Affin Credit Plus

Affin Credit Plus is a term loan or overdraft or combination of term loan and overdraft, for the purpose of financing unencumbered properties. The loan is for personal use and investment. The type of property which is acceptable for this re-mortgage financing is completed and unencumbered residential and business premise with individual or strata titles issued.

For combination package of term loan and overdraft, the maximum overdraft portion is 50% of total financing amount for loan value less than RM500,000; and 70% of total financing amount for loan value on or above RM500,000.

Benefits

The term loan of Affin Credit Plus helps you:

• Save overall interest cost with DAILY computation of interest

• Payment in excess of loan instalment amount

• Redraw of excess payment

Terms & Conditions

• Loan amount : Minimum RM50,000 and Maximum up to approved margin of finance

• Property value : Minimum RM200,000 depending on locations

• Margin of Finance (MOF) : Residential - Up to 90% depending on locations, Business Premise - Up to 85%

• MRTA Financing : 5% (MRTA = Mortgage Reducing Term Assurance)

• Tenure : Minimum 5 years and Maximum 35 years or up to the age of 70 years, whichever is earlier

• Retention :

Residential

a) Applicable to settlements within 5 years from date of full disbursement

b) Penalty amount - 5% of original loan amount if redeemed within 3 years;

- 3% of original loan amount if redeemed after 3 years but within 5 years

Business Premise

a) Applicable to settlements within 5 years from date of first disbursement

b) Penalty amount - 3% of original loan amount if redeemed within the 5 years retention period

• MRTA: It is strongly encourage you to take MRTA to ensure that you and your family are protected

Redraw facility on excess payment can be conducted via www.affinonline.com for registered affinOnline users.

NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

For further information, please call Affin Bank Contact Center Tel: +603 8230 2222, or visit the nearest Affin Bank / Affin Islamic Bank branch today.

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