Maybank Islamic

Maybank HouzKEY (M2Own) Malaysia 2026

Rent-to-Own Guide

Own a Home with Zero Downpayment

Maybank HouzKEY lets you rent-to-own with 100% financing - no downpayment required

100%

Financing

0%

Downpayment

Lower

Initial Payments

Syariah

Compliant

Check Your Eligibility

What is Maybank HouzKEY?

Maybank HouzKEY is a rent-to-own home ownership scheme by Maybank Islamic. It's designed for Malaysians who want to own a home but can't afford the traditional 10% downpayment.

Instead of you taking a loan, Maybank purchases the property and rents it to you for up to 5 years. After the rental period, you have the option to convert to full ownership.

The scheme is available through the m2own platform, where you can browse available properties from partner developers.

100% financing - no downpayment needed
Rent the property with option to buy
Lower monthly payments during first 5 years
After rental period, convert to full ownership
Syariah compliant (Islamic financing)

What is M2Own (Maybank2Own)?

M2Own atau Maybank2Own adalah portal rasmi Maybank untuk skim HouzKEY. Di portal maybank2own.com, anda boleh:

  • Browse hartanah yang layak untuk HouzKEY
  • Semak kelayakan anda
  • Mohon secara online
  • Track status permohonan
Link:maybank2own.com

Note: M2Own dan HouzKEY adalah produk yang sama — M2Own adalah nama portal, manakala HouzKEY adalah nama skim rent-to-own.

How HouzKEY Works

Simple step-by-step process to own your home

1

Choose Property

Browse available properties from the HouzKEY partner developer list

2

Apply Online

Submit your application through the m2own portal

3

Maybank Buys Property

Upon approval, Maybank purchases the property on your behalf

4

Start Renting

Move in and pay monthly rent to Maybank for up to 5 years

5

Build Toward Ownership

Your monthly rent contributes toward eventual purchase

6

Convert or Exit

After rental period, choose to buy the property or exit the scheme

HouzKEY Eligibility

Check if you qualify for Maybank HouzKEY

Citizenship

Malaysian citizens only

Age

18 - 70 years old

Minimum Income

RM3,000/month

Home Buyer Status

First or second home buyers

Credit Record

Good CCRIS/CTOS history

Property Requirement

Must be from HouzKEY partner developers

Check your eligibility with our calculator

Maybank HouzKEY Interest Rate & Costs

Understanding the financial aspects of HouzKEY

Costs Breakdown

  • Rental Rate~5% p.a. (variable)
  • Option Fee~5% of property price
  • DownpaymentNot required
  • Stamp Duty (during rental)Not applicable
  • Legal Fees (at conversion)Applicable

Example Calculation

Property PriceRM500,000
Option Fee (5%)RM25,000
Est. Monthly Rent~RM2,500
Rental PeriodUp to 5 years

After 5 years, you can convert to full ownership or exit the scheme.

HouzKEY Pros and Cons

Weigh the advantages and disadvantages before deciding

Pros

Zero Downpayment

No need for 10% downpayment - start with just the option fee

100% Financing

Maybank finances the entire property purchase price

Lower Initial Payments

Monthly rent during first 5 years is typically lower than loan instalments

Time to Save

Live in your home while saving for eventual purchase

Syariah Compliant

Based on Islamic financing principles (Ijarah Muntahiyah Bi Tamlik)

Exit Option

Flexibility to exit if circumstances change without selling property

No Loan Rejection Risk

Maybank owns the property, so no traditional loan approval needed

Cons

Limited Property Selection

Only properties from HouzKEY partner developers available

Higher Total Cost

Overall cost typically higher than traditional home loan

No Ownership During Rental

You don't own the property until conversion - Maybank does

Non-Refundable Option Fee

5% option fee is lost if you choose to exit without buying

Conversion Deadline

Must decide to convert within the specified timeframe

New Properties Only

Mainly for new or under-construction properties from developers

HouzKEY vs Traditional Home Loan

Side-by-side comparison to help you decide

FeatureHouzKEY (Rent-to-Own)Traditional Loan
Downpayment0%10% minimum
Monthly Payment (initial)LowerStandard
Total Cost Over TenureHigherLower
Property ChoiceLimited list onlyAny property
Ownership StatusAfter rental periodImmediate
Exit FlexibilityCan exit (lose option fee)Must sell property
Best ForNo savings for downpaymentHave savings ready

Who Should Consider HouzKEY?

Is HouzKEY the right choice for you?

Good For

  • First-time buyers without savings for downpayment
  • Young professionals just starting their career
  • Those who want to try before you buy
  • People with variable or unstable income
  • Those who may relocate in near future

Not Ideal For

  • Those with 10%+ downpayment savings ready
  • Property investors (rental yield restrictions apply)
  • Those wanting a specific property not on the list
  • People who want immediate full ownership
  • Those looking for subsale or auction properties

HouzKEY Property List & Projects

Available properties from partner developers

Available Locations

  • Klang Valley (Selangor, KL)
  • Penang
  • Johor

Partner Developers

  • EcoWorld
  • IOI Properties
  • Mah Sing
  • And more...

To view available properties and check current listings, visit the official m2own portal.

Browse Properties on m2own

How to Apply for HouzKEY

Step-by-step application guide

1

Visit m2own Portal

Go to maybank2own.com.my

2

Browse Properties

View available HouzKEY properties

3

Check Eligibility

Use the online eligibility checker

4

Submit Application

Fill in application form and upload documents

5

Document Verification

Maybank reviews your application

6

Approval & Signing

Sign agreement and pay option fee

Maybank HouzKEY Contact

Get in touch with Maybank HouzKEY team

Portal

maybank2own.com.my

Hotline

1-300-88-6688

Email

houzkey@maybank.com

Branch

Any Maybank branch

Already Own a Home?

If you already own property, HouzKEY isn't for you. But you could still save money by refinancing your existing home loan to get better rates.

RM300-700

Potential monthly savings

Lower

Interest rates available

Free

Rate comparison

Maybank RefinancingCompare All Banks

Frequently Asked Questions

What is Maybank HouzKEY?
Maybank HouzKEY is a rent-to-own home ownership scheme by Maybank Islamic. Instead of taking a traditional home loan, Maybank purchases the property and rents it to you for up to 5 years. After the rental period, you have the option to convert to full ownership. It is designed for those who cannot afford the 10% downpayment required for traditional loans.
Who is eligible for HouzKEY Maybank?
To be eligible for HouzKEY, you must be: a Malaysian citizen, aged 18-70 years old, earning minimum RM3,000 per month, a first or second home buyer, and have a good credit record (CCRIS/CTOS). Additionally, the property must be from HouzKEY partner developers list.
What is the interest rate for HouzKEY?
HouzKEY uses rental rates rather than interest rates (being an Islamic product). The rental rate is approximately 5% per annum, which is variable and may change. This translates to monthly rent payments during the rental period. The exact rate depends on the property and current market conditions.
Can I cancel HouzKEY?
Yes, you can exit HouzKEY before completing the full tenure. However, the 5% option fee you paid upfront is non-refundable and will be forfeited. This gives you flexibility to leave if circumstances change, but there is a financial cost to exiting early.
How do I contact Maybank HouzKEY?
You can contact Maybank HouzKEY through: the m2own portal at maybank2own.com.my, hotline 1-300-88-6688, email houzkey@maybank.com, or visit any Maybank branch. The m2own portal also has live chat support during business hours.
What happens after 5 years of HouzKEY?
After the 5-year rental period, you have the option to: 1) Convert to full ownership by taking a home loan for the remaining balance, or 2) Exit the scheme (forfeiting the option fee). If you choose to buy, the 5% option fee you paid is credited toward the purchase price.
Is HouzKEY Syariah compliant?
Yes, HouzKEY is fully Syariah compliant. It is operated by Maybank Islamic using the Ijarah Muntahiyah Bi Tamlik (IMBT) concept, which is a lease ending with ownership transfer. This makes it suitable for customers who prefer Islamic financing products.
What properties are available under HouzKEY?
HouzKEY properties are limited to partner developers including EcoWorld, IOI Properties, Mah Sing, and others. Available locations include Klang Valley, Penang, and Johor. The selection includes mainly new launches and under-construction properties. You can view the full list on the m2own portal.
How much salary to buy a 300k house?
For a RM300,000 property under HouzKEY, you would need approximately RM3,000-4,000 monthly income to qualify for the rental payments (around RM1,500/month). For a traditional loan with 10% downpayment, you would need similar income plus RM30,000 saved. Use our eligibility calculator for accurate estimates.
Is rent-to-own cheaper than buying?
Generally, no. Rent-to-own (HouzKEY) typically costs more in total compared to a traditional home loan because you are paying for the flexibility of zero downpayment and exit options. However, it is more affordable initially since you do not need the 10% downpayment, making homeownership accessible to those without savings.
Can I refinance after HouzKEY?
Yes, after converting your HouzKEY to full ownership (taking the home loan), you can refinance to another bank after the lock-in period ends (typically 3-5 years). Many HouzKEY graduates refinance to get better rates. Check our refinancing calculator to see potential savings.
What is the option fee for HouzKEY?
The HouzKEY option fee is approximately 5% of the property price, paid upfront. For a RM500,000 property, that is RM25,000. If you complete the purchase, this amount is credited toward your purchase price. If you exit early, this fee is non-refundable. It is essentially your commitment deposit.

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