It is an agreement, in principle, by the bank to offer you a home loan/financing, subject to confirmation of your personal details and credit status.
Online pre-approval saves time instead of going to the bank. You can apply for a loan/financing any time of the day. You can use this channel to find out how much you are eligible to borrow/obtain financing or if you can afford a particular property you are interested in purchasing, besides checking the status of your loan/financing from the time you apply until the loan/financing is disbursed.
You may not qualify for a loan/financing if the amount requested exceeds the limit which you are eligible for. In such an instance, you will be given a choice of amending the loan/financing amount and/or repayment period, or cancelling your loan/financing application.
You may use the 'Pre-approved Home Loan/Financing Enquiry' function any time after you have submitted your online application.
You will be contacted within 3 working days. Otherwise, you should call our Customer Care hotline at 1-300-88-6688.
The bank will take about 3 months to disburse funds for a home loan/financing.
You can get pre-approval online if the property under construction is end-financed by Maybank. However, this is not required if the house has been completed or if you are re-financing your property.
The loan/financing approval process takes about a week.
Yes, you can. An online pre-approved loan/financing application means that you can apply for a loan/financing wherever you are.