Maybank Personal Loan 2023 — How To Apply & the Requirements for Application

Guide on Maybank Personal Loan 2023 Application Process

MAYBANK PERSONAL LOAN 2023 – Here are the steps in applying for Maybank Philippines’ cash loan offer including the requirements.

In the Philippines, one of the banks with multiple loan offers is Maybank. This bank is actually a Malaysian firm which has one of the giants in terms of the total assets in Malaysia. In PH, it is one of the most popular and trusted banks.

One of the offers of Maybank is the Personal Loan offer. It is a multi-purpose cash loan offer that is open for both employed and self-employed individuals. It is also non-collateral thus you do not have to be a property owner to qualify for the loan.

Maybank’s Personal Loan offer has high loanable amounts. Meanwhile, all loan applications are subject to the approval of the bank. The lender will assess the capacity of the borrower to repay the loan.

The Maybank Personal Loan Interest 2023 will be applied depending on the loan term set. The bank allows the repayment of up to 36 monthly payments. Here are the steps in applying for the loan offer:

Step 1 — Qualifications. Check the eligibility requirements set by Maybank under the loan offer. To qualify, the borrower 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.

Step 2 — Requirements. Prepare the documentary requirements for Maybank Personal Loan 2023 application. Prepare the original copies of the documents required by the bank depending if you are employed or self-employed.

Step 3 — Apply. Go to a branch of Maybank Philippines nearest to you or where you wish to apply. Submit the documentary requirements for application to Maybank. Wait for an update from the bank regarding the status of your loan application.