AIA Housing Loan/Rfinance (Fix Rate 35years) Loan Up to 90% First & Scond House.
Faz 49 - Tue 18/Mar/2014 11:18am [Last Comment]
Faz 49 - Tue 18/Mar/2014 11:18am [Last Comment]
HOME LOANS ? TERMS & CONDITIONS
1. Interest Rate Packages
All packages are fixed for the entire loan duration
Package 1: 4.85%p.a
Package 2: 5.25%p.a (with Zero Moving Costs)
Package 3: 4.25%p.a (2 years), 4.99%p.a (Thereafter)
*Other terms and conditions apply
Benefits
Low Long Term Fixed Rates
Home owners are now expected to make higher payments for their home loans due to such increase in the BLR. With AIA Fixed Rate Home Loans, you can now enjoy security and peace of mind during the entire loan tenure.
Zero Moving Costs Feature
Lesser the burden of financing or refinancing without having to pay for any legal fees, stamp duty, disbursement and valuation fees for the loan documentations. You may also have the benefit of instant savings on your monthly installments by switching your existing home loan to AIA.
Value Added Features
Other than the conventional MRTA, you can now choose among many home loan insurance with some that generates guaranteed cash savings and protection or one that yields investment returns for retirement and protection.
Flexibility
An often overlooked aspect of our packages is the flexibility in making additional payments. AIA fixed rate packages is calculated at daily interest to allow borrowers to offset the capital with minimum restriction.
Real Capital Gains
As the value of your property appreciate over time, fixed the cost of interest payable over time as well to maximize your net capital gains.
2. Who can apply?
Open to:
i. Malaysians & Permanent Residents (Age 18 & Above)
ii. Singaporean & Bruneian Nationals
iii. Foreigners with a valid work permit / registered business in Malaysia / married to a Malaysian
iv. Participants of Malaysia My Second Home Program (documentary evidence / approval from Malaysia Government under the MM2H program is required~ prior to loan disbursement) ? for those under employment with multi-national companies only.
3. Types of Properties Financed
a) Completed with permanent Certificate of Completion & Compliance (CCC)
b) Land - Klang Valley, Penang, Seberang Prai, Sg. Petani, Kulim, Parit Buntar, Seremban, Johor Bahru, Batu Pahat, Muar, Ipoh, Kampar, Taiping, Kuantan, Malacca Town, Kota Kinabalu and Kuching.
c) Non-landed e.g. apartments, condominiums & townhouses ? Klang Valley, Ipoh, Melaka, Johor Bahru, Penang, Kuantan, Kota Kinabalu and Kuching.
Note:
(i) For leasehold land, the unexpired land lease must exceed 20 years upon maturity of the loan tenure. For East Malaysia, it must exceed 15 years.
(ii) Exclude financing of service apartments and residential properties with restriction in interest, Bumi Lot (with restriction to sell / transfer to non-bumi), located at landslip / flood prone area and T-junction as well as auctioned properties.
d) Under construction residential properties by approved panel of developers only
4. Minimum Loan Financed
Minimum Loan: RM100,000
Minimum Market Value: RM200,000
5. Loan Tenure
Up to 35 years or age 70 whichever is earlier.
6. Loan To Value / Margin of Finance (MOF)
MOF is up to 90% for both new purchase and refinance cases, subject to income & other eligibility.
MOF is based on Open Market Value (OMV) or purchase price whichever is lower for new purchase.
OMV shall be based on the valuation report prepared by AIA panel of valuers.
Exceptions can be considered on a case by case basis and at the discretion of AIA Bhd.
7. Miscellaneous Fees & Charges
ITEM FEES & CHARGES
(i) Request for redemption statement RM50 per request
(ii) Request for stop payment/replacement of cheque RM10 per request
(iii) Request for photocopies of loan or legal documents RM10 per document
(iv) Request for confirmation letter for EPF withdrawal RM20 per request
(v) Any ad-hoc request for additional / subsequent statement of loan account RM5 per request
*The above mentioned charges are subject to change from time to time,
*please consult us for fees/charges applicable for any other requests not stated above
8. Other Terms & Conditions
Valuation reports and loan documentation are to be handled by AIA?s panel valuers and solicitors.
Life policy and / or Mortgage Reducing Term Assurance (MRTA) are required.
A houseowner insurance policy on the property to be charged is required.
For non-landed properties, a certified true copy of the master policy with AIA Bhd endorsed as a mortgagee/chargee must be forwarded to AIA on a yearly basis.
All packages are for a limited period only and are subject to change.
For more detailed terms and conditions, please call us for further information.
Important: This is purely a product summary and shall under no circumstances be used or deemed as an offer to sell nor shall it be taken as a form of professional advice of any manner. Please contact us at
016-6872446(faiz)
Niche: Pinjaman Hartanah
1. Interest Rate Packages
All packages are fixed for the entire loan duration
Package 1: 4.85%p.a
Package 2: 5.25%p.a (with Zero Moving Costs)
Package 3: 4.25%p.a (2 years), 4.99%p.a (Thereafter)
*Other terms and conditions apply
Benefits
Low Long Term Fixed Rates
Home owners are now expected to make higher payments for their home loans due to such increase in the BLR. With AIA Fixed Rate Home Loans, you can now enjoy security and peace of mind during the entire loan tenure.
Zero Moving Costs Feature
Lesser the burden of financing or refinancing without having to pay for any legal fees, stamp duty, disbursement and valuation fees for the loan documentations. You may also have the benefit of instant savings on your monthly installments by switching your existing home loan to AIA.
Value Added Features
Other than the conventional MRTA, you can now choose among many home loan insurance with some that generates guaranteed cash savings and protection or one that yields investment returns for retirement and protection.
Flexibility
An often overlooked aspect of our packages is the flexibility in making additional payments. AIA fixed rate packages is calculated at daily interest to allow borrowers to offset the capital with minimum restriction.
Real Capital Gains
As the value of your property appreciate over time, fixed the cost of interest payable over time as well to maximize your net capital gains.
2. Who can apply?
Open to:
i. Malaysians & Permanent Residents (Age 18 & Above)
ii. Singaporean & Bruneian Nationals
iii. Foreigners with a valid work permit / registered business in Malaysia / married to a Malaysian
iv. Participants of Malaysia My Second Home Program (documentary evidence / approval from Malaysia Government under the MM2H program is required~ prior to loan disbursement) ? for those under employment with multi-national companies only.
3. Types of Properties Financed
a) Completed with permanent Certificate of Completion & Compliance (CCC)
b) Land - Klang Valley, Penang, Seberang Prai, Sg. Petani, Kulim, Parit Buntar, Seremban, Johor Bahru, Batu Pahat, Muar, Ipoh, Kampar, Taiping, Kuantan, Malacca Town, Kota Kinabalu and Kuching.
c) Non-landed e.g. apartments, condominiums & townhouses ? Klang Valley, Ipoh, Melaka, Johor Bahru, Penang, Kuantan, Kota Kinabalu and Kuching.
Note:
(i) For leasehold land, the unexpired land lease must exceed 20 years upon maturity of the loan tenure. For East Malaysia, it must exceed 15 years.
(ii) Exclude financing of service apartments and residential properties with restriction in interest, Bumi Lot (with restriction to sell / transfer to non-bumi), located at landslip / flood prone area and T-junction as well as auctioned properties.
d) Under construction residential properties by approved panel of developers only
4. Minimum Loan Financed
Minimum Loan: RM100,000
Minimum Market Value: RM200,000
5. Loan Tenure
Up to 35 years or age 70 whichever is earlier.
6. Loan To Value / Margin of Finance (MOF)
MOF is up to 90% for both new purchase and refinance cases, subject to income & other eligibility.
MOF is based on Open Market Value (OMV) or purchase price whichever is lower for new purchase.
OMV shall be based on the valuation report prepared by AIA panel of valuers.
Exceptions can be considered on a case by case basis and at the discretion of AIA Bhd.
7. Miscellaneous Fees & Charges
ITEM FEES & CHARGES
(i) Request for redemption statement RM50 per request
(ii) Request for stop payment/replacement of cheque RM10 per request
(iii) Request for photocopies of loan or legal documents RM10 per document
(iv) Request for confirmation letter for EPF withdrawal RM20 per request
(v) Any ad-hoc request for additional / subsequent statement of loan account RM5 per request
*The above mentioned charges are subject to change from time to time,
*please consult us for fees/charges applicable for any other requests not stated above
8. Other Terms & Conditions
Valuation reports and loan documentation are to be handled by AIA?s panel valuers and solicitors.
Life policy and / or Mortgage Reducing Term Assurance (MRTA) are required.
A houseowner insurance policy on the property to be charged is required.
For non-landed properties, a certified true copy of the master policy with AIA Bhd endorsed as a mortgagee/chargee must be forwarded to AIA on a yearly basis.
All packages are for a limited period only and are subject to change.
For more detailed terms and conditions, please call us for further information.
Important: This is purely a product summary and shall under no circumstances be used or deemed as an offer to sell nor shall it be taken as a form of professional advice of any manner. Please contact us at
016-6872446(faiz)
Niche: Pinjaman Hartanah
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