Maybank Personal Loan

Maybank Berhad, or Malayan Banking, is the largest bank in Malaysia and it is also recognized by Forbes Global as one of the top 500 companies in the world. Read more Show less

No messages to display, you can click continue or back.
Back
Continue

Compare Personal Loans by Maybank Malaysia

About the loan

Loading...

Maybank Personal Loan

The go-to personal loan for your needs and goals in life.

Features & Benefits

  • Fixed monthly instalments from as low as RM102.78
  • Loan amount:
    • Minimum: RM5,000
    • Maximum: RM100,000
  • Tenure:
    • Minimum: 2 years
    • Maximum: 6 years
  • Fast Approval
  • Personal Care Insurance Protection
  • No guarantor or collaterals required

Interest Rates

  • RM5,000 – RM20,000: 8% p.a.
  • RM20,001 – RM50,000: 7% p.a.
  • RM50,001 – RM100,000: 6.5% p.a.

Fees and Charges

  • No processing/stamping fees
  • Late Payment Charge: 1% p.a. on the amount in arrears calculated from overdue date until date of full monthly payment
  • Early Settlement Fee: RM200 or 3% of outstanding balance (whichever higher), applicable for first half of tenure only

Documents Required

  • Application form
  • Copy of NRIC (both sides)
  • Latest 1-month payslip OR Latest EA form OR Latest BE form with official tax receipt OR Latest 6-month bank statements

If self-employed:

  • Copy of NRIC (both sides)
  • Business Registration
  • Latest B form with tax receipt OR Latest 6-month bank statements

Maybank Islamic Personal Financing-i (MIPF-i)

Features and Benefits

  • Fixed monthly instalment fromas low as RM102.78
  • Financing amount:
    • Minimum: RM5,000
    • Maximum: RM100,000
  • Tenure:
    • Minimum: 2 years
    • Maximum: 6 years
  • Fast Approval

Profit Rate

  • RM5,000 to RM20,000: 8% p.a.
  • RM20,001 to RM50,000: 7% p.a.
  • RM50,001 to RM100,000: 6.5% p.a.

Fees and Charges

  • No processing/stamping fee
  • Late Payment Charge: 1% p.a. on the amount in arrears, calculated from overdue date until date of full monthly payment
  • No Early Settlement Fee

Documents Required

  • Application form
  • Copy of NRIC (both sides)
  • Latest 1-month payslip OR Latest EA form OR Latest BE form with official tax receipt OR Latest 6-month bank statements

If self-employed:

  • Copy of NRIC (both sides)
  • Business Registration
  • Latest B form with tax receipt OR Latest 6-month bank statements

Maybank Profile

  • Maybank (Malayan Banking Berhad) is Malaysia’s most valuable and largest bank.
  • The bank mainly operates in the South-East Asian region, focusing on countries such as Singapore and Indonesia, aside from Malaysia, where they are headquartered.
  • Maybank provides a vast range of banking and financial products and services, such as credit cards and personal loans.
  • Maybank Berhad was established in 1960 and it is now the largest bank in Malaysia and among the top 5 banks in Southeast Asia.
  • It is the leading player in the Malaysian Banking sector with excellent services as well as innovative products including both commercial banking and corporate banking.
  • Maybank offers many types of personal loans that are suitable to different customers' preferences.
  • Its most favourable rewards programme is known as TreatsPoints, which offers many features and privileges. 
  • Enjoy more benefits by applying for your Maybank credit cards today!

Is there insurance for the personal loan?

You have the option to take insurance coverage for your loan. It will cover your outstanding payments during the loan tenure should anything unfortunate happen.

Do I need a guarantor or collateral?

No, it is not required.

What if I cannot pay on time?

You will be imposed a Late Payment Charge which is 1% p.a. calculated on your overdue amount from the overdue date until the date of full payment, OR any credit balance in your account with Maybank will be used to settle the outstanding balance of the personal loan.

Can I settle the loan before end of the tenure?

Yes, you can, but you will be charged an Early Settlement Fee of RM200 or 3% of your outstanding balance eon the loan amount (whichever high). Only applicable within the first  half of the loan tenure.

Must I take Takaful protection for this financing?

Takaful protection is optional for the financing. It will cover your outstanding financing during the tenure in the event of unfortunate incidents.

What if I fail to make payments on time?

You will be imposed a Late Payment Charge of 1% p.a. on your overdue payment for late payments made before financing maturity.

If you fail to make payment upon maturity of the financing, you will be imposed a Late Payment Charge that is the overnight Islamic Interbank Money Market rate on the outstanding balance.

Alternatively, the bank can use any credit balance in accounts you may have with them to settle the overdue amount of your financing.

Can I have early settlement of this financing?

Yes, you can. There will be no Early Settlement Fee. You will be given a rebate (Ibra’) that is reflected in the reduction of the amount payable.

Are there guarantors or collaterals required?

No guarantor or collaterals are required for this financing.