Property Financing

Set up fee of RM200.00 

Monthly service charge of RM10.00 

*Non rebated profit of RM40.00

Redraw fee of RM25.00** via OTC/Branch/Contact Centre and RM10.00** via CIMB Clicks

**per transaction regardless of the amount withdrawn

For period up to 1 year

Front page - RM10.00 

Additional page - RM2.00 

For period exceeding 1 year

Front page - RM30.00 

Additional page - RM2.00 

As per Stamp Duty Act 1949 (Revised 1989)

i)Letter Offer                     : RM10.00

ii)Principal Document      : RM5.00 for every RM1,000.00

iii)Security Document      : RM10.00

iv)Standing Instruction   : RM10.00

Early Settlement Charges

(applicable for Variable Home Financing-i/Business Premises Financing-i/Flexi Home Financing-i/HomeFlexi Smart-i/Flexi Business Premises Financing-i/BizFlexi Smart-i)

The bank shall have the right to charge customer(s) an Early Settlement Charge upon customer(s) Early Settlement during lock-in period and the Early Settlement Charge shall be calculated in the manner as set out below:

"Early Settlement Charges" shall mean [(Board Rate - Discounted Rate)] or 1%, whichever is lower, X (Outstanding Bank's Purchase Price) X number of calendar days from date of first disbursement until date of payment of Settlement Amount (both dates inclusive) /365.

“Outstanding Bank's Purchase Price" shall mean the Bank's Purchase Price portion of the Bank's Sale Price which has not been paid to the bank.

For this purpose, "Board Rate" shall mean the bank's normal rates provided to customer(s) at the point of issuance of redemption statement for the facility, which is usually higher than the discounted rate and "Discounted Rate" shall mean the bank's promotional rates at the point of issuance of the letter of offer.

Note: The Lock-In Period for this product is currently waived until further notice. 

Early Settlement Charges

(applicable for Residential Vacant Land Flexi Smart-i/Term Financing-i/PR1MA Normal/High Margin Package)

The bank shall have the right to charge customer(s) an Early Settlement Charge upon customer(s) Early Settlement during lock-in period and the Early Settlement Charge shall be calculated in the manner as set out below:

"Early Settlement Charges" shall mean [(Board Rate - Discounted Rate)] or 1%, whichever is lower, X (Outstanding Bank's Purchase Price) X number of calendar days from date of first disbursement until date of payment of Settlement Amount (both dates inclusive) /365.

“Outstanding Bank's Purchase Price" shall mean the Bank's Purchase Price portion of the Bank's Sale Price which has not been paid to the bank.

For this purpose, "Board Rate" shall mean the bank's normal rates provided to customer(s) at the point of issuance of redemption statement for the facility, which is usually higher than the discounted rate and "Discounted Rate" shall mean the bank's promotional rates at the point of issuance of the letter of offer.

The Customer(s) undertakes to pay to the Bank late payment charges as compensation (Ta'widh) as follows:

a)      For any overdue and/or late payment during the Availability Period and/or the Tenure which does not result in a termination of the Facility = 1% p.a. or any other rate approved by BNM on the Monthly Profit or the Monthly Instalment (as applicable),  

b)     For any overdue and/or late payment which results in the facility being terminated prior to maturity = 1% p.a. on the outstanding Bank's Sale Price less the rebate (Ibra') ("Outstanding Balance") commencing from termination of the facility, and

c)      For any overdue and/or late payment after expiry of facility tenure = Will not be more than the BNM's prevailing daily overnight Islamic Interbank Money Market (“IIMM”) Rate on the Outstanding Balance; subject always to any rebate (Ibra'), wherever applicable, commencing from expiry of the facility.

The accumulated compensation (Ta'widh) will not exceed 100% of the Outstanding Bank's Purchase Price. The Bank will give the Customer(s) prior written notice of any change in the compensation (Ta'widh) rate for late payment.

Please refer to LO and PDS for detailed fees and charges.

Non rebated profit of RM40.00 

A non-rebated profit of RM40.00 per month will be charged to your Facility account on the due date of the Monthly Instalment if the Flexibility Rate is less than 70% of the Outstanding Bank's Purchase Price at the end of the month, based on the formula below.

Flexibility Rate (%) = (Average Daily Balance for the month/Outstanding Bank's Purchase Price) X 100%

Average Daily Balance (RM) = (sum of daily Outstanding Bank's Purchase Price - sum of daily ledger balance of SMIA-i) / number of days in the month