Maybank MaxiHome-i

A variable-rate, Shariah-compliant home financing based on the concept of Bai’ Bithaman Ajil (BBA)

Financing margin:
Up to 100% with Mortgage Takaful/Homebuilding Takaful

Financing tenure:
Up to 30 years or 60 years of age, whichever is earlier – Normal
Up to 40years on age 65, whichever is earlier – Proffesionals & graduates

Benefits

  • Based on the principle of Bai’ Bithaman Ajil (deferred payment sale)
  • No capitalisation of profit (compounding of monthly profits)
  • Competitive financing rates and margin of financing
  • Third party financing is allowed
  • Granting of rebate for early settlement
  • Easy payment of your instalment via Maybank branches, ATMs, Kawanku Phone Banking, and online via Maybank2u.com

Who can apply

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

Scope

  • Financing purchase of residential properties, whether completed units or units under construction
  • Refinancing/Remortgage/Additional financing
  • Construction of bungalows
  • Conversion from conventional to Islamic financing
  • Restructuring
  • Minimum property value of RM50,000 and a minimum loan amount of RM10,000

Basic Features

Financing Tenor
Normal – Up to 30 years or age 60 whichever is earlier
Professionals and graduates – Up to 40 years or age 65 whichever is earlier
Margin of Financing
Up to 90% without MT & HBT
Up to 100% with MT & HBT
Selling Price Rate Based on prevailing BFR +4.0% or 10.0%, whichever is higher

Required documents

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

  • For salary earners: Monthly salary statements (last 3 months) and Borang J (last 3 years)
  • For businessmen: Financial statements (last 3 years), Borang J (last 3 years), photocopies of last 6 months’ bank statements
  • A photocopy of title deed, Sale and Purchase Agreement
  • A copy of valuation report (where required). The valuers must be approved by the bank
  • Photocopy of applicant’s NRIC

Fees & charges

Non-Zero Entry Cost

The customer pays the legal fees, valuation fees and stamp duties

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One thought on “Maybank MaxiHome-i

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