Home loan cheer

Malaysian Business, Jan 16, 2008 by Compiled by Thavamani S Retnam

AMERICAN International Assurance Co Ltd has announced a line-up of new home loan packages. These new packages are aimed at benefiting many Malaysians interested in purchasing a home or refinancing their existing housing loans with the benefit of fixed interest rates for the long term. For instance, Package 1 offers 5.75% fixed up to 30 years; Package 2 offers 5.50% fixed for five years and thereafter 6.25% fixed; Package 3 offers BLR-2% for two or three years and thereafter 5.99% fixed; and Package 4, 5.99% per annum fixed.

All the packages come with more value-added features such as freedom to prepay additional payments as and when you like with no limit on the amount prepaid and the frequency of prepayment. The certainty of AIA Home Loan Fixed Rates offer better financial planning as well as peace of mind over the long-term without worries of fluctuations in the BLR. Furthermore, you can cash out on the increasing value of your property to get additional loans for your children's education, renovation, personal commitments and investments.