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| Business : Start-Up
Business > CreditBiz |
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Adds Value to
Your Business
Boost your working capital with CreditBiz.
Enjoy a high credit limit of up to S$200,000 and lower your
financing cost with low interest rates and a 1% p.a. cashback
scheme#.
CreditBiz offers you the following benefits:
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- No tangible collaterals required
- Monthly cashback of 1% p.a. based on average monthly
utilisation#
- Low interest rate at 9.88% p.a. (CBR*)
- Temporary credit limit increase of up to 50% of the
credit limit so you can get quick access to additional
funds whenever the need arises
- Low minimum monthly payment of 8% of the outstanding
loan amount or S$100, whichever is higher
- Free insurance cover on outstanding loan amount should
unexpected death or total and permanent disability occur
to the key person of the business
- Receive interest on credit balances deposits in excess
of S$10,000
- Easy access to credit facility at any Maybank ATM
in Singapore, Malaysia, Brunei and Philippines; at any
Maybank Branch
in Singapore or by cheque
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CreditBiz
- at a glance
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| Credit Limit - up to
S$200,000 |
9.88% p.a. (CBR*)
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| Temporary Limit - up
to 50% of approved limit |
10.88% p.a. (CBR* + 1% p.a.)
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| Monthly Cashback |
1% p.a. on average utilisation
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| Minimum Monthly Payment |
8% of outstanding balance or S$100,
whichever is higher
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| Waiver
of Quarterly Fee of S$250 |
Subject to average utilisation exceeding
20% of total limit granted
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Note: CreditBiz Board Rate
(CBR*) is currently at 9.88% p.a.
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Eligibility
To be eligible for CreditBiz, your company needs to
satisfy the following criteria:
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- At least 30% local shareholding
- Established for at least 2 years
- Minimum annual turnover of S$300,000 based on latest
financial year
- Positive tangible networth
To Apply
Simply complete and fax the Commercial
Loan Application Form to 6557 0561 and we will be in
touch with you shortly.
For more information, call 1800-MAYBANK (1800-629 2265) or (65) 6533 5229 (Overseas) or make
an appointment
with our Retail Finance Executives.
Copy of the Terms
and Conditions (effective January 2008) may be downloaded or obtained from any
of our 22 Branches.
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Cashback scheme is
extended to CreditBiz customers with good payment records |
| * |
CBR refers to CreditBiz
Board Rate |
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