Maybank Home Loan Review Rates and Fees Explained
Maybank offers competitive home loans in Singapore with fixed rates starting at 1.65% p.a. for 2-year packages and 3M SORA + 0.40% for floating options, making it a strong choice for HDB and private property buyers seeking stability.[1][4]
This Maybank Home Loan Review Rates and Fees Explained breaks down the latest packages as of December 2025, helping first-time buyers and refinancers decide if a Maybank housing loan fits their needs. As part of Homejourney's pillar guide on Singapore home loans, this cluster focuses on actionable insights for Maybank refinance and mortgage options. Homejourney prioritizes your safety with verified rates and transparent comparisons.
Maybank Overview: Market Position in Singapore
Maybank, a leading Malaysian bank with a strong Singapore presence, specializes in HDB and private property financing. It provides up to 75% loan-to-value (LTV) financing and attractive packages for resale condos, new launches, and refinancing.[6]
Unique selling points include generous cash rebates—S$2,000 for loans above S$500,000 and up to S$2,800 for S$1.5 million+—covering refinancing costs like valuation fees and legal fees.[2] Maybank's HDB home loans start at a minimum of S$100,000 with fixed rates from 2.50% p.a. for the first year, ideal for upgraders.[5]
Compared to DBS, OCBC, and UOB, Maybank excels in fixed-rate promos for mid-tier loans (S$500k+), positioning it well for families in areas like Punggol or Sengkang HDB estates.[1]
Current Maybank Home Loan Rates (December 2025)
Maybank's rates are tiered by loan size and property type. For resale condos or landed homes, the 2-year fixed rate is 1.65% p.a. in Years 1-2, competitive against DBS (1.75%) and SCB (1.68%).[1]
Floating rates use 3M SORA + 0.40% (effective ~3.10% based on current SORA), better than OCBC's +0.65% on 1M SORA.[1] HDB loans offer 2.50% p.a. fixed for Year 1.[5]
| Loan Type | Year 1 | Year 2 | Lock-in |
|---|---|---|---|
| Maybank 2 Yr Fixed (Private) | 1.65% p.a. | 1.65% p.a. | 2 years |
| Maybank 3M SORA (Refi) | +0.40% | +0.40% | 2 years |
| HDB Fixed Promo | 2.50% p.a. | Varies | 1 year |
SRFR was revised to 5.10% p.a. from 16 Dec 2025, and FDMR36 to 1.30% from Jan 2026, signaling lower base rates ahead.[3][8] Compare these instantly on Homejourney's bank-rates page against DBS, UOB, and HSBC.
Maybank Fees and Charges Breakdown
Key fees include processing (S$1,000-S$2,000, often rebated), valuation (S$800-S$1,500), and legal fees (S$2,000-S$3,000 for resale).[2] Refinancing penalties apply during 2-3 year lock-ins: 1.5% of outstanding loan if prepaid early.
Cash rebates offset these—e.g., S$2,500 for S$1m+ loans—making net costs low. No commitment fees for HDB loans. Always verify with Maybank, as fees vary by property value and LTV per MAS rules (max 75% for private, 80% for HDB).
Insider tip: For Punggol resale HDBs (~S$600k), rebates cover full costs, saving ~S$500 net. Use Homejourney's mortgage eligibility calculator to factor in fees.
Interest Rate Trends and SORA Context
SORA (Singapore Overnight Rate Average) is the key benchmark for floating loans, replacing SOR. Maybank's 3M SORA +0.40% suits risk-averse buyers as it's stable for HDB monthly repayments.
The chart below shows recent interest rate trends in Singapore:
Rates have trended down post-2025 peak, with 3M SORA ~2.7%. Fixed rates like Maybank's 1.65% lock in savings vs market average 1.70%.[1][4]
Pros and Cons of Maybank Home Loans
- Pros: Top-tier fixed rates (1.65%), high rebates (up to S$2,800), HDB-friendly (min S$100k), quick processing (2-4 weeks).[1][2][5]
- Best for resale HDB/condo buyers in mature estates like Bedok or Jurong, or refinancers with S$500k+ loans.
- Cons: Higher spreads post-lock-in (1M SORA +1.00%), limited free conversion (FC24 in some packages).[4]
- May not suit under S$500k loans where promos beat it.
Maybank shines vs Standard Chartered for 2-year fixes but trails promos on mega-loans (S$2m+).[1] See Homejourney bank-rates for DBS vs Maybank comparisons.
Maybank Application Process and Timeline
- Check eligibility: Age 21+, Singapore PR/citizen, income S$3k+ monthly. Use Homejourney's calculator.
- Documents: NRIC, income slips (3 months), CPF statements, property OTP/Sale Agreement.
- Submit: Via Maybank2u or branch; Singpass auto-fill on Homejourney speeds it up.
- Timeline: Approval 3-7 days, valuation 1 week, disbursement at SPA (15% payment stage).[2]
Refinancing? Submit 1 app on Homejourney to get offers from Maybank, OCBC, UOB simultaneously—banks compete for you.
Customer Experience and Refinancing with Maybank
Maybank's app offers real-time repayment tracking and online refinancing requests. Service is reliable for HDB loans, with mortgage specialists contactable via hotline.
Refinancers report smooth switches, especially with rebates covering fees. Track live SORA on Homejourney to time your Maybank refinance.
Link to our full Maybank Home Loan Review Singapore 2026 for deeper insights.
Why Choose Homejourney for Maybank Loans
Homejourney verifies rates daily, ensuring trust. Compare Maybank rates vs all banks (bank-rates), calculate affordability (calculator), and apply multi-bank with Singpass.
Find properties in budget via property search. Our brokers guide you safely—no hidden fees.
FAQ: Maybank Home Loan Singapore
Q: What are the best Maybank rates in 2026?
A: 2-year fixed at 1.65% p.a., 3M SORA +0.40%. Check Homejourney for updates.[1][4]
Q: Are there fees for Maybank refinancing?
A: Rebates up to S$2,800 cover most; lock-in penalties 1.5% if early exit.[2]
Q: Is Maybank good for HDB loans?
A: Yes, min S$100k at 2.50% Year 1 fixed—perfect for upgraders.[5]
Q: How to compare Maybank mortgage vs others?
A: Use Homejourney's tool for DBS/OCBC/UOB side-by-side.
Q: Can I apply via Singpass?
A: Yes, on Homejourney—faster approval, less paperwork.
Disclaimer: Rates as of Dec 2025; consult Maybank or Homejourney brokers for personalized advice. Homejourney does not provide financial advice.
Ready for the best Maybank home loan Singapore? Start at Homejourney bank-rates
References
- Singapore Property Market Analysis 1 (2025)
- Singapore Property Market Analysis 4 (2025)
- Singapore Property Market Analysis 6 (2025)
- Singapore Property Market Analysis 2 (2025)
- Singapore Property Market Analysis 5 (2025)
- Singapore Property Market Analysis 3 (2025)
- Singapore Property Market Analysis 8 (2025)
