CBP Home Financing-i Al-Amali

CBP offers Home Financing-i Al – Amali is a financing based on the concept of Murabahah Tawarruq. The maximum and limit of the financing amount is up to RM10,000,000 You can pay back your CBP Home Financing via Biro Pemotongan Angkasa(BPA), Salary Deduction by Employer (SD), Standing Instruction (SI), Post Dated Cheque (PDC) or Cash. Acquire an insurance policy is essential when you sign up for any CBP Home Financing-i Al – Amali. This will protect you from any unexpected events. Therefore, standard fire insurance and Mortgage Reducing Term Takaful (MRTT) would be highly recommended when you take up CBP home financing. However, the Takaful contribution is based on age and financing amount of customer. The CBP Home Financing-i Al – Amali also come with a maximum loan period of 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or up to age 70, whichever is earlier. The other feature of these CBP home financing is it allows dor financing where the disbursement conditions are in stages, customers are required to pay the actual monthly profit only during the progressive period from the first month the disbursement is made until the last disbursement month or the end of the grace progressive period whichever is earlier. As for financing that finances condominium construction projects, apartments, flats, business premises and shop houses where the title is strata title, the progressive period can be extended from 24 months to 36 months subject to the progressive period specified in sale purchase agreement.

You are eligible for this mortgage if you are Malaysian can be either employed or self employed. Borrowers must be above 18 years old at the time of application and not more than 70 years old upon the expiry date of the financing period with not bankrupt or have an AKPK record and Have a good track record in (CTOS & CCRIS) with the Bank or other financial institutions. 'Joint' application is allowed with the number of applicants not exceeding two (2) people. Such applicants must have close family ties.

You will need to provide some supporting documents for your CBP Home Financing-i Al-Amali
in order to allow the bank to process your home loan application. These documents are listed below:

• Complete Financing Application Form
• Copy of Applicant’s Mykad
• For Fixed Income Applicants
  1. Copy of Latest 3 Months Salary Slip and Confirmation Letter from the Applicant’s Employer
  2. Latest 3 months Savings Account / Bank Statement (salary credited)
  3. Copy of Form EA / Form BE / latest EPF Statement
• For Non Fixed Income Applicants (Self employed / Professionals)
  1. Business Registration/Form 9, 24, 49, B&D/M&A
  2. Certified copy of Bank Statement / Individual Savings Account & Business Current Account Transactions for the latest 6 months
  3. Individual Current Account Statement for the latest 6 months
  4. Latest Form B and Tax Receipt
  5. Audited Financial Statements (for the last 2 Years)
  6. License / Membership from a recognized Professional Body in Malaysia that has been certified
• Property Documents
  1. Copy of Sale and Purchase Agreement
  2. Copy of Offer Letter from the developer
  3. Copy grant

CBP Home Financing-i Al-Amali calculator can be used to calculate your monthly loan repayments to determine a suitable loan amount for your desired property value. Once you have identified the suitable amount, you can make a free enquiry through iMoney and our mortgage consultants will call you back. Home loan application with iMoney is totally free. If you are not sure whether this home loan by CBP Home Financing-i Al-Amali is your best option, click here to compare other home loans in Malaysia.

Some of the ways you can repay your CBP Home Financing-i Al-Amali include:

• Biro Pemotongan Angkasa(BPA)
• Salary Deduction by Employer (SD)
• Standing Instruction (SI)
• Post Dated Cheque (PDC)
• Cash