Kuwait Finance House Home Loan Term Loan

Kuwait Finance House offers Shariah-compliant home financing packages targeted specifically for Islamic baking customers, such as Ijarah Muntahiah Bi Tamlik Asset Acquisition Financing-i, which can be set up as a combination of term loan and overdraft, and Ijarah Mausufah Fi Zimmah Asset Acquisition Financing-I, a variable rate Islamic home financing package, which is particularly designed for financing of under construction properties.

Kuwait Finance House Home Loan entails a no lock-in period. The features of Kuwait Finance House’s home loan packages include a margin of financing of up to 90% and a loan tenure of up to 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or until the borrower reaches the age of 70, whichever is earlier.

What Documents Will I Need to Prepare?

For the bank to process your Kuwait Finance House Home Loan application, you will need to provide some supporting documents such as:

* 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