How is the interest on my Instant Loan calculated?

If the Monthly Interest Rate granted to you is 0.24% per month (EIR 4.31% p.a.)*, for an Approved Loan Amount of S$10,000, you will incur an interest of S$10,000 x 0.24% = S$24 per month.

A loan of S$10,000 repaid over 3 months will incur a total interest of: S$10,000 x 0.24% x 3 = $72

*The interest rate and fee indicated is the lowest published rate and may differ from what is offered to you. Interest, fees and charges may vary across individual Instant Loan(s) at our sole discretion based on various factors. We will inform you of the interest, fees and charges applicable to your loan(s) via the MariBank App at the time of each Loan Request. Effective interest rate calculated based on a 3 months loan tenor.