Flexible mortgage payments with Citibank Malaysia

If flexible repayment schedule is what you are looking for, Citibank FlexiHome Loan is the right choice because it allows you to pay off your mortgage whenever you want. Pay more when you have excess cash or withdraw when you are in need of liquidity, as often as you wish.

Every payment above the monthly instalment you make into the account is offset on a daily basis against the balance of your Citibank FlexiHome loan, so you pay less interest on your loan.

If financial freedom is your goal, then you should apply for Citibank FlexiHome loan.

Features & Benefits
Flexibility Flexiblility to deposit more than your monthly instalment or withdraw excess amounts anytime, and as often as you wish.
calculator Daily interest calculation for interest savings.
repayment Option to start your principal repayments even while your property is under construction, to reduce your financial commitments quickly.
mrta Optional MRTA or MLTA insurance plan to safeguard your home.
protection Excess payment available for withdrawal is eligible for protection by PIDM*.
time Get your home loan approved in 10 minutes^.

*Click here for more details on PIDM protection

^The loan approval given by the Bank for the purpose of this application is only an indicative approval. The indicative approval and eligible loan amount is derived based on the information provided by the customer via the Universal Loan Indicative Approval Application Form (ULIAAF) and is not an agreement by the Bank to provide any loan or other products/services to the customer. Accordingly, the actual approval of the home loan including the loan amount is subject to the submission of the required full application form with supporting documentation and the Bank's credit assessment. The ULIAAF is only applicable to individual borrowers. The rates on the loan may change according to changes in the Base Rate (BR).

When you deposit funds in excess to the instalment (“Extra Payment”), your principal will automatically be reduced the following day for the purpose of calculation of interests. Interest will be calculated on the amount which is the difference between the loan outstanding balance and the Extra Payment deposited into the Flexi current account (a non-cheque book current account)(“Interest Offset Feature”).

The amount of the Interest Offset Feature will be capped at 70% of your total loan outstanding balance (“Offset Cap”). The remaining 30% of the loan outstanding balance which exceeds the Offset Cap will be charged at the effective interest rate of the loan. This is applicable for loans approved on and after 1 January 2016.

Salaried Self-employed
Copy of NRIC (front and back) Yes Yes
Latest 3 months’ salary slips Yes  
Latest EPF statement Yes  
Income tax returns - latest BE, B or EA Form (where applicable)   Yes
Form 24 and 49 (business registration forms, if applicable)   Yes
Bank statements for the last 6 months   Yes
Sales and Purchase Agreement or Title or Booking Receipt (where applicable) Yes Yes

Note : Citibank may require additional supporting documents as may deemed fit for the loan application

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