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
You Borrow |
Estimated Profit Rate |
RM10000 - 49000 |
5.42% p.a. |
RM50000 - 99000 |
5.12% p.a. |
more than RM100000 |
4.92% p.a. |
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
*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