Secure Your Finances With Easy Repayments
When personal finances become unbalanced and askew, one of the ways to bring back symmetry to them, is to improve the cash flow. Unless you get a new job that pays better, there will usually be only one alternative. Get a personal loan ! However, getting the right loan is as important as the idea of getting a personal loan. A loan from Maybank can be one of the options that you may want to consider. Whether you want to borrow on your Maybank card or start a new line of credit to counter your financial emergencies, you may enjoy convenience, low interest rates, and personalised services. A funds transfer scheme, an instalment loan scheme, and a debt consolidation plan are the other options available.
|Loan||Interest rate||Loan amount||Tenure||Processing fee|
|CreditAble - Personal Line of Credit||9% p.a. for the first year||4x your monthly income||-||-|
|Maybank CreditAble Fund Transfer||19.8% (first 6 months may be free of interest
if account is held in good standing)
|Maybank FlexiCash instalment loan||starts from 5.88% p.a.||80% of the your credit limit||1 or 2 years||No|
|Maybank CreditAble Term Loan||6% p.a.||90% of the credit limit||1 to 5 years||2%|
|Maybank Debt Consolidation Plan (DCP)||starts from 4.2% p.a.||-||Upto 10 years||-|
|Nationality||Singapore citizen or PR|
|Age||21 – 65 Years|
Here are the list of Maybank personal loans with interest rates
|Name of Loan Product||Flat Interest Rate||Effective Interest Rate|
|Maybank FlexiCash||Between 5.88% p.a. and 6.88% p.a.||Between 10.68% p.a. and 12.70% p.a.|
|Maybank CreditAble (Line of Credit)||Interest applicable only on the amount utilised||Promotional interest rate of 9% p.a. for the first year; 19.80% p.a. thereafter|
|Maybank CreditAble Term Loan||Between 6.00% p.a. and 6.88% p.a.||Between 12.96% p.a. and 14.45% p.a.|
|Maybank Fund Transfer||Starts from 0% p.a.||Between 2.96% p.a. and 4.99% p.a., subject to good financial standing|
|Maybank Debt Consolidation Plan||Starts from 4.20% p.a.||Starts from 7.64% p.a.|
In general, the following fees and charges may be levied on your loan:
In addition, the following fees may be imposed on your card:
You may have to submit the following for a successful processing of your application:
Some Maybank loans may require additional documents. Please check the specific pages for relevant information on the same.
You will get a cash credit of S$120 if your minimum loan amount is S$9,000. This cash credit is only available for the initial 500 applicants for the CreditAble Term Loan. Even if you have been successful in applying for this loan more than once, you will be able to redeem this offer just one time. The funds will be credited to eligible customers a month after their application has been successfully submitted.
Find out how much you would have to pay back on a personal loan for 12 to 60 months based on a loan amount of S$9,000:
|Loan duration in months||Processing charge||Rate of interest(per year)||Effective interest rate (per year)||Monthly repayment amount|
Note: The figures in the above table are given for illustrative purposes only. For the actual numbers, get in touch with the bank.
If you have queries about this loan, you can contact the bank using an online form on their official website.
You also have the option to call the bank on their 24-hour hotline:
Local customers dial: 1800-629 2265
Overseas customers dial: (65) 6533 5229
You may be able to use the following channels to submit your application:
A personal loan from Maybank can offer you financial assistance whether it is a question of a simple purchase/investment or it is about debt consolidation to reduce your interest burden. Try a Maybank loan yourself before you draw a conclusion on its effectiveness or lack thereof.