MortgageOne™

What is a MortgageOne™ account?

This is an all-in-one account that combines your loans and deposits into one convenient transactional account.

Who is eligible for MortgageOne™?

All Malaysians who wish to:

  • Buy residential property that is completed or under construction
  • Refinance residential property that is completed
How does MortgageOne™ work?
  • Your savings, payroll, current and mortgage accounts are all managed under one roof
  • Reduces your loan principal whenever you deposit additional funds such as your salary, or spare cash
  • When your loan principal decreases, so does the amount of interest you pay
What are the fees and charges involved?

There is a one-time setup fee of MYR200 and a monthly maintenance fee of MYR10 for each account. Click here to view the full list of fees and charges.

What is a redraw facility?

This facility allows you to withdraw money from your loan account for personal use, subject to the availability of funds up to reducing loan limit. With a MortgageOne account, you can withdraw your money at any time without any restrictions or penalties.

How much can I borrow?

As with all loans, this amount is subject to your ability to repay, and depends on your income and other financial commitments.

How is MortgageOne™ different from other housing loans offered by other banks?

Other loans may provide redraw facilities and interest calculations on a daily or fortnightly basis, but MortgageOne™ goes further. We offer flexible loan features tailored to your specific needs, such as a choice in repayment options with low start and graduated repayments. You can also take advantage of a payment holiday if you need to "skip" payment for a particular month.

Can I combine a payment holiday with a Low Start option?

If you have chosen to take advantage of the Low Start option, you need to service the monthly interest (max 24 months) and there a payment holiday is not allowed during this period. However, a payment holiday may be considered on application to the bank.

When is interest calculated on a MortgageOne™ account?

Interest is calculated daily on your outstanding balance, and is debited monthly. Currently, no interest is paid for a MortgageOne™ account in credit balance.

What is the interest rate charged for MortgageOne™?

The interest rate charged is competitive to overall interest savings. However, it is important to remember that MortgageOne™ offers numerous money management solutions that help you reduce your outstanding loan, which in turn will reduce your interest payments.

Who do I contact to find out more?

Any of our Mortgage Sales Officers will be able to explain MortgageOne™ to you and tailor it to suit your needs. Request for a Mortgage Consultant to meet you by writing to us at Malaysia.Feedback@sc.com.

I am a 1st-time homebuyer, is MortgageOne™ for me?

Because you're a 1st time buyer, MortgageOne™ is ideal for you. But don't be alarmed by the slightly higher interest compared with other banks because the flexibility we offer outweighs the 1st-year lower rates. As you progress through life, you can use your savings, surplus cash, windfalls, and bonuses etc to offset this rate.

I am buying my 2nd home or want to refinance my loan. Is MortgageOne™ suitable for me?

MortgageOne™ has helped many of our customers save. Talk to one our Mortgage Consultants to find out how we can help you. We just need 30 minutes of your time.

I already have an existing housing loan and it is a hassle to change banks. How can MortgageOne™ help me?

MortgageOne™ has helped many of our customers save. Talk to one our Mortgage Consultants to find out how we can help you refinance with as little fuss as possible. That way you can focus on saving and gaining more financial flexibility.

Call Us

Call our hotline for further information.

03-7651 8588

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Alternatively, please complete our contact form and we will be in touch as soon as possible.

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