Maybank Car Loan

Let Maybank take you one step closer to your dream car with our attractive interest rates. Enjoy great savings with one of the most competitive rates in town, starting from 3.25% p.a.

Benefits

• Financing of up to 90% of the purchase or valuation price, whichever is lower
• Financing for up to 10 years*
• Attractive interest rates (flat-rate scheme)
• Fixed monthly instalments throughout your repayment period
• GIRO payments available for your convenience

* For used cars, the following shall apply:

Age of Car	Margin of Financing	Tenure
Less than 10 years old	Up to 90%	Age of car + tenure must not exceed 10 years
More than 10 years old (not exceeding 20 years old)	Up to 70%	Maximum of 7 years for revalidated COE of 10 years } Maximum of 4 years for revalidated COE of 5 years } Tenure must not exceed maturity period of COE

Interest rate

From as low as 3.25% p.a.

Who can apply

• Singapore Citizens, Singapore Permanent Residents, Foreigners
• Foreigners with Employment Pass must appoint a local guarantor
• At least 21 years of age

Documents required

• Sales/Purchase Order
• Photocopy of your NRIC/Passport
• One of the following income documents
  • Latest computerised payslip
  • CPF Statement of Account, or
  • Income Notice of Assessment
• For used cars
  • Transfer of Vehicle Ownership (Acknowledgement), or
  • PARF/COE Rebate Enquiry
• Your contact number(s)

To apply, call us or download the application form (PDF) here.

Questions? Our FAQ may help.

Source: Maybank Car Loan

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Maybank Education Loan (Local Studies)

Get a loan quantum up to 6 times of your monthly income; flexibility to apply with Guarantor if you do not meet the loan criteria on your own.

Key info

• Attractive interest rate of 4.78% p.a.
• Flexible repayment period of up to 8 years
• Interest Servicing scheme and Partial Repayment scheme available

Say yes to the unparalleled opportunity to learn all you can, while paying only what you can afford.

Benefits

• Easy and flexible repayment options, including Interest Servicing Scheme, Partial Repayment Scheme and Standard Repayment Scheme
• Repayment period of up to 8 years
• Loan amount of up to 6 times of your monthly income
• For courses conducted in Singapore (part-time or full-time basis)
• Up to 3 free Cashier's Orders or Demand Drafts for payment of your tuition fees

Interest rate

• Please call 1800-MAYBANK (            1800-629 2265      ) or visit our branch to find out more!

Choose between 3 repayment schemes

Option A – Interest Servicing scheme followed by Standard Repayment scheme

Loan Amount               : S$10,000

Total Loan Tenure      : 6 years

Loan Scheme	Loan Tenure	Interest Rates	Monthly Instalment
Interest Servicing	2 years	4.98% p.a.	S$42
Standard Repayment	4 years	4.78% p.a.	S$230

Option B – Partial Repayment followed by Standard Repayment

Loan Amount               : S$10,000

Total Loan Tenure      : 6 years

Loan Scheme	Loan Tenure	Interest Rates	Monthly Instalment
Partial Repayment	2 years	4.88% p.a.	S$126
Standard Repayment	4 years	4.78% p.a.	S$180

Option C – Standard Repayment scheme only

Loan Amount               : S$10,000

Total Loan Tenure      : 4 years

Loan Scheme	Loan Tenure	Interest Rates	Monthly Instalment
Standard Repayment	4 years	4.78% p.a.	S$230

Who can apply

Main Applicant (student),

• Singapore Citizen, Singapore Permanent Resident
• Minimum 18 years of age; maximum 65 years of age upon loan maturity
• For ages below 18 years, an immediate family member of the student will apply as the Main Applicant
• Minimum income of S$18,000 p.a. (for part-time studies only)
• Pursuing a course conducted in Singapore (part-time or full-time basis)

Guarantor must be

• Singapore Citizen, Singapore Permanent Resident
• Minimum 21 years of age; maximum 65 years of age upon loan maturity
• Minimum income of S$30,000 p.a.

Documents required

• NRIC (front and back) of Main Applicant/Guarantor(s)/Student
• Income documents of Main Applicant/Guarantor(s)
  For salaried applicants
  • Latest computerised payslip, or
  • Latest Income Tax Notice of Assessment, or
  • Past 6 months' CPF Statement of Account
  For self-employed/ commission-based earners
  • Last 2 years' Income Tax Notice of Assessment
• Acceptance letter from school stating type and duration of course
• Proof of relationship between Main and Joint Applicant/Guarantor

Download and complete the Application Form (PDF) and send/fax it to us with the necessary documents. Or make an appointment with our Lifestyle Finance Executives for a non-obligatory consultation.

Source: Maybank

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