Conventional Products

Housing Loans

Housing Loans

Eligibility Criteria

  • The loan is for the purchase of a completed Residential Unit or for construction or renovation of a Residential Unit
  • The loan is advanced and repayable in Ringgit Malaysia
  • The loan must not be under any notice of partial or full redemption.
  • Fully disbursed
  • The loan is a term loan which fully amortise over the loan period
  • 12 monthly installments must have been paid
  • Remaining maturity must not be less than 5 years or more than 30 years
  • The outstanding amount should not exceed RM2 million for landed property and RM1 million for non-landed property as at the Purchase Date
  • Repayment of principal or interest must not be suspended, rescheduled or restructured 12 months prior to Purchase Date
  • Payment record must not be more than 1 month past due in the 12 months period prior to Purchase Date
  • Monthly installment must be greater than 110% of the interest portion of the monthly installment
  • Loan-to-value ratio should not be more than 80%, i.e. outstanding principal amount as at the Purchase Date divided by property value
  • If leasehold land, remaining leasehold tenure must at least be 20 years upon expiry of loan tenure
  • comply with other criteria as per Cagamas' requirements
     

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