- The program shall run for a period of 38 days from November 24, 2023, to December 31, 2023.
- The promo is open to select Maya Business merchants who have been whitelisted for Maya Flexi Loan. To qualify for the cashback, whitelisted merchants should:
- Activate Maya Business Deposit; and
- Activate Maya Flexi Loan to take out their first loan from November 20, 2023 to December 31, 2023.
- Merchants will receive a one-time cashback for a minimum loan amount of P100,000. See full breakdown of rewards:
|
Loan Amount
|
Tenor
|
Cashback
|
|
P 100,000 - 249,999.99
|
6 months
|
P1,000
|
|
9 months
|
P3,000
|
|
12 months
|
P5,000
|
|
P 250,000 - 499,999.99
|
6 months
|
P3,000
|
|
9 months
|
P7,000
|
|
12 months
|
P10,000
|
|
P 500,000 - 749,999.00
|
6 months
|
P5,000
|
|
9 months
|
P10,000
|
|
12 months
|
P15,000
|
|
P 750,000 - 1,000,000 and above
|
6 months
|
P8,000
|
|
9 months
|
P12,000
|
|
12 months
|
P20,000
|
- The cashback will be credited into the merchant’s Maya Business Deposit account within 30 business days from their first loan.
To illustrate:
|
Date
|
Merchant Activity
|
Business Deposit
|
|
November 24, 2023
|
Merchant activates Maya Business Deposit Account
|
Activation
|
|
November 27, 2023
|
Merchant takes out P100,000 loan amount with 6-month tenor
|
Credit P98,625 (1% admin fee and DST is automatically deducted from loan amount)
|
|
January 11, 2024
|
Merchant receives cashback
|
Credit P1,000; will appear as “Rewards to Savings”
|
- To receive the cashback, merchants must have an active Maya Business Deposit Account* to qualify.
*An active Maya Business Deposit Account is defined as verified and accessible to the merchant on MBM, and capable of making and receiving transfers.
- In the event of issues or dispute relevant to or connected to this promo, the decision of Maya Bank’s senior management shall prevail and shall be deemed final and executory.
