OCBC Bank Special Housing Loan Scheme

OCBC Bank's Special Housing Loan Scheme is a programme allow you to finance a low-cost residential property.


Features

• Finance the purchase of low-cost properties priced up to RM100,000 in Peninsular Malaysia and RM120,000 in East Malaysia

• Repayment period of up to 30 years or age 65, whichever is earlier

• The property must be owner occupied

• Financing for Mortgage Reducing Term Assurance (MRTA) premiums

• Standing instructions on monthly instalments is available


Eligibility

• Individual customers

• First time house purchaser

• Property value costing not more than RM60,000 in Peninsular Malaysia and RM72,000 in Sabah and Sarawak

• Applicant combined income with spouse (if any) must not exceed RM3,000 per month

• Purchase of property for owner's occupation


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, please call OCBC Bank Customer Care Consultants Center Tel: +603 2332 6000, or visit the nearest OCBC Bank branch today.

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