Maybank offers a wide range of home loans for various customer needs. The bank gives you the option to choose either a fixed rate package or a floating rate package. You can enjoy savings through interest rates and reduce your instalment amount every month. Maybank HDB Home Loan can used to buy a new Built-To-Order (BTO) flat or an HDB flat. The home loan rates are pegged to the Fixed Deposit Mortgage Rate 36 (FDMR36) or the home loan board rates called Singapore Residential Financing Rate (SRFR).
|Type of fee||Fees and charges|
|Protecting the title deed for repaid loans||S$500 p.a. for each deed|
|Fee for changing the redemption date||S$200|
|Impromptu request for housing loan redemption record||S$100 for each request|
For purchase of property:
For bridging loan:
You can apply through the bank’s website in the following manner:
Q. Can I use the HDB home loan for DBSS flats?
A. Yes, you can use this home loan for flats under Design, Build, and Sell Schemes (DBSS) with a lease of over 30 years.
Q. What is the loan amount offered for refinancing my home loan?
A. You can borrow up to your complete outstanding home loan amount when refinancing with Maybank.
Q. What can I do if I do not receive the sale proceeds in time to pay for my new HDB flat purchase?
A. If you do not receive your sale proceeds, you can take a bridging loan that can pay for your new flat purchase.
Q. How can I pay for the bridging loan?
A. You can repay this loan once you receive the sale proceeds from selling your existing property. Until then, you need to pay only the interest amount charged per month.
Q. Is fire insurance mandatory to apply for Maybank home loans?
A. Yes, fire insurance is required by the bank to protect your property against risks arising from fire hazards.