Guide on Maybank Personal Loan 2024 Features & Application
MAYBANK PERSONAL LOAN 2024 is ready to provide the funds that you are looking for under excellent loan features.
Are you in need of a financial solution for multiple purposes aside from purchasing a residential property or a vehicle? One of the best offers that you may turn to is the multi-purpose cash loan offer of Maybank.
Maybank is in the service of the Filipino people for decades already. It has excellent loan offers which include the Maybank Personal Loan that is ready to provide funds for several purposes including the following:
- personal purchases
- travel
- minor home improvements
- hosting an event
- minor business improvements
Under the Maybank Personal Loan offer, up to Php 1 million is loanable depending on the assessment of the bank. All loan applications are subject to the approval of the bank. The loan is payable for up to 36 months.
Maybank implements a 1.3% interest under the loan offer. It is one of the lowest interest rates in the market. It is open for both salaried and non-salaried individuals.
Who are qualified to apply for the Maybank Personal Loan offer? The eligibility requirements vary among the salaried and the non-salaried individuals. It is best to check on the qualifications first before checking the documentary requirements for application.
For locally-employed loan applicants, here are the qualifications set by the bank to be eligible to apply for the loan offer:
- 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
For self-employed individuals who want to apply for the Maybank Personal Loan offer, here are the eligibility requirements that must be met in applying for the loan offer:
- 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)
For qualified individuals, there are some documentary requirements for Maybank Personal Loan that must be submitted to apply for the offer. The lists of documents required by the bank vary thus it is important to check the documents needed to apply.