Property Financing-i (Tawarruq) – Baiti Home Financing-i

Home is where the heart is. Getting your dream is just a few steps away. Let us help you realise your dream home into a reality with our attractive financing terms with our Baiti Home Financing-i Facility.

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or contact our Call Center at 03-26 900 900.

Benefits & Features
  • Under construction / completed house
  • High Margin of financing up to 90% excluding:
    • Mortgage Reducing Term Takaful (MRTT) / Mortgage Level Term Takaful (MLTT) – (compulsory)
    • HOT (Houseowner/Householder Takaful Plan) – (if applicable)
    • Stamp Duty
    • Legal Fees
    • Valuation Fees
  • Financing Tenure of up to 35 years or age 70, whichever is earlier
  • No lock-in period
  • No compounding elements
  • No processing fee
  • No penalty for early settlement

    Property Value

    Current Standardised Base Rate (SBR) is 3.00% per annum effective 5 May 2023)
    • RM100K to less than RM250K

      • AND

    • Property value > RM2.0M
    		 As low as SBR + 1.35% p.a. (EPR = 4.35% p.a.)
    RM250K to RM2.0M As low as SBR + 1.15% p.a (EPR = 4.15% p.a.)

    Note: Please refer to the nearest branch for property value other than above.


    Eligibility criteria
    • Malaysian Citizen
    • Age 18 and above
    • Not a bankrupt or have any legal action
    • Gainfully employed or Profitable business for at least 3 years
    • Minimum 1 year good payment track record
    Required document
    • Photocopy of identity card
    • Sales & Purchase Agreement
    • For salary earners:
      • Latest 3 months salary slips
      • Latest 3 months salary crediting account statements
      • Employer’s Confirmation Letter
      • Annual Income Statement/ BE Form / EPF statement
      • Any other supporting income documents
    • For Self Employed / Businessmen:
      • Company / Business Registration
      • Latest 6 months Bank Statements
      • Latest 3 years Financial Statements
      • Latest B Form
      • Any other supporting income documents

       

    Product Disclosure Sheet Baiti Home Financing-i effective on 30 January 2023
    Product Disclosure Sheet Baiti Home Financing-i effective on 30 January 2023 (Malay Version)
    Please click here for e-Flyer
    Click here for more information

    SJKP Housing Scheme

    Benefits & Features
    • To finance the purchase of under construction / completed residential property of up to RM500,000
    • Margin of Financing up to 100% excluding :
      • Mortgage Reducing Term Takaful (MRTT) / Mortgage Level Term Takaful (MLTT) – (compulsory)
      • HOT (Houseowner/Householder Takaful Plan) – (if applicable)
      • Stamp Duty
      • Legal Fees
      • Valuation Fees

    Total Financing Amount

    Profit Rate (SBR @ 3.00% p.a.)
    RM300,000 and below SBR + 2.00% p.a. (EPR @ 5.00% p.a.)
    More than RM300,000 – RM500,000 SBR + 2.10% p.a. (EPR @ 5.10% p.a.)
    Eligibility criteria
    • Malaysian citizen
    • Age 18 years and above
    • First time house buyer for own occupancy which include the following segments:
      • Fixed income earners
      • Non-fixed income earners
      • Self-employed individual
      • Gig workers
    • Maximum monthly income is RM11,000 per applicant
    Required document
    • Fixed Income Earner:
      • Latest 3-month Salary Slip
      • Latest 3-month Salary Crediting Statement
      • Latest EPF Statement
      • Employment Confirmation Letter (ECL)

    • *Non-Fixed Income Earner / Self-Employed Individual:
      • Company / Business Registration (where applicable)
      • Latest 6-month Bank Statement
      • Latest 6-month Payment Voucher / Receipt / Statement
      • Latest B Form + Tax Payment Receipt (where applicable)

    • *Gig Worker:
      • Latest 6-month Bank Statement
      • Latest 6-month Payment Voucher / Receipt / Statement
      • Latest B Form + Tax Payment Receipt (where applicable)
      • Letter of Employment Contract

      • Note:
      *To furnish confirmation letter on proof of self-employment or income stream issued by Jawatankuasa Kemajuan dan Keselamatan Kampung (“JKKK”) or similar body or Category A government servants and/or Penghulu/Ketua Kampung or any relevant supporting documents accepted by the Bank.

Bank Islam – LPPSA Scheme

Benefits & Features
  • Under construction / completed property
  • Financing Up to 40% of the SPA price or Current Market Value
  • Financing for:
    • MRTT (Mortgage Reducing Term Takaful) / MLTT (Mortgage Level Term Takaful) – Compulsory
    • Stamp Duty
    • Legal Fees
  • Tenure Maximum 35 years or age 70, whichever is earlier
Special Condition
Property Category
  • Landed or Non-Landed with Individual Tile of Strata. Properties under Master Title is Not Eligible
Documentation Solicitor
  • To choose the same solicitor with LPPSA
  • To ensure LPPSA solicitor is on our panel
Eligibility Criteria
  • Malaysian citizen
  • Spouse or Children of government staff or the government staff him/herself
  • Applicant must be one of the purchasers in the Sales Purchase Agreement
Required Document
  • As per Baiti Home Financing-i
Additional Documents
  • Letter of Offer (LO) from LPPSA
  • ‘Laporan Nilaian Pinjaman Perumahan’ from JPPH