Here’s how Maya Personal Loan is different from Maya Pay in 4
MAYA PERSONAL LOAN – This article will teach you about the difference between this loan and the Maya Pay in 4.
The Maya Pay in 4 is a loan product that lets you pay for services and goods in a total of 4 installments due every 2 weeks with as low as 0% interest using your Maya Wallet.
On the other hand, Maya Personal Loan is a loan product that helps you fund big life decisions with a cash loan of up to PHP 250,000 that you can pay in flexible monthly installments.
These two are loan products of Maya Bank, Inc. But what are the difference between these loan products?
Eligibility
In order to be eligible for Maya Pay in 4 loan product, you need to be at least 21-65 years old, have an upgraded Maya account, and shopping with a brand that offers Maya Pay in 4.
To be eligible for Maya Personal Loan, you need to be at least 21-65 years old, a Filipino resident, have an upgraded Maya account, and have been actively using your account for your transactions.
Benefits
With Maya Pay in 4, you can stretch your money with payments every two weeks with as low as 0% interest, shop at your favorite brands in-store or online, and also manage your money and track your payments in the Maya app.
But with Maya Personal Loan, you can loan up to PHP 250,000 in seconds, instantly receive your approved loan in your wallet, pay your dues using your wallet anytime or through auto-deduction on the due date, apply for a loan with no extra paperwork, guarantor, or collateral required using your upgraded account, and also get a monthly add-on rate as low as 0.83% (effective interest rate of 1.40% per month).
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