Having access to extra credit opens a world of opportunities for the everyday Filipino. A credit card, for one, gives you the means to conveniently handle emergency payments and securely pay for all your online and in-store purchases. Maya offers an easy credit card application process for consumers who want a safer and quicker way to manage their expenses.
Credit cards, however, are not the only credit products in the market. In fact, only about 15% of Filipino adults use at least 1 credit card, according to a report by credit reporting agency TransUnion. If you don’t have an extensive credit history, it’s a good idea to check out credit lines that are much friendlier for beginners before you start applying for a credit card, such as Maya Easy Credit. As its name suggests, this credit product is designed to make it easy for everyday consumers to access funds that can be used to meet unplanned expenses.
Here’s a list of the benefits that you can access upon choosing to use Easy Credit from Maya, the country’s #1 digital bank:
Easy Application on the Maya App
The simple application process for Maya Easy Credit is designed to fit right into your busy life. To get started, you need to be a Filipino citizen and resident between 21 and 65 years old and have an upgraded Maya account. There’s no need to gather documents or submit any paperwork. The best part? The entire application process takes only seconds on the Maya app, so you can apply for credit wherever and whenever it’s convenient for you. Whether you’re at home or out and about, it lets you access extra funds without the usual hassle of bank visits and lengthy forms.
Just follow these steps to apply for Maya Easy Credit:
- On the Maya app, go to the Credit tab and tap Apply Now
- Set up and Submit the details of your credit application
- Tap Continue and you’re done
Once you’ve completed this quick and simple process, you can view the details of your credit line on the Credit tab and use the funds to meet your financial needs and obligations.
Quick Approval That Only Takes Seconds
One of the biggest benefits of Maya Easy Credit is its fast approval. The quick turnaround time allows you to get funds for those situations when time is of the essence. Unlike traditional credit cards and other financing options that may take days—or even weeks—to approve, Maya Easy Credit provides approval in seconds.* This can make a real difference in urgent situations, like handling a medical emergency, getting a damaged part of your home under control, or grabbing much-needed business equipment at a discounted price before the deal expires. With Maya Easy Credit, you can meet pressing needs immediately without the usual waiting period.
Credit Limit of up to PHP 30,000
You can borrow up to PHP 30,000 with Maya Easy Credit. This flexibility is ideal whether you’re looking to start small or if you need a larger amount for bigger expenses. You can use the funds to help cover the cost of day-to-day expenses such as groceries, utility bills, and shopping. Alternatively, if you have several expenses to cover, you can use the approved amount for different transactions. This adaptable credit line gives you control over your finances so you can meet a variety of expenses in a way that suits your lifestyle.
Once your credit application has been approved, you only need to tap a single button to immediately transfer the funds to your Maya Wallet. After this, you can use the money right away to pay for your bills, buy load, or make online purchases using your Maya Wallet—or even withdraw the funds as cash via your Maya Card. The ability to instantly transfer the funds to your Maya Wallet gives you the freedom to use your credit as cash when you need it the most.
Another way to use your credit line is by choosing Maya Easy Credit directly as your mode of payment. When you Pay with Maya online, scan a QR Ph code to pay in your favorite store, or buy any item on the Maya Shop, you can select Maya Easy Credit instead of Maya Wallet as your payment option when you check out. This way, you can pay even more conveniently instead of cashing in your Maya Wallet first.
Transparent Credit Computation
When it comes to credit, it’s important to know exactly what you’re signing up for. Maya Easy Credit provides the transparency you need. During the application, you’ll see a clear breakdown of the credit details, allowing you to know exactly how much you’re getting, any fees and charges that apply, and your repayment schedule. You can even use the credit calculation tool on the Maya Easy Credit webpage to help you plan out your credit application. With all the details laid out upfront, you can confidently decide if this credit line is right for you, with no hidden surprises.
Simple Credit Payment Process
Paying back your Maya Easy Credit is as straightforward as it gets. You have up to 30 days to settle your credit balance, which is plenty of time to budget and pay it off. And since payments can be made directly within the Maya app, you can manage your repayments from the same app you used to apply. This convenient in-app payment process is straightforward and helps you stay on track with your finances. With Maya Easy Credit, you can access, use, and repay your credit all in one place, making the whole experience smooth and stress-free.
If you’re in need of additional funding, check out the Maya Easy Credit on the Maya app. You’re sure to find a hassle-free way of meeting your urgent financial needs while staying in control of your cash flow. Apply for a credit line today.*
*Maya Easy Credit approval is subject to credit evaluation
under this section, is it possible also that we include closed loop part of credit or OL will suffice @frankie
