Just like anyone and everyone around, getting the right loan could make a huge difference in your life. It is always a bonus if you know exactly what type of housing loan you are applying for and also learning how your loan could actually benefit you in time to come. You wouldn’t want to be someone who worries over forking out money over a housing loan which might not be as rewarding as what you would have imagined it to be.
With all that has been said, let’s take a look at the home loans offered by Maybank. There are a few options of housing loans which Maybank actually provides for their customers. One of their housing loan plan is called the Maxi Home loan. The Maxi Home loan is a flexible home loan plan which is tailored to suit a customer’s need. To qualify, customers must have a loan eligibility of up to 40% of their current salary and also a loan margin of up to 95%. Loan tenure provided will cover up to 35 years or 70 years of age whichever is earlier. However, if you are looking for a remortgage on your property, refinancing it will be for a period of 10 years only.
Benefits of a Maxi Home Loan:
- Takes into account of the present and future needs thus offering flexible repayment options to customers.
- Normal loans are based on the norm of 1/3 of your salary but a Maxi Loan gives you a privilege going of up to 40% of the your salary
- Offers repayment period of up to 35 years or until the age of 70
- The loan margin is as high as up to 95% of the value of the house
- MRTA coverage included, which settles any outstanding mortgages and also transfers the title deed to your family in an event such as death or total and permanent disability
- Monthly instalments are made flexible to suit your financial situation
- Ease of payments for instalment via ATMs, Kawanku Phone Banking, Maybank branches and also online via Maybank2u.com
- BLR from as low as – 1.60%
- Non-Residents and Residence can apply for the Maxi Home Loan
All individuals, joint applicants, residents and non-residents can apply for the Maxi Home.
Maxi Home Plus
Another favourite loan which investors are familiar of would be The Maxi Home Plus. This enables customers to purchase properties which are under construction for a zero repayment. There will be progressive interest which be capitalised into the loan amount but even then, customers need not pay anything at all during the construction period.
Maxi Flexibility
Customers get to enjoy the flexible choice to choose from a term loan, an overdraft or a combination of both even. The Maxi Loan is only applicable for houses that cost more than RM75,000. By providing customers with an option to combine both the term loan and the overdraft, it shows just how flexible this loan has been tailored to meet the personal needs of customers enabling them to spend in other areas of their lives such as their children’s education and also for their home improvements.