AIA Fixed Rate Home Loan Package 1 (conventional)

Up to 35 years

Term loan

Fixed Interest Rate

5 years lock in period

Up to 90% margin

30 days approval


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 1

AIA's conventional term home loan has a fixed interest rate, giving you piece of mind and protection against changes in the Base 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

4.99% 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
  •  

Frequently Asked Questions about AIA Fixed Rate Home Loan Package 1

Things you might want to know

 

What is the AIA Fixed Rate Home Loan Package 1

AIA’s offers a conventional term loan mortgage with a fixed interest rate. Because the interest rate is not pegged to the Base Rate you’ll be protected against any movements in the market. If that’s the kind of worry which keeps you up at night then that’s a good thing.

Unlike the Package 2, AIA will not be handling for you the various transaction fees such as legal fees, stamp duty and valuation fees. Looking on the bright side, you are paying less interest on your monthly installments!

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

 

What are my obligations with this home loan?

For a start, you’re going to have a mortgage bill to pay every month.

Can I pay extra cash onto my mortgage and reduce my principal?

Yes, you can. As AIA calculates interest at daily rest you’ll be saving interest instantly.

 

Who can apply for this AIA housing loan?

Malaysians & Permanent Residents (Age 18 & Above)
Singaporean & 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 the MM2H program 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