Knowledge & Tips, Penang, Kuala Lumpur

A Guide to Malaysia Mortgage Loan Financing Options

15/09/2020
We would like to address a commonly asked question by our clients on whether it is possible to obtain a mortgage loan for their Malaysia property purchases.

For our appointed agency developments, Standard Chartered Bank Malaysia (SCBM) is our go-to bank to refer our clients to. We are pleased to share that the majority of our clients who require a mortgage have successfully obtained loans from SCBM.

Your source of income, age and whether you have existing loans in Malaysia will affect whether a bank grants you a loan.

Standard Chartered Bank Malaysia offers mortgage loans to foreigners

Standard Chartered Bank Malaysia offers flexi mortgage loans with a loan tenure up to 35 years (maximum age of 70 years) to non-Malaysians for their purchase of both off-plan and completed properties in Malaysia.

  • For normal customers: the typical mortgage loan amount obtainable is between 50-60% at a floating interest rate of 3.55%
  • For Standard Chartered Priority customers: the typical mortgage loan amount obtainable is 70% at a floating interest rate of 3.3%

Should a foreigner be married to a Malaysian citizen in which the Malaysian spouse is the main income earner, Standard Chartered Bank Malaysia can offer up to 90% mortgage loan.

*subject to bank approval – updated information as of 15 September 2020

What supporting documents do you need to apply for the mortgage loan?

  1. Sale & Purchase Agreement OR booking form
  2. Passport photocopy
  3. Your latest 3 months’ salary slip
  4. Your latest 3 months; bank statement showing salary credited
  5. Your latest Inland Revenue tax payment receipt
  6. Address proof

If you plan on obtaining a mortgage for your property purchase, we highly recommend that you obtain a pre-approved home loan application in order to have an idea of the mortgage loan amount and the terms of your loan.

Our Accolades

Asia Pacific Property Awards / "5-Star Best Real Estate Agency Marketing Hong Kong / "Hong Kong Regional Nominee Finalist" / "Best Real Estate Agency Single Office Award Winner"

2020-2021

The 20th Capital Outstanding Enterprise Awards / "Outstanding Overseas Property Real Estate Agency"

2020-2021

Metro Finance's Leaders' Choice Awards / "Excellent Overseas Property Agency Brand"

2020

Asia Pacific Property Awards / "5-Star Best Real Estate Agency Marketing Hong Kong for Alila2 and YOO8" & "Best Real Estate Agency Single Office" / "Hong Kong Regional Nominee Finalist"

2019-2020

Metro Finance's Leaders' Choice Awards / "Excellent Overseas Property Agency Brand"

2019

The 19th Capital Outstanding Enterprise Awards / "Outstanding Overseas Property Real Estate Agency"

2019-2020

The 18th Capital Outstanding Enterprise Awards / "Outstanding Overseas Property Real Estate Agency"

2018-2019

The Hong Kong Council of Social Service / "Caring Company"

2018-2020

Asia Pacific Property Awards / "5-Star Best Real Estate Agency Marketing Hong Kong for Alila2 and Star Residences KLCC" / "Hong Kong Regional Nominee Finalist"

2018-2019

Metro Finance’s Leaders’ Choice Awards / "Outstanding Overseas Property Real Estate Agency"

2018

Asia Pacific Property Awards / "5-Star Best Real Estate Agency Hong Kong"

2017-2018

Metro Finance’s Leaders’ Choice Awards / "Excellent Southeast Asia Property Agency Brand"

2017

Asia Pacific Property Awards / "Highly Commended Real Estate Agency Hong Kong"

2014-2015