Maybank is very famous. It has 22 branches. It provides different services and products. Some of them are loans, cards and insurance. Maybank provides variety of home loans. They are listed below here.

Types of Home Loans:

• HDB Bridging loan
• Private Property Home loan
• Renovation Loan

There are eligibility criteria for the home loan applicants. The eligibility criteria are listed below here.

Maybank Home Loan Eligibility Criteria:

Ø  The applicant should be a Singapore citizen or Singapore Permanent Citizens.

Ø  Foreigners can also apply. There are separate terms and condition for them.

Ø  The applicant should be of 21 years. It is the minimum age limit.

HDB Home Loan:

Many features are present in this loan type. Key features are listed below here.

• There is single board rate. This is rate is fixed depending upon the many factors. The factors are business costs and market conditions. This rate is also known as Singapore Residential Financing Rate (SRFR). This rate applies to both the new as well as old home loan customers.
• Two types of rate are available. They are Fixed rate and Variable rate. Each type of rate has its own benefits and limitations.
• There is facility of free fire insurance for 1 year. Legal fee subsidy is also free.

Renovation Loan:

Many features are present in this loan type. Key features are listed below here.

Ø  This bank offers loan up to 6 times of the applicant monthly income.

Ø  The loan tenure is very flexible. The tenure is around 1 year to 5 year.