AIA Fixed Rate Home Loan

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Nurul Abdul Karim

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With Zero Moving Cost

4.99% p.a FIXED - Completed Properties RM 300,000 and above
- Under Construction RM 500,000 and above

5.39% p.a FIXED - Completed Properties below RM 300,000
- Under Construction below RM 500,000

Non Zero Moving Cost

4.99% p.a FIXED - Completed Properties below RM 300,000
- Under Construction below RM 500,000

Loan Tenure: Up to 35 years or age 70 whichever is earlier.
Minimum Loan: RM 100,000
Minimum Market Value: RM 200,000


Margin of Financing (MoF)
• MoF is based on Open Market Value (OMV) or purchase price whichever is lower for new purchase.
• OMV shall be based on the valuation report prepared by AIA panel of valuers.
• MoF is up to 90% for New Purchase and up to 80% for refinance cases.
• Exceptions can be considered on a case by case basis and at the discretion of AIA Bhd.



Who can apply?
• Individual Malaysian Citizens or permanent residents.
• For Self Employed - The business established for at least 3 years and operating profitability for the past 3 years.
• Foreigners residing and employed in Malaysia for a period of time with valid working permit or are with Malaysian spouses.


Other Terms and Conditions
• Life policy and/ or Mortgage Reducing Term Assurance (MRTA) are required.
• A house owner insurance policy on the property to be charged is required.
• For non-landed properties, a certified true copy of the master policy with AIA Bhd endorsed as a mortgagee/charge must be forwarded to AIA on a yearly basis.
• Zero Moving Cost refer to the legal fees, stamp duty, disbursement and valuation for the loan agreement only.
• Properties Financed Completed residential properties
• With Permanent Certificate of Completion & Compliance (CCC).
• Landed - Klang Valley, Penang/Seberang Prai, Sg. Petani, Kulim, Parit Buntar, Seremban, Johor Bahru, Batu Pahat, Muar, Ipoh, Kampar, Taiping, Kuantan, Melaka Town, Kota Kinabalu and Kuching only.
• Non-landed (ie. apartments, condominiums & townhouses) - Klang Valley, Penang, Ipoh, Melaka, Kuantan, Johor Bahru, Kota Kinabalu and Kuching only.
• Note: For leasehold land, the unexpired land lease must exceed 30 years after deducting the loan tenure with the remaining loan lease. Except for Kuching, it must exceed 15 years and upon application land lease must be at least 21 years.
• Excluding residential properties located at landslip/ flood prone area/ oxidation pond/ power station, T-junction, native land, Malay reserve land and Bumi lot status (except for property’s market value of RM500, 000 and above).
• Under construction properties - available within AIA’s approved list of panel of developers and projects
 
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gabrielchu

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Can anyone advise other latest and more competitive rates from other banks for home loan?
 

Nurul Abdul Karim

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Non Zero Moving Cost
4.99% p.a FIXED - Completed Properties RM 300,000 and above
- Under Construction RM 500,000 and above

Zero Moving Cost
5.25% p.a FIXED - Completed Properties below RM 300,000
- Under Construction below RM 500,000


Loan Tenure: Up to 35 years or age 70 whichever is earlier.
 

Nurul Abdul Karim

Fun Poster
Joined
Oct 11, 2010
Messages
454
Reaction score
0
Points
10
Non Zero Moving Cost
4.99% p.a FIXED - Completed Properties RM 300,000 and above


Zero Moving Cost
5.25% p.a FIXED - Completed Properties below RM 300,000



Loan Tenure: Up to 35 years or age 70 whichever is earlier.
 
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