CIMB Term Financing-i

Up to 35 years

Term Islamic financing

Fixed Profit Rate

0 years lock in period

Up to 85% margin


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

CIMB Term Financing-i

Enjoy zero lock-in period, processing fee waivers, and comprehensive GMPT insurance - only withCIMB Term Financing-i

    • Up to 35 years
    • Term Islamic financing
    • Fixed Profit Rate
    • 0 years lock in period
    • Up to 85% margin of finance
    •  
  •  

You Borrow

Estimated Profit Rate

more than RM200000

5.35% p.a.
  • *Effective profit rate will be determined by CIMB 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 - 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 - GMTP

*inclusive of 6% GST

 

Requirements

Are you eligible for this CIMB home financing?

Minimum annual income - RM30000

Minimum age - 18 years old

Maximum age - 65 years old

Who can Apply - Malaysians

  • Permanent Residents
  •  

Frequently Asked Questions about CIMB Term Financing-i

Things you might want to know

 

What is this CIMB Term Financing-i?

CIMB Term Financing-i is a home loan based on the concept of Commodity Murabahah, which adheres to the act of purchasing an asset at a deferred price, then selling it to a third party in exchange for cash. - Syariah compliant? Checked!

Subject to your credit worthiness CIMB can finance as much as 85% of the value of your new property, whether complete or under construction. You can also opt for an additional 5% in financing, which includes GMPT insurance policy, an insurance coverage especially for CIMB Islamic home loans.

 

What commitments do I have?

Following conventional Islamic banking your monthly installments are calculated based on the Profit Rate at which the bank is entitled to earn money. This is determined by the IBR, the Islamic equivalent of BR, and may be influenced by changes in the market climate.

 

What does the Insurance cover?

By signing-up for GMTP insurance, you will be covered should any unexpected event prevent you from making payments on your mortgage.

 

What advantages do I get with this home loan?

There are no processing fees on this home loan. Hold on, there's more good news for your wallet - the bank's profit charges is non compounding, and it is capped against very high increases in the Islamic Base Rate.

Who can apply?

Malaysians and permanent residents are most welcome to apply. Unfortunately, foreigners who are here in Malaysia on the MM2H scheme are not allowed to tuse this mortgage product.

 

What documents are needed when I apply for this home loan?

If you are an employee earning a salary:

  • NRIC photocopy
  • Latest 3 months’ salary slip
  • EA form / EPF statement (last 2 years)
  • Sales & Purchase Agreement / Booking receipt from developer
  •  

If you are self-employed:

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