Maybank

Maybank was established in the year 1960 in the Philippines and has since grown to become one of the largest banks in Malaysia. In 2000, the bank was ranked as one of the top 500 banking entities in the world. In addition, various financial products and services are offered to its consumers with total security and transparency.

Among the services offered by this bank to consumers, the following have been the most valued: Islamic banking, asset management, stock brokerage, investment banking, commercial banking, private banking, etc.

History of Maybank

It was established in 1960 and opened more than 150 branches in the country. The banking institution has been headed by Abdul Aziz, who held the position from 2002 to March 2008. He later left the bank when he was appointed as a minister in the government. Since then the person in charge of the Corporation has been Abdul Omar.

Through this financial entity you can access different financial services and products that they offer for individuals and companies.

Featured maybank products and services

Through this financial entity you can access a personal loan that is granted in fixed monthly installments and can be repaid within a maximum period of up to 36 months. You can request a personal loan between 500,000 PHP up to a maximum of 1,000,000 PHP.

Another popular service offered by this financial institution is car loans. A person can access a personal loan to buy a vehicle that can be up to 10 years old. The banking institution offers a loan with the best conditions and terms for the client. Also, the interest rates are quite low.

If you own a company you can also access financing, although you must contact the bank directly to find out what type of financial services they can offer you.

What are the requirements to obtain a loan at Maybank?

If you want to access a loan through this Philippine bank, you must meet the following requirements:

• You must be a Filipino citizen and be at least 23 years of age and no more than 65 years of age.
• Your home or business address must be within the bank's jurisdiction.
• You must have a landline phone, an office phone and a personal mobile phone number so they can contact you.
• If you are an employee, you must have at least 2 years of experience in the same company and receive a minimum basic salary of 25,000 PHP.
• If you are self-employed, you must have practiced the same profession or activity for at least 5 years.

Other requirements may be requested by the bank to study your case.

Advantages of Maybank

The advantages of requesting a personal loan through Maybank are the following:

• You can access a wide range of financial products and services.
• The bank offers a higher amount than other lenders to its clients.
• The interest rates are quite low compared to other financial or banking entities.

Disadvantages of Maybank

Although there are many more advantages that maybank offers to clients, some inconveniences must also be assessed before making a decision about requesting a personal loan with the bank.

Potential clients are required to meet greater requirements to apply for a loan through this bank.

In addition, the interest payable for a car loan is a little higher compared to the interest on personal loans.

How can the loan be repaid to Maybank?

If you have applied for a personal loan and want to repay it, you cannot do this using cash, but through online banking, by making a transfer at the ATM, or with a check.

Maybank reviews

The opinions that consumers have regarding this bank are quite positive. The best thing is that the bank offers a wide range of financial services and products to its customers. You can apply for a personal loan whose amount does not exceed PHP 1,000,000. In addition, the personal loan can be repaid in easy installments.

If you want to access credit or personal loan with total safety, you can do so through this financial institution since they are registered with the SEC and meet the minimum requirements to be able to offer security to their clients.

Maybank customer service

If you want to contact Maybank, it is best to go to an office that is close to home. Their customer service through the web can be a bit slow since they have a lot of demand from users. However, you can find different channels or means of communication through which you can communicate with this company on the official website.