Can a non-resident borrow money to invest in Malaysian property?
According to Jones Lang Lasalle, there are no restrictions placed on non-residents who wish to purchase ringgit assets, including landed properties, and the settlement of an investment in ringgit can be undertaken either in ringgit or foreign currency. Foreign direct investors are freely allowed to repatriate their investment, including capital, profits and dividends from divestment upon conversion into foreign currency, without being subject to any levy. Consequently, many foreign investors may find it easier and more direct to bring funds from their home country – which can be kept in Malaysian accounts, as Ringgit, without restrictions on the amount.

Are foreigners eligible for mortgage loans from Malaysian banks?
Malaysia’s top three banks – Maybank, CIMB, and Public Bank Burhad – all have English websites, as do many others. Malaysian banks are generally competitive when it comes to property financing, so it is well worth shopping around to compare loans. 
HSBC and SCB typically provide finance as well.
In order to qualify for a property loan from a local bank, generally one must be either a Malaysian citizen or a permanent resident. Not all banks will lend to foreigners, however, as guidelines across institutions vary.

What documentation is required?
Specific documents required by different banks may vary, too, but in general the following will be expected:

• Pay slips covering the last three months
• Latest tax returns/receipts
• Confirmation of employment
• Bank statement covering the last three months

Loan tenure
Most foreigners eligible for property loans are able to acquire financing up to 70%, and the length of the loans can extend to 30 years or when the borrower turns 65, whichever comes first.

Source: Jones Lang Lasalle Malaysia Property Investment Guide 2015

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