1. What is Maybank Credit Limit Calculation?

The Maybank credit limit calculation estimates your potential credit card limit based on your annual income and a Philippines-specific factor. This helps applicants understand what limit they might qualify for before applying.

2. How Does the Calculator Work?

The calculator uses the Maybank formula:

Where:

• \( Income \) — Annual income in Philippine Pesos (PHP)
• \( Philippines\ Factor \) — Multiplier typically between 0.1 and 0.3

Explanation: The factor accounts for risk assessment and local market conditions in the Philippines.

3. Importance of Credit Limit Calculation

Details: Understanding your potential credit limit helps in financial planning and ensures you apply for cards that match your spending needs and financial profile.

4. Using the Calculator

Tips: Enter your accurate annual income before taxes. The Philippines factor is typically between 10-30% (0.1-0.3) of your income.

5. Frequently Asked Questions (FAQ)

Q1: Is this the exact limit Maybank will approve?
A: This is an estimate. Actual limits may vary based on credit history, existing debts, and other factors.

Q2: What's the typical factor for Philippines?
A: For Maybank Philippines, it's usually between 0.1 and 0.3 depending on the card type and applicant profile.

Q3: Can I request a higher limit?
A: Yes, after maintaining good payment history for 6-12 months, you may request a limit increase.

Q4: Does this include supplementary cards?
A: No, this calculates the primary cardholder's limit. Supplementary cards share this limit.

Q5: How often can I check my eligibility?
A: You can use this calculator anytime, but actual applications should be spaced 6+ months apart.