Non Citizen

Financing-i

i. Home Financing-i Non- Citizen

Concept

Tawarruq

Purposes

Completed property & Property under Construction from the Developer for owner-occupied
Sub Sale Property for owner-occupied

Requirements

Min age 18 years old on the date of application and not exceed 50 years old at the end of financing tenure
Minimum gross income of RM10,000 per month.
Not bankrupt.
No bad records with any other Banks or financial institutions.
Joint Application is allowed and must be related / direct family members:

Husband / Wife
Parents
Children
Siblings

Margin of Financing

Financing up to 80% + 5% (MRTT / Legal fees / valuation cost)

Profit Rate

Package.	With MRTT	Without MRTT
MM2H / S-MM2H	As low as SBR + 1.70%	As low as SBR + 1.90%

Standard Base Rate (SBR): 3.00%

MRTT = Mortgage Reducing Term Takaful

Financing Tenure

Minimum: 5 years

Maximum: not exceed 50 years old at the end of financing tenure.

Fees & Charges

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

Payment Methods

Salary Deduction
Salary Transfer
Saving Deduction
Electronic Payment

Required Documents

Copy of Passport valid for at least six (6) months before expiry.

Copy of valid Work Permit with at least six (6) months prior to expiration.

Employer confirmation letter.

Original copy of last salary slip and photocopy of salary slip for the last three (3) months.

Photocopy of Bank Statement /Bank account book where salary is credited for the last 3 months.

Annual Income Statement / Annual Tax Statement.

A copy of the relevant National Identity Card to ensure that the customer is not a Permanent Resident (PR) or Citizen of Israel.

Credit Report from the National Bank / Licensed Company from the Country of Origin for evaluation of total commitment and record of payment of financing installments.