Makeover Guys, RHB Bank Introduce Makeover Flexi Loan For Home Purchase, Renovation
KUALA LUMPUR, Aug 27 (Bernama) -- Modern home renovator The Makeover Guys has partnered with RHB Bank Bhd to introduce the Makeover Flexi Loan, an integrated financing solution that enables eligible customers to finance both their home purchase and renovation under a single facility.
The Makeover Guys said in a statement that the financing offers up to 120 per cent financing under a single facility for home purchase and renovation
“The Makeover Flexi Loan also offers up to 90 per cent financing for the property purchase, with an additional up to 30 per cent for renovation works, Mortgage Reducing Term Assurance or Takaful (MRTA/MRTT), and legal and documentation fees
“It also offers financing tenure of up to 35 years or until the borrower reaches the age of 70,” it said.
The company also said the financing Full Flexi features allow customers to make additional repayments and redraw funds based on their financial needs.
“It also offers progressive disbursement of renovation financing according to contractor milestones throughout the renovation process and is suitable for both homeowners and property investors,” it noted.
The Makeover Guys founder and chief executive officer Gavin Liew said the financing solution provides financial certainty for homeowners, while making it easier for them to create homes that reflect their lifestyles and preferences.
“The Makeover Flexi Loan changes that by allowing homeowners to plan both their property purchase and renovation together from day one. It gives them greater financial certainty and makes it easier to create a home that reflects the way they want to live,” he said.
Meanwhile, RHB Bank Group Community Banking head of Consumer Finance Sien Vee Loc said the collaboration with The Makeover Guys helps bridge the gap by bringing home purchase and renovation financing needs together under a single solution.
“Partnering with The Makeover Guys allows us to combine RHB’s financing expertise with trusted renovation capabilities to address a growing market need,” Vee Loc added.
-- BERNAMA