Features & Benefits

• Based on the principle of Bai' Bithaman Ajil (deferred payment sale)
• Choice of affordable fixed, tiered or variable profit rate
• No compounding of profit and other charges
• No early settlement charge/lock-in period penalty
• Protection of ceiling rate upon the fluctuation of Base Financing Rate (BFR) throughout tenure
• 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
• Third party financing is allowed
• Granting of rebate for early settlement
• Convenient payment options of your instalment via Maybank and Maybank Islamic branches, ATMs, Kawanku Phone Banking, and online via Maybank2u.com

*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 properties, whether completed or under construction units; 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

Variable rate financing

Under VRF, the selling price is fixed upfront based on a selling price rate while the effective rate levied on the account can be varied based on changes in the base funding rate (BFR), provided it does not exceed the fixed selling price rate.

If the BFR moves up to the extent that the effective rate exceeds the fixed selling price rate, the system will only compute profit based on the selling price.

Required documents

Please bring along the following documents 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