Shopping is a vice that everyone, regardless of age and gender, has to deal with; shoes, books, electronics, collectables, you name it, there is an addict for each one. It can be an expensive hobby if it goes unchecked.
The trick is pretty simple: pay off your purchases in smaller instalments with a 0% Maybank EzyPay payment plan from 3 months up to 36 months, subject to terms and conditions.
How does the Maybank EzyPay work?
It works similarly to a loan, whereby you will be granted a credit line from your Maybank Visa, MasterCard, or AMEX credit card (subject to your available credit limit) that comes with a flexible repayment period.
Except that there is no interest charged for the amount you want to borrow. For example, a brand new laptop costs you RM2,000, and you pay it via Maybank EzyPay for 24 months, which means every month you only pay roughly RM84 until the end of the chosen tenure.
However, it is also subject to conditions: (1) you need to make a minimum purchase as stipulated by the authorised merchants with your Maybank credit card before having it converted into an EPP, and (2) the 0% interest rate is only applicable to transactions being made at Maybank's participating merchants.
Is there a catch?
If by catch you mean "hidden fees and charges", rest assured that Maybank does not impose unnecessary charges when they are not due. All you need to do is make all your payments on time and in full - this way, you will never get caught with the hefty finance charge/management charge.
