Alliance Bank i-Wish Home Financing-I (Islamic)

Up to 35 years

Flexi Islamic financing

Floating Profit Rate

3 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

Alliance Bank i-Wish Home Financing-i

No setup, processing or maintenance fees with this conventional Syariah compliant home loan based on the concept of Bai BithamanAjil

    • Up to 35 years
    • Flexi Islamic financing
    • Floating Profit Rate
    • 3 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
    •  
  •  

You Borrow

Estimated Profit Rate

more than RM300000

4.37% p.a.
  • *Effective profit rate will be determined by Alliance Bank upon approval.

 

Fees & Charges

There are always fees but how much are they?

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

Withdrawal Fee - RM53.00 for each withdrawal

Processing Fee - No Fee

Early Settlement Fee - Subject to terms of agreement with bank

Redemption Letter Fee - RM53.00 per request

Letter for EPF Withdrawal Fee - RM21.20 per request

Insurance Types - MRTT

*inclusive of 6% GST

 

Requirements

Are you eligible for this Alliance Bank home financing?

Minimum annual income - RM24000

Minimum age - 21 years old

Maximum age - 70 years old

Who can Apply - Any nationality

 

Frequently Asked Questions about Alliance Bank i-Wish Home Financing-i

Things you might want to know

 

What do I need to know about this mortgage?

Alliance Bank-i Wish Home Financing-i is based on the Syariah principle of the Bai BithamanAjil 

 

What's so great about i-Wish Home Financing-i?

  • Reduced fees - No set up or monthly maintenance fee to be paid, allowing you to allocate funds to other things!
  • Lower Bank profit rate - helps you to hedge against a higher IBR rate, to minimise your repayments.
  • Financial Security - A fixed monthly repayment scheme can be beneficial for those who prefer to allocate their finances elsewhere for other investments while paying a fixed amount on their mortgage without worry.
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What documents are needed when applying?

Salaried applicant:

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

 

Self-employed applicant:

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