AIA Bhd.

200701032867 (790895-D)

PRODUCT BRIEF - AIA FIXED RATE HOME LOAN

Special Mortgage Promotion for AIA Policyholders

(For Completed Properties Only)
Minimum
No. Availability period Package Type Fixed Rate
Loan
3-Tiered Fixed Rate* New!
Zero Moving Cost 3.55% p.a. for 1st and 2nd year
1
(Effective 10th August 2020) (ZMC) 4.30% p.a. for 3rd and 4th year
4.99% p.a. thereafter
Fund Size of RM250K
RM50 million or until 31st 3-Tiered Fixed Rate* New!
December 2020, whichever Non Zero Moving Cost 3.25% p.a. for 1st and 2nd year
2 is earlier (NZMC) 4.00% p.a. for 3rd and 4th year
4.99% p.a. thereafter
2-Tiered Fixed Rate
Non Zero Moving Cost
3 4.25% p.a. for first 3 years
(NZMC)
4.99% p.a. thereafter

Effective 9th June 2020 Until Zero Moving Cost

4 RM300K 4.75% p.a.
Further Notice (ZMC)

Non Zero Moving Cost

5 4.59% p.a.
(NZMC)

Note : * The lock in period for Tiered Rate package will be for 5 years. Unlike other loan packages, there
is no waiver even if loan is settled from own savings, EPF or sale of property.

Terms and Conditions

1) For completed properties only.
2) Must be existing or new AIA policyholder(s). AIA Life / new AIA MRTA only.
• The new in force AIA life policy or MRTA must be provided upon submission of the accepted letter of
offer. In the event the applicant’s AIA policy is rejected for whatever reasons or they fail to take up any
AIA policy, the loan will automatically be re-priced to 5.39% p.a. for ZMC and 4.99% p.a. for NZMC.
• For existing AIA policyholders - a printout of the in force AIA life policy to be submitted for verification
upon submission of loan application.
• Sum assured preferably be equivalent to the loan amount at best effort basis.
• For joint borrowers, it is mandatory for at least one of the borrower(s) to be AIA policyholder(s) (Life /
new MRTA only) to be eligible.
3) Refinancing cannot exceed loan to value of 80%. Purchase can be up to 90% of Sales & Purchase
Agreement or Open Market Value, whichever is lower.
4) Not extended to foreigners including permanent residents (PR) and non-residents. This includes joint
application with Malaysian if income of foreigner / PR / non-resident is required to qualify.
 Special Mortgage Promotion for Under Construction Properties

Minimum
No. Availability period Package Type Fixed Rate
Loan
2-Tiered Fixed Rate New!
Effective 20th October 2020 Non Zero Moving Cost
6 RM300K 3.95% p.a. for first 3 years
Until Further Notice (NZMC)
5.05% p.a. thereafter

Terms and Conditions

1) For Malaysians who are residents only. Not extended to foreigners including permanent residents (PR) and
non-residents. This includes joint application with Malaysian if income of foreigner / PR / non-resident is
required to qualify.
2) For properties regulated by Housing Development Act (HDA) only.
3) Not applicable for completed properties purchased directly from developers.
4) 5 years lock-in period from the date of 1st drawdown. No waiver even if loan is settled from own savings,
EPF or sale of property.

Other AIA Home Loan Packages

Minimum
No. Type of Properties Package Type Fixed Rate
Loan
Zero Moving Cost
7 5.39% p.a.
(ZMC)
Completed
Non Zero Moving Cost
8 RM100K 4.99% p.a.
(NZMC)

Non Zero Moving Cost

9 Under Construction 4.99% p.a.
(NZMC)

Important Notes:
a) The above rates are for a limited amount and period only.
b) Zero Moving Cost - Valuation fees, legal fees, stamp duties, disbursement relating to loan will be borne by
AIA Bhd.
c) Appointment of Zero Moving Cost (ZMC) solicitors shall solely be decided by AIA indicated in the letter of
offer.

Margin of Financing (MoF)

• MoF is based on Open Market Value (OMV) or purchase price whichever is lower for new purchase.
• OMV shall be based on the valuation report prepared by AIA panel of valuers.
• MoF is up to 90%* for New Purchase and up to 80% for refinance cases.
*For Malaysian Citizen residing in Malaysia

Loan Tenure: Up to 35 years or age 70 whichever is earlier.

Minimum Loan: RM 100,000 Minimum Market Value: RM 200,000

Who can apply?

• Individual Malaysian Citizen.

• For Self Employed - The business established for at least 3 years and operating profitably for the past 3 years.
• Permanent residents or Foreigners:
- Only limited to financing the purchase of properties.
- Must be residing and employed in Malaysia preferably for at least 3 years but must with valid working permit.
- If married to a Malaysian spouse, the spouse is required to be the joint applicant.
 Other Terms and Conditions

• AIA Life policy and/or AIA Mortgage Reducing Term Assurance (MRTA) are required.
• Houseowner insurance is mandatory. An AIA houseowner insurance policy on the property is recommended.
• For non landed properties, a certified true copy of the master policy with AIA Bhd endorsed as a
mortgagee/chargee must be forwarded to AIA on a yearly basis.

Lock-in Period

• Lock-in period: 5 years from the date of 1st drawdown.

• A prepayment fee of 0.62% per annum of the full prepaid amount together with an administrative fee of 0.40%
of the full prepaid amount shall be borne by the Borrower if the Borrower settles the Facility within five (5)
years from the date of first drawdown of the Facility.
• The prepayment fee will be multiplied based on the remaining years of the first five (5) years from the date of
first drawdown of the Facility or half of the total loan tenure of the Facility, whichever is shorter.
• The prepayment fee and administrative fee will be waived after the expiry of 5 years from the date of first
drawdown of the Facility.
• There will be NO prepayment fee imposed if prepayment is paid via own savings, Employee Provident Fund
(EPF) withdrawal and/or sale of property for other loan packages except for the tiered rate package. Under
the tiered rate package, the prepayment fee will continue to be imposed even if it is settled via own savings,
EPF and/or sale of property.
• For Zero Moving Cost packages, the borrower will be required to reimburse AIA for all fees, costs and
expenses whatsoever including but not limited to valuation fees, stamp duties and legal costs on a solicitor
and client basis incurred by AIA in connection with the loan in the event the loan is fully settled within 5 years
from the date of the first drawdown. This shall be in addition to all other prepayment fees or administrative
fees chargeable by AIA. These charges will be waived upon completion of the five (5) years from the first
drawdown.

Properties Financed
Completed residential properties
• With Permanent Certificate of Completion & Compliance (CCC).
• Landed - Klang Valley, Penang/Seberang Prai, Sg. Petani, Kulim, Parit Buntar, Seremban, Johor Bahru, Batu
Pahat, Muar, Ipoh, Kampar, Taiping, Kuantan, Melaka Town, Kota Kinabalu and Kuching only.
• Non-landed (ie. apartments, condominiums & townhouses) - Klang Valley, Penang, Ipoh, Melaka, Kuantan,
Johor Bahru, Kota Kinabalu and Kuching only.
• Note: For leasehold land, the unexpired land lease must be at least 30 years after deducting the loan tenure
with the remaining loan lease. Except for Kuching, it must be at least 15 years and upon application land lease
must be at least 21 years.

Excluding residential properties located at landslide/ flood prone area/ oxidation pond/ power station, T-junction,
native land, Malay Reserve Land and bumi lot status (except for property’s market value of RM500,000 and above).

Under construction properties - available within AIA’s approved list of panel of developers and projects.

Contact Numbers: Website : www.aia.com.my Email : [email protected]

Customer Care Line : 1300 88 1899

Note:Interest rate offered will depend on the current packages offered and will vary from time to time.
AIA may from time to time impose additional terms or vary the terms at its discretion.
Other terms and conditions shall apply.
V20201020