SHAH ALAM: Prominent property developer SP Setia Bhd has launched a partnership with Affin Bank Bhd to offer home financing solutions to its homebuyers through the Home Step Fast/i programme.
The programme allows homebuyers of SP Setia the flexibility of low monthly repayments for the first five years from vacant possession, targeting first-time buyers and investors. Those accessing emergency funds can opt to convert their loan into a savings scheme.
Benefits include a margin of financing of up to 90% with an additional 5% allocated for home loan insurance, legal and documentation fees, as well as stamping and valuation fees.
The loan tenure is spread up to 30 years or until 70 years of age with no lock-in period or early settlement fee required.
SP Setia’s Klang Valley participating properties are Setia Alam Impian, Bandar Kinrara, Setia Alam, Setia Alamsari, and Setia EcoHill, while Johor participating properties include Setia Tropika, Setia Eco Gardens, Bukit Indah and Setia Sky 88.
SP Setia sales and marketing head Norlina Mohd Noor, executive vice president Datuk Tan Hon Lim, executive vice president Datuk Yuslina Mohd Yunus, Affin Bank Mortgage Business managing director Jessie Wong Yen Yee, mortgage director Simeon Leong and mortgage sales manager Chee Lih Peng were present at the launch.