Live sustainably and be rewarded with Maybank CreditAble
Maybank CreditAble is a personal line of credit that is here to support your eco-conscious lifestyle - from shopping for eco-friendly products to travelling sustainably.
For a limited time only, be rewarded with Takashimaya Gift Vouchers (worth S$120) and My Green CreditsTM by SP Group (worth S$24) when you apply for Maybank CreditAble Term Loan with approved loan of S$5,000 & above and a minimum 24-month tenure. Plus, enjoy S$0 processing fee when you apply online. Promotion is valid till 30 April 2025.
Terms and Conditions apply.
For existing CreditAble customer
Not a CreditAble customer?
Benefits at a Glance
- Up to 4X your monthly salary
- Low interest rate of 2.86% p.a. for Term Loan
- 0% Processing Fee waiver when you apply online
Rates & Tenors
| Repayment Period | Processing Fee | Interest Rate | Effective Interest Rate |
|---|---|---|---|
| 12 months |
|
2.86% p.a. |
5.24% p.a.
|
| 24 months |
5.40% p.a.
|
||
| 36 months |
5.42% p.a.
|
||
| 48 months |
5.41% p.a.
|
||
| 60 months |
5.39% p.a.
|
Effective interest rates are subject to compounding if monthly interest charges are not paid in full.
About My Green CreditsTM (MGC)
Maybank partners with SP Group to provide My Green Credits™ (MGC) worth $24 to successful applicants of Maybank's CreditAble Term Loan.
Everyone can contribute to a low-carbon, smart energy Singapore by purchasing Renewable Energy Certificates (RECs), known as MGC on the SP app.
The complimentary MGC from your successful application of Maybank’s CreditAble Term Loan allows you to offset your electricity carbon footprint of your household.
For more information on My Green Credits™ by SP Group, visit here.
Note: MGC does not offset your electricity bill.
| Illustration | Offset up to 100% your household electricity carbon footprint |
|---|---|
| Based on national monthly average electricity consumption of a 5-room HDB flat | 409 kWh |
| Value of complimentary My Green Credits™ (from Maybank CreditAble Term Loan) per month for 10 months | S$2.40 |
| Conversion of $2.40 of My Green Credits™ into electricity carbon footprint offsets (at conversion rate of S$0.14 = 25kWh*) | 428 kWh (S$2.40 / S$0.14 X 25 kWh) |
| Based on national monthly average electricity consumption of a 5-room HDB flat at 409kwh^ | 100% (428 kWh / 409 kWh) |
| Conclusion | Your S$2.40 monthly worth of My Green Credits™ compliments from Maybank CreditAble Term Loan will help to offset your 428kWh electricity carbon footprint - equivalent to offsetting 100% of the electricity carbon footprint of a 5-room HDB flat. |
^The carbon footprint of a 5-room HDB flat is based on Singapore's national monthly average electricity consumption of a 5-room HDB flat published by the SP Group (source: https://www.spgroup.com.sg) for the year 2023.
*Successful Maybank CreditAble Term Loan applicants can get S$24.00 worth of My Green Credits™ compliments from Maybank. Instructions will be provided on how to redeem the My Green Credits™ through a unique promo code worth S$2.40 for 10 months (S$2.40 monthly x 10 months, total worth S$24.00).
Eligibility
- Age: 21 to 65
- Singapore Citizens or Singapore Permanent Residents
- Annual income: S$30,000
Terms and Conditions
- This promotion is exclusive to new Maybank CreditAble customers and applicable for CreditAble Term Loan approved by 30 April 2025.
- Each eligible customer shall only receive the exclusive gifts once under this Promotion, regardless of the number of successful Maybank CreditAble Term Loan applications or the Maybank CreditAble Term Loan amount.
- If there are more than one loan approved, the loan with the earliest approved date that meet the campaign requirements will be considered.
- Other Terms and Conditions apply