AmBank Islamic HomeLink-I (Islamic)

Up to 35 years

Flexi Islamic financing

Floating Profit Rate

3 years lock in period

Up to 90% margin of finance

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 HomeLink-i

Ambank Islamic provides you with an Islamic mortgage that lets you reduce tenure by many years with extra repayments on your linked current-account-i

    • 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

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

Processing Fee - RM212.00 and additional RM106 for setup fees

Monthly Fee - RM10.60

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 HomeLink-i

Things you might want to know

 

How does HomeLink-i work?

AmBank Islamic HomeLink-i is a fully Syariah compliant mortgage which adheres to the principle of of Bai BithamanAjil (

 

Do I really need the insurance?

Group Mortgage Reducing Term Takaful ( MRTT) would is a great choice to make as it will protect you from losing your family's property due circumstances that you cannot control, or foresee. It is also compulsory to have fire insurance.

 

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

The profit rate on this mortgage may vary if the IBR changes. Any interest rate increase will result in higher monthly installments. If you have problems meeting your loan obligation, feel free to contact AmBank Islamic to discuss payment alternatives.

Thankfully, a very high IBR won't harm you as much with a capped profit rate policy set up by the bank. The cap is set at 9.99%, which is quite competitive.

 

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