Standard Chartered Saadiq My Home-i

A straightforward conventional Islamic home loan with fixed monthly installments - ideal for those who have strict financial plans.

Standard Chartered Saadiq My Home-i
Up to 35 years
Profit Rate
from 3.52% p.a.
Loan type
Term islamic financing
Interest Type
Floating profit rate
Margin of finance
up to 90%
Approval in
30 days

Profit Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Profit Rate
more than RM500,0003.52% p.a.
*Effective profit rate will be determined by Standard Chartered upon approval.


Minimum Annual Income
Minimum Age
  • 21 to 70 years old
Who can apply
  • Malaysians
  • Foreigners

Fees & Charges

Late Penalty Fee
1% p.a. of the outstanding amount
Processing Fee
No Fee
Early Settlement Fee
No Fee
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Cancellation Fee
2.25% of the financing amount if the bank pays for legal fees. Otherwise it's 0.5%.
Insurance Types
  • MRTT
  • Fire Takaful

More Information

What is Standard Chartered Saadiq My Home-i?

The Syariah compliant Standard Chartered Saadiq My Home-i is a conventional term loan with fixed monthly installments based on the Islamic principle of Musyarakah. It is very straightforward with no flexibility to deposit additional cash.

This term loan can be used to secure residential properties, whether completed or under-construction. Minimum financing amount is RM500,000, arguably one of the lowest in Malaysia.

What are the benefits of a Standard Chartered Saadiq My Home-i housing loan?

This loan is ideal for folks who require more control of their cash flow every month and prefer to pay a fixed amount for a fixed period of time. If you like it plain and simple, this is the mortgage for you. The interest rate is lower compared to a fully flexible loan, like the Saadiq My HomeOne-i, by up to 0.05%, there's also a ceiling rate protection that shields you from any IBR fluctuation.

I am not a Muslim; can I still apply this loan?

Why would that stop you? Of course you can apply - this loan is open to everyone!

Can a foreigner apply?

Yes. However, you must have a valid working visa of more than one year and your maximum margin of finance will be 80% of the property value.

Do I need to buy any insurance?

A Fire Takaful is compulsory. It is also encouraged to take up the MRTT to protect you and your family from a financial difficulty if anything unfortunate were to happen to you. The premium is payable as a one off payment when your loan is approved.

What documents do I need to apply for this home loan?

  • Complete the application form
  • A copy of SPA / Booking Receipts / Letter of Offer from Developer

Salaried Employee:

  • Copy of MyKad (front and back)
  • Latest months’ salary slips and bank statement
  • Latest EA From or
  • EPF statement

Salaried Applicant working abroad:

  • Copy of MyKad (front and back)
  • Tax assessment from the specific country or
  • Latest 3 months pay slips and bank statement or
  • CPF statement

Commission Earner:

  • Copy of MyKad (front and back)
  • 6 months commission statement and bank statement or
  • EPF / CPF statement if working abroad or
  • Tax assessment from the specific country if working abroad


  • Copy of MyKad (front and back)
  • Business Registration Certificate – Form 9, Form 24 and Form 49 and
  • Audited balance sheet and Profit and Loss statement or
  • Last 6 months bank statements or
  • Latest year Form BE

Foreigner working in Malaysia:

  • Valid work permit and
  • 3 months bank statement or
  • Tax assessment from home country
Search Icon

Get the financial support you need


We’ll guide you through your application for this financial product