Best Online Mortgage Lenders in Malaysia (2025)
With the rise of financial technology, applying for a mortgage has become more convenient than ever. Many banks and financial institutions now offer online mortgage services, allowing borrowers to compare rates, submit applications, and manage their loans from anywhere. Here are the best online mortgage lenders in Malaysia for 2025:
1. HSBC HomeSmart Mortgage
✅ Key Features:
- Highly flexible: Functions like a current account where extra funds can be deposited to reduce interest costs and shorten the loan tenure.
- Withdraw anytime: No penalty for withdrawing extra funds.
- Daily interest calculation: Helps to minimize total interest paid.
🔗 Official Website: HSBC HomeSmart
2. Maybank Home+Reno Financing (Home + Renovation Loan)
✅ Key Features:
- Up to 120% financing: Covers both home purchase and renovation costs.
- Perfect for new homeowners: Eliminates the need for a separate renovation loan.
- Flexible repayment options based on financial situation.
🔗 Official Website: Maybank Home+Reno
3. CIMB Home Loan
✅ Key Features:
- Competitive interest rates and multiple mortgage options.
- Easy online application with real-time loan tracking.
- Suitable for first-time buyers and refinancing needs.
🔗 Official Website: CIMB Home Loan
4. Public Bank Housing Loan
✅ Key Features:
- Offers Flexi-loan options, allowing borrowers to reduce interest by depositing extra funds.
- Long repayment tenure of up to 35 years (or maximum borrower age of 70).
- Available for residential or investment property purchases.
🔗 Official Website: Public Bank Housing Loan
5. RHB MyHome Mortgage
✅ Key Features:
- Up to 90% + 5% financing (includes Mortgage Reducing Term Assurance – MRTA).
- Long repayment period of up to 35 years, making monthly payments more manageable.
- Multiple loan packages tailored for different types of homebuyers.
🔗 Official Website: RHB MyHome
How to Choose the Best Online Mortgage?
📌 1. Compare Interest Rates
Different banks offer different rates. Use online comparison tools to find the best mortgage deal:
- 🔍 RinggitPlus
- 🔍 iMoney
📌 2. Check Loan Flexibility
- Does the loan allow early repayment without penalties?
- Is there a Redraw Facility, where you can withdraw extra payments if needed?
📌 3. Review Loan Eligibility Criteria
Each bank has different requirements, including minimum income, credit score (CTOS/CCRIS), and employment status. Make sure you qualify before applying.
📌 4. Consider Customer Service Quality
Choosing a lender with good customer support ensures a smoother loan process and better assistance when managing repayments.
Conclusion
In 2025, Malaysia’s online mortgage market is more competitive than ever, with HSBC, Maybank, CIMB, Public Bank, and RHB offering digital loan application and management services. When choosing the best mortgage, consider factors such as interest rates, repayment flexibility, loan amount, and customer service.
