LOWEST FIXED RATES IN TOWN FROM AIA HOME LOAN DEPARTMENT
(This is an advertorial. To enquire about our Flat World advertorials, please email peterkua (at) mysasas (dot) com)
Contact HELEN 012-658 2970 for free consultation. Terms & Conditions of AIA Fixed Rates Home Loan:
| Loan to Value(LTV) More than 80%-90% | Loan to Value(LTV) 80% and BELOW |
| a) 5.80% p.a. ( Zero Moving Cost) b) 5.70% p.a.( Non Zero Moving Cost) c) 5.40% p.a. FIXED for 1st 5 years thereafter 5.99% p.a. (Non Zero Moving Cost) d) BLR-2% for 2-3 years, thereafter FIXED at 5.99% p.a. (Non Zero Moving Cost and UNDER construction Only) |
a) 5.70% p.a.( Zero Moving Cost) b) 5.70% p.a. (Non Zero Moving Cost) c) 5.35% FIXED for 1st 5 years, thereafter 5.99 % p.a. (Non Zero Moving Cost) d) BLR-2% for 2-3 years, thereafter FIXED at 5.99% p.a. (Non Zero Moving Cost and UNDER construction only) |
MINIMUM LOAN AMOUNT: RM 100,000
Note:
# The above rates are subject to the Loan to Value(LTV) applied.
# Current BLR ( Base Lending Rate) as at May 9, 2008 is at 6.75% p.a. as per Maybank’s BLR and is subject to change.
Who can apply?
# Individual Malaysian citizens or permanent residents.
# For Self Employed – business established for at least 3 years and operating profitably for the past 3 years.
Properties Financed:
Completed residential properties with permanent Certificate of Completion & Compliance( CCC)
a) LANDED- Klang Valley, Penang/Seberang Prai, Sg. Petani & Kulim, Seremban, Johor Bahru, Ipoh, Kuantan, Malacca Town, Kota Kinabalu, Kuching and Batu Pahat ONLY.
b) Non-Landed e.g. apartments, condominiums & townhouses-Penang Island & Klang Valley ONLY (Excluding Kajang & Klang)
Note:
For leasehold land, the expired land lease must exceed 30 years upon maturity of the loan (for
Peninsular Malaysia and Kota Kinabalu ONLY)
EXCLUDING residential properties located at landslips/flood prone area/oxidation pond/power station, T-junction and native land.
Under construction properties - available within AIA’s approved list of panel of developers and projects.
Loan tenure: up to 30 years or age65 whichever is earlier.
Margin of Finance (MOF)
# MOF is based on Open Market Value(OMV) or purchase price whichever is lower for new purchase.
# OMV shall be based on the valuation report prepared by AIA panel of valuers.
New Purchase (up to) 90% * (landed properties) & 80%* (non-landed properties.)
Refinancing (Up to) 80%*(landed properties) & 80%* (non-landed properties)
Note: * Exceptions can be considered on a case to case basis. MOF is subject to the discretion of AIA Co ltd.
Prepayment Fee for Non Zero Moving Cost Package
There will be a prepayment fee levied should the loan be refinanced within the 1st 5 years from the date of 1st drawn down. The prepayment is chargeable at the rate of 0.35% times the number of remaining years of loan (not exceeding 4% subject to a minimum rate of 2%) times the amount prepaid. Prepayment fee will be waived if settlement or partial settlement is from own savings, withdrawal of EPF or sale of property.
Prepayment Fee for Zero Moving Cost Package
A prepayment fee of 3 % of the approved loan amount will be levied if the loan is settled within 5 years from date of 1st drawn.
INSURANCE
# Houseowner insurance on the property to be taken with AIA for landed properties.
# All loans must be adequately protected by AIA group Mortgage Reducing Term or AIA life policies( Life, Term or combination) on the total loan amount.
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