Here are the applicable fees when you use Maya Flexi Loan
MAYA FLEXI LOAN – This article will teach you about the applicable fees when you use Maya Bank’s credit line.
One of the loans offered by Maya Bank is Maya Flexi Loan. It is a credit line that lets you borrow money anytime in order for you to fund your business.
Once your loan is approved, you can instantly withdraw any amount within your available credit line to your Business Deposit account and you can enjoy low service fees and automatic payments as well.
This credit line offers instant loans suited for your specific business needs and you can get quickly approved with a quick and easy application process.
The benefits of this loan are the following: personalized loan offers and competitive fees that is based on average sales from your payment solutions with Maya, automatic payments where you can settle your loan seamlessly via the Maya Business Manager dashboard, and fast activation where you can activate your loan in minutes once you submit your application.
In order for you to qualify for this loan, you must be an active Maya Business solution user, must have an active Maya Business Deposit account, and must pass credit evaluation requirements.
Here are the applicable fees when you use this loan:
There’s a one-time 1 percent admin fee and a Documentary Stamp Tax whenever you take out a loan. The net loan proceeds will then be deposited to your Business Deposit account.
Also, a small service fee will be added to your monthly payments. Keep in mind that the monthly service fees for the whole repayment period will still be charged if you decide to pay the whole loan early.