Why should I get this financing?
This financing facility is for Bumiputera customers to invest in the unit trust Amanah Saham Bumiputera (ASB), financing is based on the Murabahah via Tawarruq of Commodity Murabahah arrangement which is sale-based Shariah contract as approved by the Shariah Advisory Council of Bank Negara Malaysia (BNM).
The facility amount is from RM10,000 to RM400,000, or up to the maximum investment allowed by ASNB whichever is lower, with financing tenure up to 25 years or age 65, whichever is earlier. ASB income and bonus will be automatically credited into the respective ASB unit holder’s account.
Margin of Financing for facility amounts up to RM200,000 is up to 100% of nominal value of ASB units and up to 105%, inclusive of the GASBRTT
Margin of Financing for facility amounts above RM200,000 is up to 95% of nominal value of ASB units and up to 100%, inclusive of the GASBRTT
Anything else I need to know?
Selling price ceiling rate fixed at IBR + 7.65% p.a. or 10% p.a. , whichever is higher.
Financing below RM30,000, IBR + 2.30% p.a. for first 3 years and IBR + 2.35% p.a. thereafter.
Financing of RM30,000 and above, IBR + 2.00% p.a. throughout financing tenure.
First are you a Bumiputera individual aged between 18 to 60 years old?
Ok? Then we can move on to the documents we'll need with your application:
You will need:
Photocopy of Identity Card
Photocopy of latest 3 months pay slip/other proof of income e.g : Bank account statement
That's it! Scroll down to the bottom of the page to apply now.
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