Digital bank Maya, has launched its Personal Loan service to help individuals kickstart their side businesses. Whether it’s opening a coffee shop or launching an online store, this loan offers flexible financing options to make dreams more achievable.
The Maya Personal Loan, currently in early access for select users, provides up to P250,000 with repayment terms of up to 24 months. The loan features a manageable interest rate of 0.77% per month, making it a viable option for those seeking capital for their ventures. Whether it’s funding equipment, investing in courses, or starting a new project, Maya offers the flexibility to match individual needs.
The application process is user-friendly. Borrowers with an upgraded Maya account can apply directly through the app without the need for additional paperwork, collateral, or guarantors. Once approved, the funds are transferred immediately to the Maya Wallet for easy access.
Repaying the loan is also easy, as users can manage everything directly from the Maya app. Payments are made through the Maya Wallet, ensuring users stay on top of their dues and maintain a good credit score.
Maya also ensures that transactions remain secure, allowing users to focus on their businesses with peace of mind. With this new loan product, the bank continues to support Filipinos in achieving their entrepreneurial goals.
Maya Personal Loan offers a quick and easy way to secure funds for those looking to jumpstart their side hustles.