Refinance your existing mortgage with a new bank to secure better cashouts and terms.
Benefits:
✔ Access built-up home equity.
✔ Consolidate and pay off debts.
✔ Fund home renovations or major expenses.
✔ Secure better loan terms if interest rates are lower
- How It Works:
Replace your current home loan with a new, higher loan.
Adjust loan terms to fit your financial goals.
Receive the extra amount in cash.
Refinancing Cash-Out Process
Getting to Know You
Warm Welcome & Understanding Your Needs
We begin by understanding your financial goals—whether it’s funding a business, renovation, education, or debt consolidation.
Get clarity on how much cash you need and how to structure your loan to keep repayments comfortable.
Property & Loan Assessment
Evaluate Your Current Mortgage & Property Value
- Assess current outstanding loan balance and property market value.
- Calculate available equity and how much cash-out is possible (up to 90% of property value).
Financial Profiling
- Review income, credit history, and monthly obligations.
- Ensure eligibility with banks under Malaysian lending guidelines.
Strategy & Loan Structuring
Cash-Out Planning
Determine optimal loan amount and tenure to match your cash needs and repayment ability.
Balance between maximum cash-out and affordable monthly installments.
Compare Bank Offers
Source and compare refinancing packages from top Malaysian banks.
Negotiate for lower interest rates and flexible repayment terms.
Application & Documentation
Submit Loan Application
Prepare and submit the refinancing application to selected banks.
Ensure accurate documentation for faster processing.
Required Documents
IC, income proof (e.g., payslips, Form BE, bank statements), existing loan statements, property documents, and valuation report.
Loan Processing & Approval
Approval & Offer Letter
- Work with Malaysian banks to secure the best interest rates.
- Obtain loan approval and review the Letter of Offer (LO).
Agreement & Legal Procedures
- Sign the loan agreement and complete the legal process.
- Engage with solicitors for SPA stamping and title transfer.
Loan Approval & Cash Disbursement
Approval & New Loan Agreement
Receive approval for the new loan and sign Letter of Offer.
Finalize the loan with legal documentation and stamping.
Cash Disbursement
Existing loan is settled by the bank.
Excess funds (cash-out portion) are disbursed to your account.
Post-Loan Support & Financial Monitoring
Repayment Setup & Support
Set up monthly repayment with auto-debit.
Receive ongoing support to manage your loan effectively.
Financial Planning & Growth Advisory
Guidance on how to leverage the cash-out for business or personal growth.
Monitor opportunities for future refinancing or rate adjustments.
- Our Clients
Refinancing Cash Out Case Study
Ms. Tan
Property Value: RM1.5 million
Existing Loan Balance: RM700,000
Objective: Access capital to expand her restaurant business.
Challenges
Needed RM450,000 capital for renovations and expansion.
Wanted to avoid high-interest business loans.
Needed to maintain steady cash flow and manageable repayments.Refinance Cash Out Strategy
Refinanced to RM1.35 million (90% of property value)
Cashed out RM650,000
Secured 3.85% p.a. interest rate—lower than business loan options.
Adjusted loan tenure to keep monthly payments affordable.Outcome & Benefits
Gained RM450,000 for her new restaurant, plus RM200,000 buffer.
Avoided high-cost business loans.
Maintained strong monthly cash flow.
Leveraged home equity to grow her business sustainably.Conclusion
Ms. Tan successfully funded her business expansion without taking on high-cost debt. By leveraging her property’s equity, she secured a low-interest loan that allowed her business to grow while keeping finances under control.
At CreditSecure, we are here to guide you every step of the way for a smooth, transparent, and stress-free home financing journey in Malaysia, we provide comprehensive Refinancing Cash Out Solutions.
