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Version: CNIf you're considering living in Malaysia for an extended period, the Malaysia My Second Home (MM2H) program might be your ideal gateway.With its attractive benefits, including a 10-year renewable visa, tax exemptions, and the opportunity to enjoy Malaysia's vibrant culture, MM2H offers unparalleled flexibility for expats. But how do you qualify and apply? Let’s break it all down.All You Need To Know About MM2H1. What Is the MM2H Programme?2. Economic Impact of the MM2H Programme3. Benefits of the MM2H Programme4. MM2H Visa Requirements5. Are You Eligible for MM2H? (As Per December 2024)6. MM2H Sarawak Programme7. Alternatives to the MM2H Programme8. MM2H Application Process9. MM2H Program Fees10. MM2H vs. Other Long-Term Visa Options11. How MM2H Supports Your Retirement12. Why Malaysia Is an Attractive Destination for Expats13. Things to know about MM2HFAQs About MM2H1. What Is the MM2H Programme?The Malaysia My Second Home (MM2H) Programme, introduced by the Ministry of Tourism, Arts, and Culture (MOTAC) in 2002, is designed to allow foreign nationals, particularly retirees, working expatriates, and investors, to live in Malaysia on a long-term basis. The program grants participants a multiple-entry social visit visa, which is valid for up to 10 years and renewable as long as they meet the program's requirements.This initiative is particularly attractive to those seeking a second home in Malaysia due to the country's low cost of living, rich cultural heritage, and modern amenities. While the MM2H visa allows foreigners to stay in Malaysia for an extended period, it does not lead to permanent residency (PR) status.Applicants must pursue other avenues to attain PR. However, the program offers numerous benefits, including tax exemptions on offshore income and the ability to purchase property in Malaysia.Since its inception, MM2H has attracted thousands of individuals from around the world, offering them flexibility in their long-term stay in the country, whether for retirement, business, or investment opportunities.2. Economic Impact of the MM2H ProgrammeFrom its launch until the end of 2018, the MM2H program generated RM40.6 billion in revenue for Malaysia. This income came from a variety of sectors, including:Application and approval feesPurchases of property by MM2H holdersMedical treatments received in MalaysiaBank deposits placed by foreigners in local banksTourism activities facilitated by MM2H participantsOther consumer purchases related to daily living in MalaysiaThis program boosts the economy and supports industries like healthcare, property, and tourism, contributing to Malaysia’s economic growth by encouraging foreign investment and consumption.3. Benefits of the MM2H ProgrammeThe Malaysia My Second Home (MM2H) programme offers a variety of benefits that make it an attractive option for expatriates, retirees, and entrepreneurs looking for a long-term stay in Malaysia. Here are some key advantages of the program:a. Visa FlexibilityThe MM2H visa allows participants to stay in Malaysia for up to 10 years, with the option of renewal. This multiple-entry visa offers great flexibility, enabling holders to enter and exit the country as they please, provided they stay at least 90 days per year.No work permit is required for those under the program, although certain restrictions apply.b. Tax BenefitsOne of the standout benefits of the MM2H programme is the exemption from taxes on foreign-sourced income. This makes it especially attractive for retirees and business owners who wish to transfer funds into Malaysia.Additionally, pensions and other government-recognized income are not taxed, allowing expatriates to enjoy their income without the burden of additional taxes.c. HealthcareMalaysia’s healthcare system is world-class and affordable, with many private hospitals and medical centers available to MM2H holders. The government offers affordable medical insurance plans, making it easier for participants to access quality healthcare.This, coupled with Malaysia's growing status as a medical tourism hub, is a major draw for expatriates and retirees alike.d. Property OwnershipMM2H holders can purchase residential properties in Malaysia, subject to certain conditions, such as meeting the minimum property price set by each state.This is a significant benefit for those looking to invest in real estate or purchase a second home in a country with a strong and growing real estate market.e. Family SupportThe MM2H programme allows participants to bring their spouse and children (under 21 years old and unmarried) as dependents.Children can attend schools and universities in Malaysia under the same visa, with additional applications for higher education if necessary. In some cases, parents of the MM2H holder may also be eligible to join as dependents.f. Part-Time Employment for SeniorsApplicants over 50 years old may be permitted to work part-time (up to 20 hours per week) in Malaysia, subject to approval by the Immigration Department.This provides an opportunity for seniors to remain active and supplement their income while enjoying the benefits of living in Malaysia.g. Business OwnershipMM2H holders are allowed to establish and own businesses in Malaysia, providing an attractive opportunity for entrepreneurs.However, they cannot participate in the daily operations of the business unless they obtain a separate work visa.h. Low Cost of LivingMalaysia offers an attractive cost of living, especially when compared to many Western countries. This makes it an ideal destination for retirees looking to stretch their retirement savings while enjoying a high standard of living, including affordable housing, healthcare, and lifestyle expenses.4. MM2H Visa Requirementsa. For Applicants Under 50Liquid Assets: At least RM1,500,000.Offshore Monthly Income: At least RM40,000.Fixed Deposit: At least RM1,000,000 in a Malaysian bank account.b. For Applicants Over 50Liquid Assets: At least RM1,500,000.Offshore Monthly Income: At least RM40,000.Fixed Deposit: RM1,000,000 in a Malaysian bank account.Pension Requirement: If you are a retiree, you must show proof of receiving a monthly pension of at least RM10,000.Additionally, applicants must pay an annual social visit pass fee of RM90 and provide a personal bond of RM2,0005. Are You Eligible for MM2H? (As Per December 2024)In June 2024, the Ministry of Tourism, Arts, and Culture in Malaysia introduced a new version of the MM2H package. This updated package made it easier to apply and grouped applicants into three categories: "Platinum," "Gold," and "Silver".Let's have a look!a. MM2H Basic Application Requirements (For All Tiers)CategoryBasic Application InformationMinimum Applicant Age25 years and aboveTarget ApplicantNationals from countries that have diplomatic relations with MalaysiaDuration of ResidenceStay for at least 90 days in a year (cumulative)b. MM2H Basic Eligibility Criteria (For All Tiers)CategoryBasic Application InformationMedical BenefitAllowed to have long-term medical treatmentEducation BenefitFamilies of MM2H participants can study at any higher education institution accredited by the Malaysian GovernmentTax ExemptionsYes if the participant brings in funds (for example: a fixed deposit)Transfer of MM2H PassTransfer to appointed relative upon the principal's deathEligible Family Members- Spouse - Biological children, stepchildren, and adopted children (under the age of 21) - Children with disabilities (No age limit, medical certificate required) - Biological or adopted children, stepsons, and stepdaughters (aged 21-34) who are not employed or married in Malaysia - Parents/father-in-law Permanent Resident StatusNone**Please take note that both the first application and the renewal of the pass must be processed by the MM2H One-Stop Centre, and a health examination is required for BOTH first-time and renewal applicants.**c. Eligibility Criteria According to TierCriteriaPlatinumGoldSilverFixed DepositDeposit a time deposit of at least RM1,000,000 in a designated bankDeposit a time deposit of at least RM500,000 in a designated bankDeposit a time deposit of at least RM150,000 in a designated bankParticipation FeeRM200,000RM3,000RM1,000Property Value LimitRM2,000,000 and aboveRM100,000 and aboveRM60,000 and aboveAllowed to Bring MaidYesNoNoMM2H Pass Validity20 Years15 Years5 YearsEngaged in business/investment activities and work in MalaysiaYesNoNoRenewal FeeRM5,000RM3,000RM1,500Additional Information:Fixed Deposit: Upon successful application, up to 50% of the fixed deposit can be withdrawn to be used in Malaysia for the purchase of property, education, medical treatment, and domestic tourism.Participation Fee: Non-payment by dependents.Property Value Limit: It cannot be sold for 10 years, but it is allowed to be resold to upgrade the property (buy a new property of higher value). Those who do not comply with the conditions may be disqualified.MM2H Pass Validity: Multiple entry visa, renewable after expiration. If the period is renewed after the expiration of the passport, it must be renewed together with the safe passage label (Lekat Keselamatan) on the passport.Renewal Fee: Includes participants' families and is renewed every 5 years.6. MM2H Sarawak ProgrammeWhile the Malaysia My Second Home (MM2H) program is available nationwide, Sarawak has its own set of requirements due to the state's autonomy in managing immigration. The MM2H Sarawak Program is tailored for those who wish to live in Sarawak and requires applicants to meet specific criteria. Additionally, the program mandates the involvement of a local sponsor, which distinguishes it from the national MM2H program.Requirements for MM2H SarawakAge: Applicants must be at least 50 years old. In certain cases, individuals under 50 may be eligible, particularly if they have special medical needs or children studying in Sarawak.Offshore Income: Applicants must meet the following monthly offshore income requirements:Singles: RM7,000Married Couples: RM10,000Fixed Deposit:A minimum fixed deposit of RM100,000 is required, which reduces to RM60,000 after one year.Local Sponsor: A Sarawakian citizen or permanent resident must sponsor the applicant. This requirement is specific to the Sarawak program and is not necessary for the nationwide MM2H program.The MM2H Sarawak program provides a unique opportunity for those interested in living in this beautiful and culturally rich state while offering a slightly more relaxed set of financial requirements compared to the national program. However, the necessity for a local sponsor and the state-specific criteria are important considerations for potential applicants.7. Alternatives to the MM2H ProgrammeIf you don’t qualify for MM2H or want to explore other options, here are some alternatives:Employment Pass: For those who want to work full-time in Malaysia.Investor Visa: For those who plan to set up a business or invest in Malaysia.Malaysia Residency: For those who wish to gain permanent residency through other legal means.8. MM2H Application ProcessApplying for the Malaysia My Second Home (MM2H) programme involves several steps. Careful preparation and adherence to the guidelines are essential to ensure a smooth application process. Below is an overview of the key steps:Step 1: Document PreparationBefore applying, ensure you meet the financial and age requirements for the program. Gather all necessary documents, which typically include:Proof of income (e.g., bank statements, salary slips, or pension details).Copies of your passport.Medical check-up reports.Background checks (if applicable).Step 2: Application SubmissionSubmit your completed application either through an accredited MM2H agency or directly via the official government portal. Your application will go through multiple stages, including:Document verification.Background checks.A possible interview with Immigration Department officials.Step 3: Approval ProcessOnce your application is submitted, it will be reviewed by the Ministry of Tourism and Immigration. The approval process generally takes between 60-90 days but can extend to 4-6 months for some cases, depending on the thoroughness of documentation and verification.Step 4: Fulfilling Financial RequirementsAfter receiving your conditional approval letter:Open a fixed deposit account in a Malaysian bank to fulfill the program’s financial requirements.Provide proof of offshore income as required by the guidelines. Once your financial standing is verified, you can proceed with additional steps, such as property purchases or arranging your relocation.Step 5: Visa IssuanceUpon meeting all conditions:Submit the required visa issuance fees.Undergo biometric processing.Collect your MM2H visa, a 10-year renewable multiple-entry social visit pass.By following these steps diligently, applicants can ensure a smooth transition into their new life in Malaysia under the MM2H programme.9. MM2H Program FeesThe MM2H program requires certain fees for application, processing, and renewals:Initial Application Fee: Approximately RM 2,000 (non-refundable).Visa Issuance Fee: Around RM 90 per year.Renewal Fee: After 10 years, you must renew your visa, and a renewal fee of RM 2,000 is required.Security Deposit: Applicants will need to place a fixed deposit of RM 1,000,000 in a Malaysian bank (which can be accessed after approval) as part of the program’s requirements.10. MM2H vs. Other Long-Term Visa OptionsComparison Table:Visa TypeMM2HMalaysia Employment PassMalaysia PRDurationUp to 10 years (renewable)2 years (renewable)PermanentEligibilityAge and financial requirementsJob offer from a Malaysian employerRequires years of residencyDependentsSpouse, children (under 21)Spouse, children (dependent on job)Spouse and childrenProperty OwnershipAllowed, with conditionsNot applicableAllowed, with conditionsPart-Time WorkYes (if over 50)YesNot permittedIncome TaxTax-free on offshore incomeSubject to Malaysian income taxSubject to Malaysian income tax11. How MM2H Supports Your RetirementOne of the primary reasons individuals apply for MM2H is the appeal of retiring in Malaysia. With its low cost of living, high-quality healthcare, and strong expat community, Malaysia provides the perfect environment for retirees looking to live stress-free.Cost of Living: Malaysia offers significant savings compared to Western countries. You can enjoy a high standard of living while living on a fraction of the cost.Health Care: Malaysia’s private healthcare system is internationally recognized, with affordable options for insurance and medical care.Taxation: There is no taxation on pensions or overseas income, making it an attractive destination for retirees looking to stretch their retirement savings.12. Why Malaysia Is an Attractive Destination for Expatsa. Low Tax RatesMalaysia’s corporate tax rate is among the lowest in Southeast Asia at 17%, making it a hub for businesses and entrepreneurs. For foreign retirees, the tax on pensions is zero.b. A Growing EconomyMalaysia’s economy continues to grow, with a GDP per capita of USD 12,450 in 2022, providing an increasing consumer base and excellent opportunities for both investment and lifestyle.c. Affordable LivingCompared to other expat destinations, Malaysia offers an excellent standard of living at a low cost. Expats can enjoy modern amenities, top-notch healthcare, and beautiful natural scenery without breaking the bank.13. Things to know about MM2Ha. Can foreigners apply for a home loan in Malaysia?It's easy for Malaysians, but can foreigners do it too?Yes, they can! According to Bank Negara Malaysia (BNM), foreigners are allowed to use Malaysian Ringgit to get loans for buying houses. So, foreigners can apply for home loans in Malaysia to buy a house, usually getting 60% to 80% of the money they need.But, it's a bit more complicated for foreigners than for Malaysians. They might need to have lived in Malaysia for more than 5 years and show that they have enough money saved up and invested. The exact rules can vary depending on the bank.b. Advantages and restrictions of MM2HAdvantagesRestrictionsNo restrictions on house purchasePurchase of Bumiputera units/Malay reserves is not allowedAny type of property (including land) can be purchasedPurchase of properties built on Malay reserved land is not allowedFreehold real estate can be purchasedNot allowed to purchase affordable housingAffordable house pricesLimited to price thresholds for purchasing a houseThe MM2H programme is one of Southeast Asia’s best residency options for retirees and expatriates, offering significant lifestyle and financial benefits. With a low cost of living, top-notch healthcare, and the ability to bring family, Malaysia presents a perfect second-home destination for foreign nationals. By fulfilling financial requirements and meeting the application criteria, expats can enjoy the advantages of living in one of the most dynamic and diverse countries in the world.FAQs About MM2H1. What is the MM2H programme? The Malaysia My Second Home (MM2H) programme is a government initiative that allows foreign nationals to live in Malaysia on a long-term basis. Participants receive a renewable 10-year visa with multiple-entry privileges.2. How long is the MM2H visa valid? The MM2H visa is valid for 10 years, with the option for renewal as long as the applicant meets the financial requirements.3. Can MM2H visa holders work in Malaysia? MM2H visa holders cannot work in Malaysia under the programme. However, applicants over 50 years old may be eligible to work part-time (up to 20 hours per week) with prior approval from the Immigration Department.4. What are the eligibility requirements for MM2H? Applicants must meet age and financial criteria:Under 50 years: RM1.5 million in liquid assets and RM40,000 monthly offshore income.50 years or older: RM350,000 in liquid assets and RM10,000 monthly offshore income.5. Can my family join me under MM2H? Yes, MM2H visa holders can bring their spouse and unmarried children under 21 as dependents.6. Can I buy property in Malaysia under MM2H? Yes, MM2H holders are allowed to purchase property, subject to the minimum price set by local states. This varies by region, and foreign buyers must adhere to these thresholds.7. How long does the MM2H application take? The approval process typically takes 60 to 90 days, although it may vary based on individual circumstances and document verification.8. What happens if I don’t meet the financial requirements? If the financial requirements are not met, your MM2H application will be rejected. It is crucial to ensure all financial criteria, including liquid assets and monthly income, are satisfied.9. Can I bring pets to Malaysia under MM2H? Yes, MM2H participants can bring pets, provided they meet the veterinary health certification requirements and obtain clearance from the Department of Veterinary Services.10. What are the penalties for non-compliance with MM2H regulations? Non-compliance with MM2H regulations may result in visa cancellation, fines, or deportation. It's important to adhere to all conditions and renew your visa on time.11. What is the MM2H Sarawak programme? The MM2H Sarawak Programme is a variation of the national MM2H programme, specifically for those wishing to live in Sarawak. It has slightly different criteria, including the need for a local sponsor.This is your chance to expand your second home! Find out more about how to invest in Malaysian property from our trusted team of real estate professionals. Drop your details below![hubspot portal="5699703" id="f817be78-f5ba-4553-8865-58a7a451ce6b" type="form"]Continue Reading:Malaysia’s Terraced House Prices to Rise by 5%, Experts Say | IQI  StarProperty Awards 2024: IQI Secured 21 Awards on the Prestigious Night!  IQI Vietnam Enters Da Nang; Mark its Third Office in the Country 

Version: EN, BM作为一名房奴，当你的房屋贷款（house loan）被银行批准后，紧接下来要面对的就是巨额的房贷利息（house loan interest）！想早点还清房贷，借贷者可以通过观察各银行的房贷利率，选择最适合自己财务能力的贷款配套。现在，就让我们一起来看看马来西亚各大银行12月推行的房屋贷款利率吧！ 阅读内容：1. Maybank Islamic HouzKEY2. Bank Islam Baiti Home Financing-i3. Standard Chartered MortgageOne4. Bank of China Housing Loan5. Public Bank 5 Home Plan房屋贷款利率怎么算？ 自2022年8月1日起，马来西亚的房屋贷款利息将依据标准基准利率（Standardised Base Rate, 简称SBR）来调整。 由于标准基准利率（SBR）与国家银行的隔夜政策利率（OPR）紧密相关，因此所有银行都采用相同的利率。这意味着，一旦OPR调整，SBR也会随之调整。标准基准利率（Standardised Base Rate）+ 利差（Spread）= 有效贷款利率（Effective Lending Rate） 假设你的贷款金额为 RM300,000，贷款期限为 30 年，贷款利率是3.50%，以下则是年利息和月利息的计算方法： 年利息金额：RM300,000 x 3.50% = RM10,500 月利息金额：RM10,500 / 12 = RM875 因此，每月的还款数额会是本金，并额外加上 RM875 的利息。 2024年马来西亚房屋贷款利率是多少？ 以下是马来西亚各大银行在11月推行的房屋贷款利率：1. Maybank Islamic HouzKEY图片来源：Maybank年利率：2.88%起贷款期限：最长可达35年锁定期：一年所需费用逾期罚款未偿金额的 1% 年利率手续费无提前结算费无仅限18至70岁的马来西亚公民，且需为受薪雇员或自雇人士。申请时，不可拥有超过一笔住房贷款，最多允许3名担保人。用户可浏览 Maybank 网站获取更多详情。2. Bank Islam Baiti Home Financing-i图片来源：Bank Islam年利率：3.8%起贷款期限：最长可达35年锁定期：无最低年收入为RM24,000的马来西亚公民，18岁以上，不是破产人士且无任何法律纠纷。申请者至少3年稳定工作或经营盈利业务，并且有至少1年的良好还款记录。所需费用逾期罚款未偿金额的 1% 年利率手续费无提前结算费无赎回函费用每次请求的费用为 RM50公积金提款费信函每次请求的费用为 RM20保险种类Mortgage Reducing Term Takaful (MRTT) / Mortgage Level Term Takaful (MLTT)HOT (Houseowner/Householder Takaful Plan) Houseowner/Householder Takaful欲了解更多详情，请浏览 Bank Islam 网站。3. Standard Chartered MortgageOne图片来源：Standard Chartered年利率：3.9%起贷款期限：最长可达35年锁定期：无最低月收入为RM4,000，年龄在21至70岁之间，需为马来西亚公民，且为受薪雇员或自雇人士。所需费用逾期罚款未偿金额的 1% 年利率手续费RM200提前结算费无赎回函费用每次请求的费用为 RM50公积金提款费信函每次请求的费用为 RM20取消费如果银行承担费用，则为贷款金额的2.25%；否则，取消费用为0.5%。保险种类Fire InsuranceMRTA用户可到 Standard Chartered 网站获取更多详情。4. Bank of China Housing Loan图片来源：Bank of China Malaysia年利率：3.88%起贷款期限：最长可达35年锁定期：三年最低年收入为RM60,000，年龄在18至70岁之间，马来西亚公民或永久居民、在马来西亚工作的外国人均可申请，需为受薪雇员或自雇人士。所需费用逾期罚款未偿金额的 1% 年利率手续费无提前结算费预付款或全额还款需支付2.25%费用（自贷款首次发放日起的前3年内）保险种类Fire Insurance （强制性）Houseowner Insurance （可自选）MRTA（可自选）MLTA（可自选）想获取更多详情，可浏览 Bank of China 网站。5. Public Bank 5 Home Plan图片来源：Public Bank年利率：4.22%起贷款期限：最长可达35年锁定期：三年最低年收入为RM24,000，年龄在21至70岁之间，任何国籍的受薪雇员或自雇人士均可申请。所需费用逾期罚款未偿金额的 1% 年利率提款费RM50手续费RM50 - RM200（取决于受批准贷款额）提前结算费3 年保留期内为 2% 至 3%，具体取决于贷款规模赎回函费用每次请求的费用为 RM50公积金提款费信函每次请求的费用为 RM20保险种类MRTA想获取更多详情，可浏览 Public Bank 网站。由于利息浮动将直接影响未来二十年的还款金额，因此在了解各大银行提供的房屋贷款利率及详细信息后，借贷者应根据自身条件选择最合适的贷款方案，以获得最大效益。当然，还清房贷后，千万别忘了办理后续手续，只有这样房子才真正属于你哦！买房费用太大？担心一辈子只能买一间房？在IQI，只要你努力达成业绩，实现成为包租公/包租婆的梦想绝对不成问题！现在就填写表格与我们联系！[hubspot portal="5699703" id="c063034a-f66d-41ab-881b-6e6a3f275c33" type="form"]延伸阅读：国家银行连续7次维持OPR在3%，对你的房屋贷款有什么影响？马六甲房价竟然是全马最低？本地人和外国人都爱选这3区投资买房！12月FD利率哪家银行最给力？最高可享3.85%利息！

Version: EN森林城市，由碧桂园集团倾力打造，曾被寄予厚望，但近年来却因“鬼城”的称号而备受关注。 这座占地广阔的城市，坐落于马来西亚柔佛州，毗邻新加坡。 规划之初，森林城市以先进的城市设计、优美的自然环境和与众不同的配套设施吸引了众多目光。然而，现实与理想却存在差距，城市内人烟稀少、商业氛围不足。 在2025年财政预算案里，森林城市被纳入为免税岛，而主要目的是为了振兴这座沦落为“鬼城”的各领域发展。 如果你不曾听说过森林城市，也不了解为何如今它会被重点关注，那就让我们带你游览森林城市！阅读内容1. 一个绿色、智慧、未来的理想之城  2. 被赋予“鬼城”称号的现状  3. 森林城市的独特卖点4. 设立家族办公室可享零税务优惠  1. 一个绿色、智慧、未来的理想之城 由碧桂园集团与Esplanade Danga 88联合打造的森林城市，占地约30平方公里，是一座雄心勃勃的未来之城。 项目以“绿色、智慧、未来”为核心理念，将环保的设计理念、先进的科技与现代化的都市生活方式完美融合。 通过将环境、科技和产业的顶尖设计相结合，森林城市致力于打造一个优雅的理想生活与工作空间，为人们呈现一个可持续发展的未来城市蓝图。 政府也致力于发展森林城市（Forest City），并把它列为经济特区，以吸引海外人才和国内外的投资者，自然而然也带火当地房地产。2. 被赋予“鬼城”称号的现状 森林城市是否为“鬼城”一直备受争议。 之所以被贴上这样的标签，主要是因为这座城市的高楼大厦与人烟稀少的景象形成了鲜明对比。 尽管拥有现代化的度假设施，但空旷的街道和闲置的商铺却让这座城市显得有些冷清。 网络上关于森林城市的评价褒贬不一。一些人认为，这座城市的环境和设施管理得很好，但更多的人将它视为一座“鬼城”。 事实上，除了免税店和水上乐园等少数几个地方，城市的大部分区域都显得有些冷清。 至于长期住客，虽然入住率并不高，但他们对绿化环境和私人海滩所带来的整体居住体验还是感到满意的。 3. 森林城市的独特卖点卓越的地理位置森林城市位于依斯干达经济特区核心，与新加坡隔海相望，也配有便捷的交通网络，包括直达新加坡的巴士线路，使居民可以轻松往返两地。 2023年纳入新经济特区后，发展潜力巨大。尤其，森林城市拥有齐全的基础设施、商业资源以及宜居的生活环境，吸引了众多国内外人士前来投资置业。 森林城市是一个充满吸引力的未来生活与商业枢纽，致力为居民提供高品质的生活。 免税岛 马来西亚2025年预算决定将森林城市指定为免税区，这将大大促进复兴，特别是该地区旅游业和零售业的发展。 免税政策的实施将直接拉动消费，吸引大量游客和投资者，为当地经济注入新的活力。  在马来西亚政府的支持下，森林城市滨海酒店及其周边景点将迎合来自世界各地的游客，成为游客必去的目的地之一。  免税购物带来的价格优势将刺激消费需求，带动零售业的繁荣。 免税购物、餐厅和娱乐活动也将为居民和游客提供新的生活与旅游方式。 4. 设立家族办公室可享零税务优惠 马来西亚政府于2024年9月宣布，将森林城市打造成全国首个家族办公室零税率的地区。 这旨在吸引全球高净值家庭前来管理财富，推动当地经济发展，提升森林城市的国际地位。这一举措将于2025年第一季度正式实施。 为了吸引更多国际投资，政府还推出了一系列优惠政策： 家族办公室马来西亚证券委员会推出了一项全新的家族办公室计划。根据该计划，从2025年第一季度开始，在森林城市设立的家族办公室将享有0%的企业所得税优惠。 金融全球商业服务 从事金融全球商业服务、金融科技和国外支付系统的企业，所得税税率将统一调整为5%。  知识型员工 知识型员工的个人所得税税率为15%。搬迁津贴等 为促进金融业发展，政府将对银行、保险等金融机构提供一系列税收优惠，包括搬迁费用减免、工业建筑投资抵扣和预扣税减免。总结来说，森林城市具备成为热门投资和旅游目的地的诸多优势。家族办公室零税务政策、免税优惠、生态环境、地理位置，这些都为吸引游客提供了坚实基础。 想摆脱“鬼城”的称号，最重要的还得要正视存在的挑战，不断提升自身，才能实现成为国际投资者和旅客的目标。 森林城市房产的投资条件那么好，你还不心动吗？即刻联系我们，让我们在你的投资之路助你一臂之力吧！[hubspot portal="5699703" id="85ebae59-f425-419b-a59d-3531ad1df948" type="form"]延伸阅读：投资柔佛房产赚新币：柔新捷运、经济特区激活柔佛房市成新热点！移居热带天堂成趋势？沙巴成亚洲投资者的“第二个家”！中国企业投资大马：港口/机场附近更具优势，尤其这3个港口最火！

Version: CN, BMFinding the best house loan interest rates in Malaysia can be challenging, especially with various options available. Critical terms like home loan, housing loan, and loan tenure are crucial for making informed decisions. This guide will help you navigate the different types of loans, their interest rates, and other essential aspects to consider when looking for a dream home.In December 2024, several financial institutions in Malaysia offer competitive house loans and home financing options. Here's a quick overview:1. Best House Loan Interest Rates in December 2024Bank NameHouse Loan NameProfit RateFinancing TypeTenureLock-In PeriodMaybank IslamicHouzKEYFrom 2.88% p.a.Term Islamic FinancingUp to 35 years1 YearBank IslamBaiti Home Financing-iFrom 3.8% p.a.Term Islamic FinancingUp to 35 years / age 70NoneStandard CharteredMortgageOne From 3.9% p.a.Full-Flexi loanUp to 35 yearsNoneBank of ChinaHousing LoanFrom 3.88% p.a.Term loanUp to 35 years3 YearsPublic Bank5 Home PlanFrom 4.22% p.a.Semi-Flexi loanUp to 35 years3 YearsSource: RinggitplusThese banks offer a range of housing and home loans that cater to different needs, whether you're looking for a flexible or term loan.Table of Contents1. Best House Loan Interest Rates in December 20242. Understanding the Effective Lending Rate (ELR)3. Understanding House Loan Interest Rates4. How Should You Compare Lending Rates Across Banks as Borrowers?5. How to Plan and Compare Your House Loan Interest Rates?Critical Terms in Home Financing1. Maybank Islamic HouzKEYSource: MaybankRequirementsCriteriaAge18 to 70 years oldEligibilityMalaysian citizen onlyMust not have more than one (1) home financing at the point of applicationSalaried employee, Self-employedUp to 3 guarantors allowedSource: MaybankFees & ChargesCriteriaLate Penalty Fee1% p.a. on the outstanding amountProcessing FeeNo FeeEarly Settlement FeeNo FeeSource: MaybankBenefitsDescriptionFull 100% FinancingGet full financing with no downpayment requiredNo Payment During ConstructionWe help to finance the cost during construction.LOWEST Monthly PaymentEnjoy the lowest monthly payments with the best rates.Source: MaybankYou may visit the Maybank website for more information.2. Bank Islam Baiti Home Financing-iSource: Bank IslamRequirementsCriteriaAgeAge 18 and aboveMinimum Annual IncomeRM24,000EligibilityMalaysian CitizenNot a bankrupt or have any legal actionGainfully employed or Profitable business for at least 3 yearsMinimum 1-year good payment track recordSource: Bank IslamFees & ChargesCriteriaLate Penalty Fee1% p.a. on the overdue installments until the date of full payment, and this applies to the Facility before maturity. If after maturity, you will be charged with a sum equivalent to the prevailing daily overnight Islamic Interbank Money Market Rate on the outstanding balance i.e., outstanding Sale Price less Ibra’, if anyProcessing FeeWaivedEarly Settlement FeeThere is no 'lock-in period' for this Facility, and Bank Islam shall grant Ibra' on the deferred profit after full settlement is made.Redemption Letter FeeThere is no 'lock-in period' for this Facility, and Bank Islam shall grant Ibra' on the deferred profit after full settlement.Letter for EPF Withdrawal FeeRM20 per requestInsurance TypesMRTTMLTTHouseowner/Householder TakafulSource: Bank IslamBenefitsCriteriaMargin of financingHigh Margin of financing up to 90%No compounding elements-No penalty for early settlement-Tenureup to 35 years or age 70No lock-in period-Source: Bank IslamYou may visit Bank Islam website for more information.3. Standard Chartered MortgageOneSource: Standard CharteredRequirementsCriteriaAge21 to 70 years oldMinimum Gross IncomeRM4,000 / monthEligibilityMalaysians onlySalaried employee, Self-employedSource: RiggitPlusFees & ChargesCriteriaLate Penalty Fee1% p.a. of the outstanding amountProcessing FeeRM200 setup fee for MortgageOne™Early Settlement FeeNILRedemption Letter FeeRM50 per requestLetter for EPF Withdrawal FeeRM20 per requestCancellation Fee2.25% of the loan amount if the bank bears the entry cost. Otherwise, it's 0.5%Insurance TypesFire InsuranceMRTASource: RiggitPlusBenefitsDescriptionRedraw FacilityWithdraw excess cash paid into your home loan account for personal use at any time without restrictions and penalty.Priority Banking privilegeIf you're a Standard Chartered Priority Banking customer, the bank might offer you lower interest rates (subject to approval).Source: RiggitPlusYou May visit the Standard Chartered website for more information.4. Bank of China Housing LoanSource: Bank of China MalaysiaRequirementsCriteriaAge18 to 70 years oldMinimum Annual IncomeRM60,000EligibilityMalaysiansPermanent Residents, Foreigners working in MalaysiaSalaried employee, Self-employedSource: RiggitPlusFees & ChargesCriteriaLate Penalty Fee1% p.a. on the amount in arrears causing the total outstanding to increaseProcessing FeeWaivedEarly Settlement Fee2.25% Prepayment/Full settlement within the first 3 years from the date of first release of the loanInsurance TypesFire Insurance (Mandatory)Houseowner Insurance (Optional)MRTA (Optional)MLTA (Optional)Source: RiggitPlusYou may visit the Bank of China Malaysia website for more information5. Public Bank 5 Home PlanSource: Public BankRequirementsCriteriaAge21 to 70 years oldMinimum Annual IncomeRM24,000EligibilityAny nationalitySalaried employee, Self-employedSource: RiggitPlusFees & ChargesCriteriaLate Penalty Fee1% p.a. of the outstanding amountWithdrawal FeeRM50 Processing FeeRM50 to RM200, depending on the financing amountEarly Settlement Fee2% to 3% within 3-year retention period, depending on loan sizeRedemption Letter FeeRM50 per requestLetter for EPF Withdrawal FeeRM20 per requestInsurance TypesMRTASource: RiggitPlusYou may visit the Public Bank website for more information2. Understanding the Effective Lending Rate (ELR)Source: Bank Negara MalaysiaThe Effective Lending Rate (ELR) is a critical component when evaluating home loans. It represents the total cost of borrowing, expressed as an annual percentage rate. The ELR includes the reference rate and the spread, which collectively impact your monthly repayments.Reference Rate: This is the base rate, like the Standardised Base Rate (SBR), which is influenced by Bank Negara Malaysia's policies.Spread: Additional charges include credit and liquidity risk premiums, operating costs, and the bank’s profit margin.The ELR is crucial as it affects the total repayment amount and helps borrowers compare different loan products effectively.What is the Reference Rate?Source: Bank Negara MalaysiaThe reference rate is a benchmark interest rate used by Malaysian banks to determine the changes in borrowers' repayments on floating-rate loans throughout the tenure. This rate can vary between institutions but is a foundation for setting the lending rate.Is the Reference Rate Equal to the Standardised Base Rate (SBR)?No, the reference rate differs from the Standardised Base Rate (SBR). The SBR is a specific reference rate that standardizes the base rate across all banks. Introduced on 1 August 2022, the SBR is directly linked to the Overnight Policy Rate (OPR) set by Bank Negara Malaysia. This standardization aims to simplify the comparison of loan rates across different banks.Is the Reference Rate Equal to the Overnight Policy Rate (OPR)?The reference rate can include the OPR as a component, especially when the SBR is used. The OPR is the interest rate at which banks lend to each other overnight and is set by the central bank. Changes in the OPR directly influence the SBR, affecting the reference rate used for loans.What is Spread?The spread is an additional percentage added to the reference rate to arrive at the ELR. It covers various costs and risks incurred by the bank, including:Credit Risk Premium: Compensation for the risk that a borrower might default.Liquidity Risk Premium: Compensation for the risk associated with the bank’s liquidity.Operating Costs: Day-to-day costs of running the bank.Profit Margin: The bank’s earnings from the loan.The spread is generally fixed for the duration of the loan unless there is a significant change in the borrower’s credit risk profile.3. Understanding House Loan Interest RatesUnderstanding the mechanics of interest rates and how they impact repayments is essential for making informed decisions about Malaysian house loans.What are House Loan Interest Rates?House loan interest rates are the percentage banks charge on the loan's principal amount. These rates determine the cost of borrowing and are influenced by various factors, including the central bank’s policies and the individual bank's cost structures.How to Calculate House Loan Interest Rate?Source: Bank Negara MalaysiaCalculating your home loan interest rate is essential for understanding how much you will pay over time.Use a home loan calculator to determine your monthly instalments and total repayment. Here’s an example:Example Calculation:Bank’s Base Rate (BR): 2.00%Spread: 1.50%ELR: BR + Spread = 2.00% + 1.50% = 3.50%For a loan amount of RM300,000 over 30 years, the monthly instalment would include the interest and principal repayment. Understanding these calculations can help you save money and manage your loan tenure effectively:Annual Interest Amount: RM300,000 x 3.50% = RM10,500Monthly Interest Amount: RM10,500 / 12 = RM875Thus, the monthly repayment would include RM875 in interest plus the principal repayment.What Can Affect Your House Loan Interest Rate?Several factors can influence your house loan interest rate, including:Central Bank Policies: Changes in the Overnight Policy Rate (OPR) by Bank Negara Malaysia can directly impact interest rates.Economic Conditions: Inflation and economic stability can influence interest rates.Borrower’s Credit Score: Higher credit scores often result in lower interest rates.Loan Tenure: Longer loan tenures can sometimes attract higher interest rates.4. How Should You Compare Lending Rates Across Banks as Borrowers?Comparing lending rates across banks involves more than just looking at the ELR. Consider the following steps:Review the ELR and Spread: Compare the total cost of borrowing.Understand Additional Fees: Be aware of any extra fees that might apply.Read the Product Disclosure Sheet (PDS): This document provides crucial details about the loan.5. How to Plan and Compare Your House Loan Interest Rates?When planning a home loan, consider the property value, loan amount, and loan tenure. Use a loan calculator to estimate your monthly instalments and ensure you understand all associated fees. Planning and comparing Malaysia house loan interest rates require a strategic approach:Research Different Lenders: Identify potential lenders and their offerings.Interest Rates: Compare the interest rates offered by different banks.Additional Features: Evaluate foreclosure charges and other loan features. Some loans include extra funds withdrawal or linked current accounts for easier management.Read Reviews: Learn from the experiences of other borrowers.Seek Professional Advice: Consult with financial advisors if needed.Maximum Loan Tenure: Most banks offer up to 35 years.Prepayment Options: Check if the bank allows for additional payments without penalties.Insurance Requirements: Most housing loans require Mortgage Reducing Term Assurance (MRTA) or other types of insurance.Flexibility: Compare loans that offer flexible repayment options, like a flexi loan or semi-flexi loan (make sure to understand the terms and conditions).Critical Terms in Home FinancingUnderstanding key terms related to home financing is crucial for navigating the market:Outstanding Principal Balance: The remaining amount you owe on your loan, excluding interest.Home Loan Balance: The total amount left to pay on your home loan.Basic Term Loan: A standard loan with fixed interest rates and repayment terms.Loan Period: The total time over which you will repay the loan.Mortgage Reducing Term Assurance: Insurance that decreases as your loan balance decreases.Choosing the right house loan or home loan in Malaysia requires careful consideration of several factors, including the interest rate, loan tenure, and associated fees. By understanding the options available and using tools like a home loan calculator, you can make a more informed decision that aligns with your financial goals and helps you secure your dream home.Are you looking for a dream house after getting the best house loan interest rates? We can assist you! Send us your details, and we will contact you soon! [hubspot portal="5699703" id="85ebae59-f425-419b-a59d-3531ad1df948" type="form"]Continue Reading:OPR Remains at 3%: How Does This Affect Housing Loans?Is Now the Perfect Time to Invest in Malacca’s Property? Explore Malacca’s Potential!Fixed Deposit: Which Bank Has the Best FD Rates for July 2024? + Quick Guide to Fixed Deposits (FD & FD-i)