Your Premier Financing Solutions Broker
Residential / Commercial Financing
Our focus is on your peace of mind and processing your loan application speedily so that you can move into your new home as soon as possible, set up shop readily or to satisfy your property investment needs.
Available financing:
1. Term Loans
2. Flexi Loans
3. Islamic Loans
Available financing:
1. Term Loans
2. Flexi Loans
3. Islamic Loans
Term Loans
Term loans or term financing features a locked down payment schedule ensuring that you will always know how much you're paying and for how long.
Features:
Daily Rest - Your loan will be calculated based on daily rest. This helps you to save on interest as payment made on any day will help to reduce the interest calculation. This is as opposed to a monthly rest basis calculation which calculates interest based on the 1st day of the month for the whole of that month. So even if you made some payments during that month, the amount of interest will not reduce. Most fixed rate loans calculate based on monthly rest.
Prepayment - You may choose to source from other funds (eg. withdraw from EPF) for principal reduction to a minimum of 1 month for residential properties or 3 months for non residential properties.
Advance Payment - No notice is required for advance payment. Excess amounts will be used to skip monthly installments.
Features:
Daily Rest - Your loan will be calculated based on daily rest. This helps you to save on interest as payment made on any day will help to reduce the interest calculation. This is as opposed to a monthly rest basis calculation which calculates interest based on the 1st day of the month for the whole of that month. So even if you made some payments during that month, the amount of interest will not reduce. Most fixed rate loans calculate based on monthly rest.
Prepayment - You may choose to source from other funds (eg. withdraw from EPF) for principal reduction to a minimum of 1 month for residential properties or 3 months for non residential properties.
Advance Payment - No notice is required for advance payment. Excess amounts will be used to skip monthly installments.
Full Flexi Financing
Flexi Loans or flexi financing are targeted at clients with a flexible earning capacity. These are usually tied to a current account which allows you to deposit any amount at any time or withdraw the excess amount. Total interest paid will be affected by the amount deposited which provides you with the flexibility to plan your savings as excess repayments will be used to offset the principal loan amount. Interest rates are calculated based on daily rest.
Current Account - Provides you the flexibility of managing your funds under one account.
ATM and Cheque Book - Funds can be withdrawn anytime and anywhere.
A one time set up fee is required upon acceptance of the letter of offer followed by a monthly maintenance fee which is auto debited to the loan account on a monthly basis. Stamp duty of RM0.15 per cheque leaf on the cheque book.
- Waiver on processing fee.
These features are applicable to the individual borrower only.
Current Account - Provides you the flexibility of managing your funds under one account.
ATM and Cheque Book - Funds can be withdrawn anytime and anywhere.
A one time set up fee is required upon acceptance of the letter of offer followed by a monthly maintenance fee which is auto debited to the loan account on a monthly basis. Stamp duty of RM0.15 per cheque leaf on the cheque book.
- Waiver on processing fee.
These features are applicable to the individual borrower only.
Islamic Financing
Islamic Financing is a shariah compliant financing option that is available to everyone. The main difference between Islamic Financing and Conventional Financing include the early settlement fees (ESF) and eligibility of financing. If you decide to settle your loan's outstanding amount within the lock down period, you will be required to furnish the bank's cost of fund (COF) instead of the ESF. The cost of ESF is usually lower than the COF.
As such, it is usually a smarter move for property investors to select Islamic Financing as their preffered financing option and save as there are no early settlement fees.
Islamic financing is open to everyone regardless of race or religion. Your source of income must be Islamic-friendly in order to be eligible for this financing option.
For example; you will not be eligible if your source of income is from:
1. Sale of alcohol
2. Sale of pork
3. Licensed gambling outlets
4. Usury
5. Non-halal activities in nature
Contracted Profit Rate (CPR) - In Islamic Financing, this is the ceiling rate that protects the borrower from rate fluctuations. Re-payments will not be affected higher than the CPR in the event the Islamic Financing Rate rises.
Current CPR (IFR + 4.00%) @ 9.55%
Islamic Financing does not provide any overdraft facility.
Apart from the above, other financing features are similar to conventional loans.
As such, it is usually a smarter move for property investors to select Islamic Financing as their preffered financing option and save as there are no early settlement fees.
Islamic financing is open to everyone regardless of race or religion. Your source of income must be Islamic-friendly in order to be eligible for this financing option.
For example; you will not be eligible if your source of income is from:
1. Sale of alcohol
2. Sale of pork
3. Licensed gambling outlets
4. Usury
5. Non-halal activities in nature
Contracted Profit Rate (CPR) - In Islamic Financing, this is the ceiling rate that protects the borrower from rate fluctuations. Re-payments will not be affected higher than the CPR in the event the Islamic Financing Rate rises.
Current CPR (IFR + 4.00%) @ 9.55%
Islamic Financing does not provide any overdraft facility.
Apart from the above, other financing features are similar to conventional loans.
Whatever your decision, the financing options stated above require preparation of complete documents.
Required documents:
For Salary Earners:
1. Photocopy of your identity card/ passport.
2. Photocopies of your latest three (3) months' salary slip.
3. Latest three (3) months bank statement.
4. Photocopies of your latest income tax return (J form) or EA form.
5. Sale and Purchase Agreement/ Deposit or booking receipt/ letter of offer from the housing developer.
6. Photocopy of the land title or previous sales and purchase agreement (if current SPA is unavailable).
For self-employed:
All the documents stated above (except for salary slip) and the following:
7. Business registration document.
8. Latest financial statements.
The loan calculator below has been provided for your convenience.
Required documents:
For Salary Earners:
1. Photocopy of your identity card/ passport.
2. Photocopies of your latest three (3) months' salary slip.
3. Latest three (3) months bank statement.
4. Photocopies of your latest income tax return (J form) or EA form.
5. Sale and Purchase Agreement/ Deposit or booking receipt/ letter of offer from the housing developer.
6. Photocopy of the land title or previous sales and purchase agreement (if current SPA is unavailable).
For self-employed:
All the documents stated above (except for salary slip) and the following:
7. Business registration document.
8. Latest financial statements.
The loan calculator below has been provided for your convenience.
Javascript application creator: David Flanagan, Copyright (c) 2001