Compare the Best Student Loan Refinance Rates

In terms of pricing, Standard Chartered Saadiq is most competitive for properties and loan amounts exceeding RM600,000. Standard Chartered Saadiq offers two Sharia compliant home financing package based on the concept of Diminishing Musyarakah, which is the diminishing partnership via leasing.

The My Home-i package is a no-frills Islamic term loan with which you will enjoy stamp duty remission for new purchases and full stamp duty waiver when you refinance from a conventional home loan.

The My HomeOne-I package is a full-flexi home financing that is combined with a current account and gives you the flexibility to save on financing costs by depositing your surplus cash. Standard Chartered Saadiq also provides a ceiling rate protection for both the home loan packages, thus shielding you from some Base Financing Rate fluctuations and protecting you from rising financing rates. Standard Chartered Saadiq Home Loan has no lock in period, which is the best you can get compared to other home loan products. That means that you can repay your loan as soon as you like without having to pay an early settlement fee.

AFFIN ISLAMIC offers two innovative home financing packages – Home Invest-i and Home Assist Plus-i. Both packages are part of a new financing product based on Musharakah Mutanaqisah (MM) or Diminishing Partnership.

For those intending to finance less than RM200,000, Home Assist Plus-i from AFFIN ISLAMIC would be the ideal package. The offer includes up to 95% margin-of-financing packages, inclusive of 5% Mortgage Reducing Term Takaful (MRTT) financing. The profit rate on all AFFIN ISLAMIC’s home financing packages are calculated on a daily rest basis.

For property value of RM200,000 and above, you may apply Home Invest-i, and get up to 95% margin-of-financing packages, inclusive of 5% MRTT financing. Applicants may apply for a maximum financing period of 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or up to age 70, whichever comes earlier.

What Documents Will I Need to Prepare?

If you have applied for an AFFIN ISLAMIC home financing, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

* NRIC / Identity Card

* Latest 3 consecutive months of salary slips / vouchers

* Latest 3 months Bank Statement (where salary is credited)

* Latest BE/EA Form

* Booking or Downpayment or Original Sale and Purchase Agreement

* Title Deed (if applicable)

* Six months financing statements from existing bank for refinancing

* Latest EPF Statement

* Employment Letter from employer addressed to Affin Islamic

* Duly completed Application Form

Alliance ONE Account is a mortgage refinancing service which maximizing your property’s positive value.You can consolidate all of your loans into ONE account and reduce your monthly repayment. Alliance Bank is offering up to 95% margin of financing (inclusive of legal fees and insurance/takaful financing) on the current value of your equity, with tenure of up to 35 years. The margin of financing for Overdraft Facility/Cashline Facility-i is up to 70%.

AOA helps you to pay off your current loans/financing balances, conveniently consolidating multiple repayments into a single, easy to manage, financing scheme. This means you will have one monthly repayment that’s lower than all your other repayments combined. Flexible repayment options lets you decide how you want to repay the Overdraft Facility/Cashline Facility-i. Take your time to lower monthly repayment, or just enjoy the peace of mind from having a few monthly commitments to worry about.

What Documents Will I Need to Prepare?

If you have applied for an Alliance ONE Account, you will be asked to provide these supporting documents in order for the bank to process your application. These documents are listed below:

* Application Form

* NRIC / Identity Card

* Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer

* Copy of Individual Title Deed

* Property Valuation Report (for completed properties)

* Latest 3 consecutive months of salary slips / vouchers

* Latest 6 consecutive months of commission statement

* Latest EPF statements (with 3 consecutive months or more transaction history)

* Latest EA form

* Latest 6 months Bank Statement

* Letter of Confirmation of Employment and Remuneration

MBSB offers various exclusive MBSB housing loans products. One of the popular home loan products is called MBSB Home Financing, which is available for completed and under construction properties. Zero entry cost packages are available for all loans above RM150,000. MBSB also offers you MBSB home loan with competitive rates in the market.

The margin of financing for MBSB home loans can go up to 100% and loan tenure is available for a maximum of 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or up to age 70, whichever comes earlier. This MBSB housing loan also includes the MRTA financing of 5%. Purchase of Mortgage Reducing Term Assurance (MRTA) and Personal Accident Insurance (PA) from MBSB is compulsory. Another key feature of this MBSB housing loan is its fast approval. MBSB Home Loan has a lock in period of 5 years, which is one of the longest lock-in-periods in the market. This particular MBSB home loan also waives the processing fees for residential property. To repay your monthly MBSB home loan instalment, there are various payment channels including online payment through Maybank2u and CIMB Clicks.

Like any other financial institutions, MBSB housing loans also impost certain charges and fees such as stamp duties, legal fees and valuation fees. You will also face the late payment charge if you do not make repayment on time. Therefore, you need to really commit when you sign up for MBSB housing loans.

There are several benefits that you will gain when you sign up to this exclusive Public Bank housing loan product. Firstly, you can save even more as interest rates are calculated on daily basis. Via Public Bank housing loan, you are entitled to credit cards with Exclusive Annual Fee waiver for the entire loan tenure for eligible customers. You can also opt for redraw facility when you sign up to this particular Public Bank housing loan.

Each of Public Bank’s home loan plans offer a zero entry cost option. The margin of financing for Public Bank Home loans can go up to 100% inclusive of legal fee, stamp duty and MRTA (Mortgage Term Reducing Assurance) financing. Home loans are available for a tenure of up to 35 years, or until the borrower reaches 70 years of age. Purchase of Mortgage Reducing Term Assurance (MRTA) and Personal Accident Insurance (PA) is compulsory.

Public Bank has an exclusive tool namely Public Bank home loan calculator for you to estimate your monthly repayment. So how to use this Public Bank home loan calculator? Just log on to brand new Public Bank official website and search for the Public Bank housing loan calculator. Then just insert the costs of the house, your monthly income and your desired loan tenure into the exclusive Public Bank housing loan calculator; then you will find out how much you could borrow and how much you need to pay every month. That’s how the Public Bank mortgage calculator works.

What Documents Will I Need to Prepare?

If you have applied for a Public Bank Home Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

* Application Form

* NRIC / Identity Card

* Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer

* Copy of Individual Title Deed

* Property Valuation Report (for completed properties)

* Latest 3 consecutive months of salary slips / vouchers

* Latest 6 consecutive months of commission statement

* Latest EPF statements (with 3 consecutive months or more transaction history)

* Latest EA form

* Latest 6 months Bank Statement

* Letter of Confirmation of Employment and Remuneration

The home loan products offered by Public Islamic Bank are Islamic Shariah-compliant home financing packages. Public Islamic Bank’s best product is the full-flexi Home Save-i package, which comes with a linked current account. Keep extra funds such as savings in this current account to reduce the interest payments on your home loan. Withdrawals can be made flexibly at no cost or redrawal fee.

Other packages include the Home/Term Equity Financing-i, which is a basic term loan with the option of a redraw facility. ABBA Financing-I is a variable rate home loan with the same optional redraw facility. 5 Home Loan comes with an option for fixed rate Islamic financing, and has a zero entry cost option.

Public Islamic Bank Home Loan comes with a lock in period of 3 years. If you refinance or sell your property within a 3 year period, you will need to pay an additional 2% of the outstanding loan amount to the bank.

What Documents Will I Need to Prepare?

Application for Public Islamic Bank home loan will need to be accompanied with some supporting documents in order for the bank to process your application. Some of the documents are:

* Application Form

* NRIC / Identity Card

* Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer

* Copy of Individual Title Deed

* Property Valuation Report (for completed properties)

* Latest 3 consecutive months of salary slips / vouchers

* Latest 6 consecutive months of commission statement

* Latest EPF statements (with 3 consecutive months or more transaction history)

* Latest EA form

* Latest 6 months Bank Statement

* Letter of Confirmation of Employment and Remuneration