MBSB Bank Property Financing-i

MBSB Bank Property Financing-i

Key Features

  • Flexible Takaful coverage
  • No early settlement charges

Other Features

  • Profit Rate: 3.10% p.a.
  • New Base Rate: 2.65 %
  • Loan Type: Term Loan
  • Lock in Period: 5 years

Eligibility

  • Minimum Age: 21 Years
  • Loan Tenure: Up to 35 Years
  • Margin of Finance: 90% + 10% for MRTA financing
  • Suitable for: Completed homes, under-construction properties, refinance

Documents

  • Application Form
  • NRIC / Identity Card
  • Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer
  • Copy of Individual Title Deed
  • Property Valuation Report (for completed properties)
  • Latest 3 consecutive months of salary slips / vouchers
  • Latest 6 consecutive months of commission statement
  • Latest EPF statements (with 3 consecutive months or more transaction history)
  • Latest EA form
  • Latest 6 months Bank Statement
  • Letter of Confirmation of Employment and Remuneration
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