Bank Housing Loan

a site that offer you with information of housing loan.

Public Bank Home Loan Packages For Completed And Uncompleted Properties

Public Bank Conventional Housing Loan

Here is the conventional housing loan launched by Public Bank recently to fulfill for those homebuyers that in needs of home loan to buy their dream houses. Other than the 5 Home Loan plan, Public also having these Home Plan 10 and HomeSave packages that serve for consumers with alternative needs and requirements.

Home Plan 10

Package A
Loan Amount Non Free Legal
Below RM50,000
Whole Tenure
BLR – 1.30% p.a.
RM50,000 to below RM100,000
Whole Tenure
BLR – 1.60% p.a.
RM100,000 and Above
Whole Tenure
BLR – 2.20% p.a.

 

Package B
Loan Amount Non Free Legal
First Year
BLR – 2.55% p.a.
Second to Fifth Year
BLR – 1.60% p.a.
Thereafter
BLR – 1.80% p.a.

 

HomeSave Package

Loan Amount Non Free Legal
RM150,000 and Above
Whole Tenure
Up to BLR – 2.20% p.a.
First Year
BLR – 2.55% p.a.
Second to Fifth Year
BLR – 1.60% p.a.
Thereafter
BLR – 1.80% p.a.

 

Overdraft

BLR – 0.75% p.a.

Public Bank offers flexible and affordable Home Loan packages that provide value added benefits and greater cost savings:
- High Margin of financing up to 100% including MRTA and legal fees.
- Extended repayment period up to 40 years or age 70.
- Overdraft up to 70% of the combined loan amount.
- Daily rest interest calculation.
- Redraw Facility available.
- Free credit card for entire loan tenure.
- Free RM10,000 personal accident coverage for one year.

If you are interested in such home loan packages, you may contact your nearby Public Bank branches for further inquiry.

* BLR currently remain at 6.30%

Public Bank Home Loan With 5 HOME Plan

Public Bank Home Loan

You may have just getting married with your love one and are planning to buy a house at the moment. However, you are having financial difficulty as you do not have enough money for buying house. If you are in such dilemma, you may want to consider on applying for housing loan from your local bank in order to assist you to purchase your dream home.

Apply For Home Loan With Public Bank

One of the renown banks in Malaysia would be the Public bank. If you have a Public bank branch located nearby where you stay, you may pay a visit to the bank and you are going to discover actually they have a variety of different loan products that ready to help you.

To make sure that you will get access to the loan that you desire as fast as possible, you should apply from Public bank as the bank is certified with ISO 9001:2000 which will ensure the housing loan that you apply for is going to get processing speedy for approval.

Once you have decide on getting home loan from Public bank, the next thing is you need to choose what type of home loan you want.

Public bank is just launching a new home loan which is called 5 HOME Plan which will offer you the flexibility option from a wide variety of home loan packages based on your actual financial requirement.

The 5 HOME Plan packages that you can choose for are:

1st HOME Plan: Fixed monthly installments package
This is an Islamic home loan plan which allows you to enjoy fixed profit interest rates that won’t get affected by the fluctuation of BLR.

2nd HOME Plan: Equal monthly installment package
This is a home loan that carried with fixed monthly installments which enable you for better planning and managing of your finances. The loan is features with the financial flexibility of an overdraft facility.

3rd HOME Plan: HomeSave Package
This HomeSave package is going to links the housing loan to your bank current account, as your current account credit balance is going to be used to reduce the outstanding balance of the housing loan for interest calculation and will let you to save on interest.

4th HOME Plan: Graduated payments package
This package is come with a lower initial installment and will subsequently get increasing exponentially with your income.

Th 5th HOME Plan packages
In case you have already purchased a house and think of getting additional funds for other needs, you can choose to refinance your house. There are many reasons why you want to refinance your house such as you want to buy a beach vacation, invest in stock market to accumulate more wealth, paying your child’s education fees and so on.

With Public bank, they do offer the longest home loan tenure in the market of up to 40 years. Besides for the longest loan tenure, you can as well get the option for making comfortable monthly installments.

MORE Plan 1 – Same amount monthly installments and with overdraft facility
This is a home loan that carried with fixed monthly installments which enable you for better planning and managing of your finances. The loan is features with the financial flexibility of an overdraft facility.

Benefits that you can enjoy with Public bank home loan:

Once you sign up for one of these home loan program, you are going to enjoy the below benefits:

- Great savings for you as interest rates are computed on daily basis.
- High margin of financing of up to 100% (inclusive of MRTA/MT/MRPA/ODL and /or loan documentation expenses).
- Annual fee waiver for your credit cards throughout the entire loan tenure for qualify customers.
- Redraw Facility option (for new Conventional Housing Loans with an approved amount of RM100,000 and above).
- Attractive interest rate up to BLR -2.20%

Of course, in order for you to entitle for the above perks and benefits, you still need to meet all the Public bank terms and conditions. If you fulfill all the requirement, there are very high chances you are going to get the home loan in no time.

If you are interested for the home loan, you can apply at Pubic bank by follow this link:

Public Bank Home Loan Application