Maybank Personal Loan

Maybank (Malayan Banking Berhad)


Financing Amount: RM5000 – RM100000
Financing Tenure: 2 to 6 Years
Interest Rate : 6.5% p.a – 8% p.a
Loan Features: Conventional, Debt Consolidation, Fast Approval, Unsecured
Employment: GLC Employee, Government Employee, Pensioner, Private Sector Employee, Self Employed
Minimum Yearly Income: RM30000
Age Eligibility: 21 to 60 Years Old
Debt Consolidation: Yes
Maybank Personal Loan

Maybank Personal Loan is a popular unsecured conventional personal financing plan from Maybank. This personal financing scheme is easy to apply and require minimum documents. You can borrow from RM5,000 up to RM100,000 for 2 to 6 years from Maybank Personal Loan.

Since this is a conventional personal financing, Maybank Personal Loan offers floating interest rate starting from 8% p.a and can go to 6.5% p.a depending on the financing amount. With this interest rate, monthly repayment starts from as low as RM102.78 if you borrow RM5,000 for 6 years. Refer to the repayment schedule below for more information.

Another attractive feature offers by Maybank Personal Loan is the fast approval time. You can get your Maybank Personal Financing approved within 48 hours after you submitted all the necessary documents. Read more on this personal loan features and advantages below.

Maybank Personal Loan Features

Maybank Personal Loan offers several attractive features and advantages compared to other conventional personal financings in Malaysia.

  • Easy to apply
    Maybank Personal Loan is available to anyone who is a Malaysia PR from age 21 to 60 years old without any job restriction, including pensioner.
  • Fast Approval
    If everything goes well, you can get your loan approved within 48 hours after you have submitted all the necessary documents.
  • Flexible financing amount
    Maybank Personal Loan offers a flexible financing amount from RM5,000 up to RM100,000. You can choose to borrow any amount between this range.
  • Flexible financing tenure
    You can choose to repay the loan between 2 to 6 years.
  • Variable interest rates
    Interest rates start from 6.5% to 8%, which is one of the lowest interest rates for a conventional personal loan in Malaysia.
  • Zero fee
    Unlike other conventional personal financings, Maybank won’t charge you any processing fee or stamp duty charges.
  • Full disbursement
    In other words, you will get full disbursement of the financing amount. The money will be deposited into your chosen Maybank Current or Savings Account.

Requirements & Eligibility

If you choose to apply for Maybank Personal Loan, you must meet these requirements by Maybank.

General requirements

  • Malaysian Permanent Resident (PR)
  • Age between 21 and 60 years old.
  • Minimum monthly income is RM2500, or minimum annual income is RM30,000.
  • Not blacklisted by AEON or any other banks in Malaysia.
  • Not under Special Attention Account (SAA) – Pemerhatian Khas.
  • Not involved with the Debt Management Programme by AKPK.

For government employee

  • Work status is permanent.

For private employee and GLC employee.

  • Have been working for more than 6 months with the same employee.
  • Able to provide 6 months or more EPF statement.

For self-employed

  • Own a registered business with Suruhanjaya Syarikat Malaysia (SSM).

Not eligible to apply?

If you didn't meet the requirements to apply, you can use our "Check Eligibity Form" to find the best personal financing plan for you.

Documents Needed

You will have to provide the following documents to apply for Maybank Personal Loan. Documents requirements vary according to your employment.

Salaried Employee (Private Sector, Government and GLC)

  1. Copy of NRIC (front and back).
  2. Latest 3 months salary slips.
  3. Latest 6 months bank account statement (salary credited).
  4. Latest BE form with an official tax receipt.

Self-Employed

  1. Copy of NRIC (front and back).
  2. Business Registration Certificate.
  3. Latest 6 months current account statements
  4. Latest BE Form/BE e-Form with valid tax payment receipt.

Repayment Schedule/Table

We are still updating the installment/repayment table for Maybank Personal Loan. Sorry for the inconvenience.

Charges & Fees

Maybank will not charge any processing or stamp fee for Maybank Personal Loan. However, there is a late payment charge of 1% of the current outstanding amount.

Do take note that Maybank will incur a charge for early termination – which is RM200 or 3% of the remaining amount (whichever is higher).

How to Apply

Important!

Before applying, make sure you have read the Requirements & Eligibility section above. There's no point in applying if you are not eligible to apply for this loan.

You can apply for Maybank Personal Loan by visiting any of Maybank (Malayan Banking Berhad) branch.

You can also apply online from the comfort of your home or office using iMoney service. It’s free and in some cases you will get quicker result with higher approval rate. Read more below.

Apply Maybank Personal Loan with iMoney

Do you know you can apply Maybank Personal Loan through iMoney? The process is 100% online without you having to leave your office or home.

Just submit your name, phone number and iMoney will call you within 24 hours and guide you step by step through the application process. And their service are 100% Free of Charge.

If you would like a hassle-free Maybank Personal Loan application, give iMoney a try. Click APPLY NOW button and apply for Maybank Personal Loan through iMoney right now.

You will be redirected to iMoney website. On the website, choose Maybank Personal Loan and click Apply Now to proceed with your application.

Maybank Personal Loan Review

Maybank Personal Loan is a popular personal financing plan by Maybank. It’s available to all Malaysians with PR status, and offer an attractive interest rate compared to other Conventional personal loans in Malaysia. With results within 48 hours after application, this is one of the fast approval of conventional personal loans in our country. Maybank also does not impose any processing charge and stamp duty fee. These features make Maybank Personal Financing-i one the most sought-after Conventional personal financing. However, the salary requirement is a bit high for most Malaysians. You will have to earn at least RM30,000 annually. That’s mean you have to earn more than RM2,500 every month – which is not what average Malaysians make. But, if you meet all the requirements for this personal financing from Maybank, chances are your loan application will be approved by Maybank.

Maybank Personal Loan

Pros

  • Available to all Malaysians.
  • No processing and stamp duty fees.
  • Full disbursement.
  • 48 hours result.
  • Low-interest.

Cons

  • High salary requirement.
  • Early termination fee.

Our Rating

3.75

Out of 5

Frequently Ask Questions on Maybank Personal Loan

Below are some of the frequently ask question regarding Maybank Personal Loan

What is Maybank Personal Loan?

Maybank Personal Loan a Conventional Personal Financing plan from Maybank (Malayan Banking Berhad).

Who can apply for Maybank Personal Loan?

Maybank Personal Loan is offered to Malaysian Citizen aged between 21 and 60, working in the Public Sector, Private Sector, Self Employed, Pensioner with a minimum annual income of RM30000. Please refer to the “Requirements and Eligibility section” for the complete requirements.

How much can I borrow from Maybank Personal Loan?

You can borrow from RM5000 up to RM100000. However, final approval amount will depends on several factor such as your income, credit score, etc.

How long is the financing tenure?

Maybank Personal Loan offer a financing tenure from 2 to 6 years. However, maximum financing tenure will depends on Maybank (Malayan Banking Berhad) final decision.

How can I apply for Maybank Personal Loan?

Please refer to the “How to Apply Section” above.

How long do I have to wait for result?

Usually you will get your Maybank Personal Loan application’s result in 2 business days after you have submitted the required documents.

How much do I have to pay every month?

Please refer to the “Loan Repayment Schedule” above.

Can I apply Maybank Personal Loan for Debt Consolidation?

Yes, you can apply this loan for debt consolidation. Please consult directly with Maybank (Malayan Banking Berhad) or use iMoney service on how to apply for debt consolidation.

Can I apply if I am blacklisted in my CTOS report?

Sorry, you can’t apply for Maybank Personal Loan if you are blacklisted in your CTOS report. However, if you are blacklisted by non-financial institution such as telecommunication companies, easy payment scheme, etc, you are eligible to apply.

Can I apply if I have a bad credit score in my CCRIS report?

Sorry, you are not eligible to apply for Maybank Personal Loan if you have outstanding credit in your CCRIS report.

Can I apply if I’m under AKPK Debt Management Programme?

Unfortunately no. You cannot apply any bank loans if you are under the AKPK Debt Management Programme.

I have other questions regarding Maybank Personal Loan

Please leave your question in the comment section below. We will reply to them as soon as possible.

Got Questions Regarding Maybank Personal Loan?

Ask away in the comment section below. We will try to reply to them as soon as possible, we promise!