Debt Consolidation Plan | Debt Consolidation Loan Rates | Maybank



Maybank Debt Consolidation Plan (DCP)


Maybank Debt Consolidation Plan (DCP)

Consolidate all your unsecured credit facilities (credit card/credit line) outstanding balances across multiple financial institutions into one fixed monthly repayment with Maybank Debt Consolidation Plan.

Enjoy interest rate from as low as 4.20% p.a. (EIR 7.64% p.a.)^ and up to 10 years loan repayment period!

^The approved interest rate may differ from the published rate.

Promotion

 

Receive S$388 cash rebate upon approval of your DCP application!

Promotion Period: 1 August to 31 December 2018

Promotion Terms and Conditions apply.

How it works

Debt Consolidation Loan AccountDebt Consolidation Loan Account
Consolidate all unsecured outstanding balances from multiple banks under Maybank Debt Consolidation Account into fixed monthly repayment
+
Revolving Credit FacilityRevolving Credit Facility
Credit Card of up to 1X your monthly income for your daily essential needs that comes with Debt Consolidation Plan

Benefits

Ease of repaymentEase of repayment
Allows you to take control of your finances with fixed monthly repayment and ease of repayment to only one (1) Financial Institution
credit cardComplimentary credit card
A credit limit of 1X your monthly income will be given for your daily expenses.
Loan TenureLoan Tenure
Choice of repayment period up to 10 years for affordable monthly repayment
interest rateLower interest rate
Enjoy interest savings with lower interest rate as compared to credit cards and credit lines for faster pay down of your outstanding balances

Refinance your existing Debt Consolidation Plan to Maybank now and enjoy:
 

Low Interest rates

Enjoy savings on the interest charges with interest rate lower than your existing DCP.

Eligibility



  • Minimum age:
    • 21 years and above
  • Nationality:
    • Singapore Citizen or Permanent Resident
  • Annual Income:
    • At least S$30,000 and less than S$120,000
  • Balance to Income Ratio (BTI):
    • At least 12 times your monthly income


Documents Requirement

  • Completed and signed application form
  • Copy of NRIC (front and back)
  • Latest copy of your Credit Bureau Report (Get a copy of your Credit Bureau Report at www.creditbureau.com.sg)
  • Proof of Balances reflecting billed and/or unbilled balances and/or new balance transfer/ loan for all your unsecured facilities (Credit Card/ Line of Credit) such as paper/online statements and confirmation letter
  • Latest Income Documents
    • For Fully Salaried: Latest 12 months' CPF contribution history statement* or latest computerised payslip
    • For Commission/Variable Income Earner: Latest 12 months' CPF contribution history statement* or latest 3 months' computerised payslip
    • For Self Employed/Fully Commissioned: Latest 2 years' Income Tax Notice of Assessment


*Only applicable for monthly income of S$6,000 and below

How to Apply

 Simply SMS us and we will be in touch with you.
SMS <DCP> <NRIC> <Name> to 79898

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