Rates : Loans
  Rates - Loans
 

The rates are for your reference only.
To obtain our latest rates, please call 1800-MAYBANK (1800-629 2265) or (65) 6533 5229 (Overseas).
 
- Prime Lending Rate
- Flat Rate Automobile Financing
- CreditAble
- Share Multiplier
- Renovation Loan
- Home Loan
- HDB Bridging Loan
   
 
 
Prime Lending Rate
5.2500 % p.a.
Effective from: 21 March 2003

Flat Rate Automobile Financing
Loan Tenure
New Cars
( 90% Margin of Finance )
Used Car
(less than 10 years old)
(90% Margin of Finance)
Used Car
(more than 10 years old)
(70% Margin of Finance)*
Interest
Rate
% p.a
Effective
Rate
% p.a.
Interest
Rate
% p.a
Effective
Rate
% p.a.
Interest
Rate
% p.a
Effective
Rate
% p.a.
1 year
3.250
7.040
3.750
8.123
4.000
8.659
2 years
3.250
6.670
3.750
7.674
4.250
8.672
3 years
3.250
6.508
3.750
7.460
4.375
8.673
4 years
3.250
6.385
3.750
7.354
4.500
8.747
5 years
3.250
6.317
3.750
7.235
4.750
9.035
6 years
3.500
6.685
3.750
7.132
4.875
9.150
7 years
3.500
6.601
3.750
7.038
5.000
9.224
8 years
3.500
6.524
4.000
7.430
-
-
9 years
3.500
6.487
4.000
7.325
-
-
10 years
3.500
6.441
4.000
7.265
-
-
Monthly Instalments are payable in advance

Note: For Used Cars, the following shall apply:
Age of Car Tenure
Less than 10 years old Age of Car + Tenure must not exceed 10 years
More than 10 years old
(not exceeding 20 years old)
i) Maximum of 7 years for revalidated COE of 10 years
ii) Maximum of 4 years for revalidated COE of 5 years
Tenure must not exceed maturity period of COE
Effective from: 13 March 2006

CreditAble
Interest rate for first 6 months 8.88 % p.a.
Interest rate after first 6 months 16.38 % p.a. *
Effective from: 20 January 2006

Share Multiplier
Prime + 1% p.a.
Effective from: 19 September 2005

Renovation Loan Rates
 
Monthly Rest
Flat Rate [Payable in Advance]
Loan < S$15,000       7.80% p.a. (RBR less 0.70% p.a.)
4.00% p.a.
Loan => S$15,000
6.25% p.a. (RBR less 2.25% p.a.)
3.22% p.a.
With Home Loan
5.98% p.a. (RBR less 2.52% p.a.)
3.08% p.a.
With Loyalty Benefit
5.98% p.a. (RBR less 2.52% p.a.)
3.08% p.a.

RBR [Renovation Loan Board Rate] is currently at 8.50% p.a.
Effective rates range from 5.99% to 8.66% p.a. for Flat Rate Loan

   
  Home Loan Promotional Package – Limited Period only!
 
Year
Promo Package 1
Promo Package 2
1
1.6% p.a.
1.6% p.a.
2
2.2% p.a.
2.6% p.a.
3
2.9% p.a.
2.9% p.a.
 
  • Promotional Package 1 is applicable for loan amount of up to 70% of purchase price or valuation, whichever is lower for new purchase and refinancing of completed properties
  • Promotional Package 2 is applicable for loan amount of up to 80% of purchase price or valuation, whichever is lower for new purchase of properties or up to 100% of property valuation for refinancing.
  • Interest rates from year 4 onwards is at Singapore Residential Financing Rate (SRFR) which is currently at 3.75% p.a.
  • Terms and conditions apply.
 
   
 
Home Loan Board Rate*
Singapore Residential Financing Rate (SRFR)
3.75 % p.a.

Effective from: 22 January 2007

*All new Home Loan packages will be pegged to the board rate stated above. For more information on the variety of Home Loan packages available, please call 1800-MAYBANK (1800-629 2265) or (65) 6533 5229 (Overseas), or visit any of our 22 Branches in Singapore.

HDB Bridging Loan Rate
Prime + 3.50 % p.a.
Effective from: 27 February 2002