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
• Higher financing eligibility of up to 70% of your gross income*
• Higher financing margin of up to 90% of the value of the property (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 shophouse financing plans

*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 completed properties; 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 loan to Islamic financing
• Restructuring your current mortgage to meet your current financial needs
  

Rates

Completed properties & properties under construction

Required documents

Please bring along the following 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**

**20% reduction of the stamp duty for new Islamic financing