Malaysia My Second Home Loan

Features

Malaysia My Second Home Loan package is available to foreigners who are participants under the Malaysia My Second Home Loan programme (MM2H). Applications to MM2H is simple, just apply through a licensed agent and submit the required documents. Features and Benefits: Completed residential properties value at RM500,000 and above. Enjoy loan tenures up to 40 years or up to the age of 70 years, whichever is earlier. Choices of 100% term loan or 100% flexi. Margin of Finance up to 85%. You are allowed to deposit any extra amount at anytime or withdraw the excess payment made with Flexi facility.

Requirements

Eligibility:
	Individuals aged 18 years and above.
	Be a participant of Malaysia My Second Home Loan programme (MM2H)

Requirements:
	Passport
	Letter from Ministry of Tourism certifying your participation in the MM2H Programme.
	Sales & Purchase Agreement
	Income documents (if higher margin is required)

Fees & Charges

Products/Items			Charges
Processing Fee - Property Finance / Refinance
1	HomeLoan		Waived
2	HomeFlexi / Prime Mortgage		RM200 set up fees and monthly service charge of RM10
3	HomeXtra		Subject to selected package
4	Malaysia My Second Home Programme (MM2H)		Subject to selected package
All Housing and Business Premises Loans
5	GMTA - CIMB Aviva Insurance		Variable charges - one time payment
6	All Letters of Offer-Stamping Charges		RM10
7	Home Loan To foreigners		Subject to selected package
8	2nd charge to Government Home Loan		RM100
9	BizLoan		Waived
10	BizFlexi		RM200
11	BizXtra		Subject to selected package
12	Request for Issuance of Redemption Statement		RM50 per request
13	Flexi Vacant Land Financing		Monthly service charge of RM10