AIA Fixed Rate Home Loan Package 2 (conventional)

Up to 35 years

Term loan

Fixed Interest Rate

5 years lock in period

Up to 90% margin


Borrowing RM Monthly Repayment
RM


Profit Rate

%
How Long Year
max 35 Year
Flexi/Term Lock in Period Islamic or Conventional
All Flexi Term All Yes No All Islamic Conventional

AIA Fixed Rate Home Loan Package 2

Everyone's favourite American Insurance company offers a conventional home loan with a fixed interest rate.

    • Up to 35 years
    • Term loan
    • Fixed Interest Rate
    • 5 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
    •  
  •  

You Borrow

Estimated Interest Rate

more than RM100000

5.39% p.a.

  • *Effective interest rate will be determined by AIA upon approval.

 

Fees & Charges

There are always fees but how much are they?

Late Penalty Fee - 1% p.a. of the outstanding amount

Processing Fee

Early Settlement Fee - Subject to terms of agreement with issuer

Redemption Letter Fee - RM53.00 per request

Letter for EPF Withdrawal Fee - RM21.20 per request

Insurance Types - MRTA

*inclusive of 6% GST

 

Requirements

Are you eligible for this AIA home loan?

Minimum annual income - RM24000

Minimum age - 18 years old

Maximum age - 70 years old

Who can Apply - Malaysians

  • Permanent Residents, Foreigners residing in Malaysia with valid working permit
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Frequently Asked Questions about AIA Fixed Rate Home Loan Package 2

Things you might want to know

 

What is the AIA Fixed Rate Home Loan Package 2 and what can it do for me?

AIA offers a conventional term loan with a fixed interest rate protecting you from market movement in the BR. No matter what happens you’ll rest assured that you’re paying the same interest rate right throughout your mortgage term.

With this Zero Moving Cost (ZMC) mortgage, AIA will absorb all transaction fees such as legal fees, stamp duty and valuation fees, BUT, you will end up paying higher interest charges. So if you financials are rather tight in the beginning, you might want to give this a go!

Subject to credit check and approval AIA will be able to finance up to 90% of the total value of a new or refinanced property.

 

What are my obligations if I apply for this housing loan?

Well, you’ll have to pay your mortgage every month. Your installments are calculated based on a fixed interest rate. Any movement in the BR will have zero effect on your repayments. So less stress if that’s the kind of thing you worry about.

 

Can I pay money onto my mortgage to reduce the principal?

Yes, you can. You can make instant deposits whenever you like, reducing the principal and therefore the interest that you will pay on your home loan.

 

Sounds great – what are the main benefits of this AIA home loan?

A fixed interest rate might suit you if you are worried about the BR going up over your mortgage term. For some, this means security and peace of mind. Others prefer to hedge against the possibility of falling BR.

 

Who can apply for this AIA housing loan?

Malaysians and Permanent Residents (Age 18 & Above)
Singaporean and Bruneian Nationals
Foreigners with a valid work permit / registered business in Malaysia / who are married to a Malaysian
Participants of Malaysia My Second Home Program (documentary evidence / approval from Malaysia Government under MM2H is required prior to loan disbursement)

 

What documents do I need to present with my home loan application?

If you are an employee earning a salary

NRIC photocopy
Latest 3 months salary slip
Letter of Employment
Sales & Purchase Agreement/ Booking receipt from developer
Valuation report

 

If you are self-employed

NRIC photocopy
Latest 3 months salary slip
Latest 6 months bank statement
From 24 & 49
Sales & Purchase Agreement/ Booking receipt from developer
Valuation report
Copy of the Title Deed