- You Pay
- RM 89 /mth
- Interest Rate
- Total Interest Payable
- RM 70
- Total Repayment
- RM 1,070
Approved loan amount of up to RM10,000
Flat interest rate starting at 12% per annum
No guarantor, no collateral
Use our personal loan calculator to find the best personal loan based on your requirements and eligibility.
Select the best product that fits your requirements from the list of recommended personal loan products listed and click on the Apply button.
Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.
instaDuit Personal Loan is a personal loan that offers a loan amount from RM1,000 up to RM10,000. Although with low eligibility requirements with a fast approval process, it has a slightly higher profit rate (12% for secured loans, 18% for unsecured loans).
Best for: Urgent need for cash.
Income requirements: Minimum RM1,500/month.
Loan tenure means the period of time you are required to service your loan. The maximum loan tenure for this personal loan is 24 months.
instaDuit can approve your application within 3 working days upon submission of your information and documents.
To speed up the process, you can complete the application through iMoney where our Call Centre Consultants will walk you through the eligibility checker, application form, and advise you on the required document submission.
Next, instaDuit will require an average of 3 business days (excluding Saturday, Sunday, and public holidays) to approve and disburse your cash to you.
One-time set-up fee: A stamp duty fee of 0.5% on loan amount will be deducted upfront before your loan amount is given to you or disbursed to you.
Processing fee: None
Early termination fee: Yes
Late penalty fee: Based on your loan agreement
Note: There are no upfront charges or additional fees when you apply through iMoney. We will also not request any deposit payment from you.
The instaDuit Personal Loan offers a flat interest rate as follows:
Note: The interest rate you get also depends on your individual risk rating. Having a higher salary lowers your risk rating as it reflects that you are less likely to default on your financial obligations (or conditions) of a financing repayment. However, that’s just one factor the bank considers when they are approving your application.
As with any personal loan, you will have to make monthly repayment which comprises of principal amount and an interest rate.
How much you pay per month depends on your loan amount, tenure and interest rate. For example, if you are borrowing RM10,000 with an interest rate of 12% over 1 year, your monthly repayment will be around RM983.
Use our personal loan calculator above to estimate your monthly repayment.
Once you have completed your application with iMoney, you are required to provide the following documents for your application:
Unfortunately, no. instaDuit will check your credit history as part of their approval process. You are advised to settle all overdue payments before applying and keep a healthy credit record before you apply for any personal financing or loan. We also highly recommend that you continue repaying your loans on time for another three months before reapplying.
Check your iMoney CreditScore for free to find out how your credit health is.
If you wish to have a longer loan tenure, you may consider AEON i-Cash Personal Financing. This Islamic financing has a financing tenure of up to 7 years, on top of having a low-income requirement of only RM1,500 and a fast approval of 3 days max.