Hi,

I am considering taking the CIMB HomeFlexi loan, however there is a Rm200 registration fees and RM10 monthly maintenance fees.

I came to know that for CIMB Home financing-I Islamic loan, it offers the similar rate as the conventional HomeFlexi but minus the registration and monthly fees.

I know the earlier generations of Islamic loan is known to have a higher interest rate and extra terms , making the actual cost of financing higher compared to conventional, but CIMB is claiming the current Islamic loan package is on par with their conventional, is there any catch here ?

Is there any disadvantage in taking an Islamic loan, or specifically CIMB home financing-I ?

Any bankers / sifu could be kind enough to shed some light on this matter would be much appreciated.

Thanks.