Maybank MaxiHome
Maybank MaxiHome is a trusted housing loan that offers hassle-free financing programs that suits your lifestyle. Whether it is for home purchase, home construction, refinance or home equity, MaxiHome can provide everything you need for your home loan requirements. Apply for MayBank MaxiHome through eCompareMo, fast, easy, and free of charge housing application online.
If you are looking for housing loan other than MayBank, we can help you with it. Ask us today and we will guide you every step of the way.
Maybank MaxiHome
Get Your Dream House With Maybank MaxiHome Loan. Fast Application, Low Interest Rates And Convinient Home Loan Terms. Apply Today!
Product Features
Overview
- Product Name:
- Maybank MaxiHome
- Remarks
- Up to 15 years payment term for Loan Refinancing
- Minimum Amount of Loan:
- PHP1,000,000.00
- Maximum Amount of Loan:
- PHP5,000,000.00
- Minimum Loan Tenure:
- 1 years
- Maximum Loan Tenure:
- 20 years
- Maximum Fixed Period:
- 5 years
- Early Repayment:
- Property Insurance Included:
- No
- Accepts Third Party Property Insurance:
- No
- Accepts Third Party Mortgage Insurance:
- No
- Does not Require Mortgage Insurance:
- No
- Payment Options:
- Application Approval Time:
Eligibility and Requirements
- Eligible Property Types
- House and Lot
Vacant Lot
Condominium
Townhouse
- Home Loan Proceeds Can Be Used For:
- Purchase of Property
Construction/Home Improvement
Refinancing
Home Equity
Property Types and Loan Purpose
- Age Range of Borrower:
- 21-65 years
- Minimum Annual Income:
- PHP480,000.00
- Employment Work Status
- Employed - Private Sector for 2 years
Employed - Government for 2 years
Self - Employed for 3 years
Professional for 2 years
Employed - BPO for 2 years
Employed - OFW/Seafarer for 2 years
- Applicant Must Have a Landline Phone at Home or Office:
- No
- Need to Open Linked Bank Account:
- No
- Guarantor Requirements:
- Collateral Requirements:
- Maybank's collateral for home loan are House and Lot, Condominium, Building Plan for home construction and Statement of Account for Refinancing
Fees and Charges/Penalties
- Appraisal Fee
- PHP4,500 for Metro Manila located properties
- Appraisal Fee
- PHP5,500++ for Provincial located properties
- Processing Fee
- Depends on the approved loan amount
Interest Rates Offered
| Interest for | Fixed Period Interest | Effective Interest Fixed | Variable Period Interest Rate Per Year |
|---|---|---|---|
| 1 year fixed period (Home Acquisition/Construction) | 6.00% | 6.00% | |
| 3 year fixed period (Home Acquisition/Construction) | 6.25% | 6.00% | |
| 5 year fixed period (Home Acquisition/Construction) | 7.50% | 6.00% | |
| 1 year fixed period (Refinancing) | 6.00% | 6.00% | |
| 3 year fixed period (Refinancing) | 6.25% | 6.00% | |
| 5 year fixed period (Refinancing) | 7.50% | 6.00% | |
| 1 year fixed period (Home Equity) | 8.75% | 6.00% | |
| 3 year fixed period (Home Equity) | 9.50% | 6.00% | |
| 5 year fixed period (Home Equity) | 10.25% | 6.00% |
FAQs
What are the eligibility requirements to apply for a Maybank Housing Loan?
- Applicant must be of legal age and not be older than 65 years old once the loan matures
- Gainfully employed with a reputable company for at least 2 years; or
- Own a business that’s been operational for at least 3 years and been making a profit in the last 2 years.
- Foreigners can still apply for a MaxiHome Loan but only if the property is a condominium, and proof of residency and employment in the Philippines must be provided
- Overseas workers should have a contract of employment for two (2) years and the nature of work that should fall under the category of Professional and Technical jobs
- Seafarers should be at least of Officer Level and serving for at least 2 continuous years
- An attorney-in-fact is required for overseas workers or seafarer applicants
What are the documentary requirements required?
Basic requirements (for both spouses):
- Housing loan application form (completely filled out and signed)
- Valid government-issued IDs and a recent photo of spouse if married
- Marriage Certificate (if married) and Death Certificate (if widowed)
Employed:
- Certificate of Employment (COE) for both spouses
- Income Tax Return (ITR) for the last two (2) years
Self-employed / Entrepreneurs:
- Business Registration/Permits (SEC or DTI registration, whichever applies)
- Financial Statements for the last two (2) years, In-house and Audited
- Company profile/business background; or
- List of Major Suppliers and Customers with contact details (at least 5)
- Income Tax Return for the last two (2) years
- Latest 6 months Bank Statements/Passbook
Overseas Workers:
- Contract of Employment / Employment Certificate
- History of Employment / Latest Crew Contact (if Seafarer)
- Special Power of Attorney (using the Maybank format)
- Latest six (6) months bank statements/proof of remittance
- Latest ITR (if applicable)
Collateral Requirements
House and Lot:
- Copy of Tax Declaration (Lot and Improvement)
- Copy of Transfer Certificate of Title (TCT)
Condominium:
- Copy of Condominium Certificate of Title (CCT)
- Copy of Master Deed of Declaration and Restriction Copy of Tax Declaration
Home Construction:
- Building Plan
- Bill of Materials/Construction Cost Estimates
Refinancing:
- Updated Statement of Account from the originating institution
***Additional requirements may be required based on the borrower's profile/account/collateral type.
Can I buy a property even outside metro manila?
- Yes, you have the option to purchase a property outside Metro Manila.
How can eCompareMo help me to get the best Home loan deal?
- eCompareMo.com is a one-stop website for the leading financial products in the country. Simply choose a bank product and enter your personal specifications, and the system will provide you with relevant search results. After choosing the right product, eCompareMo also provides you with convenient and FREE application processing assistance.