The Maybank personal loan plan is offered to Malaysians serving the public, private sector, self-employed as well as retirees. Maybank’s personal financing is easy to borrow and does not require complicated documents.
As this is a conventional personal loan, Maybank offers floating interest rates for these loans. Interest rates range from 8% p.a to as low as 6.5% p.a. The interest rate offered depends on the amount of loan passed.
Read more about Maybank’s personal financing and how you can apply online without having to walk into any of the Malayan Banking Berhad branches.
- Types of Conventional Loans (Unsecured)
- Financing amount RM5000 to RM100000
- Financing Period 48 Months to 72 Months
- Interest Rate 6.5% p.a to 8% p.a
- Retirement Sector / Private Employment / Government Employees / GLC Employees / Self Employed
- Gross Salary Eligibility is RM2500 per month or RM30000 per year
- Age limit is 21 to 60 years
- Interesting Features Quick Results, Debt Consolidation
- 48-Hour Approval Period
- Easy to apply – Maybank offers this loan to all Malaysian citizens between the ages of 21 and 60 regardless of job type. No matter if you are a government, private, GLC, self-employed or retiree – you can apply for a Maybank Personal Loan.
- Quick decision – You only have to wait 48 hours to get the results of your application. Among the conventional personal loans in Malaysia with fast pass rates.
- Flexible loan amount – Maybank Personal Loan offers loans ranging from RM5,000 to RM100,000.
- Flexible financing term – You can choose to repay your loan within 2 to 6 years.
- Low interest rate – Maybank Personal Loan interest rate is among the lowest for conventional personal financing in Malaysia, as low as 6.5% p.a.
- No processing charge – Maybank does not charge any processing charges if your loan is approved.
- No stamp duty charge – Other than the process charge, no stamp duty charge will be charged if your loan is approved.
Eligibility Requirements to Apply
General eligibility requirements
- From 21 to 60 years old.
- Earn a minimum of RM2500 a month, or RM30,000 a year.
- Not listed by any Financial Institution in Malaysia (Bank / Cooperative / AEON).
- Has no account under Special Attention Account (SAA).
- Not under the supervision of the Credit Counseling and Management Agency (AKPK).
- Requirements for government employees
- Job status is fixed.
- Requirements for private staff and GLCs
- Has worked for over 6 months with the same company.
- Have a minimum EPF contribution of 6 months contribution.
- For the self-employed
- Have a company registered with the Companies Commission of Malaysia (SSM) for a minimum of one year.
Documents for Government / Private / GLC Staff
A copy of the front and back ID (MyKAD).
Copy of 3 month pay slip.
A 6-month copy of the bank’s income statement (salary credited by the company to the account).
The latest BE form with tax payment receipt.
Documents for the Self-Employed
- A copy of the front and back ID (MyKAD).
- Copy of Company Registration Certificate.
- A 6-month copy of the company’s bank statement.
- Form BE or e-Form BE with tax payment receipt.