New year, new home? Before you dismiss the idea as being a pipe dream due to limited finances, know that it might just be possible, with some luck on your side.
Maybank has teamed up with local home renovation specialist The Makeover Guys (TMOG) to come up with a campaign that offers participants the chance to win home makeovers worth up to RM1,100,000.
In essence, they might just turn your dream home into a reality.
What’s this about?
This campaign is for homeowners who sign up for Maybank Home Ownership solutions, and gives you the exclusive opportunity to win cash rebates and cash vouchers.
To break it down, Maybank Home Ownership solutions involve holistic financing for customers, beyond the financing of new or sub-sale properties.
The bank also offers financing for renovations, decorations, furnishings, and fittings, through their Maybank MyDeco and Maybank Home+Reno solutions.
Maybank stated that the MyDeco is a first-of-its-kind loan built to finance home interior designs, and is distinct in that it is mortgage financing, and not a personal loan.
“The programme offers up to a 30% additional margin of finance or up to a combined total of 120% of property price/open market value (whichever is lower), or a maximum of RM250,000, whichever is lower, in a separate loan account to finance a home owner’s interior design expenses,” a press release stated.
Meanwhile, Home+Reno is for more extensive full-fledged home renovations catered for landed properties. It’s a combination of home financing and renovation facility, with the latter offering up to 120% of the property’s price or the latest open market value, whichever is lower.
The bank told Vulcan Post that customers are eligible to gain entries when they sign up for Maybank Home Financing, MyDeco, or Home+Reno financing during the campaign period (now until July 31, 2024), with their financing documents executed legally by August 31, 2024.
Customers will get an extra entry if their property is a green home.
Dictionary time: Green homes focus on the efficient use of energy, water, and building materials. A green home may use sustainably sourced, environmentally friendly, and/or recycled building materials.
From dream to reality
The winners will be drawn by a randomiser on September 30, 2024, after which a total of seven winners will be announced on the Maybank website and social media channels.
The structure and value of the prizes are as follows:
| Cash rebates into winners’ Home+Reno financing or MyDeco financing accounts | Quantity | Value (RM) |
|---|---|---|
| Grand Prize Winner | 1x | 50,000 |
| First Prize Winner | 1x | 20,000 |
| Second Prize Winner | 1x | 15,000 |
| Third Prize Winner | 1x | 12,000 |
| Consolation Prize Winners | 3x | 3,000 |
On top of these, the first 1,000 customers who accept the MyDeco Financing Letter of Offer and accept renovation services with a minimum spend of RM45,000 offered by TMOG will automatically win cash vouchers valued at RM,1000 each.
A win-win situation
Speaking to The Makeover Guys, it turns out that Maybank was the one who approached them first.
As you can imagine, the TMOG team was honoured. Following this campaign, they have also been designated as Maybank’s Preferred Home Renovator.
“This designation implies that The Makeover Guys meet certain criteria set by Maybank, such as quality of work, reliability, and customer satisfaction,” the team told Vulcan Post.
“For customers, this designation serves as an assurance of quality and credibility when choosing The Makeover Guys for their home renovation needs. Additionally, Maybank’s customers will be able to enjoy exclusive offerings by The Makeover Guys.”
TMOG was started in 2015 with the goal of helping property investors increase rentability through strategic makeovers. To date, they’ve worked with clients such as EcoWorld, Sunway Properties, Gamuda Land, and more, to provide affordable designed homes to the masses.
Crowned as the top bank in Malaysia in 2023 by Forbes, Maybank’s support will help TMOG with their bigger goal of becoming a leading name in the home renovation industry.
- Learn more about this campaign here.
- Get to know The Makeover Guys here.
- Read more Malaysian startup stories here.
Featured Image Credit: Maybank / TMOG