Guide on Maybank Personal Loan Interest 2023 Borrowers Must Be Aware Of
MAYBANK PERSONAL LOAN INTEREST 2023 – You can check the details below for the interest rate set under Maybank Philippines’ loan offer.
Banks are among the entities that you may turn to in the Philippines for cash loans. One of them is Maybank, a Malaysian financial firm with one of the biggest total assets and global market capitalization status.
Maybank offers different services from savings and checking accounts to credit cards to loans and other financial services. One of the offers of the bank is the Personal Loan, a multi-purpose cash loan offer that is non-collateral.
Maybank has high loanable amounts under its Personal Loan offer. The amount borrowed can be repaid for up to 36 months. With regards to the Maybank Personal Loan interest rate 2023, it is at 1.3%.
The Maybank Personal Loan interest rate is applied until the loan is fully-paid. You can opt to finish your loan earlier than the set term.
For qualification to the loan offer, the applicant for Maybank Personal Loan must meet the following eligibility criteria:
- a Filipino citizen
- at least 23 years old at the time of the loan application but not older than 65 years old upon the loan maturity
- home and business address should be within any of the bank’s service regions
- with the following active contact numbers:
- home landline
- office or business landline
- mobile number
- proof of income
- If employed, the loan applicant must be working for your current employer for at least two (2) years already at the time of the filing of the loan application. The borrower must be earning at least Php 25,000 per month and the employer must be one (1) of the top 7,000 companies in the country
- If self-employed, the loan applicant must in the same business for at least three (3) years and the business must be operational in the past three (3) years and profitable in the last two (2) years. Furthermore, the business must be earning an average monthly income of P200,000. It is must be registered to the Department of Trade and Industry (DTI) or the Securities Exchange Commission (SEC).
- If a professional, the borrower must be in the same profession for the least three (3) years already. The average monthly income must not fall below P20,000.
Are you interested for the loan offer? To apply, prepare the requirements for Maybank Personal Loan 2023 application. It will depend if you are employed or self-employed as Maybank has set different lists among the two (2) employment statuses.
