Niaga Bank offer Housing Loan

Housing loan package designed for customers who want to purchase:

1. New house from a developer
   Bank Finance up to 90% of the price list in approved developer
   Bank Finance up to 80% of the appraisal value of the non approved developer
   Loan tenure up to 20 years or 55 years of age for fixed  income or 65 years of age for non fixed income earner, whichever is earlier
2. New and secondary apartement and shop houses
   Bank Finance up to 80% of the price list in approved developer for the new and  of the appraisal value for the secondary one
   Loan tenure up to 10 years or 55 years of age for fixed income or 65 years of age for non fixed income earner, whichever is earlier
3. Secondary house
   Bank finance up to 80% of the appraisal value
   Loan tenure up to 20 years or 55 years of age for fixed income or 65 years of age for non fixed income earner, whichever is earlier
4. New and secondary land
   Bank finance up to 70% both for financing land purchasing for the new one and the secondary one
   Loan tenure up to 5 years or 55 years of age for fixed income or 65 years of age for non fixed income earner, whichever is earlier

House Building and Renovation

House Building is  housing loan package designed for a customer who already has a plot of  land and is ready to build a house on it.
Loan tenure up to 20 years
Bank finance up to 80% from the property appraisal value which can be combined with the RAB or 100 % of the RAB, whichever is less

Renovation is housing loan package designed for a customer who already had a house and wants to renovate it  to have more space or increase the quality
Loan tenure up to 10 years
Bank finance up to 80% from the property appraisal value or 100% of the RAB renovation, whichever is less

Multi purpose

Designed for a  customer who wants to use the credit facility for multipurposes, and guarantee the residential properties
Loan tenure up to 10 years
Bank finance up to 70% of the property appraisal value

Flexi Housing Loan

Housing Loan Facility in Overdraft Protection Scheme that provides you with the following features and benefits:

• Automatic Decreasing Fund at selected period, i.e quarterly, semi-annually, and/or annually
• No charge for extra monthly installment that enables you to pay off your debt before the due date
as well as to reduce its interest cost
• Paid monthly installment can be withdrawn at any time during the loan tenure with no need of
reprocessing and/or addning new collateral

Flexi Housing Loan is designed for:
• Purchasing new or secondary house from developer or non-developer
• Refinancing your existing housing loan at another bank (take over) when you are about to enjoy
the flexibility of Flexi Housing Loan or to increase your previous plafond

Fixed Installment

On the Fixed Installment scheme, you are able to set the amount of your monthly installment that would be fixed during the loan tenure; hence, the changes of interest rate would be affected to the length of loan tenure

This scheme of installment is designed for:
• Purchasing new or secondary house from developer or non-developer
• Refinancing your existing housing loan at another bank (take over)

(source:bankniaga.com)