Buy your first home with meaningful financial assistance from your parents. For the first time ever, you can get an extra boost with Home 2gether Financing, a product designed for both parents & child*, to ease one of the most important milestones of your life. Property ownership just got easier for young working adults!
Home 2gether Financing
Home ownership financing made for young working adults.
Who is Maybank Home 2gether for?
Maybank Home 2gether is here to make home ownership easier for graduates from an institute of higher learning who are young working adults and their parents.
Why should you choose Home 2gether?
With Maybank Home 2gether, child* and parents can partner together to access much-needed financing on their dream home, so the child* can benefit from some financial assistance from parents in the initial period of the financing.
This helps parents to provide a meaningful head start for their child* by providing financial support for the first 5 years, after which the child* can continue to solely service their financing independently.
How does Maybank Home 2gether work?
There will be 2 financing agreements to be signed each by the child* & parent(s) respectively. Both the child* and parent(s) will be Joint Borrowers for the first 5 years, after which the Parent(s) are legally released from the financing obligation once their financing portion is fully paid off & settled 5 years later.
Financing Tenure |
Child’s* Loan/Financing Portion |
Parent(s)' Loan/Financing Portion |
---|---|---|
First 5 Years |
Monthly repayments |
Monthly repayments |
6th Years Onwards |
Monthly repayments continue till end of tenure |
Zero repayments (financing settled) |
Financing Features
Eligibility |
|
Main features |
|
Margin of financing |
^5% for capitalization of MRTA/T, CLTA/T & other related expenses. |
Financing tenure |
|
Effective interest/Profit Rate |
NOTE: The Bank’s SBR may be varied from time to time with notice pursuant to changes in BNM’s Overnight Policy Rate (OPR). |
How to apply?
Take up Maybank Home 2gether Financing for your purchase of a completed or under construction residential property.
Are you eligible?
- Malaysian citizens with minimum age of 21 and above
- Child* applicant must be aged 21 - 31 years old
- Child* applicant must be a graduate from an institute of higher learning and gainfully employed.
- Parent(s) must have monthly recurring income.
What types of properties are eligible for Maybank Home 2gether Financing?
Under construction and completed residential properties nationwide.
Interested?
Follow the steps below to apply:
STEP 1: Visit a Maybank branch near you
STEP 2: Bring along the following when you visit our branch:
- Property Financing Application Form
- Identification Documents:
- NRIC/Identity Card
- Business Registration Form 24 & 49 (if applicable)
- Property Documents:
- Copy of Sales & Purchase Agreement, Booking Fee Receipt and Letter of Offer from Developer
- Property Valuation Report is required for completed property with Certificate of Completion and Compliance (CCC) (contact branch personnel on how to obtain).
Proof of Income:
Gainfully employed individuals (salary earners) | |
---|---|
Mandatory Document |
Validating Document |
|
|
Self-employed individuals | |
---|---|
Mandatory Document |
Validating Document |
AND
OR
|
Any one (1) of the following:
For commission earner, Any one (1) of the following:
|
More information
Click here to download the Home 2gether Application form
Click here to view the Terms & Conditions
Click to see Mortgage Product Disclosure Sheet (Eng | BM)
*whose age is 21 - 31 years old
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