Maybank personal loan application form malaysia

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Fees & Charges

• Processing Fee: 2% of loan amount or minimum S$200; whichever is higher.
• Cancellation Fee: 2% of undrawn or cancelled amount minimum S$100
• Prepayment / Full Redemption Fee: 2% of amount prepaid or redeemed minimum S$100. A minimum notice period of 1 month or payment of interest in lieu is required.
• For Prepayment only: Each prepayment shall be made in multiples of S$1,000, with the prepaid amount not more than 50% on the original approved loan amount and the outstanding loan does not fall below S$5,000 after the prepayment.
• Cashier's Order/Remittance: Prevailing fees and charges as listed in the Rates & Charges are applicable and in the event of reissuance of Cashier's Order due to loss/damage/expired.
• Late Charge: S$60 per month if account is in arrear
• Default Interest : Renovation Loan Board Rate [RBR] + 3%p.a. (min S$20) on amount in arrears.

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