Yes, and no. Ill elaborate.

1. When refinancing, there are 2 portions of loans that you are getting:

a) Refinancing of the outstanding balance

b) Cashing out based on the value of the property.

For example, if you have a property with the MV of RM500k, and the outstanding of RM200k, you can refinance the RM200k outstanding (refinancing potion) and cashing out up to RM250k (cash out portion)

2. For most banks, the refinancing and cash out portion is limited to a repayment period of 10 years, even if the loan with you current bank has a tenure of longer than 10 years. Doing this will usually affect your cashflow significantly since you are reducing the tenure of your loan.

3. For some other banks on the other hand, the refinancing potion can be extended to a maximum of 35 years; and the cash out portion will be calculated based on 10 years repayment period for the approval process. HOWEVER, if your loan is approved, the repayment period and instalment will be based on 35 years, for both REFINANCING and CASH OUT portion

Hope that helps.

Try AiA fixed loan. They are easier than normal bank as they calculate based on the tenure you wish to apply such as 35years if not mistaken!