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 Maybank Home Loan, Advance Payment available for Redraw

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TSeClIpSe_R3tr0
post Aug 22 2025, 10:23 AM

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QUOTE(swing123 @ Aug 21 2025, 11:20 PM)
If full flexi and you hv 10k in current account, yes....

If semi flexi, you hv 10k in savings account that come with standing instructions for mortgage repayments, then yes. But if you have deposit the 10k to mortgage account for principal offset ie saving account balance is 0, then your skipped payment for one month wiill remain outstanding in arrears.
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Additionally for principal offset - you need to do it over the bank counter. I am using Maybank, at least this is what I've read what others did.

For advance payment, can just do it over the M2U app. There's an advanfe payment tab that you can click on to deposit.

This post has been edited by eClIpSe_R3tr0: Aug 22 2025, 10:23 AM
NooooB
post Aug 27 2025, 03:08 PM

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QUOTE(eClIpSe_R3tr0 @ Aug 20 2025, 03:51 PM)
I see, thank you.
If I were to do so, will my SI (Standing Instruction) continue ? or will it deduct from the advance payment ?
Example my installment per month is RM 1568 - I will transfer RM 3136 -- there's a month's excess will go into advance payment

Will this excess amount be used for next month's installment payment ?
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Yes, it will be applied towards next month’s payment.

 

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