PRODUCT DISCLOSURE SHEET

(Read this Product Disclosure Sheet before you decide to take out the
Mortgage of Product. Be sure to also read the general terms and conditions.)
Product: Mortgage Loan
Date: ______________

1.

What is this product about?

This mortgage loan is calculated on a variable/fixed rate basis and you
are offering your property as a security for this loan.

2.

What do I get from this product?

Example:

Total amount borrowed : RM _______

Margin of Financing : __________%

Tenure : _______ years

Interest rate :
Year 1-_____: _______% (applicable for
Fixed rate only)
Thereafter: BLR +_______%

Base lending rate: _______%

3.

What are my obligations?

(Based on loan simulation)

Monthly instalment: RM______

The total amount

including the amount borrowed is: RM
_____________
Note:

Total repayment amount may vary if BLR changes.

4.

What are the fees and charges I have to pay?

i.
Stamp Duties
As per the Stamp Duty Act 1949 (Revised 1989) RM5 for every
RM1,000
ii.
Disbursement Fees
Include fees for registration of charge, land search and
bankruptcy search.
iii.
Processing Fee
As per ABM Guideline (Processing fees RM50 to RM200
depending on loan amount)

iv.
v.
vi.

Request Letter of EPF Withdrawal

RM 10 per request
Monthly Maintenance Fee
RM 5.00 (applicable for MaxiHome/MaxiShop FlexiOD only)
Commitment Fee
As per ABM Guideline (1% based on unutilized portion for OD
limit for OD >RM250,000)

5.

What if fail to fulfil my obligations?

Late payment penalty : 1% p.a on the amount in arrears

6.

What if I fully settle the loan before its maturity?

(Based on the package offered)

Lock-in period: ______ years

Early settlement penalty: _______% on the settlement amount

7.

Do I need any insurance / takaful coverage?

Mortgage reducing term assurance (MRTA) / mortgage reducing

term takaful (MRTT) coverage is recommended to be taken from
our panel insurer.

Fire insurance coverage is required to be taken from our panel

insurer.

8.

Do I need any guarantor?

On case to case depending on Margin of Repayment.

9.

Can I engage my own lawyer who is not listed in the Banks

panel lawyer directory?
On case to case subject to banks approval.

10.

Will my information be disclosed to third party?

Please refer para G (DISCLOSURE) of the loan application.

11.

What are the major risks?

For loans with initial fixed interest rates, the rate on this loan would be
fixed only for the first _____ years. For the subsequent years, when the
interest rate reverts to variable rate, please be advised that the
effective rate will change according to changes to the reference rates
(eg Base Lending Rate). An increase in the effective rate may result in
higher monthly repayments.

12.

What do I need to do if there are changes to my contact

details?
It is important that you inform us of change in your contact details to ensure
that all correspondences reach you in a timely manner. To update your
contact details, you may reach us via one of the channels:
Tel:
Fax:
Email:

13.

Where can I get further information?

Should you require additional information about taking a housing loan,
please refer to the bankinginfo booklet on Housing Loans, available at
all our branches and the www.bankinginfo.com.my website.
If you have any enquiries, please contact us at:
Maybank Berhad
Address:
Tel:
Fax:
E-Mail:

14.

Other consumer loan packages available

Personal Financing, Hire Purchase, Credit Cards, Will Writing,

Deposit products

IMPORTANT NOTE: YOUR PROPERTY MAY BE FORECLOSED

IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR
MORTGAGE LOAN.
The information provided in this disclosure sheet is valid as at or until __________.

Note:
Sales Personal is required to fill up this form upon attending the loan application.