No |
Term |
Definition |
1 |
Purpose |
For personal use |
2 |
Who Eligible |
Malaysia Armed Forces |
3 |
Financing Tenure |
Minimum: 3 years
Maximum: 15 years (Maximum age of 52 for LLP and 65 for Officer at the end
of financing tenure) |
4 |
Financing Amount |
Minimum: RM5,000-00
Maximum: RM200,000-00 |
5 |
Margin of Financing |
None |
6 |
Profit Rate |
5.50% Flat p.a. / BFR + 1.80% (Capping at 11.00%) |
7 |
Ju'alah Rate |
None |
8 |
Mode of Payment |
Monthly deduction from Salary - BMMB Saving Account |
9 |
Advance Payment |
Two months installments |
10 |
Security Deposit |
None |
11 |
Broker Fee |
RM40-00 |
12 |
Stamp Duty |
Ad Valerom |
13 |
Wasiat / Will-Writing |
Compulsory |
14 |
Takaful |
Compulsory |
15 |
Guarantor |
None |
16 |
CTOS Checking |
Yes |
17 |
CCRIS Checking |
None |
18 |
Documents Required |
• |
Copy of BAT C 10 (front and back); |
• |
Latest Salary Slip; |
• |
2 months latest original Salary Slip for Floating Rate; |
• |
BMMB Saving Passbook; |
• |
Settlement Statement; |
• |
Investment Statement. |
|
19 |
Applicant's Eligibility |
Repayment Capacity:
1/3 or 33.33% of New Salary |
