2022-09-22

S P Setia and Affin Bank collaborate to provide homebuyers with financing options

S P Setia and Affin Bank collaborate to provide homebuyers with financing options



S P Setia Berhad and Affin Bank Berhad have started a collaboration to provide home finance options called "Home Step Fast/i" to homebuyers who purchase a property in specific projects by the developer.

Homebuyers, particularly first-time purchasers and investors, can benefit from a better cash flow thanks to the financing solution.

It offers the flexibility of low monthly repayments for the first five years from vacant possession.

Homebuyers can choose throughout the campaign to convert their loan into a savings plan if they need quick access to cash for an emergency.

In a statement, S P Setia said that homebuyers will obtain a margin of financing through "Home Step Fast/i" of up to 90 per cent, with an additional 5 per cent set aside for home loan insurances (MRTA, MRTT, MLTT or CLTA), legal and documentation expenses, as well as stamping and valuation fees.

There are no lock-in restrictions or early settlement penalties, and the loan term can last up to 30 years or until the borrower turns 70, according to the developer.

Setia Alam Impian, Bandar Kinrara, Setia Alam, Setia Alamsari, and Setia EcoHill are among S P Setia's property projects in the Klang Valley that are taking part in the "Home Step Fast/i" initiative.

Participating projects in Johor are Setia Tropika, Setia Eco Gardens, Bukit Indah, and Setia Sky 88.



Source: NST.com.my

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