Maybank CreditAble Term Loan - What You Need to Know Before Using It

As we have seen so many “comparison” comparison portals or bloggers reviewing Maybank's CreditAble Term Loan , we thought we would chip in too, but with a twist. We review the reviewers instead.

Not all comparison portals are what they claim to be—many are nothing more than sponsored listing sites, serving the advertisers that pay them. So take them with a pinch of salt.

Across markets from the U.S. to Australia, regulators are finding that these platforms often prioritize results based on payment, not on what’s truly best for the customer or consumer. What you see isn’t always an unbiased comparison, but a filtered list bought by those who pay the most.

While general information, such as miles or points per dollar spent, is easy to research, loan amounts and interest rates are highly personal. They change from one customer to another based on each individual’s credit score & profile. That rate they “reviewed” or “compared” for you is actually a teaser rate. Here’s how it works in detail. They are rates that you may or may not get, and in many countries, regulators are either suing them for clickbaiting consumers or publishing warnings on them.

But if you are pressed for time, you don’t have to read the article above - here is an image that basically sums everything up to how the industry works.

Credit: Head of Lendingpot. Strangely enough, Lendingpot appears to be exposing its own practices. For more of their contradiction or to join the conversation, click here. What’s more, when we pointed out the conflict of interest of brokers owned by lenders, they echoed it months later—despite being owned by IFS Capital & PhilipCapital! (They have a moneylender license.)

Credit: Public review found on Seedly and Google

Every now and then, you’ll see them write comparisons like “this loan vs. that loan.” But think about it—if they claim to compare 10 loans, did they really take all 10 and pay interest on each one?

In the UK, at least 51% of customers must actually enjoy the quoted rate. Singapore, however, has no such law. And even if the rates are genuine, what about the loan amount or tenure?

And thus we built FindTheLoan.com, Singapore’s 1st loan hub. Instead of teaser rates or applying with multiple lenders one by one, you can reach multiple lenders at once with your actual documents, and they will make a full credit assessment as if you had walked in to them individually, and they will revert with their actual offer. Because the bigger problem is when you use a loan “comparison” website and go straight for the recommended loan. Without exploring other banks, you might pay thousands more. A cheaper rate could have been available elsewhere. The article above explains how.

Lenders will keep working with them, making them wealthier and more influential. Yet we can push back on misleading advertising to protect consumers, borrowers, and SMEs. If you think the above doesn’t look right, we invite you to share your thoughts on this LinkedIn post or on our Reddit, TikTok, or Facebook post, if you prefer. However, we have tagged a number of MPs on LinkedIn who, during parliament, have asked about matters such as greater consumer protections. Weighing in there, and as more people share their thoughts there, could finally catch their attention to do something about the industry and better protect borrowers. Every comment, repost, or show of support matters — it increases the chances that policymakers take notice and act. From fake loan types to fake reviews, you have no idea how many things we got to expose in the LinkedIn post about the industry.

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