The Philippines is a country with limitless possibilities. This also means that Filipinos also have access to unlimited financial opportunities provided by financing institutions committed to uplifting the lives of many Filipinos by providing access to financial products and services – and Maybank is not an exception to this.
With over 20 years of presence in the country, they have made it possible for Filipinos to have access to competitive financial products and services.
Written by: Piggyy
Maxihome Loans
Personal Loan
Brand New Car Loan
Auto Loan Refinancing
Used Car Loan
Retail SME Loan
Bank services
Maybank Philippines, Inc. (MPI) has been in operation for more than twenty years in the Philippines and offers a wide array of financial products such as ending (personal loans, commercial loans, corporate loans), deposit-taking, electronic banking, credit card, cash management services, remittances, trust, and fiduciary accounts, and treasury products and services.
Currently, they have more than 60 branches nationwide with over 90 offsite and onsite ATMs. Maybank is also part of the Maybank Group which is present in 18 countries, namely: Malaysia, Singapore, Indonesia, Philippines, Brunei Darussalam, Cambodia, Vietnam, Laos, Myanmar, Thailand, Hong Kong SAR & People’s Republic of China, Uzbekistan, Pakistan, India, Saudi Arabia, United Arab Emirates, United Kingdom and the United States of America.
MPI is registered under the Securities and Exchange Commission (SEC) and is regulated by the Bangko Sentral ng Pilipinas (BSP). Their main office is located at Maybank Corporate Center, 7th Avenue corner 28th Street, Bonifacio Global City, Taguig City.
For customer service concerns, they may be reached through the following:
A person or a business owner will need a vehicle to support the operations of their existing business or simply, to make traveling of individuals much more comfortable or safer. With Maybank, there are different auto loan options for the different needs of people.
Owning a car can be expensive, especially if you do not have the cash to pay for it upfront. With Maybank, an aspiring car owner will get one through a car financing made easy.
For some people, getting a personal or a business loan can be difficult without collateral. Getting the needed financing can be done by putting up the borrower’s existing vehicle as collateral even if the vehicle is already ten years old.
Businesses make their operations more efficient when they have their own vehicles or trucks to take care of their logistic needs. However, a lump sum purchase of these vehicles can be expensive especially if more than one truck is needed. With Maybank, businesses can take a truck loan to meet their business needs.
Note: The eligibility and requirements to avail a truck loan are the same as Maybank’s Auto Loan Refinancing.
Some people prefer the cost-effectiveness of used cars when they can’t afford a brand new one. Others may need a second car to avoid the number coding scheme and make sure they can drive their own vehicle when the other one cannot be taken out. In either case, people can easily take out a used car loan with Maybank.
Same requirements for Auto Loan Refinancing.
Owning your dream home is a major milestone in life. And while some people are not able to afford to purchase their new home in cash, Maybank offers financing for whatever home purchase or improvement a person needs.
Borrowers looking at making their home purchase from condo units, a townhouse or a house and lot are able to do so with the Maxihome Loans Home Acquisition.
Minimum Loan Amount: Php500,000
Maximum Loan Amount:
Interest Rates:
This is the perfect loan for customers who already have a lot and are ready to build their dream home.
Interest Rates:
For borrowers who have other financing needs and would like to maximize the value of their home to use it for an equity loan, this is the answer that most borrowers are looking for.
Interest Rates:
Some banks offer a better service than others, especially regarding flexible payment terms and more competitive interest rates. Customers who are not happy with the financing service their current bank offers can also move their loan to Maybank.
Interest Rates:
Eligibility
Requirements
Basic requirements (for both spouses):
Income/Employment:
Collateral
If Purchased/Acquired From Accredited Developers:
With Filipinos facing many financial challenges every day, having a loan they can apply for to meet their needs is always a relief. The good thing about Personal Loans with Maybank is that the documentation and application process are made simpler and more accessible.
Minimum Credit Score: Not Applicable
Maybank offers a multitude of loan options that borrowers can choose from, specific to their needs. This allows them to apply only for the loan product that they specifically need and borrow an amount that is matched to their financial need.
Applying for a loan nowadays is made convenient when borrowers have more than one application option to choose from. Some people do not have the luxury of time to keep on going back and forth with the branch to process their loan application, others simply want the convenience that online loan applications offer. It can save them a lot of time and money.
When businesses have more access to financing, the company is able to grow their operations and increase profitability. And when businesses flourish, so will the economy and in the process, the lives of the people living within the community also prospers.
Borrowers have the option of applying in person for a loan through any of the Maybank branches nationwide. Online loan application is also available. For borrowers who choose to apply for a loan online, they can follow these simple steps. Visit the Maybank website
Click on the specific loan they wish to apply for. At the bottom of the page, click on the yellow button to Apply Now.
In applying for an auto loan, for example, the borrower will first be taken to the loan calculator in order to estimate the amount of financing afforded to them and the monthly amortization based on their repayment preference.
A loan summary will be shown and should the borrower wish to proceed, they can simply click on the Confirm button.
Provide the personal information required.
Once all the information has been provided, click on the button to agree with the Terms and Conditions and click on Agree and Confirm to complete the application process.
The borrower will then be required to capture / upload the supporting documents needed for the loan to get approved.
The loan application process is complete and the borrower need only wait for the verification and decision of Maybank regarding their application.
For Filipinos who wish to take advantage of competitive loan rates, flexible payment periods and higher than average loanable amounts, Maybank is an excellent choice. With the many loan offers that one can easily search on the internet, it is helpful for the borrower to find the perfect fit for their needs. After all, once a loan has been applied for, approved and agreed upon, one is already locked in with the terms. It is always helpful to choose the loan product wisely.
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