• Maybank Home Loan

    Maybank Home Loan

    Maybank is one of the largest and well known banks in Malaysia and a leader in the country providing various personal, retail and commercial banking solutions to their customers. This already gives the housing finance option from this bank an added edge over other housing products. Being one of the biggest names in the business, they still are very conscious about the fact that they are an out an out Malaysian bank and they keep making an extra effort to ensure the overall financial development of the economy and industry through their products and not just make profits in their line of business.

    Housing loans from Maybank, come with a lot of benefits and are bespoke to the needs and requirements of the Malaysian public, catering to various income groups as well. The bank offers a maximum loan repayment tenure of 35 years to make sure that people can enjoy their homes without guilt or an overwhelming dagger hanging as a huge lump sum to be paid against the home loan each month. Also with credit balances that are over RM 5000, customers can earn up to 1.85% every year of the repayment tenure. A foreigner or a non Malaysian can apply for this loan if the amount to be borrowed is over RM 500,000. There is also an overdraft facility, allowing the borrowers to withdraw up to RM 1000, each month against the overdraft facility. To get a clarity over all the products read on.

    You’re probably eligible for an Maybank Bank Home Loan if you are

    Maybank Bank Home Loan Minimum Age

    At least 25 years old

    Maybank Bank Home Loan Maximum Age

    Less than 60 years old

    Maybank Bank Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Maybank Bank Home Loan Minimum Income

    Earn more than the minimum
    income required

    Your Maybank Bank Home Loan amount eligibility is based on these factors

    Maybank Bank Home Loan Minimum Salary

    Instalment limited to about 50%
    of monthly income

    Maybank Bank Home Loan Maximum Loan to property value

    Loan capped @ Up to 90% + 5% MRTT

    Maybank Bank Home Loan EMI

    Instalments of other loans lower
    your eligibility

    Increase your eligible Maybank Bank Home Loan amount by these steps

    Maybank Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Maybank Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 35 years

    Maybank Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents

    Documentation needed to apply for an Maybank Home Loan

    • 1. NRIC / Identity Card.
    • 2. Latest Valid Passport & VISA/Working Permit/Employment Pass.
    • 3. Business Registration/Form 24 & 49.
    • 4. Copy of Sales & Purchase or Booking Receipt or Letter of Offer from Developer.
    • 5. Copy of Individual Title Deed.
    • 6. Property Valuation Report (for completed properties).
    • 7. Latest 3 consecutive months salary slips/vouchers.
    • 8. Latest 6 consecutive months of commission statement.

    Maybank Bank Home Loan Interest RatesUpdated on 22 Oct 2016

    Maybank Bank Home Loan Details
    Margin of Finance Up to 90% + 5% MRTT
    Tenure 35 years
    Guarantor Requirement Guarantee Required

    Why opt for Maybank Home Loan?

    Maybank’s MaxiHome Flexi loan functions combines home loan with a customer’s deposit account. As a result, savings in the account will minimise the outstanding principal of home loan. Loans are provided for all types of residential properties (fully constructed and under construction). MaxiHome Flexi offers additional flexibility in that customers can manage both their savings and cash flow via a single flexi loan account.

    Types of Maybank Housing Loans

    Maybank offers the following two types of loans

    1. Maybank Maxi Home Flexi
    2. Maybank Maxi Home

    Maybank Maxi Home Flexi

    MaxiHome Flexi combines home loan, savings and current accounts into a single account. Some of the salient features of Maybank Maxi Home Flexi are as follows:

    • Offers a loan tenure of a maximum of 35 years.
    • Customers can earn up to 1.85% p.a interest for credit balances higher than RM5,000.
    • Entails a pre-payment fee of 2% on the (outstanding) loan amount.
    • If the loan amount is greater than RM 5,00,000, a foreigner can apply too.
    • Around RM 1,000 can be withdrawn from the overdraft account in a day.
    • Customers can withdraw extra payments sans extra charges.
    • Does not charge any commitment fees.
    • Offers finance for MRTA and legal fees.
    • Offers personal accident cover of a maximum of RM50,000 and medical expenses of RM3,000 free of cost.

    Maybank Maxi Home

    It is a conventional loan offered for purchase of property. Some of the salient features of this loan are as follows:

    • Offers a flexible loan tenure of up to 35 years
    • No processing fees are charged for this loan
    • Offers loan up to 95% of the property value
    • Offers GMTA and compulsory fire insurance
    • Entails a pre-payment fee of 2% on the (outstanding) loan amount.
    • If the loan amount is greater than RM 5,00,000, a foreigner can apply too.

    Maybank Home Loan Interest Rates

    Maybank offers competitive interest rates. The rate of interest on this home loan is floating and depends on several factors such as annual income and credit history among others. The interest is computed on a daily basis for savings on interest under the Maybank Maxi Home Flexi plan. In Malaysia, the base lending rate (BLR) is 6.6% while the maximum loan amount which can be offered is usually 90% of the price of the property.

    How to apply Maybank Housing Loan?

    The documents required for loan approval are listed below:

    • Employment Proof
    • Latest EPF Statements
    • Last 6 months’ Bank Statements
    • Proofs of Income Tax Return
    • Property Purchase Agreement
    • Salary Slips

    Customers have to log on to the official website of Maybank and zero in on the most suitable home loan finance plan for them. Upon choosing the loan type, they must fill in their personal details online, following which they must print a copy of their application and submit it. If an application meets all the requirements, a home loan request will be pre-approved, following which, customers will will receive a reference number and provisional letter of offer. Customers have to go to a Maybank branch within 14 days with a printout of the letter of offer in addition to other documents for verification. Customers can check the progress of their loan request online by using their reference number.


    1. What are the eligibility criteria for availing of a Maybank home loan?

      The minimum age is 25 years while the maximum is 60 years. All salaried persons and self-employed with a regular income can avail of a home loan by Maybank.

    2. Can I prepay the Maybank Home Loan?

      Yes. You can prepay Maybank home loan subject to a pre-payment fee of 2% on the (outstanding) loan amount.

    3. What is the margin of financing?

      The margin of financing is 90% (for all types of fully constructed and under construction residential properties).

    4. How do I apply for Maybank Home Loan?

      You have to log on to the official website of the bank, enter all relevant data online and submit it along with all the required documents.

    Other Products offered by Maybank:

    Apart from offering Home Loan,Maybank offers other products and services which include:

    News About Maybank Home Loan

    • Maybank Sets It Foot in Myanmar, with Its First Branch In the Country

      Malayan Banking Berhad (Maybank) with their main operations in Malaysia, Singapore and Indonesia, opened their first fully functional banking branch in Myanmar, on Monday. The Central Bank of Myanmar awarded Maybank the final license to initiate operations, last week.

      Maybank claims, according to a statement, received a banking license on Oct 1, 2015, as an initiative to liberalize the banking sector in the country. Maybank said that it would serve corporate and wholesale clients, also domestic banks in Myanmar through a range of services that include working capital financing, deposit accounts, cash management, capital market solutions and treasury.

      According to sources, this is expected to help leverage on the bank's’ expertise in financing utilities , power, fuels and telecommunication industry, which are of the utmost importance to help serve to Myanmar’s prior requirements.

      Maybank had operated through a representative office established in 1994. In 2012, the bank started a Malaysia-Myanmar remittance service along with five banks of Myanmar intended for remittance of funds from citizens of Myanmar, in Malaysia to their near and dear ones in Myanmar.

      4th August 2015

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