Eligibility requirements:
- Singapore Citizen or Permanent Resident
- Aged 21 to 55 years old with minimum annual income of S$30,000
- Above 55 years old with minimum annual income of S$15,000
- Must hold or be issued a Mari Credit Card upon approval
- Applicants below income threshold may receive a S$500 credit limit card
MariBank Instant Loan application steps:
- Download the MariBank app from your preferred app store
- Register using a valid Singapore mobile number
- Select Instant Loan from the product page
- Complete your application via Singpass
- Receive approval and access funds instantly upon approval
Frequently asked questions
How long does it take to get approved for a MariBank?
Approval is typically instant, since applications are processed digitally, and funds may be disbursed within seconds after successful verification and approval.
Is it required to explain why credit is being used?
No, borrowers are not required to justify usage, as the loan offers flexibility for purposes like education, renovation, or personal financial needs.
Do I need to have a good credit score to be approved for a MariBank?
Approval depends on internal assessment, although meeting income requirements is essential, and applicants may still receive limited credit access even if criteria are partially unmet.
Can I apply for a loan if I am self-employed?
Eligibility depends on income criteria and assessment, so self-employed individuals may apply if they meet requirements and complete the verification process successfully.