Offering holistic home ownership financing solutions; including 95% + 5% financing for certified green homes to support Malaysians in their journey towards sustainable living.
Maybank recently launched its enhanced Green Home Financing offering customers a higher financing margin for certified green homes in Malaysia, easing the burden of high upfront payments. The 95% + 5% financing covers 95% of the home’s purchase price, plus an additional 5% to be used for credit insurance and takaful, legal fees, valuation, and stamp duty. To further promote eco-friendly living, preferential interest rates are available for certified green home purchases. The Bank also offers a comprehensive suite of Green Home Financing solutions to further support Malaysians in their journey towards sustainable living.
From L-R: Syed Ahmad Taufik Albar – Group CEO, Community Financial Services of Maybank, Dato’ Khairussaleh Ramli – Maybank President & Group CEO, Datuk Lily Lim – CEO RJ Group, and Abang Jamili bin Abang Julai – Regional Director, Maybank Sarawak.
To qualify for the Maybank Green Home Financing, properties must be certified green by recognised green building rating tools such as the Green Building Index (GBI) or GreenRE Leadership in Energy and Environmental Design (LEED).
Maybank builds its strong track record of nearly RM9 billion in cumulative sustainable home financing since 2021. For the first quarter of this year alone, Maybank provided sustainable home financing for approximately 2000 homes and with the introduction of the enhanced Green Home Financing, Maybank is expected to record a 10% increase in sustainable home financing by 2024.
For those looking to renovate their existing homes, Maybank Home+Reno Financing offers a financing margin of up to 120% to cover both property purchase and renovation costs for landed houses in the sub-sale market. Meanwhile, Maybank MyDeco Financing provides up to 120% financing for energy-saving appliances, fittings, and smart home systems, with an additional 30% financing cap of RM250,000.
To complement these offerings, Maybank also offers Solar Financing and home insurance/takaful coverage. Maybank Home2u, a convenient online platform for home loan/financing applications, is also available for streamlining the process for the customers.
Syed Ahmad Taufik Albar, Group CEO, Maybank Community Financial Services said that Maybank’s commitment to sustainability is unwavering. The continued momentum to grow sustainable home financing portfolio is very much driven by the Group’s early success in achieving all of its sustainable home financing targets in the past three years, including green homes and solar panel projects.
“The launch of our enhanced Maybank Green Home Financing solutions is a testament to our dedication to meeting the growing demand for sustainable housing. Through these innovative financing options, we aim to empower Malaysians to make environmentally conscious choices more affordable while enjoying the benefits of home ownership.”
Over the years, Maybank has continuously forged strategic partnerships with housing developers to ensure that sustainable housing options are available and affordable, further driving the nation's shift towards a greener future. A notable example is Maybank’s recent collaboration with RJ Group for d’Isabelle high-rise condo units. This was the first Green Building Index (GBI)-certified residential project in Sarawak which also marked the beginning of Maybank’s significant contribution to the region’s growing green landscape.
The first fifty customers applying for the Maybank Green Home Financing can stand a chance to own RM1,000 worth of gold, credited into their Maybank Islamic Gold Account-i (MIGA-i).
Maybank’s achievements in sustainable financing have been recognised globally, with the bank being awarded the Most Sustainable Bank by Derivative Finance, Best Bank for Sustainable Financing in Malaysia by Global Finance and FinanceAsia Awards last year. This new green home financing initiative is aligned with Maybank’s sustainability drive, which aims to deliver holistic, values-based, and sustainable solutions while contributing to a greener future.
For more information on Maybank Green Home Financing, please visit https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/promotions/loans/green-home-financing.page