CIMB Islamic Home Loan Flexi Loan

CIMB Islamic Bank provides Shariah compliant property financing through its product like Variable Home Financing-i, Flexi Home Financing-i and Home Flexi Smart-I. It is based on the concept of Ijarah Muntahiyah Bittamik that offers the transfer of property ownership at the end of tenure by paying a nominal amount to the bank.

CIMB Islamic has reinstated a zero lock-in period, down from 3 years lock-in previously. New CIMB Islamic customers will be able to refinance or sell their property without incurring the early settlement penalty.

The margin of financing offered by CIMB Islamic Bank reaches up to 95% and maximum loan tenure is 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or up to age 70, whichever comes first.

What Documents Will I Need to Prepare?

If you have applied for a CIMB Islamic 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