Investment By Limited Companies for Purchase of Residential Property and Business Premise

Affin Invest Plus is a term loan extended to limited company for investment purpose i.e. acquisition, financing, refinancing and sub sale of both completed and under construction residential property and business premise.

The company must be incorporated in Malaysia and a special or single purpose property investment company.

Benefits

Affin Invest Plus helps you:

• Save overall interest cost with DAILY computation of interest
• Payment in excess of loan instalment amount
• Redraw of excess payment

Terms & Conditions

• Loan amount : Minimum RM500,000 and Maximum RM5,000,000
• Margin of Finance (MOF) :
  Residential - Up to 90%
  Business Premise - Up to 85%
  
  
• MRTA Financing : 5% (MRTA = Mortgage Reducing Term Assurance)
• Tenure : Maximum 20 years
• Retention : 
  Residential
  a) Applicable to settlements within 5 years from date of full disbursement
  b) Penalty amount
  • 5% of original loan amount if redeemed within 3 years;
  • 3% of original loan amount if redeemed after 3 years but within 5 years

  Business Premise
  a) Applicable to settlements within 5 years from date of first disbursement
  b) Penalty amount - 3% of original loan amount if redeemed within the 5 years retention period

Redraw facility on excess payment can be conducted via www.affinonline.com for registered affinOnline users.

Please click the following for more information on:

• Product Disclosure Sheet
• Documents Required
• Notice of New Default Rates for Conventional Mortgage Accounts

For further information, please call our Call Centre at 03-5522 3000, or visit the nearest AFFINBANK / AFFIN ISLAMIC branch today.