Maya, the country’s #1 Digital Bank, is making shopping for big-ticket items easier and much more convenient with the launch of their Mini Payment system through any of the Maya Credit Cards currently in the market. If you’re a holder of the Landers Cashback Everywhere Card or the super-powered Maya Black Credit Card you can turn your shopping woes into shopping wins thanks to the ability to turn big-ticket purchases into smaller monthly payments directly from the app itself. No need to wait for bank promos or to go through the hassle of calling your bank to initiate an installment payment plan.
With this feature on hand, you don’t need to wait for sale promotions, or hunting for partner merchants, and no need to plan purchases around specific promotion periods — Maya Mini Payments puts the power to effectively manage your purchases right on your hands.
How does it work? Card holders can split eligible payments into 3, 6, 9, or 12 months, all with a fixed monthly interest of 1% regardless of terms. Approvals usually happen within 24 hours and everything, from payment schedules and remaining balance can be viewed and tracked on the app. Transparent, and easy to manage.
There is a specific minimum total threshold for the purchase to enter the Mini Payment program, though. It’s rather simple, for a minimum purchase of Php 3000, you can split this for 3 months, Php 6,000 for 6 months, Php 9,000 for 9 months, and 12,000 for 12 months. You can combine purchases to meet the threshold to trigger more months for repayment, but of course, do take note that the longer you extend the repayment plan, the higher your total annual effective interest rate will be. Don’t worry, the app will show you all the infromation from interest rate, monthly schedule to payment plans, before availing of the plan. There is also a Mini Payments calculator for you to try out before committing to an installment plan.
And for a limited time, Maya will be waiving their processing fee for Mini Payments created until September 30, 2026. Sweet!
Getting started is simple:
- Open the Maya app and go to your Credit Card transactions
- Select any eligible posted transaction you’d like to convert
- Choose your preferred 3, 6, 9, or 12-month payment plan
- Review the payment breakdown and tap “Continue” to confirm
As someone who uses installment plans extensively especially for many big-ticket purchases, having the ability to spread your large purchase over small increments is a game-changer. It allows you the flexibility and convenience to map out your finances. I will caution to still use your credit card wisely and be very intentional with your purchase. Some of pitfalls of having the ability to split payments into smaller increments is you’re now free to purchase MORE items. Soon, those monthly deferred payments add up to large payments. So, swipe, uh, wisely.
To know more, visit maya.ph or mayabank.ph, and follow @makeyourmoneymaya on Facebook, Instagram, YouTube, and TikTok to stay updated. Approval and offer are subject to credit evaluation. Maya Philippines, Inc. and Maya Bank, Inc. are regulated by the Bangko Sentral ng Pilipinas. www.bsp.gov.ph. For 24/7 assistance, visit the Help Center in the Maya app or call us from 8 AM to 7 PM daily at +632 8845-7788.