Maybank Salary Loan / Financing

What are the benefits?

Consolidate your loans/financing and reduce your overall monthly commitments for a stronger financial foundation.

Enjoy financing rates as low as 5.70% p.a. exclusively for employees of designated companies, state government and industries.

Affordable monthly repayments as low as RM110 per month*
High financing amount up to RM200,000
Ease of making monthly repayments through salary deduction or Maybank2E deduction
Flexible repayment periods from 2 years to 10 years or to retirement age (whichever is earlier).
No collateral or guarantor required.
Options to add on Insurance/Takaful protection.

*Based on a financing amount of RM10,000 with a 10 years tenure

Features

Financing Amount

Minimum Financing: RM10,000

Maximum Financing: RM200,000 or 20x basic salary inclusive of fixed allowance (whichever is lower)

Tenure

Minimum: 2 years

Maximum: 10 years or up to retirement age (whichever is earlier)

Repayment Method	Financing Tenure
2-10 Years
Salary Deduction by Employer	Effective rate: 5.70% p.a. (SBR + 2.70%)
Deduction by Maybank2E	Effective rate: 5.75% p.a. (SBR + 2.75%)

Repayment Method

Financing Tenure

2-10 Years

Salary Deduction by Employer

Effective rate: 5.70% p.a.

(SBR + 2.70%)

Deduction by Maybank2E

Effective rate: 5.75% p.a.

(SBR + 2.75%)

Standardised Base Rate at 3.00% p.a. effective from 8 May 2023

Click below to view the Repayment Table

Repayment table

Are you eligible?

Malaysian Citizen
Minimum monthly salary of RM3,000 (inclusive of fixed allowances)
Age 21 to 58 years old.
Confirmed and permanent employees of designated companies, public universities, healthcare institutions, government-linked investment companies and financial institutions
For details of the eligible companies, click below:

List of companies

Interested to Apply?

Contact Us

Step 1: Fill-up the Maybank Salary Financing/-i Application Form

Download form

Step 2: Prepare the required documents

Copy of NRIC of applicant
Latest 3 months’ salary slips
Latest 3 months’ bank statement/EPF statement/EA/BE Form
Employer’s confirmation letter
Redemption Statement from other Financial Institution (if applicable)**

**Redemption Statement is a statement or redemption letter is essentially a legal document that lays out the exact amount that you need to pay the bank.

Step 3: Submit completed application form and required documents via email to salaryfinancing@maybank.com

Email now

Alternatively, you may submit the completed application form and required documents to the nearest Maybank branch.

All applications for Salary Loan/Financing are subject to Maybank’s credit assessment, approval and other applicable terms and conditions

Fees & Charges

Stamp duty: RM5 for every RM1,000 of the loan / financing amount
Insurance / Takaful add on

The charges will be deducted from the financing amount.

More information

Product Disclosure Sheet	Secured Financing
Islamic Financing	Product Disclosure Sheet (EN)
Islamic Financing	Product Disclosure Sheet (BM)

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