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.
Maybank is a multinational bank across Malaysia, Singapore, Indonesia and The Philippines with 300+ Branches and 300+ ATMs. They offer 17 different Credit Cards, 1 Personal Loan and 4 Mortgages.
The go-to personal loan for your needs and goals in life.
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.
No, it is not required.
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.
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.
Takaful protection is optional for the financing. It will cover your outstanding financing during the tenure in the event of unfortunate incidents.
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.
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.
No guarantor or collaterals are required for this financing.