CIMB Islamic Bank Home Financing-i – Property Financing/Loan

CIMB Islamic Bank first determine your financing requirements in relation to the duration and manner of payment. The Bank then purchases a given asset that you wish to acquire and subsequently sells the asset to you at a mutually agreed price. This price also comprises the Bank’s actual cost and profit margin. You will then pay this price to the Bank through monthly installments.

  1. Fixed rate home financing for 10 years or 20 years. Fixed rate package will safeguard you from profit rate fluctuations.
  2. Variable rate home financing based floating rate features based on the movement of the Base Financing Rate (BFR) with capped at an agreed ceiling rate.
  3. Combination of Fixed and Variable rate for maximum fixed rate of 3 years, 5 years and 10 years.

Features and Benefits

  • Financing all types of completed or under construction residential properties.
  • Minimum financing amount is RM15,000.
  • Margin of financing (MOF) is up to 90%.
  • GMTA can be financed.
  • Applicant can enjoy flexible financing period of up to 40 years or up to the age of 70 years, whichever is earlier.
  • For CIMB Prime Plan customer, enjoy the following benefits:
    • Earn 0.1 Bonus Point for every RM1 financing
    • Re-pricing option every 3 years or lapse of lock-in period, whichever is later at prevailing board rate
    • Preferential rates

Eligibility

  • Individuals aged 18 years and above.
  • Malaysian or permanent resident.

Requirements

Salaried Applicant:

  • NRIC photocopy.
  • Latest 3 months’ salary slip.
  • EA form / EPF statement (last 2 years).
  • Sales & Purchase Agreement / Booking receipt from developer.

Self-Employed:

  • NRIC photocopy.
  • Latest 3 months’ salary slip.
  • EA form / EPF statement (last 2 years).
  • Sales & Purchase Agreement / Booking receipt from developer.
  • Business registration A&D
  • Last 3 months bank statement

How to Apply?

Call us at 1300 880 900 or +603 22956100

Source: http://cb.cimbislamic.com/index.php?ch=ci_per_hf&pg=ci_per_hf_buy&ac=2&tpt=cimb_islamic

*This page contains information sourced on 3 Nov 2010. Please check with the bank for the latest updates.

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