Home+Reno Financing

Looking to renovate your home, extend a kitchen, or turn your home into an environmentally friendly one with solar panels?

Whatever your wishlist, Home+Reno Financing is here to make your dream home one step closer, with up to 120% of your property value available for financing. 

Margin of Advance

• Up to 90% + 5%^ of property price/open market value (whichever is lower) to finance the property purchase.
• Up to 30% additional margin of advance or up to a combined total of 120% of property price/open market value (whichever is lower) or maximum of RM500,000 to finance the renovation expenses.

Financing Tenure

• Up to 35 years/age 70 whichever is earlier.

This is a Conventional Home Financing facility that caters to Purchasers of landed houses, where:

• the Home Financing portion will be disbursed to finance the purchase of the property;
• on full disbursement of the Home Financing portion, the Renovation Financing portion will be disbursed progressively over the next 12 months.

The total Financing amount is up to 120% of the property’s price or latest open market value, whichever is lower, of which:

• Up to 90% + 5%^ of property price/open market value (whichever is lower) to finance the property purchase ^5% for capitalisation of Mortgage Reducing Term Assurance or Credit Level Term Assurance and other related expenses.
• Additional 30% or up to 120% financing, or maximum of RM500,000, is for the purpose of financing renovation expenses

Example 1:

Example 2:

Example 3:

• Malaysian citizens aged 18 and above
• 1st or 2nd home dinancing application by the applicant
• Only 1 Home+Reno Financing per customer;
• Minimum property value of RM300,000 in Federal Territory, Selangor, Johor Bahru & Penang Island; and RM150,000 in other states/areas in Malaysia.
• Must be a landed property from the sub-sale market (not bought from a Developer)

The Home+Reno financing will cover structural and repair works to the property, including: -

✓ Repairs to the property;

✓ Structural changes including additions to building; and

✓ Tiling, roofing, wirings, plumbing and flooring.

The Home+Reno financing excludes the following:

✓ fittings, furnishings and removable items.

Contact Us

Follow the steps below to apply:

STEP 1: Visit a Maybank branch near you

MAKE A BRANCH APPOINTMENT

STEP 2: Bring along the following when you visit our branch:

1. Mortgage Financing Application Form

DOWNLOAD THE FORM

2. Identification Documents:
3. NRIC/Identity Card
4. Business Registration Form 24 & 49 (if applicable)
5. Property Documents:
6. Copy of Sale & Purchase Agreement
7. Property Valuation Report is required for completed property, along with Certificate of Completion and Compliance (CCC). You may inquire in-branch on the process to obtain these.

Proof of Income:

Click here to download the Home+Reno Financing form

Click here to view the Terms & Conditions

Click to see Mortgage Product Disclosure Sheet (Eng | BM)

Click here to read on Insurance / Takaful Product Disclosure Sheet