• Home Loan BYTES FROM OUR KITCHEN

    Maybank Overseas Mortgage Loan Scheme

    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.

    Features and Benefits

    • Enjoy mortgage repayment in Malaysian Ringgit with no impact of foreign currency fluctuation.
    • Get flexibility of making extra payment any time during the loan tenure.
    • Withdraw cash from the advance payments according to your requirement.
    • Repay your loan through ATMs, CDMs, online banking, phone banking, and standing instructions.

    Fees and Charges

    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.

    Eligibility Criteria

    Nationality Requirement Malaysian
    Age Requirement Not more than 70 years before the term matures

    Documents Required

    Applicant Type Documents Required
    Salary-earning Employee
    • One copy of NRIC.
    • Salary slips for the latest 3 months.
    • Latest BE form.
    • One copy of the Sales and Purchase agreement.
    • One copy of valuation report (wherever required).
    Self-employed Individual
    • One copy of NRIC.
    • Financial statements for the last 3 years.
    • Bank statements for the latest 6 months.
    • One copy of the Sales and Purchase agreement.
    • Latest form B.
    • One copy of valuation report (wherever required).

    How to Apply

    Online Application
    • Visit the official website of Maybank.
    • Click on the “Apply Now” tab inthe mortgage loan page.
    • Fill up the enquiry form.
    • Submit the form.
    Offline Application
    • Visit your nearest Maybank branch.
    • Fill up the application form with necessary details.
    • Submit the form along with all required documents.

    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.

    FAQs

    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.

     

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