- Homebuyers and property investors to benefit from low monthly repayments for the first five years by servicing only the interest.
- Enjoy financing margin of up to 90% with an additional 5% allocated for home loan insurance, legal and documentation costs, stamping fees and valuation fees.
PETALING JAYA (Aug 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 property investors to benefit from low monthly repayments for the first five years by servicing only the interest.
Homebuyers also enjoy flexibility with no lock-in period or early settlement fees and can choose from either conventional or Islamic financing solutions.
“[Compared to a conventional home loan], it will help to ease the burden of prospective homebuyers that may be troubled by job insecurity, uncertain economic growth and possible interest rate hike,” said IOI Properties Group chief operating officer Teh Chin Guan in a media statement on Aug 1.
“By offering Affin Bank’s Home Step Fast/i loan together with free stamp duty on the memorandum of transfer (MOT) by i-MILIKI (Keluarga Malaysia Home Ownership Initiative), prospective homebuyers are assured they can now own their dream homes with IOI Properties Group," added Teh.
With the Affin Home Step Fast/i loan, homebuyers can enjoy financing margin of up to 90% with an additional 5% allocated for home loan insurance, legal and documentation costs, stamping fees and valuation fees.
The loan tenure is up to 30 years or until 70 years of age and it is applicable to residential properties worth RM500,000 and above that are completed or under construction under the Housing Development Act 1996.
Other benefits of the loan include redraw facilities for excess payments as well as a wide range of loan protection coverage such as mortgage reducing term assurance (MRTA), mortgage reducing term takaful (MRTT), personal accident, home contents insurance, fire insurance, householder insurance, credit level term assurance (CLTA) and mortgage level term takaful (MLTT).
The 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.
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