View all Loans FAQs

1. What is Share Multiplier
2. What other attractive features do Share Multiplier offer?
3. What are the fees & charges involved?
4. Can you give me an illustration on how is interest being computed for using Share Multiplier?
5. What are other types of assets acceptable as collateral?
6. What are the counters I can trade in using my Share Multiplier account?
7. What must I do before I trade?
8. What happens if the shares I traded are unacceptable?
9. Who can apply for Share Multiplier?
10. Can I arrange for a joint application for Share Multiplier?
11. Do I need to show any proof of income?
12. To apply, what do I need to provide?
13. How long does it take to open a Share Multiplier account?
14. What are the other types of Share Loans available?

1. What is Share Multiplier?

   Share Multiplier is a secured line of credit available for new shares purchases, upon pledging of acceptable shares owned by the customer. It is also commonly known as “Share Financing” or “Share Loan”.

   Share Multiplier allows you to increase your shares investment (buying) power up to 3.3 times of your initial cash or time deposits* outlay or 2.3 times of initial deposited / pledged shares*.

   With Share Multiplier, you will be able to gain financing for buying new shares without having to come up with the full capital outlay.

   * Collateral acceptable by the Bank

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2. What other attractive features do Share Multiplier offer?

   Share Multiplier offers you:

   • No maximum price cap on all SGX and Bursa Malaysia Mainboard stocks. So you can buy at the price you want and we finance up to 70% of the market value of the shares
   • No restriction on the choice of your brokers
   • No minimum income requirements
   • If you do not need the available credit for purchases of shares, you can choose to withdraw it as cash for your other financial needs.

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3. What are the fees & charges involved?

   For pledging of shares, please refer to Schedule of Fees & Charges for Share Loans.

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4. Can you give me an illustration on how is interest being computed for using Share Multiplier?

   Please refer to the following example:
              
   Customer A has a Share Multiplier account:
   Interest rate = 6.25% p.a.
   Credit Limit = S$100,000

   He utilised S$30,000 on 5th of the calendar month and another S$20,000 on 10th of the same calendar month. On the 20th of the same calendar month, he paid down S$50,000.

   Hence the interest incurred for the calendar month is:
   (S$30,000 x 6.25% x 5/365) + (S$50,000 x 6.25% x 10/365)
   = S$111.40 (subject to a minimum interest of $20)

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5. What are other types of assets acceptable as collateral?

   Other than acceptable public quoted shares, we also accept all structured and time deposits that are placed with us and investments distributed by us as collaterals. Pledging of other securities is subject to the Bank’s discretionary approval. 

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6. What are the counters I can trade in using my Share Multiplier account?

   You can trade in acceptable SGX and Bursa Malaysia Mainboard counters. A copy of the list of unacceptable counters is available at Robinson Road Branch upon request.

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7. What must I do before I trade?

   To trade, you will need to furnish us your broker’s details and the broking firm. Thereafter, the Bank will open a trading account for you.

   Once the account is established, you will be able to trade.

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8. What happens if the shares I traded are unacceptable?

   It is best to check with our Robinson Road Branch on the acceptability of the share counter(s) before each trade. 

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9. Who can apply for Share Multiplier?

   Any Singapore citizens, PR or Singapore Tax Residents with work permit, aged between 21 and 60 years old. All applications are subject to the Bank’s approval.

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10. Can I arrange for a joint application for Share Multiplier?

    No.

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11. Do I need to show any proof of income?

    There is no need to produce any proof of income as there are no minimum income requirements for Share Multiplier application. The line of credit is granted upon pledging of your asset(s), subject to the Bank’s approval.

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12. To apply, what do I need to provide?

    To apply, you can call 62227947 or visit Maybank@RobinsonRd. You will also need to arrange for the following:

    • A duly completed and executed application form. The application form can be obtained from Maybank@RobinsonRd.
    • A copy of your NRIC (front & back)
    • S$10,000 worth of shares, cash or time deposits

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13. How long does it take to open a Share Multiplier account?

    Upon submission of complete documentation and upon the Bank’s approval on your application, you will be on your way to trade within three (3) business days.

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14. What are the other types of Share Loans available?

    Other types of available share loans include:

    • General Share Loan (“Overdraft”) – secured line of credit giving you cash access while staying invested
    • Speedi Share Loan – a secured short term loan giving you cash access while staying invested.
      

      For more information on the above-mentioned loans, call 6222 7947 now.

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