Maybank Debt Consolidation Plan | Maybank Singapore

Maybank debt consolidation debt repayment plan Singapore

Maybank Debt Consolidation Plan (DCP)
Easy Debt Repayment at Low Interest Rates

Consolidate all your unsecured credit facilities (credit card/credit line) outstanding balances across multiple financial institutions into one fixed monthly repayment with Maybank Debt Consolidation Plan.



Enjoy promotional interest rate from as low as 3.88% p.a. (EIR 6.92% p.a.)1 with up to 10 years loan repayment period and receive S$1,500 cash rebate upon approval of your Maybank DCP application!

Promotion Period: 25 November 2019 to 31 January 2020

Promotion terms and conditions for S$1,500 cash rebate apply.

1 The approved interest rate may differ from the published rate.

How it works

Debt Consolidation Loan AccountDebt Consolidation Loan Account
Consolidate all unsecured outstanding balances from multiple banks under Maybank Debt Consolidation Account into fixed monthly repayment
Revolving Credit FacilityRevolving Credit Facility
Credit Card of up to 1X your monthly income for your daily essential needs that comes with Debt Consolidation Plan


Ease of repaymentEase of repayment
Allows you to take control of your finances with fixed monthly repayment and ease of repayment to only one (1) Financial Institution
credit cardComplimentary credit card
A credit limit of 1X your monthly income will be given for your daily expenses.
Loan TenureLoan Tenure
Choice of repayment period up to 10 years for affordable monthly repayment
interest rateLower interest rate
Enjoy interest savings with lower interest rate as compared to credit cards and credit lines for faster pay down of your outstanding balances

Refinance your existing Debt Consolidation Plan to Maybank now and enjoy:

Low Interest rates

Enjoy savings on the interest charges with interest rate lower than your existing DCP.


  • Minimum age:
    • 21 years and above
  • Nationality:
    • Singapore Citizen or Permanent Resident
  • Annual Income:
    • At least S$30,000 and less than S$120,000
  • Balance to Income Ratio (BTI):
    • At least 12 times your monthly income

Documents Requirement

  • Completed and signed application form
  • Copy of NRIC (front and back)
  • Latest copy of your Credit Bureau Report (Get a copy of your Credit Bureau Report at
  • 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
  • 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

How to Apply

 Simply SMS us and we will be in touch with you.
SMS <DCP> <Name> to 79898
Contact Me Leave your contact details for us to call you back

Useful Links