Applying for a new property can be a real hassle but Maybank is looking to change that. For the first time ever, Maybank is making homeownership simpler with Maybank Home2u on its MAE app. This marks Malaysia’s first-ever digital home financing solution within an integrated banking app, which is capable of providing approval 10 seconds within an application completion.
Maybank Home2u is available to both existing and new customers, whereby first-time home buyers and property investors can have a convenient digital experience from application to approval and signing of Letter of Offer (LO) - without having to visit a branch. Customers with salaries credited into Maybank can easily apply for home financing up to RM1 million without submitting income documents.
Eligibility check
Loan application
Since this is done within the app, the approval can be done within 10 seconds digitally. 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.
Do note that this is applicable to homes they are applying for is from the list of residential properties within the app. So with this in mind, customers have the option of choosing 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.
Browsing property
Chatting with mortgage advisor
Even if the property is not listed within, new or existing customers can still apply via Maybank Home2u to kick off their home financing process. Maybank Home2u's mortgage advisor chatrooms are available 24/7 and will attend to the customer within 10 minutes of initial contact during banking hours, and as soon as possible during non-banking hours.
Currently, customers have the option of applying for Conventional or Islamic home financing under Maybank Home2u - Maybank MaxiHome and My First Home Scheme (for Conventional), and Commodity Murabahah Home-Financing-i and My First Home Scheme-i (for Islamic).
To access Maybank Home2u via the MAE app, customers will need to update to the latest version of the MAE app on the Apple App Store or Google Play Store and then find it in the "More" section. For more information on Maybank Home2u, customers can visit the official web portal right here. Stay tuned for more trending tech news at TechNave.com.
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