Maybank Salary Financing-i - Loanpanda

Maybank Salary Financing-i

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Maybank Salary Financing-i

Apply now

Key Features

Get financing up to RM400,000 or 20x of your basic salary (inclusive of fixed allowance).
Affordable monthly repayment with flexible repayment periods from 2 years to 10 years or to retirement age (whichever is earlier).
Ease of making monthly repayments through salary deduction.

Other Features

Min. Financing Amount: RM 10,000
Max. Financing Amount: RM 400,000
Collateral: No collateral or guarantor required.
Early Settlement: No penalty charge imposed and will be grant rebate (ibra’).
Insurance/Takaful protection: Options to add on Insurance/Takaful protection.

Eligibility

Employment Eligibility: Employees of designated companies, public universities, government hospitals, selected private hospital, and selected financial institutions
Age Requirement: 21
Min. Monthly Salary: RM 3,000
Nationality: Malaysian citizen
Age: Age 21 to 58 years old
Employment: Confirmed and permanent employees of designated companies, public universities, government hospitals, selected private hospital, and selected financial institutions.
Monthly Salary: RM 3,000 and above (inclusive of fixed allowance)
Application Form: Maybank Salary Financing-i application form

Fees and Charges

Stamp Duty: Ad-valorem i.e RM5.00 for each RM1,000.00 of the financing amount to be borne by customer by deducting from the financing amount.
Advance payment: Two (2) months instalment payment will earmarked from financing for the purpose of payment of arrears in instalment (if any)
Bankruptcy Search: To be borne by customer
Late Payment Penalty Charge: Late payment charge of 1% p.a. will be imposed on overdue amount

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