Guide on Whether Guarantor / Collateral is Required in Applying for Maybank Personal Loan or Not
MAYBANK PERSONAL LOAN – Here is a guide on whether a guarantor or a collateral is needed in applying for the said Maybank loan offer or not.
Personal loans nowadays have become among the best options that people can turn to when unforeseen financial emergencies cross the surface. These cash assistance offers are provided by banks and lending companies.
Maybank Philippines is one of those that have the said offer. It is multi-purpose – it can aid you from making ends meet to reaching higher goals in life. It offers competitive interest rates and flexible payment terms with fixed monthly installments.
With regards to how much you can borrow under the Maybank Personal Loan, it is subject upon the approval of the bank. Meanwhile, here is the range of the loanable amounts under the said offer:
- Minimum Loanable Amount – Php 50,000.00
- Maximum Loanable Amount – Php 1,000,000.00
You may pay for the loan in 12, 18, 24, or 36 monthly payments. Do you want to know the interest rates under this offer? You may visit – MAYBANK PERSONAL LOAN INTEREST RATES – List Of Interest Rates Implemented by Maybank.
Who are eligible to apply for this loan offer?
Maybank has set minimal eligibility qualifications in applying for this loan offer. The borrower must be:
- a Filipino citizen
- between 23-65 years old
- living or working in an area that is within the service areas of the bank
- having contact numbers
- employed, self-employed, or professional with a stable source of income
- earning at least Php 25,000.00 monthly for employed applicants; and
- at least Php 200,000.00 average income for self-employed applicants and professionals
With regards to the question if there is a need for a guarantor in applying for Maybank Personal Loan, the good news is there is none. Also, there is no need for a collateral in applying for the said loan offer.
Do you want to apply for this Maybank loan offer? You may visit – MAYBANK LOAN – How To Apply For Maybank Personal Loan.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
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