How can I make payment to Maya Easy Credit if I don't have enough funds?

Maya Credit is one of the services provided by Maya Bank Inc. for all eligible users. They offer a minimum credit of 200 Pesos up to 18,000 Pesos in credits, payable within 30 to 45 days. Once you activate Maya Credit, you can immediately transfer the amount to your wallet. However, once you have taken the credit, you need to know how to repay it. When is the due date for Maya Credit? How do you pay Maya Credit? Is it in installments or not? Can I make partial payments? Read until the end of this article because I will teach you on how to pay your Maya credit bills even you have short fund.

List of Contents
I. When should I pay Maya Credit?
II. How does it become 45 days to pay Maya Credit?
III. What are best way to pay Maya Credit?
IV. Should I can pay my Maya Credit bills even I have short funds?
V. Things to Remember

When should I pay Maya Credit?

During the activation process of Maya Credit, they will ask you for your Billing Date, right? It is best to choose the date when you receive your income. This will give you confidence in paying your credit on time. For example, if you choose the billing date as the 15th of the month, your billing statement will end on the 15th, and you can make partial payments until the end of the month. Maya allows you a 15-day grace period to pay your credits. It is better to wait for your Billing statement to appear on the app before paying your bills.

How does it become 45 days to pay Maya Credit? 

If you use your credits on the 16th of the month after paying your previous bills, you will receive the bills on the 15th of the next month, along with a 15-day grace period. This totals to 45 days from the day you borrowed the money.

What are best way to pay Maya Credit?

The best way to pay Maya Credit is by tapping the "Pay Now" button in the Billing Statement section of the credit tab. This will provide you with security and assurance that the information is correct.

Should I can pay my Maya Credit bills even I have short funds?

Here is a technique on how to pay Maya Credit even when you have limited funds in your wallet. It's called the 'Rotation Method,' where you rotate the money within the credit tab to the wallet. However, make sure you know the exact amount of your bills to avoid overpaying.

At this moment, you need to tap the 'Pay Early' button instead of the 'Pay Now' button. After clicking the 'Pay Early' button, put your entire available balance and click 'Pay'. Make sure that the funds you have are higher than the interest on your borrowed money, as the interest will be deducted first from your payment. On the other hand, if you have 5000 pesos in credit used with an interest of 299.5 pesos, you should have at least 2800 pesos in your wallet.Upon payment, only 2500.5 pesos will be restored to your credit line, which you can borrow again. Secondly, borrow again from the restored credit line and click 'Pay Early' once more. Enter 2500 pesos as your payment and click 'Pay'. At this point, you will have already repaid the 5299.5 pesos Maya credit you borrowed in the previous month. Additionally, the 2500 pesos you paid will become your remaining credit limit, which you can use again.

Take note that by following this process, you will be taking out a loan again in Maya while paying off your dues. On the other hand, the second time you return the credit limit to your wallet, it will be considered borrowing again for the next billing statement. If you believe that you cannot afford to pay the large amount of credit, only borrow an amount that you can afford to pay when the due date arrives.