AmBank Home Loan (conventional)

Up to 35 years

Semi-Flexi loan

Floating Interest Rate

3 years lock in period

Up to 90% margin

30 days


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

AmBank Home Loan

Gives you the option of a term loan or a combination of a term loan and an overdraft account, with flexible repayments and the ability to redraw

    • Up to 35 years
    • Semi-Flexi loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
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You Borrow

Estimated Interest Rate

RM100000 - 199999

4.45% p.a.

more than RM200000

4.25% p.a.
  • *Effective interest rate will be determined by AmBank 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 - RM10.60 for each withdrawal

Processing Fee - RM212.00

Early Settlement Fee - 2% of the original loan amount

Redemption Letter Fee - RM53.00 per request

Letter for EPF Withdrawal Fee - RM21.20 per request

Cancellation Fee - RM50 per account upon acceptance of letter of offer

Insurance Types - MRTA 

*inclusive of 6% GST

 

Requirements

Are you eligible for this AmBank 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 AmBank Home Loan

Things you might want to know

 

What do I need to know about AmBank Home Loan?

The AmBank Home Loan is a conventional semi-flexi mortgage based on a floating interest rate. You have a choice of conventional term loan, or a combination of term loan and overdraft that lets you withdraw extra money that you’ve paid onto your mortgage, giving you the freedom to get more cash whenever you need it!

Subject to approval and credit check AmBank will be able to finance up to 95% of the value of your property. You can also opt for an additional 5% that will go towards your MRTA insurance.

 

If I sign up for this mortgage what are my commitments?

The big commitment is the monthly mortgage installment. Your total loan repayment may vary if BR changes but that can go up as well as down.

Be warned, AmBank has strict penalty charges. If you fail to pay your installments for two consecutive months your interest rate might be raised, resulting in higher overall repayments.

 

Do I need to take insurance with this home loan?

Group Mortgage Reducing Term Assurance ( MRTA) is highly recommended to hedge the risk of losing your family's property due to unforeseen circumstances. Fire insurance is compulsory.

What are some really good things about the AmBank Home Loan?

Option to deposit extra repayments to reduce loan interest charges, leading you to have more money saved and hopefully, a mortgage paid off sooner. Excess repayment can be withdrawn as cash in times of need, especially useful in emergencies. To deposit extra repayment or to withdraw the money, you need to notify the bank 3 days in advance. You also don't have to pay for the monthly fees to enjoy such flexibility.

 

What documents do I need to present to my loan officer?

If you are an employee earning a salary:

NRIC photocopy
Salary slips (last 3 months)
EA form/ EPF statement (last 2 years)
Sales & Purchase Agreement/ Booking receipt from developer

 

If you are self-employed:

NRIC photocopy
Salary slips (last 3 months)
EA form/ EPF statement (last 2 years)
Sales & Purchase Agreement/ Booking receipt from developer
Business registration A&D
Last 3 months bank statement