EON Bank Group launched a new home loan package that is pegged against the 12-month fixed deposit rate (FDR), which according to EON is easier to understand for customers. The bank’s one year FDR is at 2.50%.

EON Bank Group group chief executive officer, Michael Lor says, “Everyone understands fixed deposit (FD) rates because the rates are prominently displayed and disclosed in our banking halls and website.

“For us, this latest offering is more than just a new product. It is actually the logical continuation of the story we are telling our customers about our existing home loan product – that banking with EON Bank is simple, convenient and value-driven.”

The new home loan package is called the Super Easi 123 Home Loan Fixed Deposit and is offered at up to FDR + 1.25%. The package is available for refinancing and purchases of completed properties with a minimum property value of RM200,000. It has ‘flexi’ features such as hassle-free additional repayment and withdrawal facilities, up to 95% margin of financing with interest rates calculated daily, repayment period of 30 years or up to the age of 70, whichever is earlier. Mortgage Reducing Term Assurance (MRTA) and legal fees can also be included into the loan amount.

For more information, head on to www.eonbank.com.my.