Cash-out refinance · Property
Release equity from your home, with the numbers in view.
A cash-out refinance replaces your existing property loan with a new one and releases part of the equity you have built. We coordinate the valuation and documents and compare partner banks before we submit.
How cash-out refinance works
When you refinance, a new bank settles your existing housing loan and grants you a new loan based on the property's current market value. If the new loan is larger than what you owe, the difference is released to you as cash, after fees and any costs you agree to finance.
People usually refinance to consolidate higher-cost debts such as credit cards or personal loans, to fund renovation, education or a business, or to move to a structure that suits them better. It is a secured loan against your home, so it needs careful thought: a longer tenure can lower the monthly instalment but increase the total interest paid.
We help you weigh this before anything is submitted. We check any lock-in period on your current loan, coordinate the valuation and legal paperwork, and compare what our partner banks are likely to offer. The bank makes the final decision on approval, amount and terms.
Who it suits
Refinancing suits property owners with a clear purpose for the funds and a steady income to support the new instalment.
- Owners consolidating credit card or personal loan debt into one instalment
- Owners funding renovation, education or business needs from existing equity
- Owners whose current loan is past its lock-in period
- Properties with an individual or strata title
What we handle
Refinancing involves more parties than most loans: the bank, a valuer, lawyers and your current lender. We keep them coordinated.
Equity and costs laid out
We estimate how much could be released after settling your current loan, and list the costs involved before you decide.
Valuation coordinated
We arrange the valuation with a valuer on the bank's panel and follow up so the report reaches the bank.
Banks compared before submission
We compare the margins and structures partner banks are likely to offer for your property type before anything is submitted.
Lock-in and timing checked
We check your current loan for a lock-in period or early settlement charges, so you can plan when to refinance.
How a refinance application works
Refinancing takes longer than other loans because of the valuation and legal work. These are the four stages.
-
01
Consultation and equity check
We review your current loan, the property and what the funds are for, and estimate the equity that could be released.
-
02
Documents and valuation
We collect your title, loan statements and income documents, and coordinate the property valuation.
-
03
Bank submission
We compare partner banks and submit where the property type and your profile fit best, then track the assessment.
-
04
Offer, legal work and release
We explain the offer. Lawyers then prepare the loan documents, the new bank settles your existing loan, and the balance is released to you.
Documents checklist
Cash-Out Property Refinance
Typical requirements. Individual banks may ask for more depending on your profile.
Salaried
- MyKad (front and back)
- Latest 3 months salary slips
- Latest 6 months bank statements
- Existing loan statement and redemption statement
- Sale & purchase agreement or title copy
- Latest quit rent and assessment
Self-employed
- MyKad (front and back)
- SSM business registration
- Latest 6 months business bank statements
- Latest tax return (Form B) and receipt
- Existing loan and redemption statement
- Title copy, quit rent and assessment
Estimate your instalment
Property loans are calculated on a reducing balance. Enter the amount, tenure and an indicative rate to see a rough monthly instalment.
Indicative placeholder rate — not a quotation.
Estimated monthly instalment
RM 1,616.83
- Total payable
- RM 485,048.09
- Method
- Reducing balance
Estimate only. Actual rate and approval are subject to the bank's assessment.
Refinance questions
How much cash can I release?
It depends on the property's current valuation, the margin of finance the bank offers, what you still owe and your ability to service the new instalment. We give you an estimate after reviewing your documents; the bank confirms the final amount after valuation.
What costs are involved in refinancing?
Typically a valuation fee, legal fees, stamp duty on the new loan agreement and possibly insurance such as MRTA or MLTA. Your current bank may also charge an early settlement fee if you are within a lock-in period. We ask for a written breakdown so you can decide with the full picture.
Can I refinance a property without an individual or strata title?
Banks generally prefer completed properties with an individual or strata title. Properties with only a master title, or still under construction, are harder to refinance and some banks will not consider them. We check your title position at the start.
Why does refinancing take longer than other loans?
A refinance involves a valuation, legal documentation and the settlement of your existing loan with another bank, so more parties are involved. Timelines vary with each bank and case, and we keep you updated at every stage.
Other financing routes
Check your eligibility
Tell us about the property and what you need the funds for, and a consultant will review which partner banks fit your profile.
- No fees are charged to submit an enquiry. Approval and final terms remain entirely with the bank.
Enquiry received
A consultant will contact you on your preferred channel within one working day. Nothing has been submitted to any bank yet.