Eligibility requirements:
- Filipino citizen aged 23-65 at loan maturity.
- Minimum monthly income of ₱25,000 (employed) or ₱200,000 (self-employed).
- At least 2 years with current employer or 3 years in business.
- Active contact numbers and billing address within Maybank service areas.
Maybank Personal Loan application steps:
- Prepare necessary documents, including valid IDs and proof of income.
- Visit the nearest Maybank branch or apply via the official website.
- Complete the application form with accurate information.
- Submit required documents and await confirmation.
- Upon approval, receive funds directly into your account.
Frequently asked questions
How long does it take to get approved for a Maybank loan?
Approval times vary but are typically within 3-5 business days after submitting all requirements.
Is it required to explain why credit is being used?
Maybank does not require a detailed explanation for personal loan use; flexibility is a key feature.
Do I need to have a good credit score to be approved for a Maybank loan?
A good credit score is beneficial but not the sole factor; income and stability are also considered.
Can I apply for a loan if I am self-employed?
Yes, self-employed individuals can apply, provided they meet the income and business tenure requirements.