• Maybank Home Loan

    Home Loan BYTES FROM OUR KITCHEN

    Maybank Home Loan

    Purchasing a home is a lifetime achievement but almost everybody needs a helping hand to make this dream come true! Maybank enables you to buy a house by providing you with attractive home loans with benefits and interest rates that will make you more comfortable in your new home. Maybank Home Loans are sanctioned for purchasing private property, HDB flat and overseas property in Malaysia and London. Choose a home loan suited to you whether it’s refinancing or purchasing a new home.


    You’re probably eligible for an Maybank Home Loan if you are

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    Maybank Home Loan Minimum Age

    Atleast 21 years

     Maybank Home Loan Maximum Age

    Above 21 years

    Maybank Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Maybank Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Maybank Home Loan amount eligibility is based on these factors

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    Maybank Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Maybank Home Loan Maximum Loan to property value

    No Info

    Maybank Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Maybank Home Loan amount by these steps

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    Maybank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Maybank Home Loan Maximum Tenure

    Choose longer tenure

    Maybank Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Maybank Home Loan

    • 1. Copy of NRIC/Passport of all Applicants & Owners
    • 2. Latest Computerised Payslip (salaried)
    • 3. CPF Statement – Latest 12 Months Contribution History (salaried)
    • 4. 2 Years Income Tax Assessment (self-employed)
    • 5. Option to Purchase or Sale & Purchase Agreement (for new purchase)
    • 6. Tenancy Agreements (if any)
    • 7. Evidence of sale of existing property (if applicable)

    Maybank Home Loan DetailsUpdated on 27 Apr 2017

    Maybank Home Loan Details
    Interest Rate 3.88%
    Margin of Finance Upto 80%

    About Maybank

    Maybank started operations in Singapore in 1960 to help meet the banking and financial needs of individuals and corporations. Over the past 55 years, they expanded their reach to 27 service locations, setting up 22 branches and 35 ATMs strategically to cater to both the business districts and suburban areas. Committed to providing seamless banking, Maybank offers a range of value-added financial services and has pulled in the latest technology to enable customers to have full banking access around the clock and around the globe.

    Why choose Maybank Housing Loan?

    Purchasing a home is a lifetime achievement but almost everybody needs a helping hand to make this dream come true! Maybank enables you to buy a house by providing you with attractive home loans with benefits and interest rates that will make you more comfortable in your new home. Maybank Home Loans are sanctioned for purchasing private property, HDB flat and overseas property in Malaysia and London. Choose a home loan suited to you whether it’s refinancing or purchasing a new home.

    Maybank has been committed to serving customers with their core values or TIGER values as they call it. They are built on Teamwork, Integrity, Growth, Excellence and Efficiency, and Relationship Building. A home loan from Maybank is not just a contractual agreement. It is a mutually beneficial relationship built to last based on ethics, honesty, professionalism, respect and dignity. Maybank is committed to delivering outstanding service and constantly improve and innovate.

    Features and benefits of Maybank Home Loan

    • Choice between fixed rates and floating rate packages.
    • Floating rates come with full transparency of 3M SIBOR rates.
    • You can use the loan for new purchase financing, refinancing or property equity financing.
    • Avail a maximum loan amount of 80% of the net purchase price or market valuation, whichever is lower.
    • Maybank mandates fire insurance on your property to ensure it is safe from fire hazards.

    Maybank Home Loan Interest Rates

    Maybank Home Loan Interest Rates

    Prime Lending Rate

    5.2500% per annum

    Home Loan Board Rate

    Singapore Residential Financing Rate (SRFR)

    4.00% per annum

    Renovation Loan Rates

     

    Monthly Rates

    Flat Rate

    Loan amount less than SGD 15,000

    5.98% p.a. (Renovation Loan Board Rate - 2.52%)

    3.68% p.a.

    Loan amount of SGD 15,000 or more

    5.38% p.a. (Renovation Loan Board Rate - 3.12%)

    2.98% p.a.

    Home Loan Bundle

    3.88% p.a. (Renovation Loan Board Rate - 4.62%)

    NA

    Flat Rate [Payable in Advance]

    Effective Interest Rate

    Tenure

    1 year

    2 years

    3 years

    4 years

    5 years

    3.68% p.a.

    10.21% p.a.

    8.62% p.a.

    8.06% p.a.

    7.75% p.a.

    7.54% p.a.

    2.98% p.a.

    8.70% p.a.

    7.20% p.a.

    6.69% p.a.

    6.42% p.a.

    6.24% p.a.

    2.88% p.a.

    7.92% p.a.

    6.73% p.a.

    6.32% p.a.

    6.09% p.a.

    5.94% p.a.

    Home Loan Bundle is available only for existing home loan customers. Terms and Conditions may apply.

    The Renovation Loan Board Rate (RBR) is currently at 8.50% p.a.

    Effective Interest Rates range from 5.94% - 10.21% for a Flat Rate loan.

    The effective interest rate includes a processing fee of 1%.

    The interest is payable in advance for a flat rate loan.

    • Interest rates are dependent on your choice of fixed rates or floating rates.
    • Both rates are pegged to a single board rate known as Singapore Residential Financing Rate (SRFR) to ensure complete consistency in any change of interest rate in the future.
    • If the SRFR is revised, you will be notified 30 days prior to the change.
    • Interest rates are subject to change without prior notice.
    • To know current interest rates, please contact Maybank.
    • Non-Residential Mortgage Board Rate (NMBR) is 5.50 percent per annum.
    • The Singapore Residential Financing Rate (SRFR) or Home Loan Board Rate is 4.00 percent per annum.
    Singapore Residential Financing Rate (SRFR) 4.00 % per annum

    Maybank Home Loan Latest Promotions

    iLove My Home Lucky Draw

    As part of the SG50 celebrations, Maybank will be offering five iLove My Home Lucky draw winners, S$1,000 worth gifts each. The promo offer can be applied on home loan approvals done between June 1 2015 to 30 September 2015.

    • Singapore Citizens, Singapore Permanent Residents, and Foreigners can apply.
    • Minimum 21 years of age.

    The other financial products offered by Maybank Singapore are as follows.

    Maybank also provides a host of banking products and services for businesses and corporations. It also provides premier and private banking for the privileged.

    Maybank Home Loan - FAQS

    You can borrow up to the full outstanding loan amount with your existing bank. This is subject to the bank’s approval.
    Net purchase price is the price of the property after deducting any amount of discount, rebates or benefits gained from the vendor or other parties. This includes legal or stamp fees for the purchase.
    You can apply online for a Maybank Home Loan. Or you could fill out the Maybank Mortgage Loan Application Form and submit it to Maybank along with all the required documents.
    • For HDB (Housing and Development Board) properties, Maybank accepts all HDB flat including Build-to-Order schemes and apartments under DBSS (Design, Build and Sell Schemes) if more than 30 years remains on the lease.
    • For private properties, Maybank accepts all private residential properties, executive condominiums and privatized HUDCs with more than 30 years remaining lease.
    Yes, you can prepay the loan partially or fully by submitting a written notice three months prior to Maybank. This is subject to terms and conditions as the bank specifies from time to time. Written notice once given cannot be reversed or cancelled.
    You are required to open an account with Maybank and ensure it is adequately funded as the instalments will be deducted from this account on the date specified by the bank.

    News About Maybank Home Loan

    • Projected Growth in Home Sales Likely in 2016

      Singapore’s struggling housing sector looks set for a shot in the arm in 2016, with the strict regulations around the market likely to be eased.

      According to analysts from Maybank Kim Eng, the property market could experience a boost in sales with the implementation of cooling measure easing, something the island nation’s developers have long been petitioning for.

      The projected cooling measures could result in an almost 30% increase on existing home sales, with sales touching 800 units in the next year.

      This projected cooling measure easing looks set to push home sales up to almost 900 units by FY17E, according to data released by Maybank Kim Eng.

      08th December 2015

    • Half-Year Net Profit of Maybank Rises By 3.4 Percent

      The diversified businesses of Maybank, one of the largest banks in Southeast Asia, helped it to increase its profits by a decent margin even though the markets in this region are going through turbulent times. For the first 6 months of 2015, the net profit of the bank rose by 3.4 percent to S$1.1 billion (RM3.28 billion) with a rise of 108 percent in the net operating income of Maybank. The bank has experienced steady growth across all of its business segments including loans, which saw a decent growth of 11.1 percent on a year-on-year basis.

      Fund-based income for the bank in the 2nd quarter grew by 13 percent to RM3.54 billion, while there was no growth in net fee-based income as it remained the same at RM1.34 billion. The overseas operations of the bank also saw a healthy percentage of growth as the operating income generated from overseas banking grew by 9.5 percent to RM3.06 billion. In Singapore, the operating income of the bank rose by 0.7 percent to S$ $398.12 million during the first six months of this year, while fund-based income of Maybank Singapore rose by 13.2 percent. Overall, the bank has performed very well in all markets, include the Singaporean market.

      29th August 2015

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