KUALA LUMPUR (Sept 21): S P Setia Bhd has partnered Affin Bank Bhd to launch the Home Step Fast/i campaign, which offers home financing solutions to homebuyers of selected S P Setia projects.

According to a press statement on Tuesday (Sept 20), Home Step Fast/i allows S P Setia’s homebuyers, especially first-time buyers and investors, to enjoy better cash flow. The campaign offers the flexibility of low monthly repayments for the first five years from vacant possession.

“Through the campaign, homebuyers who require access to emergency funds can opt to convert their loan into a savings scheme,” the statement said.

Additionally, homebuyers will receive a margin of financing of up to 90%, with an additional 5% allocated for home loan insurances (MRTA, MRTT, MLTT or CLTA), legal and documentation fees, as well as stamping and valuation fees.

The statement added that the loan tenure is up to 30 years, or until 70 years of age, with no requirement of a lock-in period or early settlement fee.

Participating projects in the Klang Valley are Setia Alam Impian, Bandar Kinrara, Setia Alam, Setia Alamsari and Setia EcoHill. In Johor, the projects include Setia Tropika, Setia Eco Gardens, Bukit Indah and Setia Sky 88.