Tropicana Corporation Bhd and Affin Bank Bhd have collaborated to oversee house financing for the homebuying market, targeting first-time homebuyers, young families and property investors with the Home Step Fast/i campaign.
The Home Step Fast/i campaign, according to a statement by Tropicana, enables purchasers to own their dream homes with cheaper monthly payments while also benefiting from larger cash flow for five years following vacant possession.
Joanne Lee, senior managing director of marketing and sales at Tropicana, claims that the campaign lessens the need for up-front payments.
"The initiative offers peace of mind to homebuyers by allowing them to experience more cash flow."
This can be used to pay for post-vacant possession fees like stamp duty and renovation costs or saved for other costs related to starting families, businesses, or careers. This partnership with Affin Bank exemplifies the Group's focus on wise collaborations and innovative approaches as it continues to redefine the art of living, according to Lee.
The Home Step Fast/i campaign is available as a conventional and Islamic financing option, and it has no lock-in term or early settlement costs.
Along with a full range of coverage plans like mortgage reducing term assurance (MRTA), fire insurance, and householder insurance, the programme also provides redraw opportunities for overpayments.
Under the terms of the Housing Development Act of 1996, any Tropicana residential properties that are finished or under construction and cost RM500,000 or more are eligible for the Home Step Fast/i campaign.
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