Guide on Maybank Personal Cash Loan Features & Application Process
MAYBANK PERSONAL CASH LOAN – You can check here the details about the multi-purpose cash loan offer of Maybank Philippines.
Another reputable bank in the Philippines is Maybank which operates in the country for decades now since 1960. It has several offers which include the following:
- deposit bank accounts
- savings account
- current account
- time deposit account
- ATM account
- U.S. Dollar account
- investment products
- loans
One of the loans offered by the reputable bank is the Maybank Personal Cash Loan. It is open for locally-employed and self-employed individuals as well as professionals. Under the loan offer, you may borrow up to Php 1 million and the amount borrowed is payable for up to 36 months.
The bank also boasts its loan offer with a “competitive add-on rate per month, one of the lowest in the market” at 1.3%. Here are the eligibility requirements set by the bank under the Maybank Personal Cash Loan offer:
Locally-Employed
- a Filipino citizen
- at least 23 years old but not older than 65 years old when your loan matures
- home and business address should be within any of the bank’s service regions
- with active contact numbers such as home landline, office or business landline, and mobile number
- with your current employer for 2 years work tenure and earning a minimum salary of Php 25,000
- employer should be one of the Top 7,000 companies in the Philippines
Self-Employed / Professional
- a Filipino citizen
- at least 23 years old but not older than 65 years old when your loan matures
- home and business address should be within any of the bank’s service regions
- with active contact numbers such as home landline, office or business landline, and mobile number
- in the same profession or the same business for at least 3 years
- business should have been operational for the past 3 years with at least 2 continuous years of profitability
- an average monthly income of Php 200,000
- business should be duly registered with DTI (Department of Trade and Industry) or SEC (Securities and Exchange Commission)
Aside from Maybank, the Philippine National Bank, more popularly called PNB, also has its own multi-purpose cash loan offer.
