In Philippines, Maya Credit offers flexible repayment options, but there are two primary ways it works:
Maya Easy Credit:
- You generally have up to 30 days to pay after your billing cycle ends. Since billing cycles end on different dates for each user, you essentially have about 1 month to pay Maya Easy Credit.
Maya Personal Loan
- Larger loans with more flexible repayment terms.
- Loan terms range from 6 to 24 months (with plans to expand to 48 months soon).
Example:
If you apply for a Maya Personal Loan in May 2024, you could choose a repayment period between 6 and 24 months. This means your final payment could be due sometime between November 2024 and May 2026.
Remember: The specific repayment period depends on the loan amount and your individual application. Maya will provide you with a clear repayment schedule upon approval.
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