Maybank offers different kinds of personal loan products in Singapore. You can meet your financial requirements by taking any one of these loans depending on your preferences and financial situation.
Let us take a look at some of the personal loan products offered by Maybank:
Maybank CreditAble Term Loan will give you funds for your needs and will enable you to make planned repayments at low interest rates. This personal loan is an installment loan option. You can repay your full loan in fixed installments on a monthly basis. This loan product has a tenure of 60 months.
Let us discuss the interest rates for this personal loan product:
|Loan tenure||Interest rate (p.a.)||Effective interest rate (p.a.)|
If you do not pay your monthly interest charges completely, your effective interest rates may get compounded.
Maybank CreditAble is a personal credit line. You will get credit line funds of up to 4 times your monthly salary. You will also get an ATM card and a free chequebook with this personal loan product. You can choose from both fixed and flexible repayments.
The interest rate for Maybank CreditAble is 19.8% p.a.
You can enjoy a low promotional interest rate of 9% p.a. for the first year of your loan.
This personal loan product offered by Maybank will enable you to move money from your Maybank CreditAble to your credit line or savings account or current account of some other bank. You can enjoy cash savings of up to 92%.
You can enjoy 0% interest for a period of 6 months. This is the promotional rate for the initial period of your fund transfer programme.
How to apply?
You can apply for any of these personal loans by installing the Maybank SG app on your smartphone. You can fill a loan application form and mail it back to the Maybank office. You can also apply on the official website of the bank or by visiting your nearest Maybank branch.