Maybank Personal Loan – Apply Up to PHP 1 Million


Maybank Philippines is one of the leading financial institutions in the country, providing a wide range of banking services to its clients. One of their products is the Maybank Personal Loan, which is available to both employed and self-employed individuals who meet the bank’s eligibility criteria.

A personal loan is a type of loan that is taken out for personal use. Unlike secured loans, which require the borrower to put up collateral, personal loans are unsecured. They can be used for a variety of purposes, such as financing a wedding, consolidating debt, or funding a vacation.

Maybank’s personal loan, also known as the enAble Personal Loan, offers borrowers a loanable amount of up to 1 million Philippine pesos. This amount is ideal for those who need a substantial sum of money to cover a significant expense.

Another excellent feature of the Maybank personal loan is its flexible payment terms, which can be as long as 36 months. This allows borrowers to customize their repayment schedule to fit their financial situation.

Key Benefits of Maybank Personal Loans

One of the main advantages of Maybank’s Personal Loan is its competitive monthly interest rate, which can start as low as 1.3%. This relatively low-interest rate is a considerable benefit to borrowers, as it helps them to avoid high interest charges.

Maybank’s personal loan also has a fixed interest rate. This means that the interest rate remains the same throughout the life of the loan, providing borrowers with peace of mind and ensuring they budget accordingly.

Apart from the interest rate, Maybank also charges a processing fee and a stamp duty fee for their personal loan. The processing fee ranges from₱2,000.00 to ₱3,000.00, depending on the borrower’s location, while the stamp duty fee is ₱1.00 for every ₱200.00 on the amount exceeding ₱250,000.00. These fees and charges can be clearly seen on the loan agreement and can be included in the loan amount.

Fees and Charges for Maybank Personal Loans

Maybank’s Personal Loan offers borrowers the platform for making their dreams come true or overcome financial challenges without placing collateral. However, borrowers must be mindful of the fees and charges that come with this loan option.

Maybank charges a processing fee that depends on the borrower’s location. Borrowers living outside Metro Manila are charged a processing fee of ₱2,000.00, while those in Metro Manila are charged ₱3,000.00. These fees are due upon the loan’s approval, and they cover the expenses related to the processing of the loan application.

Another fee that may apply to a Maybank Personal Loan is the stamp duty fee. This fee amounts to ₱1.00 for every ₱200.00 of the loan amount exceeding ₱250,000.00. Essentially, this means that borrowers need to pay a percentage (0.5%) of the excess loan amount as stamp duty.

Applying for Maybank Personal Loans

The application process for a Maybank personal loan is easy and straightforward, with different options available to borrowers. They can choose to visit a Maybank branch, use the Maybank online banking platform, or use the Maybank2U PH mobile app to apply for the loan.

Applying through any of these channels is convenient and easy. Applicants need to provide their personal information, such as name, address, and contact details. Additionally, they will be required to provide employment and income information and supporting documents such as government-issued IDs, proof of income, and proof of residence.

Once the application is submitted, Maybank will review it to assess the borrower’s eligibility for the loan. If the application is approved, the borrower will receive the loan funds and can use them for their intended purpose.


Maybank’s Personal Loan is a fantastic option for those who want to borrow money for personal use. With its affordable interest rates, flexible payment terms, and a maximum loan amount of 1 million Philippine pesos, borrowers can obtain the financial support they need to achieve their goals.

The application process for a Maybank personal loan is simple and straightforward, and the bank offers different channels for borrowers to apply, making it convenient and easy.

However, borrowers need to be mindful of the fees and charges that come with Maybank’s personal loan option. The processing fee and stamp duty fee can raise the cost of borrowing, so it’s essential to consider them when applying for a loan.

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CashLoanPH Changed status to publish 01/05/2023