SMART Mortgage FLEXI
Flexible Terms To Meet Your Needs
Package Name
SMART Mortgage FLEXI
Eligibility
All individuals & joint applicants
Product Features
| Item | Normal Financing |
SMART MORTGAGE FLEXI | |
| Senario 1 | Senario 2 | ||
| Financing Amount | RM500,000 | RM500,000 | RM500,000 |
| Effective Rate | 4.35% | 4.35% | 4.35% |
| Tenure (Years) | 35 | 35 | 35 |
| Monthly Payment | RM2,320 | RM2,320 | RM2,320 |
| Extra Payment | – | RM50,000 | RM50,000 |
| Redraw Payment | – | RM30,000 | – |
| New Principal Balance | RM500,000 | RM480,000 | RM450,000 |
| New Tenure (Years) | 35 | 32 | 28 |
| Profit Charges (Whole Tenure) | RM474,421 | RM432,041 | RM369,039 |
| Saving on Profit Charges | – | RM42,380 | RM105,382 |
SMART Mortgage Flexi allows you to reduce your financing tenure up to 28 years from the original 35 years. Please note that the results are for illustration and indicative purposes only. Terms and conditions apply.
Documents required
- Photocopy of MyKad
- Latest 1-month salary slip
- Latest 1-month Bank Statement
- Latest J/EA Form
- Verification through the ‘HRMIS’ System for government servants
- Original S&P Agreement/ booking sheet/ down payment receipt
- Business Registration and other related forms for self-employed (whichever related)
- Any additional documents (if required) – Latest EPF statement
