CreditAble Term Loan
CreditAble Term Loan is a new feature under Maybank CreditAble that offers you the convenience and control you need over your finances.
An instalment option for all your needs, it also comes with unbelievably low interest rates and the flexibility to choose repayment periods of up to 36 months.
Repayment Period | Processing Fee | Interest Rate | Effective Interest rate |
12 months | 2% | 3.78% p.a. | 10.50% p.a. |
24 months | 5.58% p.a. | 12.16% p.a. | |
36 months | 7.18% p.a. | 14.29% p.a. |
Effective interest rates are subject to compounding if the monthly interest charges are not paid in full.
Whether it’s replacing an electrical gadget or taking the family on a vacation overseas, CreditAble Term Loan’s low interest rates make it convenient to take care of your commitments.
Here’s an overview of your approximate instalment and interest amounts base on 24-months repayment period at an interest rate of 5.58% p.a.
What you need | Loan amount | Interest Amount | Monthly Repayment as low as |
Home and furnishings | $8000 | $893 | $371 |
Education | $5000 | $558 | $232 |
Vacation | $3000 | $335 | $139 |
Figures have been simplified and rounded off for illustration purposes.
 | Enjoy a fresh, aromatic brew with this complimentary single serve beverage machine from The Coffee Bean & Tea Leaf worth S$2991 with a minimum approved CreditAble Term Loan amount of S$4,000. |
| 1 | The Coffee Bean & Tea Leaf’s single serve beverage machine (“Gift”) is limited to the first 500 successful CreditAble Term Loan applicants with an approved term loan amount of S$4,000 and above. Each new CreditAble Term Loan applicant is entitled to only one Gift, regardless of the number of successful term loans applied for. Eligible applicants will receive a redemption letter via post. The full cost of the Gift will be charged to the applicant if his/her CreditAble Term Loan is prepaid or terminated anytime within the approved tenure period. Maybank reserves the right to vary or substitute the Gift offered under this promotion at any time at its absolute discretion. Gift(s) are non- transferable, non-exchangeable and non-replaceable for credit, cash or kind by the applicant. Maybank is not an agent of the merchant and makes no representation as to the quality of the Gift(s). Any dispute about the quality of the Gift(s) must be resolved by the applicant directly with the merchant. Maybank may vary, delete or add to any of these terms and conditions, or withdraw, suspend or discontinue this promotion at any time without any notice or liability to any person. Maybank’s decision on all matters regarding this promotion shall be final, conclusive and binding on all applicants. CreditAble Term Loan Terms and Conditions apply, please visit www.maybank2u.com.sg for further details. |
Information contained herein is accurate as at the time of print.
Important Notices
SaveUp Account for Loan Customer
Loans
Member-Get-Member Promotion: Recommend Maybank loans and be rewarded with vouchers of up to S$250
