Maybank HomeEquity-i

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Maybank HomeEquity-i is a Shariah-compliant home financing based on the concept of Musyarakah Mutanaqisah. Whether home acquisition, home construction, refinance or home equity, Maybank HomeEquity-i is ideal for your home financing needs.

Financing Margin

• Up to 100% with Mortgage Reducing Term Takaful (MRTT) & Home Building Takaful (HBT)

• Up to 90% without Mortgage Reducing Term Takaful (MRTT) & Home Building Takaful (HBT)
Financing Tenure:

• Up to 30 years or age of 60, whichever is earlier OR

• Up to 35 years or age of 70, whichever is earlier (Professionals and Graduates).

Features & Benefits

• Based on the principle of Musharakah Mutanaqisah (diminishing partnership via leasing)

• No compounding of profit and other charges

• No early settlement charge/ lock-in period penalty

• 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

• 20% reduction on stamp duty for new financing & waiver of conversion from Conventional facility

• Convenient payment options of your instalment via Maybank and Maybank Islamic branches, ATMs, Kawanku Phone Banking, and online via Maybank2u.com

• Minimal documentation compared to other home financing plans

* Terms & Conditions Apply

Eligibility

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

Scope

• Financing purchase of completed residential properties

• 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

Fees & Charges

Non-Zero Entry Cost: The customer pays the legal fees, valuation fees and stamp duties**

**20% stamp duty reduction for Principal Document based on Shariah principles or waiver of stamp duty for the conversion of conventional loan to Shariah financing

NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

For further information, please contact the Maybank Customer Care at 1 300 88 6688 (Local) / +603 7844 3696 (Overseas) or visit the nearest Maybank branch.

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