Why should I get this financing?
For those who require higher financing arrangements, Commodity Murabahah Home Financing-i provides for financing eligibility of up to 70% of your gross income*, and a high financing margin of up to 90% with Mortgage Reducing Term Takaful (MRTT), and up to 85% without MRTT.
Plus longer financing tenures of up to 25 years or age 60, whichever is earlier.
Commodity Murabahah Shop House Financing-i is based on the principle of Murabahah (cost plus profit), the Bank provides home financing to customers via trading of identified Shariah-compliant commodities such as Crude Palm Oil and RBD Palm Olein.
Anything else I need to know?
You have a choice of affordable fixed, tiered or variable profit rate, no compounding of profit and other charges and no early settlement charge / lock-in period penalty.
There is protection of ceiling rate upon the fluctuation of Islamic Base Rate (IBR) throughout tenure, a 20% reduction on stamp duty for new financing & waiver of conversion from Conventional facility and granting of rebate for early settlement.
And hassle free for third party financing, plus minimal documentation compared to other home financing plans
First are you an individual, small business, joint applicant, resident or non-resident?
And do you require financing for purchase of completed or under construction commercial properties?
Or, refinancing, remortgaging, additional financing or restructuring?
Ok? Then we can move on to the documents we'll need with your application:
You will need Identity Documents
• For Residents – NRIC/Identity Card
• For Non-residents – Latest valid passport & visa/working permit/employment pass
• For Self-employed Applicants –Please also include the business registration form/ Form 24 & 29.
You will need Property Documents
• Copy of Sales & Purchase/Booking Receipt or Letter of Offer from Developer
• Copy of Individual Title Deed
• Property Valuation Report (for completed properties)
And you will also need Income Evidence
For salary earners/gainfully employed
• Latest 3 consecutive months salary slips/vouchers
• Latest 6 consecutive months of commission statement
• Latest EPF statement
• Latest EA form
• Latest 6 months bank statement
• Letter of confirmation of employment and remuneration.
For self employed (including Sole-Proprietorship, Partnership, Commission earners)
• Latest certified/audited financial statements
• Latest statement of commission Issued by company
• Latest EPF statements
• Latest B/BE Form/e-Filing
• Latest 6 months bank statements.
That's it! Scroll down to the bottom of the page to apply now.
What about the small print?
We recommend you go through the small print in detail before you purchase your financing
Everything you need to know is here, just click to download these PDF documents.
Product Disclosure Sheet
About Us
Personal Banking
Business Banking
Global Banking
Shariah COE
Customer Service
