Public Bank

Public Bank ABBA HomeSave Financing-i

Islamic home financing that linked to a Wadiah Current Account-i where you can deposit extra amount to reduce profit charged and withdraw excess repayment for personal use

    • Up to 35 years
    • Full-Flexi Islamic financing
    • Floating Profit Rate
    • Up to 90% margin of finance
  • You BorrowEstimated Profit Rate
    more than RM3500004.35% p.a.

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

View product disclosure sheet.

Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. on outstanding payments
Processing Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM50.00 per request
Letter for EPF Withdrawal Fee
RM20.00 per request
Cancellation Fee
RM2120 for cancellation before financing disbursement


Are you eligible for this Public Bank home financing?

Minimum annual income
Minimum age
21 years old
Maximum age
70 years old
Who can Apply
  • Any nationality
  • Salaried employee
  • Self-employed

Frequently Asked Questions about Public Bank ABBA HomeSave Financing-i

Things you might want to know

What is Public Bank ABBA HomeSave Financing-i about?

This is a Shariah compliant home loan that is linked to an Islamic current account. The Shariah concept underlying this Islamic home loan is Bai Bithaman Ajil, i.e. a method of sale on deferred payment basis.

Subject to your credit standing and approval, the Islamic bank can finance up to 90% of the value of your new home.

What benefits can I get from this Islamic home loan?

Since the Shariah compliant home loan account is linked to Wadiah Current Account-i, you can save on profit charges, which is calculated on daily basis, as the balance in your Islamic current account will be used to reduce your Islamic home loan outstanding balance.

Eventually, you will pay less on the profit charges and concentrate more on paring down your principal loan amount, which ultimately shortening your financing tenor. On top of that, you can also withdraw excess cash on the prepayment you have made anytime you want it at a small fee.

What is my commitment?

Your commitment is to repay what you have owed the bank plus the profit charged on the principal amount. It is compulsory for you to set up a Standing Instruction to service your monthly instalment. You also need to maintain a minimum balance of RM10,000 in your Wadiah Current Account-i.

Can I pay off my instalment ahead of maturity?

Yes, you can settle your Public Islamic Bank home loan before the end of your tenure as there is no penalty in doing so. You only need to pay the outstanding balance, current monthly profit and any amount payable to the Islamic bank.

Do I need a Takaful coverage?

While it is not a legal requirement to have a Takaful plan for your home, it is practically necessary to secure an MRTT as a financial security net – because we never know what is going to happen, even 5 minutes from now.

Who can apply for this Islamic home loan?

Any individuals can apply for this ABBA HomeSave Financing-i, provided they have furnished the application form and have a copy of SPA / Booking Receipts / Letter or Offer from the developer. You also need following supporting documents:

Salaried employee:

  • Copy of MyKad (front and back)
  • Latest 3 to 6 consecutive months’ salary slips or vouchers or
  • Latest EA From

And one of the following:

  • EPF Statement (latest not more than 1 year) or
  • Latest Tax Returns and Tax Receipts or
  • Employment Letter or
  • Latest 3 months Bank Statement or Saving Passbook


  • Copy of MyKad (front and back)
  • Latest 6 months’ bank statements or
  • Latest 1 year Tax Returns and Tax Receipts

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