Maybank Islamic Commodity Murabahah Home Financing-i

Maybank Islamic Commodity Murabahah Home Financing-i

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Key Features

  • Full suite of Shariah-compliant packages
  • No early settlement charges/ lock-in period penalty
  • Easy excess withdrawal

Other Features

  • Profit Rate: 3.25% p.a.
  • New Base Rate: 1.75 %
  • Loan Type: Flexi Loan
  • Lock in Period: None

Eligibility

  • Loan Tenure: Up to 35 Years
  • Margin of Finance: 100% Financing
  • Suitable for: Completed homes, under-construction properties, refinance
  • All individuals, co -applicants, residents and foreigners can apply for a Maybank Islamic housing loan. However, for foreigners, the conditions are different for permanent residents.

Documents

  • Application Form
  • Identity Card
  • Copy of Sales and Purchase or Booking Receipt or Letter of Offer from the developer
  • Copy of Individual Title Deed
  • Property Valuation Report (for completed properties)
  • Latest salary slip / voucher (3 consecutive months)
  • Latest Commission Statement (6 consecutive months)
  • Latest EPF Statement (3 consecutive months)
  • Latest EA Form
  • Latest Bank Statement (6 consecutive months)
  • Employment and Remuneration Confirmation Letter

Fees and Charges

  • Legal Fees and disbursment for SPA: Legal fee as per Solicitor’s Remuneration (Amendment) Order (SRAO) 2017 & disbursement
  • Stamp Duty for SPA: RM10/copy (4 copies to be stamped)
  • Deed of Mutual Covenant: RM10/copy (4 copies to be stamped)
  • Security Deposit: 3 months of refundable security deposit
  • Legal fees and disbursment for Home Financing Agreement: Legal fee as per Solicitor’s Remuneration (Amendment) Order (SRAO) 2017 & disbursement
  • Stamp Duty for Home Financing Agreement: As per First Schedule of item 22(1)(b) of Stamp Act for the original copy and nominal stamp duty of RM10 for each duplicate copy
  • Legal fees and disbursment for Deed of Trust: RM300
  • Stamp duty for Deed of Trust: RM10/copy (4 copies to be stamped)
  • Legal fees for Power of Attorney (PA): RM300
  • Stamp Duty for Power of Attorney: RM10/copy (4 copies to be stamped)
  • Registration fee for Power of Attorney: Registration fee for PA at High Court and Land Office (according to respective states’ requirement)
  • Legal fees for Purchase Undertaking: RM150
  • Stamp Duty for Purchase Undertaking: RM10/copy (4 copies to be stamped)
  • Notice of Settlement: RM50

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