Are you looking to purchase a new house?
Wondering about your loan eligibility amount?
Concerned about the tedious process of applying for a home loan?
No worry. This new service from Maybank may come to your rescue. It's definitely a piece of good news to lazy people (like me 😁)
To help make home ownership even simpler, Maybank recently launched Maybank Home2u, on its MAE app – Malaysia’s first-ever digital home financing solution within an integrated banking app, which is capable of providing approval 10 seconds within the completion of an application.
Backed by Maybank’s proprietary automated decisioning engine, the solution offers prospective home owners, including first-time home buyers and property investors, a fully digital experience from application to approval and signing of Letter of Offer (LO) - without having to visit a branch.
Do I need to submit any documents?
Maybank Home2u is available to both existing and new customers. Customers with salary credited into Maybank can easily apply for home financing up to RM1 million without submitting income documents and have the flexibility to package their home financing insurance via Maybank Home2u, and receive an approval within 10 seconds, if the home they are applying for is from the list of residential properties within the app.
Just fill in your application and submit via the MAE app, no queues or paperwork needed!
Once approved, the Bank’s mortgage advisors will contact successful applicants to review the LO and perform the required ‘Know-Your-Customer’ verification, as well as complete the electronic signing of the LO on the spot.
To receive instant approval, customers have the option of choosing their dream homes from a comprehensive list of landed and high-rise residential properties, with a total Gross Development Value (GDV) of RM1 billion, by established developers such as EcoWorld, IJM Land, Sime Darby Property and S P Setia, straight from the app.
To receive instant approval, customers have the option of choosing their dream homes from a comprehensive list of landed and high-rise residential properties, with a total Gross Development Value (GDV) of RM1 billion, by established developers such as EcoWorld, IJM Land, Sime Darby Property and S P Setia, straight from the app.
"Maybank Home2u is expected to appeal to the younger generation and first-time home buyers particularly."
"To give them a boost, we are offering up to 105% financing margin for first-time home buyers, making it easier to own a home without having to pay a steep deposit out-of-pocket."
But, my salary is not with Maybank wor!
Fret not if your salary is not being credited to a Maybank account, a mortgage advisor will automatically be assigned to assist you to complete your application. After that, you can see real-time updates on your approval through the status tracker on the app.
How about other properties?
New or existing customers who are interested to apply for home financing on a property that is not listed within the app can also apply via Maybank Home2u to kick off their home financing process. A mortgage advisor will be automatically assigned to assist them in completing their applications.
Currently, under Maybank Home2u, customers have the option of applying for:
- Conventional home financing:
~ Maybank MaxiHome
~ My First Home Scheme - Islamic home financing:
~ Commodity Murabahah Home-Financing-i
~ My First Home Scheme-i (for Islamic)
Not an MAE user yet?
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