Having access to additional funds is one of the most helpful things you can come across, especially if you need money. With that, getting a loan can be the best option for you. However, you want to make sure that you borrow from a trustworthy lender.
One great choice is to take out a loan from a reputable bank such as Maybank. With various financial assistance products, you can rest assured that Maybank has your needs covered while offering dependable financial support.
Maybank offers a convenient way to apply for its loans. Want to know how you can get one without hassle? Here’s what you need to know.
Maybank Loan Features And Benefits
This bank offers various loans for different needs. You can rely on Maybank for all kinds of purposes, whether you need additional funds to get a brand-new car, to acquire a home, or simply to fund personal expenses.
For varying purposes such as for your child’s education, vacation or an appliance purchase, the bank’s personal loan is a great example of what the bank’s loans have to offer. This offer lets you get the funds you need to pursue what you want.
The best thing about this option is that you do not need to place any of your valuables against the loan. This means that you do not have to use your precious possessions as collateral.
Getting A Maybank Loan Online
Applying for a Maybank loan is easy, especially as you can do so online. However, you must be eligible to apply. One of the first requirements for a personal loan is that you must be at least 23 years old. However, you must be no older than 65 upon the loan’s maturity.
You must also provide proof of your Filipino citizenship, address, and income. For employed individuals, you must have been with your current employer for at least two years with a minimum basic salary of ₱25,000.
You must also be employed in one of the top 7,000 companies in the country.
Self-employed individuals must be working in the same profession or business for no less than five years. You must also have at least two continuously profitable years. The business must have an average monthly income of ₱200,000.
The bank requires various documents including an accomplished application form, as well as copies of two valid IDs, your last credit card bill statement, and the latest utility bill statement at your address.
An original certificate of employment with compensation and a copy of your last income tax return is required for employed people.
Self-employed borrowers need an SEC/DTI certificate of registration, ITR, two years of financial and bank statements, and a list of three suppliers and customers.
Rates And Charges
For the personal loan, you will need to pay a processing fee of ₱2,000. You will also need to pay for the documentary stamp tax and credit life insurance if applicable. Employed and self-employed individuals can get an add-on rate of 1.3% per month.
Taking out a loan from Maybank is easy. To know more, get in touch with the bank at (+632) 7739-1620 or email them at firstname.lastname@example.org.
You can also visit their main office at Roxas Boulevard Corner P. Ocampo Street, Manila, Philippines.
If you think this loan is right for you, apply on the bank’s website today. Otherwise, feel free to keep shopping around for the right loan. Remember, it is important to compare rates.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.