Maybank Islamic Logo

Maybank Islamic Commodity Murabahah Home Financing-i

  • icon Interest Rate
    Profit Rate
  • icon New Base Rate
    New Base Rate
    1.75 %
  • icon Loan Type
    Loan Type
    Flexi Loan
  • icon Lock in Period
    Lock in Period
    None

icon New Base Rate Home Financing Calculator

RM
year(s)
Profit Rate
You Pay
RM /mth

What's so great about Maybank Islamic Commodity Murabahah Home Financing-i?

  • Full suite of Shariah-compliant packages

  • No early settlement charges/ lock-in period penalty

  • Easy excess withdrawal

icon Fee & 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

icon Eligibility

Loan Tenure: Up to 35 Years
Margin of Finance: 100% Financing
Suitable for: Completed homes, under-construction properties, refinance

Review by iMoney

  • Maybank Islamic offers a variety of comprehensive Shariah-compliant Islamic home financing packages with fixed or variable rate options- change, as well as with or without a lock-in period.Among the best packages are Commodity Murabahah Home Financing-i and MaxiHome-i which have no lock-in period and early settlement penalty.Commodity Murabahah Home Financing-i package offers Islamic home loans with rates fluctuate with a ceiling rate to protect customers from changes in BFR (Base Financing Rate) .Other Maybank Islamic products have a lock-in period of 3 years with an early settlement fee or penalty of 2% if you want to sell or refinancing within this period Maybank Islamic also offers a discount on stamp duty for Islamic loan packages like most Islamic concept banks.A 20% discount is given to tnuk new loans while full stamp duty exemption is given for refinanced conventional loans. The financing margin offered by Maybank Islamic can reach up to 100% (with Takaful premium) depending on the type of loan package.
  • Maybank Islamic offers four Shariah-compliant home loan packages. The main features of the Commodity Murabahah Home Financing-i, HomeEquity-i, Home Financing-i and MaxiHome-i packages are summarized below.
    Produck Key Features Is this the Flexi Package?
    Commodity Murabahah Home Financing-i
    • Islamic home financing packages with variable rates < /li>
    • 20% discount on stamp duty for new accounts
    • Financing margin up to 100% (with Takaful premium)
    Yes, Semi-Flexi
    HomeEquity-i
      < li> 20% discount on stamp duty for new accounts
    • Financing eligibility up to 70% of salary value
    • For completed properties and purchase of land for house construction
    • < /ul>
    Yes, Semi-Flexi
    Home Financing-i
    • Islamic home financing package with fixed or staged rate option
    • Financing eligibility up to 70% of salary value
    • No settlement charge early or lock-in period penalty
    Yes, Semi-Flexi
    MaxiHome-i
    • Islamic home financing package with options Zero Entry Cost
    • Rebates are given for early settlement
    • Reduction of interest payments and shortening of loan tenure through over -depositing
    Yes, Semi-Flexi
  • The Flexi home loan package allows borrowers to repay in excess each month in order to lower their monthly interest charges. This package comes with conditions and fees that need to be considered apart from its own benefits.
    Commodity Murabahah Home Financing-i HomeEquity-i Home Financing-i MaxiHome-i
    Flexi Type Semi-Flexi Semi-Flexi Semi-Flexi Semi-Flexi
    Is a connected Bank Account required? No No No No
    Account Maintenance Fee None None None None
    Fees Production RM25 RM25 RM25 RM25
  • 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.
  • If you have applied for a Maybank Islamic Home Loan, you will be required to provide some supporting documents for the processing of your application by the bank. The documents are as follows: * 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
  • You can use the Maybank Islamic home loan calculator to calculate your monthly repayment amount, based on the value of the dream property and the loan amount. When you are ready to apply, you can do a free inquiry through iMoney and we will contact you. Applying for a home loan through iMoney is free. If you are not sure whether a home loan from Maybank Islamic is the best option for you, click here to compare other home loans in Malaysia.
  • Maybank has the largest branch network in Malaysia, so repayment is easy. Other payment methods are also available. Online Transfer: Transfer money from your Maybank Islamic Savings or Current Account to make payments online. MEPS: Pay off your loan through MEPS ATM machines (over 5,000 locations) nationwide. Interbank GIRO: Repay your loan via Interbank GIRO money transfer at a registered bank branch or through online banking. Standing Instruction Facility: Automatic deduction from your bank account every month. Maybank Islamic ATM Machine: Transfer money from your Maybank Islamic Savings or Current Account to make payment at all Maybank Islamic branches. Express Payment Machine: Make a cash deposit or check at a Maybank Islamic branch. Payment by Post: Post to Maybank Islamic your check and statement in a sealed envelope. Phone Banking: Provide instructions for deduction from your bank account to pay off the home loan via T-PIN.