Guide on Maybank Cash Loan Interest Rate & the Other Details about the Loan
MAYBANK CASH LOAN INTEREST – Here is a guide on the interest rate implemented by Maybank Philippines under the personal loan offer.
With regards to financial needs, there are two (2) main choices – to borrow from lending companies or banks or to seek the help of private individuals. Usually, most people prefer borrowing from banks or financing firms. It is mainly because of the formal agreement regarding the transaction.
Banks and financing companies may also offer bigger loanable amounts compared to the amount that you can borrow from private individuals. The monthly amortization can also be fixed based on your agreed loan term. No relationship is at stake in case the application won’t be approved.
There are several banks in the Philippines with multiple loan offers. One of them is Maybank.
Maybank offers a personal cash loan, housing loans, and auto loans. The two (2) loans serve specific purposes while the personal cash loan offer is multi-purpose.
There are both eligibility and documentary requirements set under the personal cash loan offer. To be eligible to apply for it, the applicant must be:
- a Filipino citizen
- at least 23 years old upon the loan application but not more than 65 years old upon the loan maturity
- living or working within the service region of the bank
- having an active home landline number, office or business landline, and mobile contact number
- if employed, must be working for at least 2 years and earning at least Php 25,000.00 a month
- working in one of the Top 7,000 companies in PH
- if self-employed, must be in the same profession or business for the past three (3) years
As mentioned, there are documents that you must submit in applying for this loan offer. For the requirements, you may visit – Maybank Cash Loan Requirements – List of What You Need to Prepare.
You may also check the loanable amount offers by Maybank prior to applying for the loan offer. You may visit – Maybank Personal Loan: How Much You May Borrow Under It.
