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    Maybank Personal Loan

    We found 0 Maybank Personal Loan

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    Maybank Personal Loan

    Personal Loan BYTES FROM OUR KITCHEN

    Maybank Personal Loan

    Desires and surprises have one thing in common - they come unannounced. In situations where you cannot wait for money to pile up, a personal loan can come in handy. Be it a sudden medical expense or the exotic vacation that you’ve always wanted to go, funds from a personal loan can be used for virtually any purpose. You can count on Maybank to provide you with the financial assistance that you require through a range of financial products and services. Despite the fact that the bank does not offer any personal loan products in Singapore, it does offer a personal line of credit that can provide you with access to instant cash.

    Maybank CreditAble comes with a line of benefits like competitive interest rates, flexible tenures and unparalleled customer support.


    You’re probably eligible for a Maybank Personal Loan if you are

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    Maybank Personal Loan Minimum Age

    Atleast 21 years

     Maybank Personal LoanMaximum Age

    Less than 65 Years

     Maybank Personal Loan Eligible Employment Type

    Salaried or self-employed with regular income

     Maybank Personal Loan Minimum Income

    Earn more than the minimum income required


    Your Maybank Personal Loan amount eligibility is based on these factors

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     Maybank Personal Loan Minimum Salary

    Minimum income required S$30,000 per annum

    Maybank Personal Loan Maximum Loan Funded

    Max Loan amount - up to 4X your monthly income

     Maybank Personal Loan EMI

    EMIs of other loans lower your eligibility


    Increase your eligible Maybank Personal Loan amount by these steps

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     Maybank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

     Maybank Personal Loan Tenure

    Choose longer tenure loan


    Documentation needed to apply for an Maybank Personal Loan

    • 1.Photocopy of NRIC
    • 2. Salaried Employee
      • Latest Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 3. Variable Income/Commission Based Earner
      • Latest 6 months Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 4. Self-Employed
      • Income Tax Notices of Assessment (NOA) for past 2 years
    • 5.Any other documents as may be requested by the Bank at its sole discretion

    Maybank Personal Loan DetailsUpdated on 27 Apr 2017

    Maybank Personal Loan Details
    Interest Rate 19.8% p.a
    Minimum Income S$30,000 pa
    Max Loan Amount up to 4 times your monthly income
    Annual fee S$80 (2-year fee waiver)
    Guarantor Requirement No guarantee required

    About Maybank CreditAble (Personal Line of Credit) Singapore

    Malayan Banking Berhad (trading by the name Maybank) is the biggest bank and fiscal group in Malaysia with a countrywide network of over 400 branches, with substantial banking operations in Indonesia, the Philippines and Singapore. In 2014, Maybank was ranked 326 in the Forbes Global 2000 Leading Firms list.

    The bank has 22 offices functioning in Singapore offering a wide variety of banking and financial products and services such as loans, savings accounts, insurances, etc. If you are looking for a suitable personal loan, Maybank will help you take that extra step towards fulfilling your dreams be it an international holiday or buying that swanky furniture. Maybank CreditAble (Personal Line of Credit) will duly assist your financial needs and ensure that you are well-prepared to face any financially demanding situation.

    Why choose Maybank CreditAble?

    One of the most sought after product in the Singaporean financial market, Maybank personal line of credit, known as CreditAble, offers a lot of benefits for the borrower. Needless to say, Maybank personal loan empowers the borrower financially in the event of any unprecedented expense.

    Features and Benefits of Maybank CreditAble

    • Maybank offers a host of benefits when it comes to personal loans that makes it one of the most popular product in the personal banking portfolio.
    • CreditAble works somewhat like a credit card. It gives you a standby facility which allows you to pay interest only for the amount you use rather than on the whole principal loan amount.
    • It also has an annual fee of S$80, which is waived for the first two years.
    • Get personal credit of up to 4 times your monthly salary at competitive interest rates.
    • Flexible repayment tenures allows you to make a payment of any amount, anytime. You can repay as low as 3% of your outstanding balance. The minimum amount you can repay per month is S$30.
    • Simple application procedure and minimal documentation requirements.
    • Access your account through phone and internet banking to monitor the repayments and accounts anytime from the comfort of your home.
    • You can transfer funds from CreditAble to any Visa card overseas with Maybank Visa Money Transfer.
    • CreditAble comes with a complimentary chequebook or ATM card.
    • You will also be eligible for attractive promotional interest rates with CreditAble Term Loan or Fund Transfer.
    • To be eligible for a Maybank CreditAble (Personal Line of Credit), you need to fulfil the following criteria.
    • You should be between the ages of 21 and 65.
    • You should be a Singapore citizen or a permanent resident
    • You need to show a minimum income of S$30,000 p.a.

    To avail of a Maybank personal loan, you will need to submit the following documents.

    Fully salaried or salaried employees (with commission of 20% or below)

    • NRIC photocopy
    • Latest computerised salary slip
    • Last 12 months CPF contribution history statement
    • Or the latest income tax notice of Assessment.

    Salaried employees (with commission above 20%)

    • NRIC photocopy
    • Last 3 months’ computerised salary slip
    • Or Last 12 months CPF contribution history statement

    Self-employed / Fully Commissioned / Freelance and Part-time individuals

    • NRIC photocopy
    • Last 2 years' Income Tax Notice of Assessment
    • Maybank offers an interest rate of 9% p.a. for the first year. This is a promotional offer and the interest rate will be 19.8% in subsequent years.
    • Interest is calculated based on your daily outstanding balance. A minimum of S$5 is charged as interest. The total interest payable will be shown in your Statement of Account.

    Maybank constantly runs promotional offers for personal loan customers. Get freebies or vouchers and passes to top attractions around you. You also stand a chance to win monetary prizes in the CreditAble Monthly Lucky Draw. For every $100 spent from your CreditAble account, you get 1 chance at the lucky draw that takes place every month.

    The other financial products offered by Maybank Singapore are as follows.

    1. How do I withdraw the loan amount?
    2. You can withdraw the loan to your requirements by issuing cheques or withdrawing cash using the Maybank Platinum Debit Card issued to you. You can also visit any Maybank Singapore branch and link your existing Maybank ATM card to your loan account.

    3. Can I use the ATM card worldwide?
    4. No, the ATM card can be used only in Singapore, Malaysia, Brunei and the Philippines.

    5. How do I repay the loan?
      • You can repay the loan through cash payments at any of the Maybank Singapore Branches.
      • You can send in a crossed cheque made to “Maybank Creditable A/c: followed by your account number”.
      • You can pay through the fund transfer service at Maybank ATMs
      • You can deposit cash in the cash deposit machines at Maybank branches.
      • You can make payments through online banking.
    6. How much will I have to pay monthly?
    7. Every month, you can choose how much you want to repay subject to a minimum payment of S$30 or 3% of the outstanding balance, whichever is higher.

    8. Will I be charged for issuing Maybank CreditAble cheques?
    9. No, the cheques are free of charge. For cheques that are returned, the fee is S$40. And if in case you instruct the bank to stop a cheque payment, the fee is S$30. Ensure that you do not issue cheques above your outstanding credit limit.

    10. How is interest calculated?
    11. Interest is calculated on a daily basis on the outstanding balance you have at the end of each day. Further, any outstanding balance you have which is reflected in your statement will accrue interest on a daily basis until the payment is received.

    News About Maybank Personal Loan

    • Maybank keeps DBS at “sell” with twenty one percent lower target price

      The “sell” is being maintained on the Development Bank of Singapore (DBS) by Maybank Kim Eng. However, the target price is being cut by twenty one percent to $ 12.68.

      The sharp retracement in recent times has a valuation that is compressed but the capital markets are still distrustful. Also, the aversion of the risk factor is pretty high. This was told by Ng Li Hiang, a financial analyst. The capital markets will be worried about the quality of the asset along with provision adequacy. This is regardless of the total amount that is required for the impairment charges, provided for and taken.

      23rd February 2016

    • Maybank CreditAble Term Loan Promotion

      Runtime – This is an ongoing promotion that started on August 17th, 2015 and valid until the bank decides otherwise.

      Particulars – When you apply for Maybank’s CreditAble Term Loan for a minimum amount of SGD 8000, you will receive an Arbutus Automatic Watch that is worth SGD 369.

      Terms and Conditions

        • CreditAble Term Loan Applicants are only eligible for one gift under this promotion irrespective on the number of approved term loan applications.

        • The complete cost of the gift will be charged to the customer’s CreditAble Term Loan if the loan amount is prepaid or terminated at any point in time during the approved tenure period.

        • For further details on the promotion or more information on the terms and conditions, please contact Maybank or visit their website.

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