employed applicant:

Last 6 months bank statements or
Latest 1 year Tax Returns and Tax Receipts

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