Bank Muamalat Home Financing-i

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Bank Muamalat Home Financing-i is a Shariah-compliant home financing based on contract made between a Capital Provider (Depositor) and Entrepreneur / Fund Manager (the Bank) to enable the Bank to carry out business ventures within Shariah principles. Both parties agree to share profits from the investment according to a mutually agreed ratio.

Features

• Attractive and competitive profit rates, extra long tenor and high margin of financing;

• Convenient with network of branches and service centres throughout the nation;

• Mortgage Reducing Term Takaful (MRTT) plan for pure peace-of-mind benefits;

• Flexibility of payment available at all branches.

Benefits

• Margin of Financing (MOF) up to 90% + 10% MCRE

• Financing of Moving Costs & Related Expenses (MCRE) i.e. MRTT/LTHT, legal fees, valuation fee & stamp duty

• LONGER financing tenure up to age of 70 years or maximum duration of 35 years;

• Guaranteed peace-of-mind with competitive capped rate at 10.50%

• Financing of will writing (wasiat) services;

• A Shariah-compliant home financing.

Eligibility

• All individuals, joint applicants, Malaysian

How to Apply / Documents Required

• Photocopy of I/C of applicant

• Latest 3 months salary slips

• Latest J/ EA Form

• Confirmation letter from employer

• Original S&P Agreement / booking sheet / down payment receipt

• Business Registration, Form 24, Form 49, Form A or B, Form D (for self employed which ever applicable)

• Latest 3 months Bank Statement

• Any additional documents if required by the Bank

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

For further information on Bank Muamalat Home Financing-i, please contact Customer Care at +603 2600 5500, or visit the nearest Bank Muamalat branch today.

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