Land Financing

Own your Dream Property with Peace of Mind

Package Name

SMART Mortgage Land Financing-i

Eligibility

All individuals & joint applicants

Benefits:

• Financing Moving Costs and Related Expenses (MCRE) i.e.MRTT/MLTT, LTHT, legal fees, valuation fee & stamp duty
• Fully-Shariah compliant product
• Peace of mind with Mortgage Reducing Term takaful (MRTT)/ Mortgage Level Term Takaful (MLTT) coverage
• Will writing (wasiat) services
• 100% stamp duty exemption for redemption (on conversion from conventional to Islamic financing) as per Federal Government’s gazette P.A(A)376/2010, Stamp Duty (Remission) Order 2010, Stamp Act 1949.

Margin of Financing

Up to 50%+10% MCRE

Tenure

Financing tenure up to age of 65 years or maximum duration of 7 years, whichever is earlier

Documents required

• Photocopy of I/C of applicant(s)
• Latest 3-month salary slips
• Latest J/EA Form
• Confirmation letter from employer
• Original S&P Agreement/ booking sheet/ down payment receipt
• Business Registration and other related forms for self-employed (whichever is applicable)
• Latest 3-month Bank Statement
• Any additional documents if required by the Bank