Maybank

Maybank MaxiHome-i

A semi-flexi variable rate shariah compliant home loan based on Bai’ Bithaman Ajil concept (deferred payment sale)

    • Up to 35 years
    • Semi-Flexi Islamic financing
    • Fixed/Floating Profit Rate
    • Up to 95% margin of finance
    • 30 days approval
  • You BorrowEstimated Profit Rate
    more than RM1000004.25% p.a.

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

Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Withdrawal Fee
RM5.30 for each withdrawal
Processing Fee
RM212.00
Early Settlement Fee
0% No lock-in period
Redemption Letter Fee
RM53.00 per request
Letter for EPF Withdrawal Fee
RM10.60 per request
Insurance Types
  • Fire Insurance
  • MRTT

*inclusive of 6% GST

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

Frequently Asked Questions about Maybank MaxiHome-i

Things you might want to know

What is MaxiHome-i home loan?

Maybank MaxiHome-i is a Syariah compliant home financing plan based on the concept of Bai' Bithaman Ajil ( BBA), a deferred payment sale concept. You can choose fixed, tied or variable profit rates, it's up to you. The variable rate is protected by a cap, so if the IBR goes above a certain amount you won't be affected.

You can use MaxiHome-i to mortgage any residential property, whether completed or under-construction. It may also be used for  or refinancing, remortgaging, additional financing, and restructuring.

There's no lock-in period for MaxiHome-i, so there's no early payment penalty. If you are fortunate enough to be in a position to settle your loan early Maybank will even grant you a rebate (Ibra') on the interest amount calculated from the beginning of the loan tenure.

Maybank will offer a lower interest rate if you decide to bundle moving expenses, such as MRTT premium, legal fees, and evaluation fees into your loan principal. This is ideal for folks struggling to meet the extra costs associated with moving into a new house.

What are the fees and charges I have to pay?

The bank charges a one time processing fee of RM50 to RM200, the exact amount is determined by the size of your financing. As always, you'll need  to pay valuation fees, stamp duty, legal and disbursement fees, including solicitors fees for financing documentation, registration of charge, land search and bankruptcy search.

Do I need insurance?

Homebuilding Takaful (Fire Insurance) is compulsory. The insurance protects the content of your home in-case of fire. Maybank will encourage you to buy MRTT - insurance cover for your loan repayment - which might provide you peace of mind and free your family from additional worry should something happen to you. You can even include MRTT into part of your loan and enjoy a lower interest rate in return!

Can a foreigner apply?

Yes, however your financing must be greater than RM500000.

Can a non-Muslim apply this loan?

Yes of course, Islamic loans are open to everyone.

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

Complete the Application Form
Include a copy of SPA / Booking receipts / Letter of Offer from Developer

Salaried applicant:

Copy of MyKad (front and back) or latest valid passport
Last 3 consecutive months salary slips or 6 consecutive months commission statemen
t
Latest EPF statements with 3 consecutive months or more transaction history

2 years EA From with tax receipt duly acknowledged by LHDN
Last 6 months Bank Statement
Letter of Confirmation of Employment and Remuneration from your employer

Self-employed applicant:

Copy of MyKad (front and back) or latest valid passport
Business Registration Certificate – Form 24 and Form 49
Last 6 months bank statements
Audited financial statement of business
2 years BE form with tax receipt duly acknowledged by LHDN

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