KUALA LUMPUR (June 27): Tropicana Corp Bhd (KL:TROP) has partnered with Malayan Banking Bhd (KL:MAYBANK) to provide home financing solutions to Tropicana homeowners under the Maybank MyDeco Financing scheme.

In a media statement on Thursday, the developer said the scheme provides homeowners with the flexibility to integrate Maybank MyDeco Financing with their existing Maybank housing loan with an additional 30% margin of finance or up to a combined total of 120% of property value or a maximum of RM250,000 — whichever is lower, with a financing tenure of up to 10 years. Also, the effective interest or profit rate is as low as 4.4% per annum.

This facility is available as a conventional loan or Islamic financing for existing Maybank and Maybank Islamic Home Financing customers.

“With the current economic landscape, we acknowledge the challenges faced by property purchasers wanting to own their dream home without compromising their financial freedom. Partnering with Maybank MyDeco is the perfect fit for us as it provides a good financial stretch to our buyers,” said Tropicana Corp managing director, marketing and sales/business development Ixora Ang in the media statement.

She added that the financing scheme provides liquidity for potential Tropicana homeowners to fund their desired interior design, furnishing, fittings,  aesthetics, decorations and more.

Meanwhile, Tropicana Corp is also currently running its FL45H Deals campaign with RM4.5 million worth of bonus rewards. Five developments are involved — Tropicana Alam, Tropicana Metropark, Tropicana Gardens, Tropicana WindCity and Tropicana Aman. According to the statement, potential buyers will enjoy 100% financing and home financing solutions and legal fees will be complimentary. Other rewards include SPA signing incentives valued at more than RM45,000, 450 pieces of 24k gold coins to be iven away and absorption of stamp duty by the developer.