Hi there,

I too got a home loan from Maybank. Regarding the extra payment, you definitely can do that and it definitely reduces the interest. I checked the T&C.

I am also repaying via Standing Instruction. However, in order to pay extra, it is "a little more difficult". They only accept the additional payments through their counter. If you pay in via other means, your standing instruction would actually stop deducting for the extra amount that you paid in, which defeats your purpose obviously.

Cheers