The Maybank Personal Loan table and application provide borrowers in Malaysia with a clear overview of repayment obligations and a convenient online process to apply for financing. The repayment table covers loan amounts from RM5,000 to RM100,000, with flexible tenures ranging from 2 to 6 years. Maybank applies fixed interest rates between 6.5% and 8%, depending on the approved loan amount. For example, loans below RM20,000 are charged 8%, loans between RM20,001 and RM50,000 carry 7%, and larger loans between RM50,001 and RM100,000 qualify for the lowest rate of 6.5%. The table translates these rates into monthly instalments, such as approximately RM243 for a RM10,000 loan over 5 years at 7%, allowing borrowers to plan repayments in advance.
Maybank personal loan applications can be made digitally through the MAE app or the Maybank2u website, where applicants complete an online form and upload documents such as MyKad, recent salary slips, and bank statements. The loan is unsecured, meaning no guarantor or collateral is required, though eligibility is subject to credit checks. Basic criteria include being a Malaysian citizen aged 21 to 60 years old with a minimum monthly income of RM3,500. Once approved, funds are typically disbursed quickly, making Maybank Personal Loan a practical choice for those seeking fast, fixed-rate financing with transparent repayment terms.
Maybank Personal Loan Table and Application
What Are the Latest Maybank Personal Loan Interest Rates?
As of August 2025, the Maybank Personal Loan interest rates remain fixed between 6.5% and 8% per annum, depending on the approved financing amount. Loans from RM5,000 to RM20,000 are charged at 8%, loans between RM20,001 and RM50,000 carry a 7% rate, while larger loans from RM50,001 to RM100,000 qualify for the lowest fixed rate of 6.5%. When calculated as effective annual rates, the range is approximately 11.53% to 14.68%, reflecting the true cost of borrowing with compounding included.
For example, a RM30,000 loan over 4 years at 7% results in monthly repayments of about RM723, illustrating how instalments are structured under the fixed rate. These rates are standard across Maybank and are non-negotiable, though they remain competitive since they exclude processing fees. Borrowers should also note that an early settlement charge of 3% applies until March 2025, after which the penalty is waived, giving added flexibility for customers who may want to clear their loans early.
How Does the Maybank Personal Loan Repayment Table Work?
The Maybank Personal Loan repayment table functions as a structured guide that shows how much borrowers need to pay each month based on their loan amount, tenure, and fixed interest rate. It covers repayment periods of 24, 36, 48, 60, and 72 months, with instalments calculated using a flat-rate formula. For example, a RM50,000 loan over 5 years at 6.5% results in a fixed monthly repayment of about RM982, ensuring predictable and manageable instalments throughout the financing period.
The table also helps borrowers understand the total interest cost of their loan. Using the same example, the total repayment would amount to RM58,920, meaning the total interest (or financing profit) is RM8,920 over the full tenure. Since repayments remain constant, the table makes it easier for borrowers to budget their monthly finances. For more detailed calculations, applicants can either refer to the official repayment table PDF provided on Maybank’s website or use the MAE app’s loan calculator to generate customised estimates based on their income and preferred tenure.
What Are the Eligibility Criteria for a Maybank Personal Loan?
Eligibility for a Maybank Personal Loan requires applicants to be Malaysian citizens aged 21–60 with a minimum monthly income of RM3,500. Salaried employees must provide 3 months’ payslips, while self-employed individuals submit EPF statements or business registration documents.
Government and corporate payroll customers often receive faster approval. Joint applications are not permitted, and the loan amount cannot exceed 10 times the applicant’s monthly income. Those with existing Maybank loans may face additional scrutiny.
What Documents Are Needed to Apply for a Maybank Personal Loan?
Required documents include a MyKad (front and back), latest salary slips or EA/EPF forms, and 6 months’ bank statements. Self-employed applicants must add business registration proof and tax returns (Form B or BE). Foreigners with PR status need passports and employment passes.
Maybank may request additional documents like utility bills for address verification. Digital submissions via the MAE app must be clear and legible to avoid delays. Incomplete applications are rejected within 3 working days.
How to Apply for a Maybank Personal Loan Online?
You can apply for a Maybank Personal Loan online through the MAE app or the Maybank2u website.
- Applicants begin by logging in, selecting the “Personal Loan” option, and completing an online form with their personal, employment, and income details.
- Required documents such as MyKad, recent salary slips, and bank statements can be uploaded directly.
- Borrowers then select the loan amount and tenure, after which the system automatically calculates the monthly instalments based on Maybank’s fixed interest rates, allowing applicants to preview their repayment commitment before submitting.
- Once submitted, applications are reviewed within 1 to 3 working days for customers with salary accounts at Maybank, and approved funds are disbursed directly into the applicant’s Maybank account.
- For those without an existing Maybank relationship, an additional branch visit for identity verification may be required to complete the process.
- While instant approvals are not the norm, they are sometimes offered to existing customers with pre-approved offers and strong credit histories, making the digital route both convenient and efficient for qualified applicants.
What Is the Maximum Loan Amount and Tenure for Maybank Personal Loans?
The maximum loan amount for Maybank Personal Loans is RM100,000, or up to 10 times the applicant’s monthly income, whichever is lower. Borrowers can choose repayment tenures between 2 and 6 years, with shorter terms resulting in higher monthly instalments but lower overall interest costs. For instance, taking the maximum RM100,000 loan over 6 years at 6.5% requires monthly repayments of about RM1,678, spreading the commitment more affordably across the tenure but incurring higher total interest.
Opting for shorter terms helps reduce financing costs significantly. For example, a RM50,000 loan repaid in 2 years at 7% results in monthly instalments of around RM2,239, but the borrower saves approximately RM5,304 in interest compared to stretching the same loan over 6 years. This flexibility allows applicants to balance affordability with cost efficiency, depending on their income stability and financial goals.
Are There Fees or Penalties for Maybank Personal Loans?
The Maybank Personal Loan is structured to be transparent with minimal upfront charges, as it carries no processing or stamping fees. However, borrowers should be aware of certain penalties tied to specific scenarios. An early settlement fee of 3% of the outstanding balance (capped at RM200) applies if the loan is repaid in full before March 2025. After this date, the penalty is waived, allowing customers to clear their loans early without additional cost. For late payments, a 1% per annum penalty is charged on the overdue instalment amount until it is settled.
Borrowers may also opt for Credit Shield insurance, which protects against unforeseen circumstances such as death or disability. This comes at a cost of about 0.21% of the loan amount per month, added to the instalments. To illustrate, settling a RM20,000 loan early before March 2025 would trigger a fee of around RM600, while timely repayments incur no additional charges. Defaults, however, are reported to CCRIS, which can negatively impact future financing applications. This structure ensures that as long as repayments are made on time, borrowers face no extra fees beyond their agreed instalments.
How Does Maybank Personal Loan Compare to Islamic Financing-i?
The Maybank Personal Loan and Maybank Islamic Personal Financing-i are designed with similar features in terms of loan amounts, fixed rates (6.5%–8%), and tenures of 2 to 6 years, but they differ fundamentally in structure. The conventional personal loan applies interest-based calculations, while the Islamic product uses the Tawarruq concept (commodity trading) to ensure Shariah compliance, with profit rates replacing interest. Both products require similar eligibility criteria, such as Malaysian citizenship, age between 21 and 60, and a minimum monthly income of RM3,500, along with standard supporting documents like MyKad, salary slips, and bank statements.
The key distinction lies in settlement terms. The Islamic Personal Financing-i typically waives early settlement fees entirely, offering flexibility to borrowers who wish to clear their financing ahead of schedule. In contrast, the conventional personal loan has an early settlement penalty of 3%, which is only waived temporarily until March 2025. For borrowers with access to employer-linked plans, Salary Financing-i offers lower profit rates of 5.5%–6.5%, though it is limited to selected government and corporate employees. Ultimately, the choice between the two depends on religious preference, cost considerations, and employment eligibility.
What Are the Alternatives to Maybank Personal Loans?
The main alternatives to Maybank Personal Loans include other Shariah-compliant and conventional financing options, as well as loans from competing banks and non-bank providers. Within Maybank itself, borrowers can consider Salary Financing-i, which is tailored for government and corporate employees. This product typically offers financing from RM10,000 to RM200,000 with profit rates between 5.5% and 6.5%, and repayment tenures ranging from 2 to 10 years. Another specialised option is Hajj or Umrah financing, designed for pilgrims, with profit rates starting at around 5.9% per annum.
Outside Maybank, other banks such as CIMB, RHB, and Bank Rakyat provide comparable personal financing products, though some may impose stricter eligibility requirements or require salary transfer arrangements. Non-bank lenders, such as AEON Credit, are also an option, especially for applicants with weaker credit profiles, but their interest rates are generally much higher, ranging between 12% and 18% per annum. What makes Maybank’s personal loan products stand out is the absence of processing fees and the digital convenience offered through the MAE app and Maybank2u, which streamline applications and approvals, particularly for existing Maybank customers.
How to Contact Maybank for Personal Loan Queries?
The easiest way to contact Maybank for Personal Loan queries is by calling their customer service hotline at 1-300-88-6688, which operates nationwide. Borrowers can also visit the nearest Maybank branch to speak directly with a loan officer for personalised assistance. For digital options, queries may be submitted via the Maybank2u (M2U) web chat, while general inquiries can be sent to [email protected]. The bank typically responds to emails within 48 hours, though sensitive account or application details are not shared through this channel for security reasons.
Applicants can also manage their loan applications digitally through the MAE app, which provides real-time updates, notifications, and in some cases, pre-approval loan offers for eligible customers. This system helps speed up the process by allowing borrowers to track progress without needing to call or visit a branch. With these multiple contact and tracking options, borrowers can choose the method that best suits their convenience while ensuring timely updates on their financing status.