Debt Consolidation Plan | Debt Consolidation Loan Rates | Maybank

Maybank Debt Consolidation Plan (DCP)

Consolidate all your unsecured credit facilities (credit card/credit line) outstanding balances across multiple financial institutions with Maybank Debt Consolidation Plan at attractive low interest rates up to 10 years tenor.

How it works:

Debt Consolidation Loan Account
Revolving Credit Facility
Consolidate all outstanding balances from multiple banks with Maybank Debt Consolidation Plan to avoid hassle of making payments to multiple banks Credit Card of up to 1X your monthly income for your daily essential needs that comes with Debt Consolidation Plan

How to apply:
SMS <DCP> <NRIC> <Name> to 79898

Product Benefits:

  • Have better control over your finances with fixed monthly repayment
  • Convenience of consolidating all your outstanding balances and making repayment with only one single bank
  • Flexibility to choose a loan tenure of up to 10 years
  • Save on high interest charges with lower interest rates
  • A credit card with limit of 1X your monthly income

To apply for Maybank Debt Consolidation Plan, you must meet the below requirements:

  • Must be Singapore Citizen or Permanent Resident
  • Have annual income of at least S$30,000 and less than S$120,000
  • Have total interest-bearing outstanding balances on your unsecured credit facilities (Credit Card/ Credit Line) of more than 12 times your monthly income.

Rates and Tenor:

Enjoy interest rate from as low as 4.70% p.a. (EIR 8.48% p.a.) and up to 10 years debt repayment period!

Mandatory Documents:
You will need the following documents to apply:

  1. Completed and signed application form
  2. Copy of NRIC (front and back)
  3. Latest copy of your Credit Bureau Report
    (Get a copy of your Credit Bureau Report at
  4. 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
  5. 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

Terms and Conditions Governing Debt Consolidation Facility

Questions? Our FAQ may help.