Maybank MaxiPlan

    Maybank offers the Maybank MaxiPlan scheme, which is a refinancing loan. With MaxiPlan, you can refinance your existing home loan, and get access to some cash at hand. This refinance scheme is available to both individuals and small businesses.

    Interest Rate 3.25% (BR) + 1.75% p.a.
    Type of Loan Semi-Flexi.
    Margin of Financing Up to 85%.

    Features & Benefits

    • Get a finance margin of up to 85%.
    • Choose from single or multiple instalment payment options.
    • Pay more whenever possible without any limitations.
    • Choose to pay only interest for the first 5 years.
    • Enjoy the flexibility of withdrawing the extra amount you have paid.

    Fees & Charges

    Stamp Duty Charges Based on the Stamp Duty Act 1949.
    Legal and Disbursement Fees Fees for registration of charge, loan documentation, bankruptcy search, and land search.
    Processing Fee Varies from RM50 to RM200 based on the loan amount.
    Processing Fee on Redraw of Advance Payments RM25/redraw request from the loan account.
    Letter for EPF Withdrawal RM10/request.
    Monthly Maintenance Fee RM5 for the overdraft facility.
    Late Payment Penalty 1% p.a. on the arrears.
    Redemption Letter RM50/request.

    Eligibility Requirements

    Nationality Malaysian citizens and permanent residents.
    Type of Applicants Individuals and joint applicants.

    Documents Required

    Salaried Employees
    • A copy of your NRIC.
    • Latest 3 months’ salary slips.
    • Latest BE Form.
    • A copy of the title deed and the Sales and Purchase Agreement.
    • A copy of the valuation report.
    Self-employed Applicants
    • A copy of your NRIC.
    • Latest 3 months’ financial statements.
    • Latest B Form.
    • Latest 6 months’ bank statements.
    • A copy of the title deed and the Sales and Purchase Agreement.
    • A copy of the valuation report.

    How to Apply

    Online Application
    • Visit the bank’s website.
    • On the “Contact Us” page, fill up your contact details and send it to the bank.
    • A bank representative will get in touch with you to guide you through the application process.
    Telephone Application
    • Call the Customer Care Hotline number.
    • Speak to a customer service representative to know more about the application process.
    Branch Application
    • Visit the nearest branch.
    • Express your interest in the home loan refinancing scheme.
    • Fill up the application form.
    • Attach the required documents.
    • Submit the application to the branch.

    Read the terms and conditions thoroughly to know how the home loan scheme works. Check with the bank about the eligibility criteria. A home loan refinancing is a right choice when you do not pay much in interest rates, and other fees and charges.


    Q. Is this loan available to the units under construction?

    A. Yes. The MaxiPlan is available for residential units under construction.

    Q. How do I redraw the advance amount?

    A. You can redraw the amount you have paid in advance via the bank’s website, or at the branch office.

    Q. Is this loan offered to the non-residents of Malaysia?

    A. Yes. This loan is offered to non-residents of Malaysia.

    Q. What is the use of paying only interest for the first 5 years?

    A. The bank offers you an opportunity to keep the instalments low for the first 5 years. You can pay just the interest every month for the first 5 years, and then start to pay the principal amount.

    Q. Should I provide a guarantor to get the loan approved?

    A. The bank may require you to provide a guarantor based on your repayment capability and other criteria.

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