Maybank Overseas Mortgage Loan Scheme helps you get your dream property in London and Australia. The scheme provides you with a high margin of financing for properties that are completed or under construction.
The following table contains the major highlights of this loan facility:
|Margin of Financing||Up to 75% of the property’s valuation|
|Type of Loan||Flexi Loan|
|Properties Covered||Completed and under-construction high-end residential properties in London, Sydney, Melbourne, Perth, Adelaide, and Brisbane|
|Loan Tenure||Up to 30 years|
|Interest Rate||3.25% (BR) + 1.35% p.a.|
|Stamp Duty||As per the Stamp Duty Act 1949.|
|Processing Fee||RM50 to RM200 (based on financing amount).|
|Letter of EPF Withdrawal||RM10 per request.|
|Redemption Letter||RM50 per request.|
|Late Payment Charges||1% of the outstanding amount.|
|Age Requirement||Not more than 70 years before the term matures|
|Applicant Type||Documents Required|
Maybank Overseas Mortgage Loan Scheme helps you buy or build a high-end residential property in London, and Australia. This package offers you with a financing of up to 75% of the property’s valuation at competitive interest rates.
Q. What is the base rate for this home loan?
A. The current base rate for Maybank is 3.25% p.a.
Q. Is there a restriction to the purpose I take this loan for?
A. The scheme is open only to customers who want to build or buy residential properties in London and Australia for personal or investment purposes only.
Q. Is there an option for me to settle the loan amount before the agreed upon tenure?
A. Yes, you can settle the loan before the loan tenure ends.
Q. Is there a lock-in period associated with this loan scheme?
A. Yes, the scheme comes with a lock-in period of 3 years.
Q. Do I have to pay any fees in case of an early settlement of this financing scheme?
A. Yes, you will be charged with an early-settlement fee of 3% of the approved loan amount in Malaysian Ringgit.
Q. Does the loan scheme require me to present a guarantor?
A. The requirement of a guarantor may vary from application to application based upon your credit consideration and repayment capability.