Maybank Debt Consolidation Plan (DCP)

Consolidate your debts with one monthly bill repayment at low interest rates. Catch the best debt consolidation plan promotion today!

Promotion


Enjoy promotional interest rate from as low as 3.88% p.a. (EIR 6.92% p.a.)1 with up to 10 years loan repayment period and receive S$1,500 cash rebate upon approval of your Maybank DCP application!

Promotion Period: 01 July 2020 to 31 December 2020

 

Promotion terms and conditions for S$1,500 cash rebate apply.

How It Works


Debt Consolidation Loan Account

Consolidate all your unsecured credit facilities (credit card/credit line) outstanding balances across multiple financial institutions into one fixed monthly repayment with Maybank Debt Consolidation Plan.

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Revolving Credit Facility

Maybank Debt Consolidation Plan comes with a Credit Card with a credit limit of up to 1X your monthly income for your daily expenses.

Benefits


  • Easy Repayment
    Manage your loan repayment with ease and take control of your finances with fixed monthly repayments to only one Financial Institution.
  • Complimentary Credit Card
    This credit card comes with a maximum  credit limit of 1X your monthly income to provide you convenient mode of payment for your daily expenses.
  • Loan Tenure
    Choose up to a 10-year repayment period for affordable monthly repayments.
  • Lower Interest Rate
    Interest savings from a lower interest rate allows for faster repayments of outstanding balances.

Requirements


Age: 21 and above
Singapore Citizen or Singapore Permanent Resident
Annual Income: S$30,000 to S$120,000
Have total interest-bearing unsecured debt on all credit cards and unsecured credit facilities with financial institutions in Singapore that exceeds 12 times of your monthly income

 

APPLICATION DOCUMENTS

Full-time Employee

  • Completed and signed application form
  • Latest copy of your Credit Bureau Report
  • Proof of Balances showing billed and/or unbilled balances and/or new balance transfer/loan for all your Credit Cards or credit lines, such as statements and confirmation letter
  • Photocopy of NRIC (front and back) AND
  • Either of your:
    • Latest 12 months of CPF contribution history* OR
    • Latest computerised payslip

 

Self-Employed / Full-Commission Earner

  • Completed and signed application form
  • Latest copy of your Credit Bureau Report
  • Proof of Balances showing billed and/or unbilled balances and/or new balance transfer/loan for all your Credit Cards or credit lines, such as statements and confirmation letter
  • Photocopy of NRIC (front and back)
  • Latest 2 years of Income Tax Notice of Assessment**

 

Commission / Variable Income Earner

  • Completed and signed application form
  • Latest copy of your Credit Bureau Report
  • Proof of Balances showing billed and/or unbilled balances and/or new balance transfer/loan for all your Credit Cards or credit lines, such as statements and confirmation letter
  • Photocopy of NRIC (front and back)
  • Either of your:
    • Latest 12 months of CPF contribution history*
    • Latest 3 months of computerised payslip

How to Apply


Simply SMS us and we will be in touch with you.

SMS < > <NRIC> <Name> to 79898

 

Leave your contact details for us to call you back