Personal Loan Malaysia
Personal Loans in Malaysia Made Easy
As professional loan specialists in Malaysia, our consultants have the expertise to help you choose and secure the best personal loan that meets your needs, affordability, and eligibility.
What is a Personal Loan in Malaysia?
Whether you’re looking to settle credit card debts, pay off another personal loan with high instalments, cover unexpected medical expenses, or need 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
When applying for a personal loan, you must first prove that you have a source of regular income. This applies to employees and self-employed business owners. Moreover, personal loan eligibility requirements vary according to the lender, but there are a few common qualifications banks look at when evaluating loan applications, such as:
Your age
Your CTOS/CCRIS Record
Your Income Documentation
Debt Service Ratio (DSR)
Reasons Your Personal Loan Application in Malaysia 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.
How Can We Help
Rejected Loan
However, this service is exclusive to those with a basic income of RM 5,000 and EPF deductions; other income types are ineligible.
Increase Loan Amount
Low Interest & Fast Approval
Get In Touch With Our Loan Experts
Why Bluebricks?
One of the Top 10 Leading Loan Agencies in Malaysia
Over 10 Years of Experience
Moreover, our ten years in the field have equipped us with a deep understanding and up-to-date banking knowledge, enabling us to effectively resolve loan complications. Complex loan scenarios are our forte, ensuring we guide you towards a successful loan approval with confidence.
One-Stop Solution
Full Financing with 100% Bank Loans
No Upfront Payment Required
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Personal Loan Malaysia – FAQs
All Malaysian citizens between 21 to 58 years old, with a monthly income of RM3,000 or more, can apply for a personal loan in Malaysia.
Yes, you must submit your proof of income to your bank or financial institution to confirm your ability to repay your debt.
Getting a personal loan in Malaysia can be relatively straightforward, but it largely depends on several factors, including your credit score, income level, employment status, and the bank's specific requirements.
Generally, having a stable income and a good credit history can increase your chances of loan approval and potentially secure you better interest rates.
