RHB Bank launches integrated home purchase and renovation loan in Malaysia

RHB Bank has partnered with home renovation company The Makeover Guys to launch the Makeover Flexi Loan in Malaysia. This integrated financing solution allows eligible customers to fund both property purchases and renovations under a single facility.

The loan provides financing support of up to 120% of a property’s value. This includes up to 90% for the property purchase and an additional 30% to cover renovation works, legal and documentation fees, and Mortgage Reducing Term Assurance or Takaful (MRTA/MRTT). The product features Full Flexi capabilities, enabling customers to make additional repayments and redraw funds.

The financing tenure is available for up to 35 years or until the borrower reaches age 70, whichever occurs first. The initiative targets the growing Malaysian home improvement market, which was valued at RM47.7 billion in 2024 and is projected to reach RM59.2 billion by 2029.