Gone are the days when millennials are merely “snowflakes” on the Internet in the eyes of people. All of us are now being treated as adults with bills to pay, emergencies to attend to, and dreams– often without a trust fund or financial cushion to fall back on. Whether we like it or not, adulting is here. And with it comes the not-so-fun part of managing expenses that pop up without warning: Tuition fees, hospital bills, or even just a roof repair that can’t wait. As much as we hate to embrace the “utang culture,” the reality is this: Credit and loans are now part of the adulting toolkit we need to survive and thrive, especially for those of us building things from scratch.
This is where the likes of Maya Personal Loan and Maya Easy Credit come in. It’s one of the few digital options today that makes borrowing less intimidating and more accessible. No long queues, no stacks of paperwork, no need to talk to someone in a collared shirt behind a desk, and no one bugging your relatives when it’s time to pay them back.
What is Maya Personal Loan (and How is it Different from Maya Credit)?
Maya Easy Credit and Maya Personal Loan are both available within the all-in-one Maya app, but they serve different needs.
Maya Easy Credit gives you a revolving credit line of up to Php 30,000. Think of it as a digital wallet that you can dip into for everyday emergencies like grocery runs, bill payments, or last-minute expenses. Once you repay, the credit becomes available again.
Maya Personal Loan, on the other hand, is designed for life’s bigger moments like paying for your sibling’s tuition, covering medical bills, or investing in a side hustle. You can borrow up to Php 250,000 and pay in flexible terms of up to 48 months.
How to Apply for Maya Personal Loan
Getting started is refreshingly simple:
- Make sure your Maya account is upgraded.
- Open the Maya app and check if you’ve been pre-qualified.
- If eligible, select the loan amount and your preferred payment terms.
- Fill out the form with needed information.
- Once approved, the money goes straight to your Maya Wallet, ready for use!
Unlike traditional banks, there’s no need to wait days (or even weeks) for approval. Maya uses your in-app activity and account history to evaluate your eligibility. That means if you’re already an active user, your chances of approval are much higher. It’s seamless and entirely digital, making it easy even for first-time borrowers.
And since Maya is a digital bank, using your loaned funds doesn’t require extra steps. You can pay your bills, shop online, transfer funds, or even use your Maya card immediately after the disbursement.
However, as with any loan, it comes with a cost. The downside is having to pay back the borrowed amount with interest. Your monthly repayment will depend on the loan amount, tenure, and your credit evaluation. But if you’re responsible and use it only when needed, it’s a fair trade-off for the ease and access it provides.
If you’re still navigating financial independence and your paycheck barely stretches from the 15th to the 30th, Maya Personal Loan can be that emergency rope. It’s not free money but it’s a fast, digital option that gives you room to breathe when adulthood throws surprises your way.
Just remember: Always borrow with a plan to repay. Financial flexibility is great, but stability is even better. Because at the end of the day, the best kind of loan is one you can walk away from with lessons, confidence, and maybe even a few extra savings.
Spend and loan wisely!
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Nakakatuwa pwede na din pala maghiram sa Maya🤗