AmBank Islamic Home-i (Islamic)

Up to 35 years

Semi-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

AmBank Islamic Home-i

Plan ahead with this Shariah compliant home loan from AmBank Islamic - fixed monthly repayments and an interest cap protect you from the unknown.

    • Up to 35 years
    • Semi-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

RM100000 - 199999

4.45% p.a.

more than RM200000

4.25% p.a.
  • *Effective profit 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 - MRTT

*inclusive of 6% GST

 

Requirements

Are you eligible for this AmBank home financing?

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 Islamic Home-i

Things you might want to know

 

What is AmBank Islamic Home-i?

Home-i is an Islamic semi-flexi loan. Based on the concept of MusharakahMutanaqisah (MM) and Bai’ BithamanAjil (

 

What are the risks associated with these kinds of home loans?

Seeing that you've protected yourself from market forces, you think you've got it all covered right? But sometimes having a fixed repayment scheme can be restricting in a sense that you cannot reduce you interest or principal amount with excess deposits, if you happen to have more money laying around.

There is also a possibility that variable rates might be lower than your fixed rate, leaving you to miss out on lower repayments elsewhere.

 

Who can apply for this home finance?

To be eligible for this home loan, your income should exceed at least three times the sum of your potential monthly installments. This loan is open for all Malaysians, permanent residents, and foreigners with valid working permits who are 18 years old and above.

 

What documents are needed when applying?

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