Here’s how to pay for your Maya Flexi Loan dues
MAYA FLEXI LOAN DUES – This article will teach you about the step-by-step process on how to pay for your loan dues.
A Maya Flexi Loan is a loan that lets you borrow money anytime in order to fund your business. With this, you can enjoy low service fees and automatic payments. Remember that once your loan is approved, you can withdraw any amount within your available loan instantly to your Maya Business Deposit account.
But how do you pay for your loan dues?
Keep in mind that you can see the details of your Maya Flexi Loan in the Loans tab of your Maya Business Manager. Here’s how to pay for your loan dues:
The first step is to log into your Maya Business Manager account and go to the Loans tab to pay for your loan dues. After that, you need to select a loan from your Loan History and then click on the “Pay Now” button.
Keep in mind that you will be given a monthly due date when you take out a loan and your account details will reflect the due date. Aside from this, you will also receive email notifications from Maya 7 days, 3 days, and 1 day before your due date.
It is important to pay your loan dues on time in order to avoid penalties.
When it comes to the applicable fees when you use this credit line, there’s a one-time 1% 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 as well. Please note that the monthly service fees for the whole repayment period will still be charged if you decide to pay the whole loan early.
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