| Package Name | SMART Mortgage-SJKP (Skim Jaminan Kredit Perumahan) |
| Eligibility | All individuals & joint applicants
For fixed income earners, non-fixed income earners and self-employed
Firts time house buyers for own occupation |
| Benefits | Financing Moving Costs and Related Expenses (MCRE) i.e. MRTT/LTHT, legal fees, valuation fee & stamp duty
Fully-Shariah compliant product
Peace of mind with MRTT 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.
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| Margin of Financing | Up to of purchase price or market value of property (inclusive of MRTT, up to a maximum financing amount of RM300,000 only) |
| Tenure | Financing tenure up to age of 65 years or maximum duration of 35 years, whichever is earlier |
| Documents required | Self-employed or non-fixed income earner
Photocopy of I/C of applicant(s)
Latest 6-month Bank or deposit account statement (if any)
Business License; or Fisgerman's registration card; or taxi permit; (whichever is applicable)
Declaration letter on self-employment or income stream duly confirmed by JKKK or Category A government servants, Penghulu/Ketua Kampung
Site visit to the business premise (to verify the employment and/or business undertaking and declared income)
Original S&P Agreement/ booking sheet/ down payment receipt
Any additional documents if required by the Bank
Fixed income earner
Photocopy of I/C of applicant(s)
Latest 3-month salary slips or cash vouchers (whichever is applicable)
Latest 3-month bank or deposit account statement
Latest Income Tax Return/ EPF Statement
Employr confirmation letter
Declaration letter on self-employment or income stream duly confirmed by JKKK or Category A government servants, Penghulu/Ketua Kampung
Any additional documents if required by the Bank |
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