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Financing A Property Investment In Malaysia
By Will Yap

Not many of us have spare funds that we can use to pay for the purchase of a property in one lump sum. Moreover, even if we did have those funds, we may want to put it into other uses such as playing the stock market or expanding our businesses in order to gain other financial benefits. Hence to purchase a property, we have to depend on loans or overdrafts. This fact is well recognised as you will see temporary offices of banks and finance companies set up in property developers' sale offices to facilitate such services.

What are the sources to finance a property investment in Malaysia? This article will seeks to provide you with the answers. However, what is stated in this article should be taken as a guide only. It is advisable for you to check with your financial institution for the specific terms and conditions prevailing at the time of taking the loan.

The sources of financing of property purchase in Malaysia are:

1) Commercial banks and licenced finance companies. One of the most common source of mortgage finance is from either local or foreign banks in Malaysia. However, there has been a growing trend of other financial institution such as insurance companies jumping into the mortgage bandwagon.

2) Bank Simpanan Nasional (National Savings Bank). This bank provides housing loans but it is selective as to whom it gives those loans to. It provides loans for property costing RM100,000 or less. The applicant should be a Malaysian citizen, aged between 18 years and not more than 55 years upon date of the loan maturity.

3) Malaysian Building Society Bhd (MBSB). This is the only building society in Peninsular Malaysia which gives out housing loans. It has been doing so for many years. Only Malaysian above age of 18 years are eligible for the loans but the loan must be for houses in Peninsular Malaysia only.

The following are only a few sources to finance a property investment in Malaysia. Different sources will have their own terms and conditions. Check with the respective institution for detail before signing the agreement.

For alternative sources of financing a property investment in Malaysia, visit http://www.Cyberjaya-Apartment.com Blog

Will Yap is a niche property investor and the owner of http://www.Cyberjaya-Apartment.com - The website http://www.Cyberjaya-Apartment.com was created to provide information on fully furnished and comfortable apartment rental in Cyberjaya, Malaysia.