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Maybank CreditAble

Benefits

  • Low prevailing interest rate of only 9% p.a.* for first year
  • Credit line of up to 4X your monthly income
  • Flexible repayments from as little as 3% of your outstanding balances or S$30, whichever is higher
  • Attractive promotional interest rates with CreditAble Term Loan or Fund Transfer
  • Standby facility – pay interest only on the amount you use
  • 2-year annual fee waiver
  • Easy access to your credit line via complimentary chequebook or ATM Card at ATMs in Singapore, Malaysia, Brunei and the Philippines
  • 24-hour account access via PhoneBanking (Dial-Link) and Maybank2u.com.sg
  • Transfer funds from your CreditAble Account to any Visa card overseas at attractive rates with Maybank Visa Money Transfer

Apply Directly with Bank

Interest Rates

Here’s an overview of your approximate instalment payment based on loan amount of S$8,000.

REPAYMENT
PERIOD

PROCESSING
FEE

INTEREST
RATE

EFFECTIVE
INTEREST RATE

MONTHLY
INSTALMENTS

12 months

2%

3.78% p.a.

10.50% p.a.

S$692

24 months

2%

5.58% p.a.

12.16% p.a.

S$371

36 months

2%

7.18% p.a.

14.29% p.a.

S$270

Effective interest rates are subject to compounding if monthly interest charges are not paid in full.

Eligibility

  • Singapore Citizens, Singapore Permanent Residents
  • Between 21 to 65 years of age
  • Have a minimum income of S$30,000 p.a.

Fees

  • Annual fee: S$60 (2-year fee waiver)

*Promotional interest rate of 9% p.a. is only valid for 1 year from the opening date of the Maybank CreditAble Account. Subject to good account conduct as determined by Maybank, otherwise prevailing interest rate of 17.8% p.a. will apply.

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