• Interest Rate (p.a.)

    9.00% - 13.50%

  • Loan Tenure

    2 - 7 years

  • Approval Duration

    Within 60 minutes

  • Min. monthly income


Loan calculator
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What's so great about Mach I.O.U Personal Loan?
  • Approved loan amount of up to RM250,000
  • Interest rate as low as 7.2% per annum after 20% cashback
  • Loan approval within 60 minutes

Product Features

Min. financing amountRM5,000
Max.financing amount Up to RM250,000
Min. loan tenure2 year
Max. loan tenure7 years
Interest ratePrescribed interest rate from 7.20% p.a to 13.5% p.a
Approval durationWithin 60 minutes
Debt consolidationYes

Fees & Charges

One time set up
Processing feeN/A
Stamp duty0.5% of loan amount
Disbursement & misc. feeN/A
Early settlementN/A
Late payment charges1% of outstanding loan amount


Age requirementAge 23 - 60
Employment eligibilitySalaried Malaysian citizens employed as a government servants or private sector employees
Min. salary requirementRM3,000 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?N/A
Need to buy Takaful product?N/A

Product Review byiMoney


What can be more interesting than getting your personal loan approved within 60 minutes! MACH I.O.U PERSONAL LOAN not just give you fast approval, but also 20% cashback on your interest for prompt repayments. Furthermore, there is no guarantor and collateral needed when you apply for this loan. This is a conventional loan for government servant and employee of a private sector organization. The minimum financing amount you are able to apply is RM5,000 and maximum up to RM250,000 with minimum loan tenure of 2 year and maximum of 7 years. Hong Leong Bank offers prescribed rate starting from 7.00% per annum up to 13.5% per annum.

There is no processing fee and early termination fee occur. One time payment of 0.5% of your total loan will be charged for stamp duty. Failing to commit the monthly payments on time will be incurred penalty of 1% on outstanding amount. You also must be between the age of 23 to 60 years old and earn minimum monthly income of RM3,000. In order not to have any issues with the loan processing, you will need to submit complete required documents and maintain a good record of CTOS and CCRIS.

Hong Leong MACH I.O.U Personal Loan FAQ

What is the maximum amount you can borrow?

Borrowable amount of up to five times your fixed monthly gross salary or up to RM250,000 for a maximum loan tenure of seven years.

The catch?

Applicant must be between the age of 21 to 60 to qualify.

Applicant must be employed as a government servant or employee of a private sector organization with a minimum gross salary of RM3,000 per month.

What will it cost you and how will you be charged?

One time set-up fee:
  • Stamp duty of 0.5% on loan amount deducted upfront before loan disbursement. No other set-up fees need to be paid.
  • Recurring payments:
  • Monthly repayment comprising principal amount and interest charge via standing instruction deduction. Prescribed interest rate is ranging from 7.00% p.a to 13.5% p.a throughout the entire loan tenure.
  • Penalties:
  • Late payment charges of 1% on outstanding loan amount. Late payment charges will increase your total outstanding loan amount.
  • No early settlement penalty imposed if you provide Hong Leong Bank with:
  • 3 months advance notice in writing, OR
  • Payment equivalent to 3 month’s interest charge in lieu of advance notice
  • Calculate the cost of taking up this loan using our calculator

    How long will the application take and what documentations are required?

    Upon completing an application with iMoney, our representative will contact you within the same business day to confirm your application.

    Thereafter, Hong Leong Bank will require an average of one hour before approval or disbursement.

    You are required to furnish the following documents for your loan application:

  • Copy of NRIC (front and back)
  • EPF statement (most current)
  • Can you apply if you have a bad CCRIS/ CTOS/ Credit Record?

    No, you are required to settle all overdue payments before applying. It is advised that you continue repaying your loans on time for another three months before reapplying.

    If you are looking for other personal loans, you may also consider
    Standard Chartered Quick Cash EDGE
  • The personal loan rate for Standard Chartered Quick Cash EDGE starts from 10.56% p.a. It has a maximum tenure of 5 years. The personal loan also comes with a minimum income requirement of RM2,000.
  • Alliance Islamic Bank CashVantage Personal Financing-i
  • With Alliance Islamic Bank CashVantage Personal Financing-i, the personal loan comes with an fixed interest rate starting from 7.88% p.a. This personal loan has a maximum tenure of 7 years. It also comes with a minimum income requirement of RM3,000.
  • Hong Leong Personal Loan
  • Hong Leong Personal Loan offers flat interest rate starting from 12% p.a. The maximum tenure for this personal loan is 5 years. It also comes with a minimum income requirement of RM2,000.