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BUSINESS

L&G, Affin Bank offer 'HELLO' campaign, a financing solution with lower monthly instalments

25/04/2022 02:04 PM

KUALA LUMPUR, April 25 (Bernama) -- Land & General Bhd (L&G) has collaborated with Affin Bank Bhd to offer the ‘HELLO’ campaign as another financing solution which could ease homebuyers to own their dream house with lower monthly instalments for the first five years.

The campaign powered by Affin’s Home Step Fast financing solutions comes with marginal financing of 90 per cent plus five per cent is offered to all L&G current projects namely Astoria Ampang at Jalan Ampang, Damansara Seresta at Bandar Sri Damansara and SenaParc at Senawang Seremban with the combined gross development value (GDV) of more than RM1.5 billion.

Affin Bank mortgage business managing director Jessie Wong said the bank offers loan or financing tenure of up to 30 years or age 70 years (whichever is earlier) with no lock-in period where borrowers will not be charged any penalty fees for early settlement.

“With these financing solution, homebuyers can enjoy savings on advance payment. I believe this product is suitable for those people with tight cash flow for purchasing a new property.

“This kind of loan structure, in actual fact is suitable for those people who are thinking of buying a bigger property, upgrade their existing property and also for investment purposes,” she said during a press conference here today.

Wong said the financing solution which caters for properties priced RM200,000 and above is applicable for both completed and under-construction residential properties.

“We also target those (development) priced RM500,000 and above, especially these types of development by L&G. I believe it is suitable for those people who are looking for something luxurious,” she said.

L&G managing director Low Gay Teck said the financing solution offered by Affin Bank suited very well for all L&G projects as its properties are in the range of RM500,000 to RM1 million.

“I believe this financing product is very innovative and it’s very helpful to first-time homebuyers. Products like this, where the bank offers to eligible customers to pay interest only for the first five years is something already practised in many countries currently.

“We take the lead to promote this kind of product in Malaysia," he said.

-- BERNAMA

 

 


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