Maybank

Maybank Commodity Murabahah Home Financing-i

Part-finance the purchase of your dream home via Murabahah - no lock-in period, no compounding profit and no penalty for early settlement!

    • Up to 35 years
    • Term Islamic financing
    • Fixed/Floating Profit Rate
    • Up to 100% margin of finance
    • 30 days approval
  • You BorrowEstimated Profit Rate
    more than RM100004.25% p.a.

    *Effective profit rate will be determined by Maybank upon approval.

Apply online now for Maybank Commodity Murabahah Home Financing-i

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Processing Fee
Depending on the financing amount applied
Early Settlement Fee
None
Redemption Letter Fee
RM53.00 per request
Letter for EPF Withdrawal Fee
RM10.60 per request
Insurance Types
  • MRTT
  • Fire Takaful
  • House Owner Takaful

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this Maybank home financing?

Minimum annual income
RM24000
Minimum age
21 years old
Maximum age
70 years old
Who can Apply
  • Any nationality
  • Salaried employee
  • Self-employed

Frequently Asked Questions about Maybank Commodity Murabahah Home Financing-i

Things you might want to know

What is Commodity Murabahah Home Financing-i?

Maybank Commodity Murabahah Home Financing-i is a variable-rate, Shariah compliant home financing plan based on the concept of Commodity Murabahah arrangement, i.e. a cost plus profit concept.

Technically, Maybank provides home financing to you via trading of Shariah compliant commodities, such as Crude Palm Oil and RBD Palm Olein. You will not be charged brokerage or trading fee for the commodity trading, the bank will manage all this for you.

Home Financing-i comes in three flavours: fixed rate, tiered rate or variable profit rate. You can choose which one best suits our finances. The variable rate is capped, so if the IBR moves to much in the market you won't be affected by severe interest changes.

Home Financing-i can be used to buy residential property that is completed or under construction, as long the value is greater than RM75,000. The plan may also be used for refinancing, remortgaging and restructuring. The minimum financing amount is RM10,000 - the lowest in the market!

You can bank-in extra funds to reduce the loan principal as well as withdrawing it during emergencies. It will cost you RM25 per withdrawal and this can only be done at home branch.

Do I need insurance?

Houseowner Takaful is compulsory and payable annually. You can also opt in to include MRTT into your financing margin, however, this is not compulsory.

Bear in mind that such insurance will settle your outstanding mortgage should anything terrible happen to you. The one-off premium is calculated on your age, financing amount, tenure and interest rate.

What kind of documents will I need to provide to apply for this loan?

Property Documents:

  • Copy of Sale & Purchase Agreement / Booking Receipt / Offer Letter from Developer
  • Copy of Individual Title Deed
  • Valuation Report (for completed property)

Salaried employee:

  • Copy of MyKad (front and back) or latest valid passport & Visa / Work Permit / Employment pass
  • Latest 3 month's salary slips or vouchers
  • Latest EPF statements with 3 consecutive months or more transaction history
  • Latest EA (Tax) Form
  • Latest 6 month's Bank Statement
  • Letter of Confirmation of Employment and Remuneration from your employer

Self-employed:

  • Business Registration Certificate – Form 24 and Form 49
  • Latest 3 month’s bank statements
  • Latest BE form with income tax receipt

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