Tagged Knowledge Base

What is the margin of finance (MOF) for housing loans in Malaysia?
This will depend on the value of your property, your income and your repayment capability. The amount of financing provided by a financial institution depends on the market value (for completed...

Category: Banking & Finance » Credit & Loans » Housing Loans Mortgages
What is the difference between conventional and Islamic home financing?
Under conventional financing, your outstanding loan consists of principal plus the interest charged on you. The interest is actually the banking institution's cost in obtaining the funds. Islamic...

Category: Banking & Finance » Credit & Loans » Housing Loans Mortgages
Why does my outstanding home loan remain high at the initial stage despite the repayments made?
During the early years of the loan, a significant amount of your repayments will go towards the payment of interest. So, if you make partial repayments to repay the principal sum outstanding, you...

Category: Banking & Finance » Credit & Loans » Housing Loans Mortgages
Does the bank have the right to charge my home loan account for any miscellaneous charges incurred by them such as late payment charges, legal costs, insurance, etc?
The financial institution's power to impose charges on your account is normally indicated in the Terms and Conditions of the loan. Back to Housing Loan's Contents

Category: Banking & Finance » Credit & Loans » Housing Loans Mortgages
How long is the grace period for payment of my monthly home loan instalment?
Generally, the financial institution gives a grace period of 7-14 days for you to repay your instalment payment. Any payment received after the grace period will be subjected to late payment...

Category: Banking & Finance » Credit & Loans » Housing Loans Mortgages