- Interest Rate
- You Pay
- ₱ /mth
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1.1% add-on per month for employed borrowers and 1.3% for self-employed borrowers.
Borrow any amount from ₱50,000 to ₱1,000,000.
Flexible terms from 12 to 36 months.
|Min. Financing Amount||₱50,000.00|
|Max. Financing Amount||Up to ₱1,000,000.00|
|Min. Loan Tenure||1 year|
|Max. Loan Tenure||3 years|
|Interest Rate||Fixed interest rate starting at 1.30% per month for employed / self - employed|
|Approval Duration||Up to 5-10 working days|
|One time set up|
|Stamp Duty||₱1.00 for every ₱200.00 in excess of ₱250,000.00 of the loan amount|
|Disbursement & misc. fee||N/A|
|Early Settlement||None if you have inform the bank one month ahead.|
|Late Payment Charges||5.00% p.a. on any balance outstanding|
|Age requirement||Age 23 - 55|
|Employment eligibility||At least ₱25,000.00 monthly income for employed or ₱200,000 for self-employed|
|Min. salary requirement||₱25,000 gross per month|
|Guarantor / Collateral requirement||No|
|Need to open linked bank account?||Yes|
|Other details||Method of Payment - Cash, Online banking, Check or ATM Transfers|
Malayan Banking Berhad or Maybank is a universal bank originating from Malaysia that operates in multiple ASEAN countries one of which is the Philippines. A Brand Finance report in 2020 acknowledges Maybank as Malaysia's most valuable bank brand, fourth in ASEAN and 72nd in the world. As one of the largest banks in Southeast Asia, rest assured that the product quality and level of customer service will reflect the same performance as compared to other regions. A Maybank Personal Loan is available to those who are in need of immediate funds and can be availed if you have a monthly gross income of at least ₱25,000 and between 23 to 55 years of age. You can borrow loan amounts ranging from ₱50,000 to ₱1,000,000 which can be approved within 5 - 10 working days and payable from as early as 12 up to 36 months. Interest rate is 15.6% per annum, with fixed interest rate starting from 1.3% per month.
Advantages Of Applying With Maybank Personal Loan
To find out if this product is what you are looking for, check out the product details and eligibility requirements available on this page.
You can apply for a Maybank Personal Loan by conveniently using and filling out our online application form. Once your application is successful, our friendly Customer Care Agent will reach out to assist you with the process.
Yes, Maybank personal loan application can be done online through their portal or through our online application form as previously mentioned if you need immediate assistance.
With a Maybank Personal Loan, borrow as much as ₱1,000,000, subject to approval.
An applicant must fulfill Maybank’s eligibility criteria for a loan:
After filling out an application form and opening a Maybank account, the following documents are necessary:
Fully Employed applicants need:
Self-Employed applicants need:
*Additional documents may be required during credit evaluation.
Maybank Personal Loan has a fixed interest rate starting at 1.30% per month for employed / self - employed. A processing fee that would range between ₱2,000.00 to ₱3,000.00 depending on your region. There is also a stamp duty fee of ₱1.00 for every ₱200.00 in excess of ₱250,000.00 of the loan amount. For late payment, an interest of 5.00% p.a. on any balance outstanding is incurred. No penalties for early settlement if you informed the bank one month ahead.
The Maybank Personal Loan calculator computes the estimated cost of borrowing and amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.
Maybank Personal Loan application and approval can take up to 5-10 business days.
You can pay your personal loan over the counter with cash, online banking, check or ATM Transfers.
You will receive your loan through the account you created with the Maybank.
You will receive communication from one of their representatives about the status of your application or you can reach out through the following methods:
There is a late payment penalty of 5% of the outstanding balance however as per the Bayanihan Act, payment extensions can be applied to an existing loan for clients nationwide. The late payment penalty as well as other fees and charges are also waived.
Yes. Early loan settlement is allowed and shall incur no additional charges if the bank has been informed one month ahead.
Here you can download the Maybank Personal Loan application form.
Choosing one of the top banks in Asia as a financial partner is a smart decision if what you are after is guaranteed high level of service and a wide range of innovative, efficient, financial products for your all around banking needs. Backing you up is a financial provider that is present in multiple ASEAN countries with a reputable performance, bringing their expertise across the region. Having this in mind, if reliability, security, and peace of mind with regards to all of your finance-related requirements is what you are looking for, then Maybank Personal Loan would be the right choice for you.
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