Mortgage Loan Malaysia

Your Premier Partner for Mortgage Loans in Malaysia

Bluebricks is a leading licensed loan agency with extensive experience and expertise in mortgages to provide custom solutions that meet our clients’ needs. Our knowledge of mortgage options and financial strategies, combined with insightful real estate advice, ensures our clients get the best mortgage loans in Malaysia.

What is a Mortgage Loan in Malaysia?

A mortgage loan in Malaysia is a loan that uses land or immovable assets (e.g. house) as security. The borrower signs an agreement with the lender (usually a bank or financial institution) to collect cash in advance and will then repay the loan over a specified period until the lender is paid back in full.

A mortgage loan is mainly used to purchase homes and various forms of real estate, which is why it is commonly known as a home or housing loan.

Who Can Apply For A Mortgage Loan?

Mortgage loans in Malaysia are designed for home buyers with insufficient cash on hand to purchase a property. Individuals and businesses can use the loan to purchase more properties without paying the entire purchase price upfront.

There are several types of mortgage loans, and buyers should understand which is best for them. Many mortgages can be as short as 5 years; some can be extended to 35 years or until the borrower turns 70 years old, whichever is earlier. The most traditional mortgages are fixed for 15 and 30 years.

What is a Fixed Interest Rate?

A fixed-rate mortgage has an interest rate that remains the same for the life of the loan. The changes in the market interest rate will not impact the borrower’s existing loan. However, if the interest rate drops significantly, it is advisable to refinance the loan to enjoy the lower interest rate.

What Is Mortgage Refinancing?

Refinancing your mortgage loan in Malaysia involves replacing your existing mortgage with a new one from a different bank. This new mortgage may offer more advantageous terms, such as improved features, debt consolidation options, or the ability to access extra cash flow, often resulting from an increase in your property’s value.

Benefits of Mortgage Refinancing

Save On Your Interest Cost

Refinancing your current mortgage loan can help you save money. With a lower interest rate, you can settle other high-interest debt, add to your savings account or put more money toward retirement.

Change in Loan Tenure

With a mortgage refinancing, you can change the tenure of the loan according to your needs. For example, if you have an increase in your income, you can opt for shorter loan tenure to pay off the mortgage faster through a higher instalment amount.

Cash Flow Adjustments

A mortgage refinancing can reduce your monthly commitment. With lesser monthly expenses, you will be able to manage your cash flows better and have more money for your daily expenses.

Reasons Your Mortgage Loan in Malaysia was Rejected

Banks have their own criteria for any loan application, and being employed is one of them. This is because your income indicates if you are capable of repaying the loan.

If you fail to prove that you are employed or are producing enough income to repay the loan, the bank will automatically reject your loan application.
Even if you have proven that you are employed, any changes to your income can also affect your application. For example, although your credit score does not indicate your current income level, banks will require you to disclose the information for further assessment. Your application will be rejected if your salary does not meet the bank's requirements.
The bank will access your track records, including late or overdue transactions and your monthly balance. They will use this information to assess your credit risk and determine whether you are a trustworthy borrower.
Some of us may not have credit cards or other financial commitments as we are too worried about spending. However, this does not help when it comes to a loan application. This is because the bank does not have enough information to decide if you are a good paymaster or vice versa.

How Can We Help

At Bluebricks, we are committed to providing clear, concise information and support to help you navigate your loan options in Malaysia. We offer a range of solutions, including:

Rejected Loan

Upon identifying the cause of rejection, we offer tailored solutions and resources to address and resolve the loan denial issue.

Increase Loan Amount

We assess your financial profile, providing insights on maximising your eligibility and connecting you with the right financial institutions to meet your specific needs.

Low Interest & Fast Approval

We specialise in finding low-interest loan options coupled with fast approval processes, ensuring you get the financial support you need without unnecessary delays.

Get In Touch With Our Loan Experts

Ready to explore your options? Fill out our form to discover how we can help you with your mortgage loan in Malaysia!
Ready to explore your options? Fill out our form to discover how we can help you with your mortgage loan in Malaysia!

Why Bluebricks?

One of the Top 10 Leading Loan Agencies in Malaysia

We act as your loan agents and represent not only individuals but also businesses. As technical financial advisors, we work with various borrowers and support you to get your loans approved. You will have access to a wide range of loans, even if banks have rejected you. Our goal is to offer advice that helps ensure your loan applications are successful and not subject to rejection.

Over 10 Years of Experience

Since 2014, we have been assisting clients in securing various types of loans, including personal, business, mortgage, and collateral loans. Our expertise extends to overcoming challenges such as CTOS/CCRIS issues, income documentation problems, and high commitment situations, offering comprehensive solutions tailored to each client's needs.

Moreover, our ten years in the field have equipped us with a deep understanding and up-to-date banking knowledge, enabling us to effectively resolve loan complications. Complex loan scenarios are our forte, ensuring we guide you towards a successful loan approval with confidence.

One-Stop Solution

We offer comprehensive loan services, acting as a one-stop solution for our clients, where we compile a variety of loan options from banks and credit houses for your consideration. All you need to do is provide us with the necessary documentation, including your income statement, assets and liabilities, employment record, and credit history. We will manage your collateral and documentation to facilitate loan approval.

Full Financing with 100% Bank Loans

We understand that financial accessibility is key, which is why we offer 100% bank loan availability. This unique opportunity is perfect if you are in need of complete financial support, providing an accessible path to your goals while also helping you build a positive credit history.

No Upfront Payment Required

We believe in easing your financial journey from the start. With our no upfront payment policy, you can embark on your investment without any initial financial strain, not only reducing your immediate burden but also reflecting our commitment to your satisfaction and trust in our services.

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Mortgage Loan Malaysia – FAQs

In Malaysia, mortgage brokers are professionals who assist borrowers in meeting their specific needs, such as securing bank approval, obtaining the desired loan amount, achieving manageable monthly instalments, acquiring lower interest rates, and expediting the loan process.

Here is how you can choose a mortgage broker in Malaysia:

  • Ensure you understand what a mortgage broker does.
  • Ask for referrals from friends, relatives, and business acquaintances.
  • Have a look at online reviews and check for complaints.
  • Ask a mortgage specialist about their experience, services, and fees.

During a mortgage consultation, you can expect us to inquire about:

  • The price of the property you're interested in.
  • Your most recent CTOS report.
  • Your income documents from the last six months.
A home loan provides funding to help you upgrade, construct, or buy a residential property. On the other hand, mortgage loans have no restrictions on how the borrower can use the loan amount.
When you refinance your mortgage loan, your credit score will decline temporarily. This is because you are taking on a new loan and have not proven your ability to repay it.

However, your credit score will return to where it was in a few months, as long as you make your payments on time.

Banks and financial institutions in Malaysia usually offer mortgage loans with a maximum loan-to-value (LTV) ratio of 90%. This means you can borrow up to 90% of the total property value.

For instance, if you’re purchasing a house worth RM500,000, you can borrow up to RM400,000 to RM450,000 from the bank while paying the remaining amount upfront.