Interest Rates, Fees and Limits
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Mari Business Loan: Interest Rates, Fees and Limits
| Interest Rates 1 | |
|---|---|
| Mari Business Loan | From 0.5% per month (simple interest) (EIR from 8.98% p.a.)2 |
| Mari Business Loan (Term Loan) | From 5% p.a. (simple interest) (EIR from 9.15% p.a.)2 |
1 All rates are for information only and subject to change without prior notice.
2 The interest rate indicated is the lowest published rate and may differ from what is offered to you. We will inform you of the interest, and corresponding monthly instalment applicable via the MariBank app at the time of your loan drawdown or disbursement request. Effective interest rate of 8.98% p.a. and 9.15% p.a. are calculated based on a 3 month tenor and 5 year tenor respectively.
| Fees | |
|---|---|
| Processing Fees | Free |
| Annual Fees | Free |
| Prepayment Fees | Free |
| Drawdown / Disbursement Limits | |
|---|---|
| Mari Business Loan | In multiples of S$100 (min. S$100) Subject to available limit |
| Mari Business Loan (Term Loan) | Up to S$300,000 subject to bank approval. Terms and conditions apply. |
For late payment, no late fees will be charged but late interest of 15% p.a. on loan principal outstanding will be charged. For more details, read here.
Interest rates, fees and limits are effective as at 17 October 2024.
MariBank is licensed by the Monetary Authority of Singapore.
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