Malayan Banking Berhad is the largest bank and financial group in Malaysia, with significant banking operations in Singapore, Indonesia and the Philippines. The bank also has large interests in Islamic banking through Maybank Islamic Berhad and insurance via its Etiqa subsidiary. Maybank is the largest bank in Malaysia with 401 domestic branches.
Maybank offers loan such as Maybank Personal Loan with a theme “Live a Brighter Life”.
Customers can apply for a loan based on their preference with Maybank using the quick application process which ensures hassle free, fast approval and no guarantor or collaterals required. To apply for a Maybank financing, you will just need to provide a fixed monthly installment. Customers can apply for loan amount of minimum RM5,000 to a maximum of RM100,000.Repayment period for the loan is minimum of 2 years or a maximum tenure 6 years.
Interest Rates:
- Loan amount RM5,000 to RM20,000 (8% per annum fixed rate)
- Loan amount RM20,001 to RM50,000 (7% per annum fixed rate)
- Loan amount RM50,001 to RM100,000 (6.5% per annum fixed rate)
Customers who are eligible for the loan will enjoy benefits such as:
- Monthly repayment as low as RM102.78 per month for Basic Loan (depending on the loan amount and repayment period)
- No documents stamping
- No processing fee
- Fast Approval
- Personal Care Insurance Protection
Customers must fit in the criteria to be eligible for the personal loan:
- Individual Malaysian Citizen aged between 21 to 60 years old
- Minimum income of RM30,000 per annum
Customers need to provide the bankers with the updated documents for loan application:
Employed customers:
- Copy of NRIC (both sides)
- Latest BE form with official tax receipt
- Latest 3 months’ salary slips
- Latest 6 months’ savings account activity/current account statements
Self-employed customers:
- Copy of NRIC (both sides)
- Latest BE Form with official tax receipt
- Copies of Business Registration
- Latest 6 months’ Bank Statements
Please also take note of the additional fees & charges for loan application:
- No processing fees or stamping fees
- Late payment Charges: 1%p.a on the amount in arrears, calculated from overdue date till date of full monthly payment
- Early settlement fees: RM200 or a sum equivalent to 3% of the outstanding balance of the loan whichever is higher, only is settled within first half of the tenure
Customers who apply for financing will be briefed on the monthly repayment table to enable customers to plan their repayment well.
Repayment Table
Sources: