Multiple banks. Different interest rates. Call it a "conflict of interest".

    Maybank CreditAble Term Loan

    The CreditAble Term Loan from Maybank is a personal loan with low interest rates and planned repayment options. You can repay the loan amount in fixed monthly instalments and choose a tenure of up to 60 months. The low interest feature lets you manage your commitments, whether it is going on a family vacation or renovating your home.

    Features and Benefits

    • You can enjoy fixed monthly instalments with low interest rate.
    • You can choose a loan tenure of up to 60 months.
    • This loan comes with a low processing fee.
    • You can take more than one term loan for each CreditAble account.
    • The requested loan amount cannot exceed 90% of your assigned credit limit under your CreditAble account.

    Interest Rates

    The table below shows the interest rates along with approximate monthly instalment amounts on a loan amount of S$9,000:

    Repayment tenure Rate of interest (p.a.) EIR (Effective Interest Rate) (p.a.) Instalment amount per month
    12 months 6% 14.45% S$795
    24 months 6.38% 13.58% S$423
    36 months 6.88% 13.77% S$302
    48 months 13.31% S$239
    60 months 12.96% S$202



    Apply for a CreditAble Term Loan of S$9,000 and above and enjoy cash credit of S$120. This promotion is limited to the first 500 applicants. You are entitled to receive only 1 gift. The cash credit will be credited to your CreditAble account within one month from application. To know more about this promotion, please read the full terms and conditions on the bank’s page.

    Fees and Charges

    Processing fee 2% of the approved loan amount
    Loan prepayment fee 3% of the remaining balance or S$200, whichever is more.
    Chequebook return fee S$40
    Stop-cheque-payment fee S$30


    • You must be a Singaporean or a Permanent Resident of Singapore.
    • You must be between the ages of 21 and 65 years.
    • You should have an annual income of at least S$30,000.

    Documents Required

    For Singaporeans:

    • A copy of your NRIC

    For a salaried individual/variable income earner:

    • Most recent CPF statement for 12 months or
    • Latest salary payslip or
    • Latest Income Tax NOA and either of the two documents mentioned above

    For a self-employed/commissioned individual:

    • Income Tax NOA for the last 2 years.

    How to Apply

    To apply for this loan, you can do either of the following:

    • You can go to the bank’s website and apply online.
    • You can visit the nearest branch.


    Q. How will the monthly instalment get debited from my account?

    A. Your monthly instalment amount will be debited from your CreditAble account on a set statement date. If the date falls on a public holiday, then the amount will be deducted on the next working day.

    Q. How is the interest calculated on the term loan?

    A. The interest on this loan is calculated on a flat rate and is fixed for the complete tenure of each loan.

    Q. What will happen if I default on the minimum payment for a month?

    A. If you fail to pay the minimum amount within the due date, then a late payment fee will be charged by the bank at the prevailing rate.

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