Maybank today announced that it has launched Maybank Home2u, on its MAE app – digital home financing solution within an integrated banking app, which is capable of providing approval 10 seconds within completion of application.
The solution, which is backed by the bank’s proprietary automated decisioning engine, offers prospective home owners, including first-time home buyers and property investors, a fully digital experience from application to approval and signing of Letter of Offer (LO) – without having to visit a branch. The new solution is part of Maybank’s commitment to continue providing seamless and hassle-free digital solutions to its customers.
Maybank Home2u is available to both existing and new customers. Customers with salary credited into Maybank can easily apply for home financing up to RM1 million without submitting income documents and have the flexibility to package their home financing insurance via Maybank Home2u, and receive approval within 10 seconds, if the home they are applying for is from the list of residential properties within the app.
To receive instant approval, customers have the option of choosing their dream homes from a comprehensive list of landed and high-rise residential properties, with a total Gross Development Value (GDV) of RM1 billion, by established developers such as EcoWorld, IJM Land, Sime Darby Property and S P Setia, straight from the app.
“Home buyers, who may find the traditional home financing process complicated, will now enjoy a simplified yet complete experience with Maybank Home2u as we have made it intuitive and user-friendly, prioritising a smooth customer journey,” said Dato’ John, Group CEO of Maybank’s Community Financial Services.
New or existing customers who are interested to apply for home financing on a property that is not listed within the app can also apply via Maybank Home2u to kick off their home financing process. A mortgage advisor will be automatically assigned to assist them in completing their applications. Maybank Home2u enables prospective borrowers to initiate a chat with the Bank’s mortgage advisors in-feature.