Maybank Mortgage Loan

Maybank Mortgage Loan, information about the Mortgage Loan is provided below.

Maybank Overseas Mortgage Loan Scheme

Obtain a local mortgage for your property in London and Melbourne

Buying properties in Melbourne? Pay for them in Ringgit

With Maybank’s Overseas Mortgage Loan (OML) Scheme, you can buy properties in Melbourne while using a local mortgage. We will help you to finance your residential property locally, so you need not worry about the fluctuating foreign exchange rates on your monthly repayments.


Key Features?

Ringgit denominated mortgage

Maybank Overseas Mortgage Loan Scheme will be in Ringgit and your monthly instalments also payable in Ringgit; so you need not worry about the effect of fluctuating exchange rates throughout your mortgage tenure.

Financing for high-end residential properties

Properties financed may be for own occupation or investment purposes. The property may be located within a 15km radius of the Melbourne Central Business District (CBD).

Completed or off plan property financing

Whether your Melbourne property is completed or about to be developed, we will help you finance your property with ease. The properties financed must be purchased direct from developers.

Competitive interest rates

Enjoy greater savings with your mortgage as you have access to interest rates which are among the lowest in town.

Financing for legal and valuation fees

You can opt to include your Melbourne property legal and valuation fees as part of your mortgage, for greater financial flexibility.

More benefits awaits you!

  • No more currency fluctuation impact on your mortgage repayments
  • High margin of financing (MOF) up to 75%
  • Flexibility to pay more and withdraw cash when funds are needed
  • No notice needed for withdrawal of excess payments
  • Long tenure up to 30 years or 70 years of age, whichever is earlier
  • Convenience of multiple repayment channels – online, ATM, Cash Deposit Machine, Phone Banking or Standing Instruction

Obtain a local mortgage for your property in London

Key Features

Ringgit denominated mortgage

Maybank Overseas Mortgage Loan Scheme will be in Ringgit and your monthly instalments also payable in Ringgit; so you need not worry about the effect of fluctuating exchange rates on your monthly repayments throughout your mortgage tenure.

Financing for high-end residential and commercial properties

Properties financed may be for own occupation or investment purposes, both residential and commercial types located within London Zones 1 to 3.

Completed or off plan property financing

Whether your London property is completed or about to be developed, we will help you finance your property with ease.

Competitive interest rates

Enjoy greater savings with your mortgage as you have access to interest rates which are among the lowest in town.

Financing for legal and valuation fees

You can opt to include your London property legal and valuation fees as part of your mortgage, for greater financial flexibility.

More benefits

  • No more currency fluctuation impact on your mortgage repayments
  • High margin of financing (MOF) up to 75%
  • Flexibility to pay more and withdraw cash when funds are needed
  • No notice needed for withdrawal of excess payments
  • Loan tenure:
    Up to 30 years or 70 years of age whichever is earlier
  • Convenience of multiple repayment channels – online, ATM, Cash Deposit Machine, Phone Banking or Standing Instruction

Maybank’s Trade Up Mortgage Loan

Trade-Up Mortgage Loan for a New Residential House

Most people have their dream home in their minds, and might even have come across it, but cannot afford it until they have sold off their current property.

For them, a trade-up mortgage loan may be the only way to have a shot at securing that dream home before it goes to competition.

Maybank is the only Bank in Malaysia that offers a Trade Up Mortgage.

It is a short-term secured loan designed to bridge the temporary cash shortfall when you want to buy that dream home pending the sale of your existing house. It gives you time to put up your existing house for sale and to find the right buyer at the right price.

Like a mortgage, the Trade Up Mortgage is a loan that is “secured” against property. In this case, it is secured against the existing house that you want to sell.

Maybank’s Trade Up Mortgage gives you the following financial assistance :-

  • The necessary finance to bridge the gap between the purchase price and the approved loan amount of your new dream home, and;
  • The necessary finance to redeem the loan amount still owing to a financial institution for your existing house.


You must apply to Maybank for the housing loan for your new dream home and the Trade Up Mortgage Loan at the same time.

In a nutshell, the benefits of Maybank’s Trade Up mortgage are:

  • It gives you the financial assistance to secure your dream home pending proceeds from the sale of your existing house.
  • It gives you the peace of mind of knowing you have at least 18 months to sell off your existing house at the best price.
  • It offers you financial assistance of up to 70% of the open market value of your existing house.
  • It helps you to pay off the existing loan on your existing house.
  • It is short term loan of only up to 18 months.
  • It is settled by the proceeds from the sale of your existing house.

For more details, visit the nearest Maybank branch or call 1300 88 6688.

Maybank London Residential Home Financing

Financing the purchase of your property for investment

Whether you need to finance your latest investment property purchase or re-finance your existing investment property in London, we offer competitive rates, flexible repayment options and cross-border lending where applicable.

To find out more about Maybank Home Financing options, email us at PrivateWealth@maybank.uk.com or speak to Mr Putra today at +447525856403


Financing Package

Margin of AdvanceInterest Rate
Up to 80%
Cost-of-fund +1.25% p.a.
Up to 60%Cost-of-fund +1.00% p.a.

This is a Non Free Moving Cost package i.e. costs pertaining to legal documentation, disbursements, valuation fees and other relevant costs will be borne by applicants. 


Features

Type of Facility

  • Term Loan

Currency

  • GBP only

Financing Amount

  • Minimum loan: £100,000.00
  • Maximum loan: £5,000,000.00

Opening of Rent Collection Account

  • Borrower(s) shall open a Rent Collection Account with Maybank London branch.
  • The net rental proceeds from the mortgage property will be assigned to this account and thereafter your housing loan repayment will be collected from this account.

Tenure

  • Maximum of
    • 30 years tenure; or
    • Age of 70 years, whichever is earlier.

Property Type

  • All completed residential properties including under construction landed and non-landed properties (from Zones 1, 2 & 3 only)

Minimum Lease

  • The remaining leasehold period shall not be less than 50 years, inclusive of the financing years.

Lock-in Period

  • One (1) year from loan disbursement date.


Eligibility

Purpose

  • To finance the purchase of residential property for Buy to Let (BTL) only.
  • To refinance existing loans from other banks provided the said property is used for BTL only.

Eligibility

  • Age limit: Minimum – 18 years old; Maximum – 70 years old.
  • HNW clients having existing relationship with Maybank Group. Call us to know on how to be part of Maybank HNW.

Margin of Financing

  • Maximum of up to 80%.


Fees & Charges

Processing Fee

  • £500.00 upon submission and £500.00 upon acceptance (both non-refundable).

Early Repayment Fee

  • 3 months’ notice or by paying 3 months interest in lieu of notice for part prepayment.
  • 3% of the loan limit if the loan is redeemed within one (1) year from the date of disbursement.


Portfolio Landlords (if applicable)

Additional Information Required (for clients with more than 4 properties globally) **



  • Customer’s experience in BTL market – to provide documentary evidence.
  • Business plan supporting merits of new borrowing(s).
  • Documentation showing portfolio of properties and outstanding mortgages.
  • Summary of asset and liabilities including tax liabilities for the existing property portfolio.
  • Historical and future expected cash flows on the property to be declared to the Branch.

** Disclaimer: The interest rate for Portfolio Landlords differs from the above standard rate, which is subject to approval.


Other Terms

Law Firms

  • Maybank appointed law firms.

Valuers

  • Maybank appointed valuers.

Commodity Murabahah Home Financing-i

A variable-rate, Shariah-compliant home financing based on the concept of Murabahah via Tawarruq or Commodity Murabahah arrangement

Features & Benefits

  • Based on the principle of Murabahah (cost plus profit)
  • The Bank provides home financing to customer via trading of identified Shariah-compliant commodities such as Crude Palm Oil and RBD Palm Olein.
  • Choice of affordable fixed, tiered or variable profit rate
  • No compounding of profit and other charges
  • No early settlement charge / lock-in period penalty
  • Protection of ceiling rate upon the fluctuation of Islamic Base Rate (IBR) throughout tenure
  • Competitive financing rates and margin of financing
  • Lower monthly instalment with the longer payment period of up to 35 years or until the age of 70, whichever comes first
  • Higher financing eligibility of up to 70% of your gross income*
  • Higher financing margin of up to 100% of the value of the house (including capitalisation of related expenses such as MRTT contribution)
  • MRTT coverage, which settles your outstanding mortgage and transfers the title deed to your family in the event of death or total and permanent disability
  • Stamp duty waiver for conversion from Conventional facility
  • Hassle free for the third party financing
  • Granting of rebate for early settlement
  • Minimal documentation compared to other home financing plans
  • Convenient payment options of your instalment via Maybank and Maybank Islamic branches, ATMs, Kawanku Phone Banking, and online via Maybank2u.com

*Terms and Conditions apply

Please use our Maybank Islamic Calculator to help your financing requirements.

Who Can Apply

  • All individuals, joint applicants, residents, and non-residents

Scope

  • Financing purchase of residential properties, whether completed or under construction units
  • Refinancing your existing mortgage from another financial institution and save profit
  • Remortgage your residential properties that are free from encumbrances and get extra cash
  • Additional financing for your personal investment needs, any contingencies or home improvements
  • Purchase of vacant land and construction of bungalows thereon
  • Conversion from conventional loan to Islamic financing
  • Restructuring your current mortgage to meet your current financial needs
  • Minimum property value of RM75,000 and a minimum financing amount of RM10,000

Required documents

Please bring along the following documents when you visit our branch:

Compulsory Identity Documents

  • For Residents – NRIC/Identity Card
  • For Non-residents – Latest valid passport & visa/working permit/employment pass
  • For Self-employed Applicants -Please include the business registration form/ Form 24 & 29 with any of the above

Compulsory Property Documents

  • Copy of Sales & Purchase/Booking Receipt or Letter of Offer from Developer
  • Copy of Individual Title Deed
  • Property Valuation Report (for completed properties)

Compulsory Income Evidences

  • For salary earners/gainfully employed – Latest 3 consecutive months salary slips/vouchers, latest 6 consecutive months of commission statement, latest EPF statement, latest EA form, latest 6 months bank statement, and letter of confirmation of employment and remuneration.
  • For self employed (including Sole-Proprietorship, Partnership, Commission earners) – Latest certified/audited financial statements, latest statement of commission Issued by company, latest EPF statements, latest B/BE Form/e-Filing, latest tax payment receipt, latest 6 months bank statements.

Fees and Charges

  • Non-Zero Entry Cost
    The customer pays the legal fees, valuation fees and **stamp duties
  • No trading or brokerage fee
    Customer will not be charged brokerage/ trading fee for the Commodity trading

Commodity Murabahah Shophouse Financing-i

A variable-rate, Shariah-compliant shophouse financing based on the concept of Murabahah via Tawarruq or Commodity Murabahah arrangement

Features & Benefits

  • Based on the principle of Murabahah (cost plus profit)
  • The Bank provides shophouse financing to customer via trading of identified Shariah-compliant commodities such as Crude Palm Oil and RBD Palm Olein
  • Choice of affordable fixed, tiered or variable profit rate
  • No compounding of profit and other charges
  • No early settlement charge /lock-in period penalty
  • Protection of ceiling rate upon the fluctuation of Islamic Base Rate (IBR) throughout tenure
  • Competitive financing rates and margin of financing
  • Higher financing eligibility of up to 70% of your gross income*
  • Higher financing margin of up to 90% of the value of the shophouse (including capitalisation of related expenses such as MRTT contribution)
  • MRTT coverage, which settles your outstanding mortgage and transfers the title deed to your family in the event of death or total and permanent disability
  • Stamp duty waiver for conversion from Conventional facility
  • Hassle free for the third party financing
  • Granting of rebate for early settlement
  • Minimal documentation compared to other home financing plans
  • Convenient payment options of your instalment via Maybank and Maybank Islamic branches, ATMs, Kawanku Phone Banking, and online via Maybank2u.com

*Terms and Conditions apply

Please use our Maybank Islamic Calculator to help your financing requirements.

Who can apply

  • All individuals and small business, joint applicants, residents, and non-residents

Scope

  • Financing purchase of properties, whether completed or under construction units; Shop houses, shop offices, commercial lots in shopping complex, office lots, factories, industrial buildings (For own Occupation and Investment)
  • Refinancing your existing mortgage from another financial institution and save profit
  • Remortgage your properties that are free from encumbrances and get extra cash
  • Additional Financing for your personal investment and working capital needs, any contingencies or shophouse improvements
  • Conversion from Conventional to Islamic facility
  • Restructuring your current mortgage to meet your current financial needs

Required documents

Please bring along the following documents when you visit our branch:

Compulsory Identity Documents

  • For Residents – NRIC/Identity Card
  • For Non-residents – Latest valid passport & visa/working permit/employment pass
  • For Self-employed Applicants -Please include the business registration form/ Form 24 & 29 with any of the above

Compulsory Property Documents

  • Copy of Sales & Purchase/Booking Receipt or Letter of Offer from Developer
  • Copy of Individual Title Deed
  • Property Valuation Report (for completed properties)

Compulsory Income Evidences

  • For salary earners/gainfully employed – Latest 3 consecutive months salary slips/vouchers, latest 6 consecutive months of commission statement, latest EPF statement, latest EA form, latest 6 months bank statement, and letter of confirmation of employment and remuneration.
  • For self employed (including Sole-Proprietorship, Partnership, Commission earners) – Latest certified/audited financial statements, latest statement of commission Issued by company, latest EPF statements, latest B/BE Form/e-Filing, latest tax payment receipt, latest 6 months bank statements.

Fees and Charges

  • Non-Zero Entry Cost
    The customer pays the legal fees, valuation fees and stamp duties
  • No trading or brokerage fee
    Customer will not be charged brokerage/ trading fee for the Commodity trading