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Mortgage & Financing
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Where from? There are a few sources of funds to choose from:
- Commercial banks
- Finance companies
- Government loans
- Employees housing loans
- Building Societies and Cooperations
Normally, home buyers get their loans from commercial banks. Commercial banks offer several types of loans:
- Loan facility
- Overdraft facility
- Loan and overdraft facility
- Endowment mortgage
- Mortgage from Islamic banks
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Features of commercial banks loans:
Mortgage amount: Basically banks offer up to 80% loan of the purchase price. Repayment period: Maximum 25 years.
Interest rate: Normally 10%-13% depending on the Base Lending Rate
Criteria for Loan Approval:
- Income
- Age – minimum 18 years old
- Employment Purpose of Mortgage
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| AMBank Bhd |
604-229 0917 |
| Citibank |
604-818 1115 |
| EON Bank |
603-2771 8860 |
| Hong Leong Bank |
604-643 4023 |
| HSBC Bank |
604-650 3243 |
| Maybank |
603-2074 7776 |
| OCBC Bank |
604-262 5301 |
| Public Bank Berhad |
604-261 3415 |
| Standard Chartered Bank |
604-650 3672 |
| United Overseas Bank |
603-2772 6658 |
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