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AFFIN Advance-i

Features

Financing Margin

5% of property value(aligning to current ancillary financing but capped at RM150,000)

Financing Tenure

Up to 10 years or age 70, whichever is earlier

Financing Amount

Minimum : RM 5,000
Maximum: RM150,000

Benefits

Financing for Ancillary Costs

Finance the ancillary cost of Mortgage financing, including:

  • Takaful Contribution
  • Legal fees; and/or
  • Stamp duty; and or
  • Valuation fees
  • or any other ancillary cost approved by the Bank
Shariah-Compliant Financing

Based on the Shariah concept of Tawarruq.

Ceiling Profit Rate
​​​​​​​
Get protected against a higher rate by profit rate capped at 12% per annum.

Rebate for Early Settement

Enjoy zero fee for early settlement before maturity and be rewarded with rebate (ibra’) which is equivalent to the deferred profit at the point of settlement.

Takaful Coverage
​​​​​​​
  • House Owner Takaful is compulsory.
  • Reducing Term Takaful (RTT) is highly encouraged to ensure that you and your family are protected.

Eligibility

  • Eligible individual of age 21 - 60 years.
  • Payment capacity to be assessed as per existing approved credit policy e.g. based on customer’s payment capability.
  • New and Existing Affin Islamic Bank/Affin Bank’s mortgage customers.

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