MyDeco Financing

At Maybank, we understand that your interior design style is unique to you and every home is a reflection of YOU – be it eco-chic, Scandinavian, eclectic or minimalist, MyDeco financing is here to offer you:

Margin of Finance

• Up to 30% additional margin of finance or up to a combined total of 120% of property price/open market value (whichever lower), or maximum RM250,000, whichever is lower, in a separate account to finance the interior design expenses.

Financing Tenure

• Up to 10 years/ age 70 whichever is earlier

Effective Interest/Profit Rate*

• As low as 4.40% p.a (SBR + 1.40% p.a)

*The Bank’s Standardised Base Rate (SBR) may be varied from time to time, pursuant to changes in Bank Negara Malaysia’s Overnight Policy Rate (OPR).

MAKE A BRANCH APPOINTMENT

This facility is available as a Conventional Loan or Islamic Financing for existing Maybank/Maybank Islamic Home Financing customers, where: 

• the Home financing portion is fully disbursed with up to date payment record;
• after which, financing for decoration is disbursed progressively over a 12-month period

The financing amount can be:

• Additional 30% financing on top of your existing Home Financing, OR
• A total combined financing of up to 120% of property purchase price or latest open market value, OR
• maximum of RM250,000, whichever is lower.

Refer to the examples below.

Example 1:

Account 1 (Existing Home Financing)

Account 2 (MyDeco Financing)

Additional 30% or up to a total of 120% financing or maximum RM250,000, whichever is lower.

Total Financing   

Example 2:

Account 1 (Existing Home Financing)

Account 2 (MyDeco Financing)

Additional 30% or up to a total of 120% financing or maximum RM250,000, whichever is lower.

Total Financing:

Example 3:

Account 1 (Existing Home Financing)

Account 2 (Deco Financing)

Additional 30% or up to a total of 120% financing or maximum RM250,000, whichever is lower.

Total Financing

Example 4:

Account 1 (Existing Home Financing)

Account 2 (MyDeco Financing)

Additional 30% or up to a total of 120% financing or maximum RM250,000, whichever is lower.

Total Financing

• Malaysian citizens aged 18 and above
• Applicants with up to 2 existing Home Financing facilities
• Only 1 MyDeco financing per Maybank/Maybank Islamic Home Financing customer
• Minimum property value of RM300,000 in Kuala Lumpur, Selangor, Johor Bahru area & Penang Island; and RM150,000 in other states/areas in Malaysia
• Property must be:
  • completed or under construction houses financed by Maybank/Maybank Islamic
  • landed or high rise residential properties financed by Maybank/Maybank Islamic.

MyDeco Financing will cover costs of:

• Interior designing, furnishing, fittings, aesthetics and decoration

Contact Us

Follow the steps below to apply:

STEP 1: Visit a Maybank branch near you

MAKE A BRANCH APPOINTMENT

STEP 2: Bring along the following when you visit our branch:

• Property Financing Application Form

DOWNLOAD THE FORM

• Identification Documents:
  • NRIC/Identity Card
  • Business Registration Form 24 & 49 (if applicable)
• Property Documents:
  • Copy of Sale & Purchase Agreement
  • Property Valuation Report is required for completed property, along with Certificate of Completion and Compliance (CCC). You may inquire in-branch on the process to obtain these.
• Proof of Income:

• Before decoration works commence, you can claim for up to 30% of approved MyDeco facility by submitting:
  • Interior Design (ID) / contractor quotation or list of items to be purchased; AND
  • written request to the bank

• The balance of 70% of the approved MyDeco facility will be disbursed progressively direct to the interior designer/contractor/supplier against works completed to be substantiated with:
  • Interior designer/contractor/supplier’s invoice
  • Site visit
  • Pictures of works done
  • Your written concurrence to the bank

Click here to download the MyDeco Financing form

Click here to view the Terms & Conditions

Click to see Mortgage Product Disclosure Sheet (Eng | BM)