Makeover Flexi Loan Helps Homebuyers Finance Purchases and Renovations

Homebuyers will be able to finance a property purchase and its renovation under one facility through a new partnership between interior design company The Makeover Guys and RHB Bank Berhad.

The Makeover Flexi Loan combines a single Full Flexi financing arrangement with funding for the home, renovation work, reducing-balance mortgage insurance and legal and documentation costs. Eligible customers can receive financing of up to 120% of the property’s total value. That includes up to 90% for the property purchase and an additional 30% for the other approved expenses.

The Makeover Guys founder and chief executive Gavin Liew said buyers often struggle to cover renovation costs after receiving their keys. “Home renovation usually costs between RM50,000 and RM150,000, depending on the type of property, and many buyers are not prepared for that additional expense immediately,” he said.

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Home renovation usually costs between RM50,000 and RM150,000, depending on the type of property, and many buyers are not prepared for that additional expense immediately.

Some owners therefore delay moving into their new homes or renovate in stages, Liew said. The new facility is intended to let them plan the purchase and renovation together from the start. RHB’s head of community banking group consumer financing, Sien Vee Loc, said the product links property financing with renovation services that buyers previously arranged separately.

Residential property accounted for 58.8% of Malaysia’s property transactions in the first quarter of 2026, involving nearly 53,000 transactions worth more than RM22 billion, according to market data cited in the report. Malaysia’s residential renovation and improvement market, valued at RM47.7 billion in 2024, is projected to reach RM59.2 billion by 2029.

Under the new facility, renovation funds will be released in stages based on contractors’ progress. Financing can run for up to 35 years or until the borrower reaches age 70, whichever comes first. Customers can also access The Makeover Guys’ interior design services, including consultations, customised design and project management.

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The housing market is seeing growing demand from buyers who want comprehensive financing solutions.