SMIfunding - HSBC Amanah

HSBC Amanah Home Loan

Flexible Home Loan package
Stamp duty waver for refinancing

Terms & Conditions

Minimum Age: 21 years
Loan Tenure: Up to 35 Years
Margin of Finance: 90%
Suitable for: Completed homes, under-construction properties, refinancing

Is a HSBC Amanah Home Loan Right for Me?

HSBC Amanah offers a flexible Islamic home loan package based on the principle of Diminishing Musharakah. With the Home Smart-i home loan you can make prepayments and withdrawals anytime you want without charges or prior notice. Besides, you can consolidate all your deposits including salary and savings into one HomeSmart-i account and reduce the total amount of payment.

The features of the HSBC Amanah home loan packages include a margin of financing of up to 90% and a loan tenure of up to 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or until the borrower reaches the age of 65, whichever is earlier. With the HSBC Amanah home loan package you can get Takaful Products for complete home and personal protection.

HSBC Amanah Home Loan Packages

HSBC Amanah offers the flexible Islamic home loan product Home Smart-i which gives you the flexibility to adapt to different priorities that may arise in the future. The table below summarises the key features of both packages.

Product	Key Features	Is this a flexi package?
Home Smart-i	Make prepayments and withdrawals on excess payments anytime without notice or charges Banking convenience via ATM, cheque book and Internet banking 20% stamp duty waiver on financing documents on new home purchases Stamp duty waiver for refinancing from your existing conventional home loan to HomeSmart-i (For outstanding principal balance only)	Yes

Details of HSBC Amanah’s Flexi Home Loan Packages

Every month, borrowers can make extra repayments to reduce the monthly charges that they incur through flexi home packages. A potential borrower should always considers the requirements, fees and conditions, together with the benefits for these packages.

	Home Smart-i
Flexi type	Full-flexi
Is a linked bank account required?	No
Account Maintenance Fees	RM10 per month
Redrawal Fees	No

Am I Eligible for an HSBC Amanah Home Loan?

Borrowers must be aged 18 and above.

What Documents Will I Need to Prepare?

You will need to provide some supporting documents if you are applying for HSBC Amanah Home Loan to allow the bank to process your application. Some of the documents required are:

Application Form
NRIC / Identity Card
Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer
Copy of Individual Title Deed
Property Valuation Report (for completed properties)
Latest 3 consecutive months of salary slips / vouchers
Latest 6 consecutive months of commission statement
Latest EPF statements (with 3 consecutive months or more transaction history)
Latest EA form
Latest 6 months Bank Statement
Letter of Confirmation of Employment and Remuneration

Is It Easy to Repay my HSBC Amanah Home Loan?

HSBC Amanah has a big network of branches in Malaysia which makes it very convenient to make repayments. The following methods can be used for repaying HSBC Amanah home loans.

Online Transfer

Transfer funds from your HSBC Amanah Savings or Checking accounts to make your payments online

MEPS

Pay your loans at any of the MEPS ATMs (over 5,000) nationwide

Interbank GIRO

Pay your loans through the Interbank GIRO fund transfer at the participating bank’s branch or through online banking

Standing Instruction Facility

Automatic deduction from your bank account every month

HSBC Amanah ATMs

Transfer funds from your HSBC Amanah Savings or Checking accounts to make your payment at all HSBC branches

Express Payment machine

Make a check or cash deposit at HSBC Amanah branches

Payment by mail

Mail to HSBC Amanah with your check and statement enclosed in an envelope

Phone Banking

Issue instructions to have your bank account deducted to pay for your home loan with your T-PIN