AIA Home Loan @ 4.85% p.a. Fixed Rate: Do a Mortgage Health Check on your Housing Loan To...

http://fixedratehousingloan.blogspot.com/2011/03/do-mortgage-health-check-on-your.html?spref=bl: "How does a Mortgage Health Check Benefit You? If you have a home loan with other banks, come and see us with your loan statement and off..."

Do a Mortgage Health Check on your Housing Loan Today

How does a Mortgage Health Check Benefit You? If you have a home loan with other banks, come and see us with your loan statement and offer letter and see how you could: 1) Settle your home loan earlier 2) Pay less rather than more for your instalments 3) More certainty to your financial planning Don’t get caught up in a financial maze like…… Did you know that many banks do not revise their instalments even when interest rate fluctuates? What is the impact to you when BLR hiked from 5.55% to 6.30% this year? Consider this:- A. BLR increase by 0.75% can extend your loan tenure by 10yrs 2mths. (Extra RM208,986 in instalments). B. BLR increase of 1.25% can extend your loan tenure by 42yrs 1mth. (Extra RM865,065 in instalments). * Based on RM300K loan for 30 years with same instalment of RM1713 at BLR 5.55% . (BLR from 5.55% increased to 6.30% & 6.8% respectively). Be wise financially and don’t get lost! Get a Mortgage Health Check now. e-mail: fungnt@gmail.com

IMPACT ON RISING OF BLR

Example :

Loan amount = RM300,000
Period of Financing = 30 years
Interest rate = BLR + 0% (BLR at 6%p.a.)
Monthly instalment = RM1,799
Total interest payable = RM347,514

If BLR increase from 6.00% to 6.75% p.a. (+0.75%), let's see what is the impact

Loan amount = RM300,000
Period of Financing = 30 years
Interest rate = BLR + 0% (BLR at 6.75%p.a.)
Monthly instalment = RM1,946
Total interest payable = RM400,486
Total additional interest payable = RM52,972


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Fixed Rate for your Housing Loan

PRODUCT BRIEF “ Fixed Rate throughout the whole Loan Tenure for Better Financial Planning” 4.85% p.a. (Fixed Rate) Non Zero Moving Cost package (NZMC)

5.25% p.a. (Fixed Rate) Zero Moving Cost package (ZMC)

(AIA Mortgage Save / Mortgage Invest)

AIA Mortgage Save – A revolutionary home loan that generates guaranteed cash savings and protection*. AIA Mortgage Invest – A rewarding home loan that yields investment returns for retirement and protection*. * Other Terms and Conditions apply. 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. New Purchase (Up To) 90% Landed Properties 80% Non-Landed Properties Refinancing (Up to) 80% Landed Properties 80% Non-Landed Properties (Note: Exceptions can be considered on a case by case basis. MOF is subject to the discretion of AIA Bhd.)

Loan Tenure

Up to 30 years or age 65 whichever is earlier. Minimum Loan: RM 100,000

Who can apply? • Individual Malaysian Citizens or permanent residents. • For Self Employed - The business established for at least 3 years and operating profitability for the past 3 years. Documents Required

For Individual: • Copy of Identity Card • Last 3 months Payslips • Last 3 years Income Tax (Borang J with tax payment receipt) • Letter from Employer (if current employment is less than 6 months) • Sale & Purchase Agreement / Booking Receipt (S & P Date)

For Business: • Copy of Identity Card • Business Registration / Form 24 & 49 • Last 3 years Financial Statement • Last 6 months Current Account Statement • Last 3 years Income Tax (Borang B with tax payment receipt) • Sale & Purchase Agreement / Booking Receipt (S & P Date) Processing Fee • Waived for all package Mode of Payment • AIA Cashiers (AIA Branches) • Standing Instruction with Maybank • Online www.maybank2u.com • Maybank Cashiers

Late Payment Penality • 1% p.a. on the amount in arrears Lock-In Period • 5 years from date of 1st drawdown (for refinancing only) or a prepayment fee of 0.35% of outstanding loan (Min 2%, Max 4%). For ZMC – pay back MC & other incidental costs. • No prepayment fee imposed if prepayment is done via own savings, EPF withdrawal &/or sale of property except for refinancing.

AIA Mortgage Save / Invest • Enjoy the benefits of AIA Mortgage Save – a home loan that generates guaranteed cash and protection. • Enjoy the benefits of AIA Mortgage Invest – a home loan that yields investment returns and protection.

Major Risks None as interest rate is fixed and not subject to fluctuation of the prevailing market interest rate.

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Please contact me at e-mail: fungnt@gmail.com for more information

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