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  1. Make your dream home come true with a house renovation loan! Our home financing offers up to 120% of property value with 3.95% interest rate p/a. Read more.

  2. Explore Maybank MyDeco home renovation loan with interest rates as low as 4.40% p.a. Customise your home decor plans with our home improvement loans. Read more.

  3. However, if your renovation cost is high, it might be best to consider a renovation loan with lower upfront costs, interest rates, and affordable monthly instalments. Some home and renovation loans can also be bundled into one, single convenient package.

  4. Nov 30, 2021 · If you are taking out an RM25,000 renovation loan with an interest rate of 6% per anum and paying a monthly instalment of RM333 over a tenure of 10 years, then the renovation costs could end up costing you RM40,000 in repayment!

  5. Jun 29, 2020 · If you’re paying at the higher interest rate, and over the longer 10-year period, then a RM25,000 loan for renovation costs could end up costing you RM40,000 in repayment! That makes a difficult equation for your grand renovation investment.

  6. Jun 23, 2023 · The loan offers a long tenure of up to 35 years or age 70, whichever is earlier and an effective interest rate of as low as 3.95% p.a (SBR + 0.95% p.a). How You Can Benefit From Maybank Home+Reno Loan? For example, Arwin recently purchased a sub sale landed property priced at RM800,000. He plans to extend the house and replace the bathroom tiles.

  7. Feb 4, 2022 · Cons: There is an interest rate for the loan so you would end up paying more for your renovation than what your vendor has charged. The longer the tenure, the higher the interest rates so it would be better to choose the lowest tenure you can afford.