Maybank Personal Loan

Maybank (Malayan Banking Berhad)
Loan Amount: RM5000 – RM100000
Loan Tenure: 2 to 6 Years
Interest/Profit Rate: 6.5% – 8%
Loan Features: Conventional, 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
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/Plan

Below is the repayment schedule for Maybank Personal Loan

Repayment Schedule Notice

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 through any of the Maybank branch nearest to you. Once you have submitted your application and the necessary documents, Maybank will provide you with the result within 48 hours.

If your application is approved, the money will be transferred to your Maybank Current or Savings Account.

You can also apply Maybank Personal Loan online from the comfort of your home or office using BankBazaar 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 BBazaar

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

Just submit your name, phone number and BBazaar will call you within 24 hours and guide you through the application process. Did I mention that the process is 100% Free of Charge?

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

After clicking the button, you will be redirected to BBazaar website. Click the “Check Eligibility” button 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

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