Best Bank to Refinance Home Loan in Malaysia 2026
The best bank depends on your situation:
- Lowest Rate: Public Bank (3.85%)
- Highest Margin: UOB (95%), Maybank (90%)
- Self-Employed: CIMB (flexible income assessment)
- High DSR: Hong Leong (accepts up to 75%)
- Fast Approval: RHB (2-3 weeks average)
Best Bank by Situation
| Your Situation | Best Bank | Why |
|---|---|---|
| Want lowest rate | Public Bank | 3.85% - consistently lowest |
| Need high margin | UOB | Up to 95% (incl. MRTA) |
| Self-employed | CIMB | Flexible income docs |
| High DSR (65-75%) | Hong Leong | Accepts up to 75% |
| Want fast approval | RHB | 2-3 weeks processing |
| Cash-out refinance | Maybank | MaxiHome, flexible cash-out |
| Existing customer | Your current bank | Loyalty rates, easier docs |
Quick Rate Comparison 2026
| Bank | Effective Rate | Lock-in | Max Margin |
|---|---|---|---|
| Public Bank | 3.85% | 3 years | 90% |
| Maybank | 3.88% | 3 years | 90% |
| CIMB | 3.95% | 3 years | 90% |
| RHB | 3.95% | 3 years | 90% |
| Hong Leong | 3.98% | 3 years | 90% |
| AmBank | 3.95% | 3 years | 90% |
| UOB | 4.61% | 3 years | 95% |
Our Top 3 Picks
How to Choose
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Frequently Asked Questions
Which bank has the lowest refinance rate in Malaysia?
Public Bank consistently offers the lowest refinance rates in Malaysia, currently around 3.85% effective rate. However, rates vary based on your profile, loan amount, and property type. Maybank and CIMB follow closely at 3.88-3.95%.
Which bank is easiest to get refinancing approved?
Hong Leong is often considered easiest for approval as they accept higher DSR up to 75%. CIMB is most flexible for self-employed applicants. Your current bank may also offer easier approval due to existing relationship and reduced documentation.
Is Public Bank or Maybank better for refinancing?
Public Bank offers lower rates (3.85% vs 3.88%) but stricter approval criteria with 65% DSR limit. Maybank offers more flexibility with MaxiHome product, higher margin up to 90%, and accepts higher DSR. Choose Public Bank for best rate, Maybank for easier approval.
Which bank is best for self-employed refinancing?
CIMB is generally best for self-employed refinancing in Malaysia. They accept business bank statements, are flexible with income documentation, and understand variable income patterns. Hong Leong is also a good option with higher DSR acceptance.