Property Financing for MM2H participants for Malaysia PROPERTY
For our clients, we will act as your Independent Investment Consultant to provide property financing if you like to purchase properties in Malaysia. Besides arranging few bankers for your financing approval, our services will complete with arranging of viewing, negotiation, and booking on your behalf. All these come with complimentary to you, feel free to discuss with us of your property investment objectives in Malaysia to assist you for a successful with a hassle-free service! We simplify your property investment in Malaysia!
Complete information on Property Investment for Foreigners, please visit www.ExpatriateAdvisory.com.
Property Financing for MM2H participants – What banks offer?
Banks offer various packages – some come with a no-lock-in period, whilst some without. The lock-in period is often 3 years for most bankers, and if you decided to redeem your bank loan, there will be a penalty where most bankers will charge a rate of 3% of the loan amount. The current average loan interest rate is about 4.2-4.3% per annum. Most banks’ loan provides the client with tenor a maximum to age 60 or 30 years, whichever is lower.
The loan margin can be obtained within the range of 50% to 70% depending on your personal profile and the type of property you intend to purchase.
Property Financing for MM2H participants – Guidelines for loan repayment:
A) Loan amount of RM 400,000
for 10 years-monthly RM 4,150
for 15 years-monthly RM 3,000
for 20 years – monthly RM 2350
B) Loan amount of RM 600,000
for 10 years – monthly RM 6,220
for 15 years – monthly RM 4,590
for 20 years – monthly RM 3,790
Loan approvals are solely at the discretion of the bankers, and may also be subjected to property owned, client’s profile, current situation profile of your country as well as the bank’s policies at the time of application.
Do you have any other questions about migrating to Malaysia? We are here to help you! Do feel free to speak with us. You could e-mail us at email@example.com or fill up this form and we’ll get back to you right away!