Public Bank Home Loan


Public Bank is one the few banks in Malaysia which is known for its home loan plans and there are two very unique offers which are available for customers to choose from. The unique feature about the housing loan from public bank is that the interest rate is calculated on a daily basis. For those of you who have always dreamt about owning your very own dream home, Public Bank just might be the bank to offer you such a deal and make those dreams come true. Apart from that, Public Bank also offers traditional banking solutions in addition to online banking products, credit cards and other types of deposit products.

Do you qualify for a Public Bank home loan?

The age limit for one to qualify to get a loan from Public Bank is a little higher as you will have to be at least 21 years of age. They have also set a maximum age limit whereby you cannot be more than 70 years of age if you are looking to apply for a loan. One of the most important thing is that you have to be employed or self-employed and like most requirements from banks, you will need to have a take home salary of at least RM 24000 per annum in order for you to qualify.

Just how much can you really borrow?

You will be happy to know that Public Bank has given you a maximum instalment limit of up to 50% of your income to service the loan. The loan is provided could also reach up to a 90% of the property but that is not all as you also get an additional 10% Mortgage Reducing Term Assurance (MRTA) . You will still have to be careful as if you have any other instalments from other existing loans, it will make it a little harder to qualify for the full loan.

How do I improve my chances on getting a loan for that dream house I have always wanted?

If you don’t know already, being married is a plus point when it comes to applying for loans. This is so because you will be able to make your spouse a co-applicant and her income will be added to your eligibility when applying for the loan. If all else fails is that you could also add your parents as co-applicants and the same privileges apply.

2 Types of loans available

5 HOME Plan

The 5 HOME Plan Package whereby a customer can save a considerable amount in interest. This is because the rates are actually calculated on a daily basis. Customers who are eligible will also be provided with credit cards with Exclusive Annual Fee Waiver throughout the loan tenure. There is also an option of redraw facility for all new Conventional Housing Loans with loan amount of RM100,000 or more. For example, let’s say you have made an additional RM 30,000 for your housing loan with the access cash in your hands faithfully, this option gives you an opportunity to take back the extra money which you previously paid for your own personal use.


The MORE package plan would be more suitable for property owners who want extra funds for a renovation or other extension work. It could be for any purpose whether it means taking their family on a holiday to even renovating their home. This plan also enables customers who have loans with other banks, to transfer their existing loans under Public Bank instead. There are many suitable packages to choose from and under the MORE plan, there is an equal monthly instalment package with OD facility and Home save package linking your loan to your current account.

Think wisely as both home loans offer great advantages when it comes to savings and flexibility. Just to be extra sure about which loan and monthly repayment scheme would suit you best, do use the Public Bank home loan calculator provided from the bank’s online website to give you a better understanding of what to expect.