1. What is the Maybank Credit Limit Calculation?

The Maybank credit limit calculation estimates your potential credit card limit based on your annual income and Maybank's internal multiplier factor. This helps applicants understand what credit limit they might qualify for.

2. How Does the Calculator Work?

The calculator uses the Maybank credit limit formula:

Where:

• \( Income \) — Your annual income in currency
• \( Maybank\ Factor \) — Bank's multiplier (typically between 2-3)

Explanation: The bank multiplies your annual income by a factor to determine your maximum credit limit.

3. Importance of Credit Limit Calculation

Details: Understanding your potential credit limit helps in financial planning and ensures you don't apply for cards beyond your eligibility.

4. Using the Calculator

Tips: Enter your accurate annual income and the Maybank factor (default is 2.5). All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the typical Maybank factor?
A: It typically ranges between 2-3, depending on your creditworthiness and other factors.

Q2: Is this the exact limit I'll get?
A: This is an estimate. The actual limit may vary based on credit history and other factors.

Q3: Can I request a higher limit?
A: Yes, after maintaining the card for some time with good payment history.

Q4: Does this apply to all Maybank cards?
A: The calculation is generally similar, but premium cards may have different criteria.

Q5: How often can I request limit increases?
A: Typically every 6-12 months, depending on your account standing.