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The Mortgage Commitment Letter is a critical document in the Malaysian property financing process, issued by financial institutions to prospective borrowers who have successfully passed the initial loan application assessment. This document represents the bank's formal commitment to provide mortgage financing, subject to specific terms and conditions. It serves as a crucial intermediate step between loan application approval and the execution of final loan documentation. The letter typically includes essential details such as the approved loan amount, interest rate, tenure, security requirements, and conditions precedent that must be fulfilled. In Malaysia, these letters must comply with regulations set by Bank Negara Malaysia and can be issued for both conventional and Islamic banking facilities, with additional requirements for Shariah compliance where applicable. The document provides borrowers with the necessary assurance to proceed with their property purchase while giving sellers confidence in the buyer's financing capability.

1. Letter Header and Date: Financial institution's letterhead, reference number, and date of issuance

2. Borrower Details: Full name, identification number, and contact details of the borrower(s)

3. Property Details: Complete description of the mortgaged property including title details and address

4. Loan Terms: Principal amount, interest rate, loan tenure, and monthly installment amount

5. Security Requirements: Details of the mortgage/charge over the property and any additional security required

6. Conditions Precedent: List of conditions that must be fulfilled before the loan can be disbursed

7. Fees and Charges: All applicable fees including processing fees, legal fees, stamp duty, and other charges

8. Validity Period: Period for which the commitment letter remains valid

9. Acceptance Terms: Instructions for accepting the offer and next steps