Maybank Islamic Housing Loan Moratorium
The moratorium has ended on 30 september 2020 all loan financing repayment has resumed effective 1 october 2020.
Maybank islamic housing loan moratorium. We understand that some of you may still be facing financial challenges as a result of unforeseen events such as loss of employment or income and we are committed to assist you with repayment assistance. It noted that its fixed rate hire purchase loans already do not have compounding interest while eligible products under the moratorium include personal mortgage asb education and sme loans. Best viewed on the latest versions of chrome firefox edge safari. Kuala lumpur march 27 maybank announced it will not compound interest for all individual small medium enterprises smes and non retail corporate customers loan facilities eligible for the six month moratorium announced by bank negara malaysia earlier this week.
Contact us to enjoy interest savings. As for islamic financing facilities under maybank profit rates are already not compounded in accordance with shariah principles. Maybank islamic offers a comprehensive variety of shariah compliant islamic home financing packages with fixed variable rates to choose from with and without lock in periods. In a statement today the bank said it is offering a repayment assistance package to help those facing loss of employment or reduction in income due to the covid 19 pandemic.
Kuala lumpur sept 17 malayan banking bhd maybank will be organising nationwide roadshows during the next two weekends until the moratorium ends on september 30. How to apply for maybank covid 19 loan moratorium assistance to make it easy here are the three channels available for maybank customers to choose from. One of it is the maybank home loan calculator. For these types of loans all retail and sme customers do not need to apply as they automatically qualify under bnm s ruling.
Maybank also has come out with various tools to ease their customers. Unlock the value of your private property. They will not be charged compound interest during the moratorium period. Maybank has introduced a financial relief scheme moratorium i e.
Is a maybank islamic home loan right for me. Up to 75 financing. A rescheduling of their loan to extend the tenure or a restructuring of their loan to one that is more in line with their payment capabilities. Receive cash rebate when you refinance your existing home loan to us.
Maybank mortgage loan. Maybank hire purchase loan financing. Competitive housing loan interest rate packages.