3 days ago
IOI Properties, RHB partner to offer green home loans
The property developer said the partnership underscores IOIProp and RHB's dedication to supporting homeownership.
KUALA LUMPUR: IOI Properties Group Bhd (IOIProp) is partnering with RHB Banking Group (RHB) to launch home and renovation loans and financing and green property loans and financing for eligible residential properties across IOIProp's property portfolio.
The loans and financing will be offered through RHB's HB Full Flexi Home and Renovation Loan/Financing, as well as the RHB Green Residential Property Loan/Financing programmes.
In a statement yesterday, the property developer said the partnership underscores IOIProp and RHB's dedication to supporting homeownership while streamlining the move-in experience and promoting sustainable development approaches in the country.
IOIProp's head of group sales and marketing and branding, Nicole Lee Chee Yiing, said the partnership will help to smooth out the homeownership journey for buyers.
'Through RHB Full Flexi Home and Renovation Loan/Financing, homebuyers will be given access to obtain financing packages of up to 90% plus 30% loan/financing margins for selected residential properties.
'The additional 30% loan/financing margin aims to assist eligible homebuyers in covering renovation costs at attractive overall home and renovation loan/financing rates,' she said.
Lee said the renovation loans/financing will be disbursed directly to the buyers in stages based on renovation progress.
'We hope that through this financial solution in partnership with RHB, we will be able to help reduce the financing burden for buyers upon vacant possession, addressing this common pain point among home seekers.'
Meanwhile, IOIProp said under RHB Green Residential Property Loan/Financing, home purchasers can opt for loan/financing margins up to 95% (inclusive of entry-cost financing), with an additional 5% to finance mortgage reducing term assurance (MRTA)/mortgage reducing term takaful (MRTT) coverage.
'Properties with Green Building Index (GBI), GreenRE or Leadership in Energy and Environmental Design certification are eligible under the campaign.
'The collaboration also aligns with the group's overall IOI Sustain Roadmap 2030, specifically its strategic focus on addressing climate change by reducing our carbon footprint as we continues to develop sustainable communities, among other initiatives,' it said. — Bernama
