Personal Loans in Malaysia Made Easy
What is a Personal Loan?
Whether you are buying a car, paying off debt or unexpected medical expenses, or need some funds to finance your dream holiday or wedding, a personal loan can help.
Most personal loans in Malaysia are unsecured, unlike a car or home loan, which means you will not have to put down any collateral to borrow the money. However, due to the greater risks the lender faces, a personal loan’s interest rates are usually higher than other types of loans.
Where Can I Apply for A Personal Loan in Malaysia?
Personal Loan Eligibility Criteria in Malaysia
Reasons Your Loan Was Rejected
If you fail to prove that you are employed or are producing enough income to repay the loan, the bank will automatically reject your loan application.
Licensed Loan Brokerage In Malaysia
10 Years Experience
Personal Loans – FAQ
Here are five documents you should have prepared for your personal loan application to be approved quickly:
- Your proof of identity (e.g., Malaysian Identity Card)
- Your latest EA or BE form (with official tax receipt)
- Your latest three months' payslip and bank statement
- Your latest six months' EPF statement