Home Financing-i is a financing based on Bai Bithaman Ajil. contract that applies method sale with deferred payment plan and it’s a fixed rate financing for the whole tenure.
Purpose of financing
Purchase of residential property from developer (under construction/completed)
Purchase of residential property from vendor (sub-sale).
Refinancing
Purchase of bungalow lot & for construction of the bungalow.
Purchase Shop house or commercial lot.
Packages
BBAHome House Financing
Corporate Employee Scheme
Refinancing Package
Eligibility
Individual/Joint Applicant
Malaysian citizen.
Entry level minimum 18 years of age/maximum 60 years of age.
With GIRO – i Saving Account.
Fixed income and capable of making repayment.
Proof of purchase / owned property.
Non - Individual (Organization)
Sole proprietor, partnership, private co. or public co. owned by Malaysian citizen.
In operation at least 2 years.
With strong and stable financial records.
Features
Third party financing is allowed
Higher margin of financing up to 110% i.e. inclusive of Mortgage Reducing Term Takaful (MRTT) and/or Long Term Houseowner Takaful (LTHT)
Tenure rescheduling tenor/monthly payment for partial settlement.
Benefits
Rate protection
Gives rebate for partial/early settlement.
Convenient mode of payment via BSN branches, ATM, Cash Deposit Machine (CDM) or Interbank Giro (IBG)
Financing Tenure
Minimum: 5 Year
Maximum: 40 Years (or age 65 years, whichever is earlier)
Documents Required
Individual /Joint applicant (if any)
Copy of applicant / joint applicant identity card.
Copy of last 2 month pay slip or last 3 months bank statement (if self employed).
Latest J Form / income tax declaration.
Copy of Sale and Purchase Agreement and/or document of the said property.
Copy of valuation report (for completed property only) from panel valuer.
Non Individual (Organization)
Memorandum of Articles & Associations.
Form 24 and Form 49
Company’s Resolution.
Audited Financial Reports (for 2 years) and latest 3 months bank statement.
Property Under Construction & Completed
Financing Amount : RM 200,000.00 & above
Non Zero Moving Cost
*Zero Moving Cost
Year 1 : 2.50%
Year 2 : 5.00%
Thereafter : 7.50%
Year 1 : 3.50%
Year 2 : 5.80%
Thereafter : 7.50%
Property Under Construction
Financing Amount : RM 100,000.00 – RM 199,999.00
Non Zero Moving Cost
*Zero Moving Cost
Year 1 : 1.00%
Year 2 : 5.50%
Year 3 – 10 : 7.50%
Thereafter : 7.75%
Year 1 : 1.00%
Year 2 : 6.00%
Year 3 – 10 : 7.50%
Thereafter : 7.75%
Completed Property
Financing Amount : RM 100,000.00 – RM 199,999.00
Non Zero Moving Cost
*Zero Moving Cost
Year 1 : 2.50%
Year 2 : 5.00%
Year 3 – 10 : 7.25%
Thereafter : 7.75%
Year 1 : 3.50%
Year 2 : 5.00%
Year 3 – 10 : 7.25%
Thereafter : 7.75%
*All legal costs are borne by BSN under Zero Moving Cost
CORPORATE EMPLOYEE SCHEME – i PACKAGE
This financing is offered with the co-operation of BSN and Corporate Company.
REFINANCING PACKAGE
Customer may get cash rebate from the difference between current outstanding balance and new refinancing amount (if any).
Note : Terms & Conditions apply
Bank Simpanan Nasional, Wisma BSN, 117, Jalan Ampang, 50450 Kuala Lumpur.
Tel: 603-2162 3222
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