MaxiShop-i refers to Shophouse Financing-i under Variable Rate Financing (VRF). MaxiShop Loan Packages catering to the needs of individuals and small businesses, including financing the purchase of new commercial properties, sub-sales, refinancing, redraws and remortgages. The scope of commercial properties under MaxiShop includes shop houses, shop offices, commercial lots in shopping complex, office lots, factories, industrial buildings. This product is applied under the concepts of Bai Bithaman Ajil (BBA).

BBA is defined as "deferred payment sale". BBA involves the sale & purchase transactions between the bank and the customer. Under this concept, customers may defer total payment of the property in installments over a specific period of time.

Purpose:

• Financing purchase of commercial properties, whether completed units or units under construction
• Refinancing/Remortgage/Additional Financing
• Construction of Bungalows
• Conversion from conventional to Islamic financing
• Restructure

Benefits:

• Very competitive rates
• Margin of financing of as high as 100% with Mortgage Takaful / Homebuilding Takaful
• Single or Multiple instalment option
• Interest computed on daily rest
• Flexibility to pay more into the loan without any penalty
• Capping of maximum rate charged throughout tenure

Who can apply

• All individuals, joint applicants, residents and non-residents

Required Documents

For application, please visit any of the Maybank Islamic or Maybank branches with the following:

• Photocopy of NRIC
• Photocopy of title deed, S&P Agreement
• Copy of valuation report (where required)

For Salary Earners

• 3 months salary slip
• Latest EPF statement
• Bank statement to crediting fo salary
• 2 years BE From with tax receipt duly acknowledged by LHDN or e-BE Form acknowledged by LHDN

For Self Employed

• 2 year Form B wth tax receipt acknowledged by LHDN
• Latest 6 months bank statement for personal & company accounts
• Business registration
• Borang D / Form 24 & 49
• Audited financial statement of business

Fees and Charges

• Non – zero entry cost
• Customers pay the legal fees, valuation fees & stamp duties

*Terms and conditions are

• First and third party financing
• 20% stamp duty waiver