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Maybank aims to disburse RM10b loans this year

PETALING JAYA (April 30): Malayan Banking Bhd (Maybank) aims to provide RM10 billion in loans under its MaxiHome Ezy scheme this year, Bernama reported.

The new mortgage scheme, which is designed for first-time homebuyers, allows greater flexibility and affordability with its lower monthly repayments for the first five years, said Maybank Islamic Bhd CEO Datuk Mohamed Rafique Merican.

“The scheme, which is available under both conventional and Islamic banking, allows customers to service only the interest/profit portion of their mortgage for the first five years, with full instalments commencing from the sixth year onwards,” he said after the launch of the scheme by the Ministry of Urban Wellbeing, Housing and Local Government’s deputy secretary-general for policy Dr Mary Wong Lai Lin, who was there on behalf of the minister Tan Sri Noh Omar, at the Malaysian Property Expo (Mapex) here.

Meanwhile, Mohamed Rafique said housing demand remains strong, with annual mortgage growth at 7.6% last year and housing loans expected to continue to increase this year.

Maybank to offer RM10b loans under new scheme

Kuala Lumpur: Malayan Banking Bhd (Maybank) expects to provide some RM10 billion in loans under its new MaxiHome Ezy scheme this year.

Maybank Islamic Bhd Chief Executive Officer Datuk Mohamed Rafique Merican said the new mortgage scheme was designed for first-time house buyers as it allowed greater flexibility and affordability with lower monthly repayments for the first five years.

"The scheme, which is available under both conventional and Islamic banking, allows customers to service only the interest/profit portion of their mortgage for the first five years, with full instalments commencing from the sixth year onwards," he said.

He told reporters this after the launch of the scheme by Urban Wellbeing, Housing and Local Government Ministry Deputy Secretary-General for Policy Dr Mary Wong Lai Lin, who represented the Minister, Tan Sri Noh Omar, at the Malaysia Property Expo (Mapex) here Friday.

Also present were Real Estate and Housing Developers'