What are the interest rates on Mari Business Loan?

Mari Business Loan (Credit Line)

Mari Business Loan (Credit Line) charges a simple interest per month on the amount that you draw down. The interest rate is shown on the Loan Drawdown page before you confirm the drawdown.

For example, if the interest rate is 0.5%* per month, and you draw down a loan of S$100,000, the monthly interest incurred is S$100,000 x 0.5% = S$500. With a repayment schedule of 9 months, the total interest incurred is S$100,000 x 0.5% x 9 = S$4,500.

Mari Business Loan (Term Loan)

Mari Business Loan (Term Loan) charges a simple interest per annum* on the total loan amount. The interest rate will be communicated to you in the Loan Offer Letter.

*The interest rate indicated is the lowest published rate and may differ from what is offered to you. We will inform you of the interest, and corresponding monthly instalment applicable via the MariBank app at the time of your loan drawdown or disbursement request.