Public Bank ABBA Financing-i Home Loan (Islamic)

Up to 40 years

Term Islamic financing

Floating Profit Rate

3 years lock in period

Uo 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

Public Bank ABBA Financing-i Home Loan

A variable rate Islamic home loan with semi-flexi and full-flexi options so that you can choose the best way to manage your money and mortgage

    • Up to 40 years
    • Term Islamic financing
    • Floating Profit Rate
    • 3 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
    •  
  •  

You Borrow

Estimated Profit Rate

RM10000 - 49000

5.42% p.a.

RM50000 - 99000

5.12% p.a.

more than RM100000

4.92% p.a.

  • *Effective profit rate will be determined by Public Bank 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

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

Cancellation Fee - RM2000 for cancellation before financing disbursement

Insurance Types - MRTT

  • Fire Insurance

*inclusive of 6% GST

 

Requirements

Are you eligible for this Public Bank home financing?

Minimum annual income - RM24000

Minimum age - 21 years old

Maximum age - 70 years old

Who can Apply - Any nationality

 

Frequently Asked Questions about Public Bank ABBA Financing-i Home Loan

Things you might want to know

 

How does the Public Bank ABBA Financing-i Home Loan work?

ABBA Financing-i is a syariah compliant home loan based on the Islamic principle of Bai BithamanAjil( RM50 every time you take money out.

Whichever option you take, as an added bonus Public Bank will give you a free credit card personal accident insurance of RM10000.

 

Do I need to take out any insurance with this home loan?

Homebuilding Takaful (Fire Insurance) is compulsory. The premium is charged annually. MRTT is optional but strongly recommended.

 

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

Completed Application form
Copy of SPA / Booking Receipts / Letter or Offer from Developer

 

If you are an Employee earning a salary

Copy of MyKad (front and back)
Latest 3 to 6 consecutive months salary slips or vouchers or
Latest EA From

And one of the following:
EPF Statement ( latest not more than 1 year) or
Latest Tax Returns and Tax Receipts or
Employment Letter or
Last 3 months Bank Statement or Saving Passbook

 

If you are Self-Employed

Copy of MyKad (front and back)
Last 6 months bank statements or
Latest 1 year Tax Returns and Tax Receipts