Public Bank Home Loan



Depending on your circumstance and income you can choose between a full flexible or semi flexible package.

Public bank home loan. Apart from that public bank 5 home plan also comes with a free credit card with its annual fee waived. The public bank housing loan products offered by public bank include the 5 home plan which gives you the option to choose from a fixed flexi and graduate loan repayment and the more plan which is optimised for property refinancing. A home loan also known as a mortgage is the sum of money given to you by a financial institution to buy a property.

The downside of public bank however the downside of the public bank housing loan is the bank makes it compulsory for you to buy a mortgage reducing term assurance mrta when applying for a home loan. If you have excellent credit history and an existing relationship with public bank you can also apply a higher margin zero moving cost package up to 100 financing including mrta and legal fees. To ensure a comfortable monthly installment amount we offer a long loan tenure of up to 35 years.

Also the bank doesn t allow for financing of the bank s loan agreement fee and valuation fee. 5 home plan gives you the flexibility of choosing from a wide range of different home financing packages depending on your financial needs. Public bank home equity financing i is a housing finance plan based on the shariah concept of diminishing partnership.

Public islamic bank home loan packages public islamic bank offers property financing based on musharakah mutanaqisah and bai bithaman ajil specifically designed for islamic banking costumers. The interest rate is variable tied to ibr. Public bank a complete one stop financial portal offering a range of accounts credit cards loans deposits and other financial aids for our personal and commercial customers.

In exchange for this sum of money the financial institution will have security in the form of their legal entitlement to keep your property s deed until your home loan has been paid bank in full. 5 home plan so you ve chosen your dream home. Is a public bank home loan right for me.

Now it s time to choose your home loan. Public bank a complete one stop financial portal offering a range of accounts credit cards remittance loans deposits and other financial aids for our personal and commercial customers.