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 4.70% p.a. (EIR 8.48% p.a.) and up to 10 years loan repayment period!
Receive S$388 cash rebate upon approval of your DCP application!
How it works
- Minimum age:
- 21 years and above
- 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
- 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