Maybank Personal Loan

  • Loan amount up to 5k-20k
  • Tenure1-6 Years
  • Age 21-60 Years
  • Min Income 3,500 pm
  • Employee & Self-Employed
  • 1 week

Borrow RM Monthly Repayment
RM


Interest Rate

%
How Long
My monthly income
As a

Interest rates

Based on your loan amount & loan period, the interest rates are as low as the following

You borrow                       Loan period          Your Annual Income     Interest rate

RM5,000 - RM20,000        24 to 72 months    min. RM42,000              8%p.a.   

RM20,001 - RM50,000      24 to 72 months    min. RM42,000              7% p.a.

RM50,001 - RM100,000    24 to 72 months    min. RM42,000              6.5% p.a.


                                                                                     
 

Repayment period is minimum 24 months and maximum 72 months (depending on the financing tier selected)

Fees & Charges

Interest Rate / APR

As low as 6.5% p.a.*
*Subject to terms and conditions

Processing Fee

None

Stamp Duty

None

Early Termination Fee

None

Late Penalty Fee

 1%  from current outstanding amount, calculated from overdue date till date of full monthly payment

Requirements

Minimum Annual Income

RM42,000

Minimum Age

  • 21 to 60 years old

Who can apply

  • Malaysians
  • Salaried employee
  • Self-employed

More Information

Why should I get a Maybank Personal Loan?

Maybank Personal Loan makes it easy for you to secure a cash advance without the need to stand by a guarantor or collateral. It allows you to access a higher financing limit without charging processing fees or document stamping charges.

Plus, if you desperately need extra money, you can get your Maybank Personal Loan approved potentially fast within 48 hours once all necessary documents have been submitted. 

Then, your money will be transferred to either your Maybank Current Account or Savings Account.

How much money can I borrow?

You can borrow any amount from RM5,000 to RM100,000, subject to a credit check after taking into account your repayment capability, assets and liabilities. 

This money can be repaid over flexible tenures from 2 to 6 years.

But beware, if you have submitted your Maybank Personal Loan application, it is considered an 'acceptance' of the offer made by Maybank. 

So, when you apply for a RM50,000 loan, and Maybank chooses to lend you RM25,000, you must accept that amount and can't cancel the loan agreement.

What is my monthly instalment payment?

Once you have received the money, your personal loan repayment will begin at the start of the following month. 

You must commit to servicing your monthly instalments as set out in the monthly repayment table.

You can make your personal loan repayments through online banking, cash or cheque, over the counter at any Maybank branch, telephone banking, or Standing Instruction.

Can I fully settle my Maybank personal loan before its maturity?

Yes, you can! Effective 31 March 2025, there are no additional fees for settling your loan earlier than the maturity date.

 

Is an insurance policy to cover the personal loan compulsory?

Maybank offers an insurance policy, known as the Personal Care Insurance Plan, to cover the outstanding personal loan amount in case something unfortunate happens to you during the personal loan term. 

However, this is optional.

 

What documents do I need to prepare for the Maybank Personal Loan application?

 

As this is an unsecured personal loan, you don't need to have a guarantor or collateral. 

Together with the application form, please prepare the following supporting documents:

For salaried employees:

  • Copy of MyKad (front and back) AND
  • Latest salary slip OR
  • Latest EA form OR
  • Latest BE form with an official tax receipt
  • Latest 3 months Current / Savings Account Statements (Optional)

For self-employed:

  • Copy of MyKad (front and back) AND
  • Copy of Business Registration Certificate AND
  • Latest B form with official tax receipt OR
  • Latest 6 months Bank Statements

Am I qualified to apply for a Maybank personal loan if I'm blacklisted?

Depending on your credit history with other financial institutions, all this information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collects credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course of action would be to break the habit and start making your payments on time to avoid future hurdles.

Maybank is more likely to approve your personal loan application if you can show that you are managing your personal finances, rather than accumulating more debt.