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Financial Solutions - MyLINE |
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With Maybank MyLINE, get convenient access to extra cash by pledging your
asset(s) and the flexibility of re-borrowing any available credit!
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| Enjoy interest rates as low as Prime Rate* when you pledge your asset(s)
to apply for a line of credit! |
Simply |
- Submit the MyLINE application
- Pledge your asset(s)
- Line of credit available upon approval
- Access cash anytime with MyLINE through cheques, the ATM and Maybank2u.com.sg (Online Banking)
Benefits |
- No minimum income required
- Available to Singaporeans, PRs and foreigners above 21 years old
- Interest rates from as low as Prime Rate*
- Interest is charged only on the amount borrowed, with more than 50% interest savings compared to unsecured credit facilities (illustrated below)
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Credit cards |
Unsecured credit |
MyLINE |
| Interest Rates |
24% p.a. |
16% p.a. |
5.25% p.a. |
| Outstanding Loan |
S$10,000 |
S$10,000 |
S$10,000 |
| Interest |
S$2,400 p.a. |
S$1,600 p.a. |
S$525 p.a. |
| Interest Savings (S$) |
S$1,875 |
S$1,075 |
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| Interest Savings (%) |
78% |
67% |
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- Repay any amount at any time
- Borrow again from the available credit even as you are repaying the borrowed amount
- Credit limit is not pegged to income - limit granted depends on the value(s) of your asset(s)^ pledged
- Quantum of Financing for various categories of assets are:
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| Deposits |
Up to 100% |
| Unit Trusts |
Up to 70% |
| Other securities |
Up to 70% |
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- Continue to reap investment returns on your assets while accessing extra cash via MyLINE
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To apply, visit any of our 22 branches today! Or simply click |
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If you are interested to find out more, click on "Apply Now" and fill in your personal information and asset(s) details to get an indicative valuation of your assets. Visit the nearest Maybank branch and allow us to assist you from there. |
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Interest rate varies according to the collateral provided and starts from Maybank Singapore's Prime Rate (PR) onwards. The PR is currently 5.25% p.a.. The minimum monthly interest to be levied on any debit balance is S$20. |
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Acceptable collateral includes all structured and time deposits with Maybank Singapore, securities distributed by Maybank Singapore and other approved securities. For details, please check with any of Maybank’s Branches in Singapore.
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| Terms and Conditions apply. Maybank reserves the right to revise the rates as well as the Terms and Conditions. |