Redraw Facility for Home Loan borrowers

A redraw facility lets you access extra funds from your home loan


As a Home Loan borrower you can tap into your loan’s Redraw Facility to give you access to extra funds.

How does it work?

Here is a scenario of an approved loan amount RM200,000 for a property purchased 10 years ago at the price of RM250,000. The current open market value (OMV) of the said property is at RM500,000.

This means that after 10 years of repayment your current outstanding balance is at RM100,000.

Open Market Value (2011)

Financing Amount (80%)

Outstanding Balance





You can apply for a “top up loan” via Redraw Facility because your property’s value had increased from RM250,000 to RM500,000. Based on 80% margin against the latest open market value, you can obtain additional loan of up to RM400,000. After offsetting the current loan outstanding of RM100,000 , the top-up portion you can access is up to RM300,000.

Open Market Value (2021)

80% of Current Open Market Value

Outstanding Balance

Redraw amount subject to customer’s repayment capability





*subject to the Bank’s assessment and approval


What can you do with the extra funds?

Anything you love, for example:


  • Existing Maybank customers with Mortgage Financing for more than 6 months with a good repayment track record.
  • New customers who would like to refinance with Maybank

How to apply?

  1. Submit your request online via Maybank2u

    Log in to Maybank2u to submit your request


  2. Visit Us

    Application is available via your Maybank Home Branch (for existing borrowers); or if you would like to refinance with Maybank, please visit a branch near you by making an appointment on EzyQ

    Make An Appointment Now

    To apply, please prepare the required documents below:

    Required Documents

    • Fully competed application form. Please download application form .
    • A copy of NRIC/Latest valid passport
    • Property Valuation report for completed property with Certificate of Completion & Compliance (CCC)


    Additional Documents

    Salary Earners/Gainfully Employed

    3 months’ salary slips with any one of the following (s):

    • Latest 3 months bank statements
    • Employer’s confirmation letter
    • EPF statement
    • EA form
    • BE form with tax receipt



    1. Latest 2 years of B Form/BE form or e-Filing receipt
    2. Latest 6 consecutive months of firm’s/company’s current account statement with any one of the following document(s):
      1. EPF statement
      2. Latest financial accounts

    Commissioner Owner

    Commission statement (latest 6 months) with any one of the following document(s):

    • EPF statement
    • Latest financial accounts
    • Bank statements

Terms and Conditions

  • Minimum property value must be RM75,000.
  • Existing Maybank home financing customers of at least 6 months.
  • The redraw amount depends on the current outstanding financing amount and the property’s current market value.
  • Other terms and conditions apply.

More info

Click here to see Mortgage Product Disclosure Sheet (Conventional)

Click here to see Mortgage Product Disclosure Sheet (Islamic)

Click here to find out Mortgage fees and charges.

Click here to protect the valuables in your home with Maxihome Contents.

Click here to download the Mortgage application form.

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