Free Jaya Grocer Tote Bag By Spending RM200 using Maybank Apple Pay

To my surprise I received a Jaya Grocer Tote Bag for free for paying using Maybank Apple Pay.

maybank apple pay spend rm200 receive free jaya grocer tote bag
maybank apple pay spend rm200 receive free jaya grocer tote bag

Maybank Apple Pay Free Jaya Grocer Tote Bag Promotion

Minimum spending RM200 at Jaya Grocer using Maybank Apple Pay

Promotion period: 21 August 2023 – 20 September 2023.

Fastest Housing Loan Approval Based on My Experience

I planned to buy an auction property. So before buying, I tried to get the fastest bank in getting approval because the loan needs to be disbursed very fast to avoid my deposit from getting burnt.

Housing Loan Inquiry via Bank’s Website

I contacted few banks via their website to see which respond the fastest.

CIMB – no response at all, even thought CIMB said they will contact me as soon as possible.
Alliance – same as CIMB no response at all.
Ambank – Worst couldn’t find contact us / inquiry page.
Standard Chartered – I got voice call the next day after submitting the online inquiry.
Public Bank – I got response after 9 hours of online submission

housing loan enquiry - public bank email centre took nearly 9 hours to respond
housing loan enquiry – public bank email centre took nearly 9 hours to respond

Maybank – The fastest, I got response in 1 hour after submission

housing loan enquiry - fast response from maybank email centre - they responded within 1 hour
housing loan enquiry – fast response from maybank email centre – they responded within 1 hour

Visit Direct to Branch

Bank Islam – I was passing through Bank Islam Bukit Jelutong, so I decided to drop by to their housing loan department. I get pre-approval on the spot whether I could get loan if I win the bid & good thing the bank office has experience in handling loan for auction properties.

Check Bank Officers Responsiveness

You must check whether the bank officer respond you even during weekend and check how long the officer responds before taking loan with the bank. Besides you must check whether the office can influence their HQ to get fast approval.

Some bank officers will tell you that just pray to get fast approval some will inform you that they could push for it.

So based on my experience:

Bank Islam – the office was really responsive even during weekend and she said she had experience in pushing to get approval

housing loan - bank islam officer responsiveness even during weekend
housing loan – bank islam officer responsiveness even during weekend

Public Bank – Not responsive, have to follow up few times. In the image show that I have to follow up to get response.

housing loan - public bank officer slow respond
housing loan – public bank officer slow respond

Standard Chartered – Responsive as well but he couldn’t influence HQ.

Maybank – need to follow up but faster response compared to Public Bank and weekend stops responding

Check Bank Panel Laywer Responsiveness

At same time, before bidding, get their panel lawyer to check their fast responsive and experience in handling auction property. You ask questions regarding the process and see their response.

Bank Islam – very fast and well versed and confident can complete the transaction before 120 days

housing loan - bank islam panel lawyer fast respond and willing to share the process in easily understand words
housing loan – bank islam panel lawyer fast respond and willing to share the process in easily understand words

Standard Chartered – their lawyer also very fast and well versed.

Other banks I didn’t check because even if my loan approved by their bank, I might not take it because their officers were slow.

Check Bank Valuer Responsiveness

So far my experience Bank Islam & Standard Chartered valuers response were fast.

Bank Islam, I got appointment on the next day after I message the valuer.

housing loan - bank islam vlauer panel - fast response and get the appointment on next day
housing loan – bank islam vlauer panel – fast response and get the appointment on next day

Fastest Housing Loan Approval After I Won the Auction Property

After submission, I got housing loan approval as below.

Bank Islam – 5th January (documents submission) – 9th January  (housing loan approved)

Maybank – 5th January (documents submission) – 12th January (housing loan approved)

Public Bank -5th January (documents submission) – 12th January (housing loan approved)

Standard Chartered – 5th January (documents submission) – 18th January (housing loan approved)

Conclusion

In my case, Bank Islam was fastest even though I got better rate from Public Bank but I decided to take Bank Islam loan due to their fast response and even their lawyer and valuer were very fast.

My advice to check the bank officer because it doesn’t mean all Bank Islam officer will be fast as Bukit Jelutong branch. So better follow the steps I mentioned above to make your decision.

 

Maybank MAE – Send Money

You can send money to other users of Maybank MAE.

When you send money using MAE, the money will be credited to the receiver’s MAE account.

You can only send money to a receiver who has MAE account.

You can choose from your other maybank accounts to send money not just from your MAE eWallet.

Access Send Money from Arcade MAE-mory – How To Win

maybank mae - send money access via arcade maemory
maybank mae – send money access via arcade maemory

Click Send Money

maybank mae - send money
maybank mae – send money

You can Send Money from your Contact List and with MAE icon can receive the Fund

maybank mae - send money to contact with mae account
maybank mae – send money to contact with mae account

Error Account Not Linked If You Send Money to a Receiver without MAE account

maybank mae - error account not link if contact doesnt have mae
maybank mae – error account not link if contact doesnt have mae

 

Approve the Transaction from Maybank App

maybank mae - send money approve transaction
maybank mae – send money approve transaction

Proof of Transaction Successful

maybank mae - send money transaction successful
maybank mae – send money transaction successful

Maybank QR Pay – Arcade MAE Mory Games To Earn Cash and Vouchers

Maybank MAE QR Pay has gamification features where you can earn cash and shopping vouchers. It is called Arcade MAE mory.

To play the game, you just need to sort the items according to their category. The more correctly you sort the item the higher score you get and the more cash you can earn.

How To Access MAE-mory

1) At bottom menu of MAE application, click more

2) Then you choose Arcade MAE-mory

arcade MAE mory - game menu
arcade MAE mory – game menu

The Arcade MAE-mory Game

You need to sort the items based on their categories.

You can play as long you have accumulated at least one “Chances”.

MAE more the game
MAE more the game
MAE mory number of chances to play
MAE mory number of chances to play

Cash Earned by Playing Arcade MAE-mory

The earned cash is directly deposited into your MAE eWallet

maybank mae arcade cash reward rm10
maybank mae arcade cash reward rm10
maybank arcade mae mory - cash reward RM0-50
maybank arcade mae mory – cash reward RM0-50
maybank arcade mae mory - cash reward RM0-20
maybank arcade mae mory – cash reward RM0-20
Maybank Arcade MAE mory - caring voucher and cash from maxis
Maybank Arcade MAE mory – caring voucher and cash from maxis

How To Get More Chances to Play?

You can do below transaction to get more “Chances” to play.

MAE mory - how to get more free games
MAE mory – how to get more free games

Maybank MAE QR Pay Cashback Promotion 22 June to 22 August 2021

I got to know about MAE QR Pay when I joined Maybank AGM and Maybank gave RM50 to AGM attendees.

Previously I use a lot TNG e Wallet because they have good promo and cashback but since they are the most popular e wallet in Malaysia, TNG stop issuing much cash back.

Using Maybank MAE QR Pay cashback, I am able to get on average RM20-RM30 per month of cashback.

I use it at Speedmart, Mr DIY, McDonalds or any shops and restaurants who accept MAE QR Pay.

Maybank MAE Cashback Promotion is from 22nd June till 22nd August 2021. You can win up to RM5 per day!

You can read further the promo here

maybank mae mobile app
maybank mae mobile app

Congratulations Page if You have won cashback

The most cashback I received is RM8.00

MAE QR Pay Cashback RM8
MAE QR Pay Cashback RM8
maybank mae qr pay cash back RM5
maybank mae qr pay cash back RM5

Transactions That I have won cashback

maybank cash back mae qr pay rm1-50
maybank cash back mae qr pay rm1-50
maybank cash back mae qr pay rm2-50
maybank cash back mae qr pay rm2-50

How To Apply Online IPO (Initial Public Offering) in Malaysia via Maybank2u

You can easily apply IPO (initial public offering) via Maybank2u.

  • Login to Maybank2u
  • Select Investment
  • Click Apply now on eIPO
maybank e ipo investment - apply now
maybank e ipo investment – apply now
  • Fill in your information
  • Select IPO you want to buy
maybank e ipo - list of ipo
maybank e ipo – list of ipo
  • Fill in the number of units you want to buy (it is by 100 unit)
  • Then click submit
  • Maybank will automatically deduct your account based on amount that you buy. There is no commission fee like buying shares at Bursa Malaysia
  • If not successfully, you will get full refund
  • In my case, I failed to get CTOS IPO shares.

 

maybank e ipo - apply of 100 units
maybank e ipo – apply of 100 units

Maybank 61st Annual General Meeting Y2021

The postponed Maybank 61st AGM was conducted on 6th May 2021. This is my second time join Maybank AGM online.

Maybank was supposed to conduct their 61st AGM on 15th April but due to technical glitch they had to postpone the AGM to 6th May.

The AGM starts at 10AM and ends by 330PM

Maybank Online AGM is conducted via Boardroom.

maybank chairman tan sri zam opening remarks
maybank chairman tan sri zam opening remarks

Key Highlights FY2020 Performance

maybank financial Y2020 performance
maybank financial Y2020 performance
  • Net Operating Income increases 0.6% YOY
  • Overhead reduces by -2.7% YOY
  • Pre provision profit is RM13.52B (increase by 2.6%)
  • Provision for Credit losses increase more than 100% to RM5.07B

Macroeconomic Headwinds

maybank operating landscape
maybank operating landscape
  • Covid 19 pandemic forced border closures.
  • Result in weak global and domestic demand
  • Low interest rate environment
  • Asset qualities weakness

Dividend Payout

maybank dividend payout Y2020
maybank dividend payout Y2020
maybank dividend yield vs other banks
maybank dividend yield vs other banks
maybank capital perservation
maybank capital perservation
  • 52 sen dividend payout for Y2020
  • Maybank dividend yield is higher than other banks in Malaysia and regional banks.
  • Highest dividend payout for the past 10 years at 91.2% payout
  • Capital level is still healthy even after dividend payout

Key Responsibilities

maybank responsibilities
maybank responsibilities
  • Customers – provide financial relief
  • Employees – enabled WFH and other safety measures
  • Investors – reclassification of dividend for faster payout
  • Regulators – establish framework and guidelines for lending
  • Communities – Maybank contributed over RM20M to mercy

Moving Forward FY2020 – Digital Solutions

maybank M25 target outcomes
maybank M25 target outcomes
maybank digital journey
maybank digital journey
  • M25 – 13% – 15% ROE and more than 100 sen earning per share
  • Digital journey – SME online application, EzQ to make appointment to any Maybank branch and develop online platform for small businesses.

Corporate Social Responsibilities

maybank assisting communities
maybank assisting communities
  • Contributed RM20M to Mercy
  • Raised RM3M to assist vulnerable communities and to support Covid-19 initiative

Questions from Shareholders

maybank appointing tan sri zam who doesnt have financial background
maybank appointing tan sri zam who doesnt have financial background
  • Most questions are regarding Covid-19 impact to Maybank performance & its dividend policy.
  • Maybank CEO explained that it is hard for Maybank to gauge the impact but the dividend policy remains around 60% of net profit.
  • For all attendees of Maybank AGM will receive RM50 to their MAE for the postponed AGM and another RM50 who attended the AGM on 15th April. So who attended both AGMs will receive RM100.
  • According to Maybank, they don’t plan to reduce their branches like other global banks.
  • Maybank uses its huge database on analysis for credit risks and loan offering.
  • Another question whether Maybank plans to introduce its own bitcoins in which Maybank replies no.
  • A shareholder asks why Maybank appoints Tan Sri Zam as its chairman who doesn’t have any financial background. According to Maybank they need someone with technology background at board level to help Maybank in their digital journey.

Conclusion

Good insight on Maybank performance on the meeting and Maybank plans to do more digital solutions moving forward to mitigate Covid-19 impact.

Another good thing receive door gift of RM50 which this is my second time receiving RM50 for attending Maybank AGM.

How To Reduce Maybank Housing Loan Principal @ Prepayment

I have a housing loan with Maybank. So  I want to know how to reduce the principal. So I called Maybank call centre and according to the call centre, I need to deal directly with Maybank branch where I applied my housing loan.

If you don’t know the branch phone number you can get it from Maybank call centre.

When I call to Maybank branch where I applied my loan, the person in charge informed me the steps.

1) Transfer Extra Payment Directly to Maybank Housing Loan

  • The extra payment is parked at advance payment but the outstanding loan is still be reduced

2) Outstanding Loan will be Automatically Reduced

3) If Advance Payment is More than the monthly payment, Standing Instruction (SI) is automatically stop for next payment cycle (If you pay from SI)

4) If you want Advance Payment to be transferred directly to Loan Principal

  • Go to any Maybank branch to give instruction to transfer the advance payment.
  • It requires customer thumb print to do this thats why have to go to the branch.

Notes:

  • I called Maybank on 3rd May 2021.
  • Please verify with your branch to double confirm

How To Pay Outstanding Purchases At Maybank Stocks Online Trading Platform

Recently, I bought shares using Maybank Stocks Online Trading Platform. After purchasing the shares, I didn’t know how to pay for my purchases.

When I googled, I coudn’t find any useful help or information on how to make payment of my outstanding purchases. At the end, I had to make a call to Maybank call centre and get help.

According to Maybank, I must contact my stocks dealer to settle the payment via Maybank2u and my stock dealer informed me step by step on how to do it.

Before follow my steps, better call your dealer first. If you don’t know or remember your dealer phone number, you can contact Maybank help line (03 2297 8888) and they will provide you the dealer name and contact.

Steps to make payment on Outstanding Purchases

  1. Login to Maybank2u
  2. Select Pay & Transfer
  3. Select New Payment
  4. Select Maybank Investment Bank Berhad
  5. Enter your trading account number in “Trading Acct. No.”
  6. Enter your “Bill Reference No.”. Fill in:-
    • TRUST  – you will be transferring your money in Maybank Investment Bank account. (your trust account will be tagged with your trading account)
maybank trade oustanding pay
maybank trade oustanding pay
maybank trade - trust bill reference
maybank trade – trust bill reference
  1. Inform your dealer and share the receipt.

Remember to check that your Outstanding Purchase is cleared after the payment.

 

Maybank Housing Loan Statement

I like to keep all my housing loan statement for my reference purposes. Some banks charge a fee to get the housing loan statement.

Maybank allows you to download the loan statement from Maybank2u. You can download the loan statement since disbursement.

Steps To Download Your Housing Loan Statement

Step 1: Login to your Maybank2u and click on Loan.

maybank housing loan statement
maybank housing loan statement

Step 2: Click on View Statement at bottom of the page.

maybank housing loan statement
maybank housing loan statementn

Step 3: Select the date you want to download. The date will display since your loan disbursement.

maybank housing loan statement
maybank housing loan statement
maybank housing loan statement
maybank housing loan statement

Step 4: Then download the softcopy to your computer.