Maybank became a fully licensed commercial bank in Singapore in the year 1960. After opening its very first branch at South Bridge Road, it has since expanded exponentially in terms of its reach as well the services offered. Today, Maybank has a network of over 25 service locations to meet every banking need of its customer by providing customizable solutions to the financial needs and banking products through a dedicated team of customer service. Maybank has a total of 22 branches in Singapore and more than 35 ATMs, located at both, the business districts as well as the suburban estates. Maybank functions as a QFB or Qualifying Full Bank in Singapore. It has achieved this position by harnessing the latest technology in order to increase the effectiveness of its network where their customers can conduct their banking transactions at any point of time and anywhere in the world through the traditional as well as the electronic channels.
All Principal as well as Supplementary Card members of Maybank are eligible to apply for Cash Advance. You can apply for this facility through the following ways –
You can visit your nearest Maybank Bank Branch and make a cash withdrawal.
FlexiCash is an installment loan that you can take on your Maybank Credit Card. This facility allows you to access extra cash at very low interest rate structures. You can avail extra cash using FlexiCash whether it is to plan your dream wedding, a long and overdue vacation, home renovation or any other emergency for which you need fast cash.
Minimum loan amount of SGD 2000 –
|Loan Tenure||Interest Rate Structure||Effective Interest Rate||Processing Fee|
|12 Months||5.88% per annum||10.68% per annum||NIL|
|24 Months||6.88% per annum||12.70% per annum||NIL|
Your savings with FlexiCash
Loan amount of SGD 8000 –
|Options||Option A||Option B|
|Tenure||12 months||24 months|
|Monthly interest on other credit cards/lines of credit at 24% per annum||SGD 160||SGD 160|
|Monthly interest charged on Maybank FlexiCash||SGD 39.20||SGD 45.87|
|Your Savings||SGD 120.80 OR 75%||SGD 114.13 OR 71%|
Apart from easy and convenient access to cash using one of the loans on your Credit Card, you can even opt for installment loans when you make purchases using your Maybank Credit Card.
You can convert purchases made using your Maybank Credit Card into low interest installment plan even at outlets that do not accept credit cards. You can convert your purchases of minimum SGD 300 into 6, 12 or 24 months repayment options.
You can convert purchases made at select luxury branded boutiques into interest free installments of 3 or 6 months using PoshEzyPay. To avail this payment option, you need to make a minimum purchase of SGD 500.
EzyPay offers the maximum financial flexibility where you can spread your repayments over loan tenures of – 6, 12, 18, 24 or 36 months when you make purchases at Maybank’s participating merchant outlets with 0% installment payment plans.
The Dial-A-Service is a new service introduced by Maybank which an emergency cash service that allows any Maybank Principal Card member to make a transfer of funds via phone from their credit card account to any other bank account that is maintained in Singapore.
If you have made the transfer before 4 PM on any weekday (Monday – Friday), the transfer amount will be immediately reflected in your bank account. If the transfer has been made on weekends (Saturday – Sunday) and on Public Holidays, the transfer amount will reflect in your bank account the following business day.
You need to apply for a FlexiCash loan amount of minimum SGD 2000 to enjoy FlexiCash loan at promotional interest rates.
Upon approval of your FlexiCash loan, the amount will be transferred into your nominated bank account within 3 business days.
No. The bank account that you nominate for the transfer must not a Maybank account and it must belong to the Principal Cardmember.