We first determine your financing requirements in relation to the duration and manner of payment. The Bank then purchases a given asset that you wish to acquire and subsequently sells the asset to you at a mutually agreed price. This price also comprises the Bank's actual cost and profit margin. You will then pay this price to the Bank through monthly installments.
Term Financing-i for purchase of residential vacant land is based floating rate features based on the movement of the Base Financing Rate (BFR) with capped at an agreed ceiling rate.
Non Free Moving Cost (NFMC) - All costs and charges incurred in relation to the facility (i.e takaful, valuation fee, legal and stamping fees) are to be borne by the customer.