Maybank launches enhanced green home financing for Malaysians

• The Maybank Green Home Financing’s 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.

KUALA LUMPUR (Aug 14): Malayan Banking Bhd (KL:MAYBANK) announced in a press release issued on Wednesday, the launch of its enhanced green home financing, which offers customers a higher financing margin for certified green homes in Malaysia.

According to the statement, the Maybank Green Home Financing’s 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.

It added that preferential interests are available for certified green home purchases, to further promote eco-friendly living, and that a comprehensive suite of green home financing solutions are offered to further support Malaysians in their journey towards sustainable living.

To qualify for the Maybank Green Home Financing, properties must be certified by recognised green building rating tools, such as Green Building Index (GBI), or GreenRE Leadership in Energy and Environmental Design (LEED).

Maybank group chief executive officer of community financial services Syed Ahmad Taufik Albar said in the statement: “The launch of our enhanced Maybank Green Home Financing solutions is a testament to our dedication to meet 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”.

Since 2021 up to 1Q2024, the financial institution has provided nearly RM9 billion in cumulative sustainable home financing for approximately 2,000 homes. It also noted that its recent collaboration with Sarawak-based developer RJ Group for the d’Isabelle high-rise condominium development — the first GBI-certified residential project in Sarawak, marks the start of Maybank’s contribution to the region’s growing green landscape.

Meanwhile, the group is expecting a 10% increase in sustainable home financing this year, with the introduction of the enhanced green home financing.

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