CIMB Bank Ijarah Property Financing-i

CIMB Bank's Ijarah Property Financing-i is based on the concept of Ijarah Muntahiyah Bittamik which offers the transfer of property ownership at the end of tenure by paying a nominal amount to the bank.

1. Ijarah Rental Rate package : The Ijarah rental payment may fluctuate based on the movement of BFR.
2. Applicable to completed property only • Home or Business Premises.
3. Ijarah Rental Rate Protection : The rental rate for this package is capped at the CPR of 10.75% p.a.

Three steps to property ownership:

Step 1 : Apply for Ijarah Property Financing-i (Bank purchase the property and becomes the owner of the property)

Step 2 : Customer leases the property from the bank at an agreed price.

Step 3 : Customer purchases the property at the end of tenure or any time by paying the Exercise Price to the bank.

FEATURES

Purpose of Financing: Purchase of property

Type of Property : Completed Properties: Residential or Business Premises

Margin of financing (MOF):

 • Residential: Up to 90% + 5%

 • Business Premises: Up to 85% + 5%

Tenure:

 • Residential : Up to 40 years or up to age 70 years whichever is earlier.

 • Business Premises: Up to 30 years or up to age 70 years whichever is earlier

BENEFITS

 • Competitive profit rates • affordable and reasonable

 • Zero lock-in period •no early settlement charges
 • High margin of financing

 • Save on stamp duty cost:

 • >20% reduction on stamp duty for new financing

 • >100% stamp duty waiver for conversion from conventional loan

 • No compounding of profit charges

 • Ceiling rate for capping upon fluctuation of Base Financing Rate (BFR)

 • MRTT coverage for unexpected event


NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

To find out more about CIMB Bank Home Loan, please contact the Consumer Contact Centre at +603 6204 7788 or visit the nearest CIMB Bank branch.

undo CIMB Bank