hello good day

I read conflicting opinions on early settlement rebate for personal loan , particularly Maybank Personal Financing-i

Do I get rebate for settling early (within half of the tenure) ? (Meaning only pay the outstanding principal + 3% fee)

I do know that citibank personal loan allows it (pay only principal), even though the rate is flat

any help appreciated

did you read the loan offer letter?
different bank different terms

Maybank personal loan islamic no lock in period penalty for early settlement. Only th conventional got penalty.

But the conventional 1 much faster approve. Ilamic god damn slow with akad thing n stuff...

recently applied this maybank personal loan-i.

may i know how is the success rate for this loan?

Loan applied: 12k

Current gross salary: RM3300
Current commitment:
Credit cards: UOB- 5k, Maybank: 6K, both cards not burst.
Personal loan: RM235 per month


any sifu/ applicants can share the experience/ info?

pretty low amount, "they say". if salary is 3K, maybe can only borrow 2.5x

Good luck getting loan approve from them. The rate is low but my god very the strict....i was their exec hanling personal loan the last 5 years. On average from 20 ppl apply usually 1 or 2 only approve.

Seriously?
Even thought my monthly salary is banked in through Maybank and currently holding one maybank credit card?

Hi there, noted bro. you tried applying before as well?

mine already approved. that's why i opened this thread lol

ocbc is 9%, citibank is 8% (both depends on income, not tenure)

Hi, just wondering if TS or anyone has any knowledge/experience doing early settlement for the maybank personal financing-i .

im planning to borrow 30k from them (based on maybank2u, its 7%p.a), for 5 years. but i also planning to make an early settlement after selling my house, expect within 6-8 months. it is mentioned there is no penalty fee for early settlement on this package. but im not sure whether will they give rebate for early settlement like most conventional loans.

Borrow : 30,000
Pay Back : (7/100 x 5 x 30000) = 40500
Monthly : 675 (40500 / 60 mnths)
Balance after 6 month : 40500 - (675 x 7) = 36450

So if I made early settlement after 6 months, do I have to pay 36450 or there some kind of rebate and calculation ? and appreciate if someone also have est information the amount i need to pay for the early settlement if got rebate. thanks