When looking for a personal loan its important to understand the monthly instalments and the loan tenure, below you will find an examine to help guide you through this process.
If you are looking for a personal loan over a set period of time, the Maybank loan offers 1 to 5 year tenure and minimum loan interest of 6%. For Singaporean’s only, earning S$30k or more a year, with no prevision for foreigners or Singapore students.
With a loan tenure of unto 60 months and new customers currently enjoy S$120 Cash Credit*, with a minimum approved CreditAble Term Loan amount of S$9,000. However this is limited to the first 500 successful CreditAble Term Loan applicants with an approved term loan amount of S$9,000 and above (“Successful Applicants”). Whats more each Successful Applicant is entitled to only one Gift, regardless of the number of successful term loan applications per Successful Applicant.
The Maybank CreditAble loan comes with a 2% processing fee, which will be deducted from the loan amount disbursed to you. Lastly Partial prepayment of the Term Loan is not allowed. However, you may at any time cancel your Term Loan in full subject to your payment of the early settlement fee of 3% of the outstanding Term Loan amount or S$200, whichever is higher.
Maybank is one of the largest South East Asian banks and is a Qualifying Full Bank (QFB) in Singapore.
The bank has over 20 branches in Singapore help to meet the banking and financial needs of corporations and individuals alike. It’s global presence extends to Hong Kong, London and China. Within Singapore, Maybank collaborates in local community activities, and has received service awards in various categories.
CreditAble is a personal credit line that puts extra cash in your hands when you most need it. Enjoy the ease and convenience of accessing your personal credit line via your chequebook or ATM Card.
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