1. What is Maybank Flexi Home Loan?

The Maybank Flexi Home Loan is a flexible housing loan product that offers competitive interest rates and various repayment options to suit different financial needs of home buyers in Malaysia.

2. How Does the EMI Calculator Work?

The calculator uses the standard EMI formula:

Where:

• \( P \) — Principal loan amount (MYR)
• \( R \) — Monthly interest rate (annual rate divided by 12)
• \( N \) — Loan tenure in months

Explanation: The formula calculates the fixed monthly payment (EMI) required to fully repay a loan over its tenure, including both principal and interest components.

3. Understanding the EMI Formula

Details: The EMI remains constant throughout the loan tenure, but the proportion of principal and interest changes over time (more interest is paid initially, more principal later).

4. Using the Calculator

Tips: Enter the principal loan amount in MYR, annual interest rate in percentage, and loan tenure in years. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the minimum loan amount for Maybank Flexi Home Loan?
A: The minimum loan amount typically starts from MYR 50,000, but may vary based on property value and applicant's financial profile.

Q2: What is the maximum loan tenure available?
A: Maybank usually offers up to 35 years tenure or until age 70, whichever comes first.

Q3: Are there any prepayment penalties?
A: Maybank Flexi loans typically allow prepayments without penalty, but terms may vary by specific loan package.

Q4: How does the flexi feature work?
A: The flexi feature allows you to make additional payments to reduce principal and withdraw excess payments when needed.

Q5: What factors affect the interest rate offered?
A: Rates depend on BLR/BR, loan amount, tenure, property type, and your creditworthiness.