MaxiHome-i refers to Home Financing under Variable Rate Financing
(VRF).
This product is applied under the concepts of Bai Bithaman Ajil (BBA)
Under VRF, the Selling Price is fixed upfront based on a selling price rate while the effective
rate levied on the account can be varied based on changes in the Base lending Rate (BLR), provided
If the BLR moves up to the extent that the effective rate exceeds the fixed selling price rate,
the system will only compute profit based on the selling price.
| |
Non - ZEC |
Charges |
Customer pays the legal fees, valuation fees and stamp duties. |
Scope |
| • |
Financing purchase of residential properties, whether completed
units or units under construction |
| • |
Refinancing/Remortgage/Additional Financing |
| • |
Construction of Bungalows |
| • |
Conversion from conventional to Islamic financing |
| • |
Restructure |
|
Features and Benefits |
| • |
No capitalization of profit (compounding of monthly profits) |
| • |
Competitive financing rates and margin of financing |
| • |
Third party financing is allowed |
| • |
Settle monthly payments with ease and convenience through
our extensive network of payment and delivery channels. |
|
Eligibility |
| • |
Open to all, irrespective of race or religion (individuals,
joint, residents and non-residents) |
|
• ZEC: Zero Entry Cost
All terms and conditions apply
|
 |
|