- Homebuyers and real estate investors enjoy low monthly repayments for the first five years by serving interest only.
- Benefit from a financing margin of up to 90% with an additional 5% allocated for mortgage loan insurance, legal and documentation fees, stamping fees and expert fees.
PETALING JAYA (August 2): IOI Properties Group Bhd has partnered with Affin Bank to offer homebuyers financing solutions through the Affin Home Step Fast/i loan.
The Affin Home Step Fast/i loan allows homebuyers and real estate investors to enjoy low monthly repayments for the first five years on interest only.
Homebuyers also enjoy flexibility with no lock-up periods or early settlement fees and can choose between conventional or Islamic financing solutions.
“[Compared to a conventional home loan]this will help ease the burden on potential buyers who may be troubled by job insecurity, uncertain economic growth and possible rising interest rates,” said IOI Properties Group COO , Teh Chin Guan, in a press release on August 1.
“By offering Affin Bank’s Home Step Fast/i Loan with Free Stamp Duty on Memorandum of Transfer (MOT) by i-MILIKI (Keluarga Malaysia Home Ownership Initiative), potential buyers are assured that they can now own their dream home with IOI Properties Group,” Teh added.
With the Affin Home Step Fast/i loan, buyers can benefit from a financing margin of up to 90% with an additional 5% allocated for home loan insurance, legal and documentation fees, stamping fees and expert fees.
The term of the loan can be up to 30 years or up to 70 years and applies to residential properties worth RM500,000 and above which are completed or under construction under the Development Act 1996 housing.
Other loan benefits include withdrawal facilities for overpayments as well as a wide range of loan protection covers such as Mortgage Reduction Term Insurance (MRTA), Mortgage Reduction Takaful Term (MRTT), personal accidents, home contents insurance, fire insurance, cleaning. insurance, credit term insurance (CLTA) and mortgage term takaful (MLTT).
Affin Home Step Fast/i Loan is applicable to a wide range of properties located around IOI’s integrated developments in the Klang Valley including IOI Resort City in Putrajaya, Bandar Puteri Puchong, Bandar Puchong Jaya, Bandar Puteri Bangi, Warisan Puteri Sepang and 16 Sierra, as well as Bandar Putra Kulai, Marina Cove, The Platino and Taman Kempas Utama in Johor.
