MBSB Ultimate (conventional)

 

Up to 35 years

Term Islamic financing

Floating Profit Rate

5 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

MBSB Ultimate

An exclusive home loan with unparalleled benefits and privileges designed especially for those who want to borrow more than RM500000

    • Up to 35 years
    • Term Islamic financing
    • Floating Profit Rate
    • 5 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
    •  
  •  

You Borrow

Estimated Profit Rate

more than RM500000

5.85% p.a.
  • *Effective profit rate will be determined by MBSB 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 - RM106.00 per request

Letter for EPF Withdrawal Fee - RM53.00 per request

Insurance Types - MRTA

*inclusive of 6% GST

 

Requirements

Are you eligible for this MBSB home financing?

Minimum annual income - RM24000

Minimum age - 18 years old

Maximum age - 75 years old

Who can Apply - Any nationality

 

Frequently Asked Questions about MBSB Ultimate

Things you might want to know

 

What is this MBSB Ultimate about?

This is a mortgage that is made specially for those who are going big with their property investments.

For that amount of money, MBSB is willing to provide you with many accompanying privileges to make your repayments that much easier - you can even earn some money on the side too. MBSB will be able to finance for up to 90%.

 

Alright, but what about my monthly repayments?

If there's one thing that is for sure in this life other than death and taxes, it would be paying your monthly installments on your home loan. The rate is calculated using the ECOF, which is equivalent to the BLR, at 6.85%

 

So what extra privileges will I be getting?

Enjoy Investment returns - On top of the usual insurance, you get the option to opt for a life insurance/investment link coverage that offers investment returns at the end off your tenure.

Flexible repayment - You get to choose the way you pay according to your budget, be it a fixed, gradual or bullet repayment.

Deposits - preferential rates for deposits of up to RM50000 in an MBSB Fixed Deposit Account.

Cash Incentives - When you introduce someone to MBSB Ultimate, you can get cash rewards.

But a word of caution, MBSB is charging a slightly higher interest rate compared to banks in the market. Take some time to consider whether the trade-off is worth it.

 

Talking about insurance, do I need it?

Having your home and yourself insured is a very important thing to do. MRTA/ MRTT can cover you in the event of any unforeseen circumstances

.

How can I be eligible for this home loan?

Everyone is eligible for this home loan, including foreigners who wish to own a house here in Malaysia. It helps to have a good credit rating.

What documents do I need to apply for this home loan?

For salaried applicant:

NRIC / Identity Card
Property Valuation Report
Latest 3 consecutive months’ salary slips / vouchers
Latest EPF statements
Latest EA form
Letter of Confirmation of Employment and Remuneration
Completed Application form

 

For self-employed applicant:

Application Form duly completed
NRIC / Identity Card
Business Registration / Form 24 and 20
Property Valuation Report
Latest 6 months Bank Statement
Latest EPF statements
Latest EA form
Completed Application form

 

Additional documents for foreigners:

Latest Valid Passport and VISA
Valid Working Permit