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Personal Line of Credit

CreditAble Fund Transfer

Enjoy interest savings when you transfer funds from your Maybank CreditAble to any bank’s credit card, credit line, savings or current account.

Key info


  • No interest charges for 3 or 6 months
  • Minimal processing fee

Benefits


  • 0% interest rate with processing fee from as low as 0.68% p.a. (EIR at 2.80% p.a.)
  • Cash savings of up to 89%

Here's how much you'll save with Maybank Fund Transfer

Option

A

B

C

Tenures (Months)

6 months

6 months

3 months

Fund Transfer amount

S$10,000

S$2,000

S$1,000

Interest payable at 25.9% p.a. with other credit cards or line of credit

S$1,295

S$259

S$64.75

Interest payable (p.a.) with Maybank¹

S$0

S$0

S$0

Processing Fee Charge

1.38%
(EIR: 2.96% p.a.)

1.88%
(EIR: 4.02% p.a.)

0.68%
(EIR: 2.80% p.a.)

Processing Fee Payable

S$138

S$37.60

S$6.80

Cash savings²

S$1,157
(89%)

S$221.40
(85%)

S$57.95
(89%)

¹Subject to good account conduct, otherwise prevailing interest rate of 19.8% p.a. will apply.
² Figures have been simplified and rounded off for illustration purposes.

 

Interests & Tenures


Tenure³
(Months)

Interest Rate4

Processing Fee

Minimum Loan Amount

3 months

0% p.a.

0.68% p.a.
(EIR 2.80% p.a.)

S$1,000

6 months

0% p.a.

1.38% p.a.
(EIR 2.96% p.a.)

S$10,000

6 months

0% p.a.

1.88% p.a.
(EIR 4.02% p.a.)

S$2,000

12 months

4.99% p.a.

-

S$2,000

³Prevailing interest rate applies thereafter.
4Subject to good account conduct, otherwise prevailing interest rate of 19.8% p.a. will apply.

Eligibility


All Maybank CreditAble Customers

Useful Information


Terms and Conditions (PDF)

Note
The minimum monthly repayment amount** on your Fund Transfer Account(s) that starts with 04133XXXXXX is 3% of Total Payment Due or S$10, whichever is higher. The required minimum amount payable shall include any outstanding amount ("Past Due") from your previous statements.

**Applies only to Fund Transfer Accounts. The minimum monthly repayment for CreditAble Account remains the same, and is according to the Terms and Conditions in the Maybank CreditAble Agreement.