Save more on your credit card interest rates with the Maybank Balance Transfer Program, which gives you flexible repayment periods to ease your financial burden.
How does the Maybank Balance Transfer Program work?
Consolidate all your outstanding balances into one credit card and one monthly statement. You can choose a repayment tenure that suits your needs with its flexibility. The longest repayment period can be up to 36 months, which is 3 full years!
The minimum transfer amount for the 6, 9, 12, and 24-month plans is RM1,000, whereas the minimum amount for the 36-month plan is RM2,000.
The maximum transfer amount for the repayment periods of 9, 24 and 36 months is 90% of the available credit limit, whereas for 6 to 12-month tenure is up to RM50,000.
Note that this is a conventional product. However, you can also apply for the Shariah-compliant version of the Maybank Balance Transfer Program. Click here for the Islamic Product Disclosure Sheet.
Do I need to pay a one-time upfront interest fee?
The interest rate for this balance transfer program may vary from time to time. Please see the table below for the latest one:
| Tenure | 6 months
| 12 months | 9 months | 12 months | 24 months | 36 months |
| Interest Rate (p.a.) | 0% | 0% | 9.00% | 12.00% | 4.50% | 4.95% |
| Upfront Fee (one-time) | 1.88% on the approved amount | 3% on the approved amount | None | None | None | None |
| Min Transfer | RM1,000 | RM1,000 | RM1,000 | RM1,000 | RM1,000 | RM2,000 |
| Max Transfer | Up to RM50,000
| Up to RM50,000 | Up to 90% credit limit | Up to 90% credit limit | Up to 90% credit limit | Up to 90% credit limit |
Click here for Maybank Balance Transfer Product Disclosure Sheet
Click here for Maybank Balance Transfer Terms and Conditions
Can I transfer debt from more than one credit card?
Yes, you can transfer your outstanding balance from up to three other banks with the Maybank Balance Transfer Program.
Who can apply for this balance transfer?
Only principal credit cardholders of Maybank are eligible to apply. Supplementary cardholders are not qualified.
How can I make the monthly payment?
You can always walk into any Maybank branch to make your monthly repayment. For your convenience, you can also make your repayments through Maybank2U online banking.
