Home Financing-i (Shophouse / Commercial)

Bank Rakyat offers financing for shophouse / commercial properties.

Tawarruq

Benefits

Malaysian Citizen
Age not less than 18 years old on the date of application and not more than 70 years old at the end of financing tenure
Not bankrupt
No bad records with any other Banks or financial institutions
Joint Application is allowed and must be related / direct family members:
1. Husband / Wife
2. Parents
3. Children
4. Siblings

Financing up to 90% including MRTT / Legal Fees / Valuation Fees

Package	Financing with MRTT
Shophouse / Commercial Lot	Profit Rate
As low as SBR + 2.25%

Package

Financing with MRTT

Shophouse / Commercial Lot

Profit Rate

As low as SBR + 2.25%

Standard Base Rate (SBR): 2.75%

MRTT = Mortgage Reducing Term Takaful

Maximum financing period 35 years or aged 70 years; whichever is earlier.

ITEMS	CHARGE
Wakalah Fee	RM28.30
Custodian of security documents after full settlement.	RM10.00 per set per month (inclusive 0% GST)
Issuance of statement for EPF withdrawal.	RM15.00 per document (inclusive 0% GST)

Category	Document
Fixed Income	Copy of MyKad; or Authority Card (Police / Military) Latest 3 consecutive months salary slips Latest 3 months of bank statement Latest EPF statement / EA form Confirmation Letter of Employment
Non Fixed Income (Source from Business)	Copy of MyKad; or Authority Card (Police / Military) Latest 6 months bank statement (Individual / Business) Business registration / Form 24 or 49 B Form with Payment Receipt?
Property Documents	Sale & Purchase Agreement Copy of Title Offer to Purchase from Developer Booking Receipt Memorandum of Sale: Auction Valuation Report: Completed / Auction / Subsale / Refinancing / Construction of House