Maya review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Maya suits Filipino citizens who already hold an upgraded Maya account and want a fixed rate personal loan that lands in the wallet on acceptance. The credit needed is good, the credit check is hard, and the overall score reads 8.9.

Key facts

Best for
Filipino citizens with an upgraded Maya account who want a low fixed rate personal loan paid into their wallet on acceptance.
APR
1.4% (Source, checked September 26, 2026)
Loan amount
₱15,000 to ₱250,000 (Source, checked September 26, 2026)
Term
6 to 24 months (Source, checked September 26, 2026)
Arrangement fee
Waived (early access promo) (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Instantly transferred to Maya Wallet on acceptance (Source, checked September 26, 2026)
Representative example
Loan amount PHP 25,000, 0.83% monthly add-on rate, 6-month tenure, monthly installment PHP 4,374.17, total repayment PHP 26,239.19 (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
21 to 65 years old, Filipino citizen living in the Philippines, upgraded Maya account (Source, checked September 26, 2026)
Loan types
Personal, Credit-line, BNPL (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Maya Bank, Inc. (Source, checked September 26, 2026)
Headquarters
Philippines (Source, checked September 26, 2026)
Support channels
Phone, Chat, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding, Credit line
Official website
maya.ph

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaXLinkedIn

Pros and cons

Pros

  • Money moves on acceptance: Instantly transferred to Maya Wallet on acceptance.
  • Early repayment is free, so settling the balance sooner costs nothing extra.
  • Maya is a direct lender, so no broker or marketplace margin sits inside the price.
  • The rate type is fixed, so the cost of the loan does not move during the term.
  • Loans run personal, credit line and bnpl, so a credit line and an instalment personal loan sit on the same upgraded account.

Cons

  • The credit check is hard, so an application is judged on your full credit history.
  • Credit needed is good, so a fair or poor file is unlikely to pass.
  • Terms run 6 to 24, which is short next to a renovation budget that needs longer.
  • The origination fee is Waived (early access promo), so the saving is tied to the early access promo rather than a permanent schedule.
Maya

Ready to try Maya?

Scored 9.2 / 10 by BorrowCue.

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Who it suits

  • Filipino citizens living in the Philippines who already hold an upgraded Maya account and want the loan in their wallet on acceptance.
  • Borrowers with a good credit file who can clear the balance early, since early repayment is free.
  • Anyone funding a home improvement job inside a term of 6 to 24, with borrowed sums of PHP 15,000 to PHP 250,000.

Who should look elsewhere

  • Borrowers who need a longer repayment window: terms run 6 to 24, and Cashspace or Monzo Flex are the alternatives to price against.
  • Borrowers who want a wider rate to choose from: Maya sits at 1.4%, while Cashspace lists PHP 12 to PHP 36 and Monzo Flex 10% to 23%.

What borrowing costs

Interest is fixed, and Maya is a direct lender, so the quote comes from the bank itself with no broker margin added. The origination fee is Waived (early access promo), which is the only setup charge listed. Early repayment is free, so finishing the schedule early does not cost extra. The representative example adds a monthly charge on top of the amount borrowed over a short tenure, and the total repaid comes back above the sum borrowed once the schedule runs out. Price that against Cashspace at PHP 12 to PHP 36 and Monzo Flex at 10% to 23% before you settle on a rate.

How your money is protected

Maya lends the money itself rather than passing your application to a broker or a marketplace, and it is supervised by Bangko Sentral ng Pilipinas. A direct lender means the rate, the fee and the instalment schedule all come from the same institution, so there is no intermediary margin folded into the number you see. The representative example is the clearest picture of the debt: a monthly charge added to the amount borrowed, repaid as a monthly instalment, with the total repaid higher than the amount borrowed. Check the agreement for what happens if payments stop.

Application and funding speed

Accepted loans are Instantly transferred to Maya Wallet on acceptance. Amounts run PHP 15,000 to PHP 250,000 and terms run 6 to 24, so this is a short schedule measured in months rather than years. That shape fits a planned cost, a repair, a course or a home improvement job, not a property purchase. Because the money lands in the wallet, spending can start on the day of acceptance instead of waiting for a bank transfer to clear.

How it compares on our data

Maya ranks 37 out of 350 brands on rate and 490 out of 685 brands on amount. The rate position sits far higher in the table than the amount position, and that is the shape of the offer: cheap money in modest sums. A reader chasing the lowest headline rate has a much narrower field to weigh than a reader after a large balance, so the ranking helps the first group more. For anyone fitting a repair or a home improvement budget, the rate position is the number that decides it.

Who regulates the lender

Maya is a direct lender, direct lender, and it is supervised by Bangko Sentral ng Pilipinas in the Philippines. A direct lender carries the loan on its own books, so your contract is with the bank and the rate quoted is the rate you pay, with no referral fee in between. Supervision means there is a named regulator holding the lender to account on how it lends and prices. Anyone comparing lenders should check the regulator listed for each provider, because a direct lender and a broker sit in different positions even under the same supervisor.

The company behind it

Maya Bank, Inc. is the entity behind Maya, based in Philippines, and it is the same company that lends the money rather than a partner or a referral service. Support runs on phone, chat and help centre, with no email channel listed, so a phone call or an in app chat is the practical route for anything urgent. On a fixed schedule loan the follow up questions arrive as regularly as the instalments, so the same counterparty handles the money and the queries.

How Maya compares

Where Maya is available

Available
Philippines
Licence in Philippines
Bangko Sentral ng Pilipinas, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Maya charge and what does the loan cost to set up?+

Maya charges a fixed rate of 1.4%, and the rate type is fixed, so the cost does not move during the loan. The origination fee is Waived (early access promo), which is the only setup charge listed. Early repayment is free on top, so there is nothing to pay for clearing the balance sooner. Read the schedule before you accept, because the monthly instalments decide the real cost.

Can I repay a Maya personal loan early without a penalty?+

Yes, early repayment is free, and fixed rate applies to the whole balance. A borrower who finishes the schedule sooner keeps the difference rather than paying it as a charge. Nothing in the listed terms stops you paying off what you owe ahead of schedule, and support runs on phone, chat and help centre if you want the details confirmed before you accept.

Who regulates Maya Bank in the Philippines?+

Maya Bank is supervised by Bangko Sentral ng Pilipinas, the central bank of the Philippines, and it lends as a direct lender, direct lender, rather than a broker. Your contract is with the bank itself: Maya Bank, Inc. is the entity you deal with, and the rate in your agreement is set by the same institution. A broker would sit in between and take that margin.

How much can I borrow from Maya and over what term?+

Amounts run PHP 15,000 to PHP 250,000 and the term runs 6 to 24. That range suits a repair, a course, a home improvement job or a family cost, and it sits well below what a property purchase would need. The representative example shows a monthly charge added to the amount borrowed, with the total repaid higher than the sum you borrowed once the schedule runs out.

How quickly does Maya send the money after approval?+

Funding is Instantly transferred to Maya Wallet on acceptance. Same day funding and a credit line are both listed among same day funding and credit line, so the wallet covers both a one off cost and a revolving balance. Because the money arrives in the wallet, spending can start straight away rather than waiting for a bank transfer to clear.

What credit history do I need for a Maya loan?+

The credit needed is good, and the credit check is hard. That pairs a good credit file with a full search, so the decision uses your complete credit history rather than a soft prequalification. Applicants with a fair or poor file are less likely to pass, which is worth knowing before you start an application.

Who can apply for a Maya loan?+

Eligibility is limited to adults, Filipino citizens living in the Philippines, and customers with an upgraded Maya account. That points at an existing wallet holder with good credit rather than anyone shopping a loan from scratch. Since support runs on phone, chat and help centre, the account status can be checked before an application is started.

What kinds of loan does Maya offer?+

Maya offers personal, credit line and bnpl, and the pricing model is fixed rate on the instalment loan. The listed use case is home improvement, so the amount and term range is aimed at renovation work rather than a property purchase. A credit line is also available on the same upgraded account, and early repayment is free on the instalment loan.

Sources

  • bsp.gov.ph checked September 26, 2026

    Backs: Licences

  • mayabank.ph/about-maya-bank checked September 26, 2026

    Backs: Headquarters, Legal entity

    “Maya Bank is the digital banking arm of Voyager Innovations, the leading technology company in the Philippines.”

  • mayabank.ph/borrow checked September 26, 2026

    Backs: Loan amount, Credit needed, Features, Loan types, Arrangement fee, Representative example, Term

    “Personal loan: Loan offer from PHP 15,000 - PHP 250,000”

  • mayabank.ph/personal-loan checked September 26, 2026

    Backs: APR, Credit check, Eligibility, Free early repayment, Funding time, Lender type, Pricing model, Rate type, Support channels, Use cases

    “You can get a Maya Personal Loan with as low as 0.83% add-on rate per month (effective interest rate of 1.40% per month)”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Maya

Maya

Filipino citizens with an upgraded Maya account who want a low fixed rate personal loan paid into their wallet on acceptance.

9.2/10See alternatives

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