Bank Islam Home Loan Term Loan


New Base Rate

5.40%(BR + 1.50%)

Bank Interest Rate


Lock In Period


Monthly Repayment

Is a Bank Islam Home Loan Right for Me?

There are 2 main Bank Islam home financing products which offer to the customers. Both Bank Islam home financing are semi-flexi package. One of the renowned Bank Islam Housing financing product namely Bank Islam’s Baiti Home Financing is a variable rate Islamic home financing offering an optional two-month break on monthly installments every November and December to keep up with the festive spending. This Bank Islam home financing is based on the principle of Tawarruq (the purchase of an asset with deferred price, then selling that asset to a third party to get cash). There are several benefits that you will gain from Bank Islam Home Financing. Via this Bank Islam home financing, you can attain better costs savings with the exclusion of a processing fee.

Bank Islam Home Financing has no lock-in period but Bank Islam home financing contain several fees and charges. In case of an early full redemption you can expect to pay up to 4% on your outstanding financing amount as a penalty fee. Bank Islam’s profit rates are also among the highest among Islamic banks in Malaysia.

The margin of financing offered by Bank Islam reaches up to 90% inclusive of MRTT (Mortgage Reducing Term Takaful) and financing tenure can be extended up to 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or until aged 70, whichever comes first. As long as you are aged between 18 and 70, you are eligible to apply the available Bank Islam home financing.

Am I Eligible for a Bank Islam Home Loan?

All residents and non-residents that are aged between 18 and 70 can apply for a Bank Islam Home Financing, as long as they are not bankrupt and have no legal action against them.

What Documents Will I Need to Prepare?

For your Bank Islam home financing application, you will need to provide some supporting documents to allow the bank to process your mortgage application. The documents needed are as 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 / crediting account statements

* 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