What do I need to know about Standard Chartered Saadiq My HomeOne-i?
Standard Chartered Saadiq My HomeOne-i is a shariah-compliant, fully flexible home loan based on the Islamic principle of Diminishing Musyarakah.
An innovative offer that combines a home loan with a savings account, My HomeOne-i allows you to make extra repayments to reduce your principal at any time. You can even withdraw these extra payments when you need them - without waiting for the bank's approval!
Why should I choose the Saadiq My HomeOne-i housing loan?
With an integrated home loan and savings account, it will be a breeze to reduce your loan principal as any surplus cash that you deposit into your savings account will automatically be deducted from your mortgage. In addition, there is no lock-in period for this loan so you can settle the loan without paying any penalty fee.
I am not a Muslim; can I still apply this loan?
Yes. This loan is open to everyone regardless of religion.
Can a foreigner apply?
Yes. However, you must have a valid working visa of more than one year and your maximum margin of financing will be 80%.
Do I need the insurance?
A Fire Takaful is compulsory and is renewable every year. The bank may also require you to purchase the MRTT as it protects you and your family by paying off the entire outstanding loan amount if anything happens to you thus giving you and your family a peace of mind.
What 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
Self-Employed:
- Copy of MyKad (front and back)
- Business Registration Certificate – Form 9, Form 24 and Form 49 and
- Audited balance sheet and Profit and Loss or
- Last 6 months bank statements or
- Latest year Form BE
Foreigner working in Malaysia:
- Copy of Passport
- Valid work permit and
- 3 months bank statement or
- Tax assessment from home country
*The Bank may request for additional documents at their absolute discretion.
