Best Personal Loans

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Malaysia Best Personal Loans 2024 - Compare & Apply Online
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We found 54 personal loan(s) for you!

Alliance Islamic Bank CashVantage Personal Financing-i

You Pay
/mth
Profit Rate
% p.a.
Max. Financing Amount
RM 300,000
Total Payment

30% Cashback on profit repayment!

* Terms and conditions apply

    Alliance Bank CashFirst Personal Loan

    You Pay
    /mth
    Interest Rate
    % p.a.
    Max. Loan Amount
    RM 300,000
    Total Repayment

    30% Cashback on profit repayment!

    * Terms and conditions apply

      Al Rajhi Bank Personal Financing-i

      You Pay
      /mth
      Profit Rate
      % p.a.
      Max. Financing Amount
      RM 250,000
      Total Payment

        RHB Personal Financing

        You Pay
        /mth
        Interest Rate
        % p.a.
        Max. Loan Amount
        RM 150,000
        Total Repayment

          RHB Islamic Personal Financing-i

          You Pay
          /mth
          Profit Rate
          % p.a.
          Max. Financing Amount
          RM 150,000
          Total Payment

            CBP Personal Financing-i Al Yasser

            You Pay
            /mth
            Profit Rate
            % p.a.
            Max. Financing Amount
            RM 400,000
            Total Payment

              Maybank Salary Financing-i

              You Pay
              /mth
              Profit Rate
              % p.a.
              Max. Financing Amount
              RM 400,000
              Total Payment

                Maybank Education Financing/-i

                You Pay
                /mth
                Interest Rate
                % p.a.
                Max. Financing Amount
                RM 400,000
                Total Repayment

                  MD Personal Financing/-i

                  You Pay
                  /mth
                  Profit Rate
                  % p.a.
                  Max. Financing Amount
                  RM 50,000
                  Total Payment

                    Fintos Debt Advisory and Consolidation Services

                    You Pay
                    /mth
                    Interest Rate
                    % p.a.
                    Max. Loan Amount
                    RM 500,000
                    Total Repayment

                      RHB Personal Financing-i For Civil Sector

                      You Pay
                      /mth
                      Profit Rate
                      % p.a.
                      Max. Financing Amount
                      RM 200,000
                      Total Payment

                        RHB Islamic Bank Pensioner Personal Financing-i

                        You Pay
                        /mth
                        Profit Rate
                        % p.a.
                        Max. Financing Amount
                        RM 100,000
                        Total Payment

                          KOPUTRI Cooperative Personal Financing

                          You Pay
                          /mth
                          Profit Rate
                          % p.a.
                          Max. Financing Amount
                          RM 100,000
                          Total Payment

                            MCCM Resources Ambank Islamic Personal Financing

                            You Pay
                            /mth
                            Interest Rate
                            % p.a.
                            Max. Loan Amount
                            RM 200,000
                            Total Repayment

                              MCCM Resources Public Islamic Bank Personal Financing

                              You Pay
                              /mth
                              Profit Rate
                              % p.a.
                              Max. Financing Amount
                              RM 150,000
                              Total Payment

                                KOBETA Cooperative Personal Financing

                                You Pay
                                /mth
                                Interest Rate
                                % p.a.
                                Max. Loan Amount
                                RM 250,000
                                Total Repayment

                                  YYP Personal Financing

                                  You Pay
                                  /mth
                                  Interest Rate
                                  % p.a.
                                  Max. Loan Amount
                                  RM 300,000
                                  Total Repayment

                                    YIR Personal Financing

                                    You Pay
                                    /mth
                                    Profit Rate
                                    % p.a.
                                    Max. Financing Amount
                                    RM 300,000
                                    Total Payment

                                      HSBC Amanah Personal Financing-i

                                      You Pay
                                      /mth
                                      Profit Rate
                                      % p.a.
                                      Max. Financing Amount
                                      RM 250,000
                                      Total Payment

                                        Hong Leong Islamic Personal Financing-i

                                        You Pay
                                        /mth
                                        Profit Rate
                                        % p.a.
                                        Max. Financing Amount
                                        RM 150,000
                                        Total Payment

                                          Hong Leong Personal Loan

                                          You Pay
                                          /mth
                                          Interest Rate
                                          % p.a.
                                          Max. Loan Amount
                                          RM 250,000
                                          Total Repayment

                                            Maybank Islamic Personal Financing-i

                                            You Pay
                                            /mth
                                            Profit Rate
                                            % p.a.
                                            Max. Financing Amount
                                            RM 100,000
                                            Total Payment

                                              Bank Rakyat Personal Financing-i Private Sector

                                              You Pay
                                              /mth
                                              Profit Rate
                                              % p.a.
                                              Max. Financing Amount
                                              RM 400,000
                                              Total Payment

                                                AmBank Islamic Personal Financing-i

                                                You Pay
                                                /mth
                                                Profit Rate
                                                % p.a.
                                                Max. Financing Amount
                                                RM 200,000
                                                Total Payment

                                                  AmBank Islamic AmMoneyLine Facility-i

                                                  You Pay
                                                  /mth
                                                  Profit Rate
                                                  % p.a.
                                                  Max. Financing Amount
                                                  RM 100,000
                                                  Total Payment

                                                    CIMB Bank Cash Plus Personal Loan

                                                    You Pay
                                                    /mth
                                                    Interest Rate
                                                    % p.a.
                                                    Max. Loan Amount
                                                    RM 100,000
                                                    Total Repayment

                                                      Agrobank AgroCash-i

                                                      You Pay
                                                      /mth
                                                      Profit Rate
                                                      % p.a.
                                                      Max. Financing Amount
                                                      RM 250,000
                                                      Total Payment

                                                        MBSB Mumtaz-i

                                                        You Pay
                                                        /mth
                                                        Profit Rate
                                                        % p.a.
                                                        Max. Financing Amount
                                                        RM 250,000
                                                        Total Payment

                                                          MBSB Afdhal-i

                                                          You Pay
                                                          /mth
                                                          Profit Rate
                                                          % p.a.
                                                          Max. Financing Amount
                                                          RM 400,000
                                                          Total Payment

                                                            Cashwagon Personal Loan

                                                            You Pay
                                                            /mth
                                                            Interest Rate
                                                            % p.a.
                                                            Max. Loan Amount
                                                            RM 2,000
                                                            Total Repayment

                                                              BSN MyRinggit (Public Sector)

                                                              You Pay
                                                              /mth
                                                              Profit Rate
                                                              % p.a.
                                                              Max. Financing Amount
                                                              RM 400,000
                                                              Total Payment

                                                                BSN MyRinggit-i (Eksekutif 1)

                                                                You Pay
                                                                /mth
                                                                Profit Rate
                                                                % p.a.
                                                                Max. Financing Amount
                                                                RM 200,000
                                                                Total Payment

                                                                  MBSB Private Sector-i

                                                                  You Pay
                                                                  /mth
                                                                  Profit Rate
                                                                  % p.a.
                                                                  Max. Financing Amount
                                                                  RM 300,000
                                                                  Total Payment

                                                                    UKHWAH Cooperative Personal Financing

                                                                    You Pay
                                                                    /mth
                                                                    Profit Rate
                                                                    % p.a.
                                                                    Max. Financing Amount
                                                                    RM 200,000
                                                                    Total Payment

                                                                      instaDuit Personal Loan

                                                                      You Pay
                                                                      /mth
                                                                      Interest Rate
                                                                      % p.a.
                                                                      Max. Loan Amount
                                                                      RM 10,000
                                                                      Total Repayment

                                                                        Public Islamic Bank BAE Personal Financing-i

                                                                        You Pay
                                                                        /mth
                                                                        Profit Rate
                                                                        % p.a.
                                                                        Max. Financing Amount
                                                                        RM 150,000
                                                                        Total Payment

                                                                          Bank Rakyat Personal Financing-i Public Sector

                                                                          You Pay
                                                                          /mth
                                                                          Profit Rate
                                                                          % p.a.
                                                                          Max. Financing Amount
                                                                          RM 200,000
                                                                          Total Payment

                                                                            Kuwait Finance House Personal Financing-i

                                                                            You Pay
                                                                            /mth
                                                                            Profit Rate
                                                                            % p.a.
                                                                            Max. Financing Amount
                                                                            RM 250,000
                                                                            Total Payment

                                                                              AEON i-Cash Personal Financing

                                                                              You Pay
                                                                              /mth
                                                                              Profit Rate
                                                                              % p.a.
                                                                              Max. Financing Amount
                                                                              RM 100,000
                                                                              Total Payment

                                                                                Bank Islam Personal Financing-i (Non-Package)

                                                                                You Pay
                                                                                /mth
                                                                                Profit Rate
                                                                                % p.a.
                                                                                Max. Financing Amount
                                                                                RM 300,000
                                                                                Total Payment

                                                                                  Bank Islam Personal Financing-i (Package)

                                                                                  You Pay
                                                                                  /mth
                                                                                  Profit Rate
                                                                                  % p.a.
                                                                                  Max. Financing Amount
                                                                                  RM 300,000
                                                                                  Total Payment

                                                                                    UOB Personal Loan

                                                                                    You Pay
                                                                                    /mth
                                                                                    Interest Rate
                                                                                    % p.a.
                                                                                    Max. Loan Amount
                                                                                    RM 100,000
                                                                                    Total Repayment

                                                                                      Maybank Personal Loan

                                                                                      You Pay
                                                                                      /mth
                                                                                      Interest Rate
                                                                                      % p.a.
                                                                                      Max. Loan Amount
                                                                                      RM 100,000
                                                                                      Total Repayment

                                                                                        RHB Islamic Personal Financing-i (Medical)

                                                                                        You Pay
                                                                                        /mth
                                                                                        Profit Rate
                                                                                        % p.a.
                                                                                        Max. Financing Amount
                                                                                        RM 150,000
                                                                                        Total Payment

                                                                                          RHB Personal Financing (Medical)

                                                                                          You Pay
                                                                                          /mth
                                                                                          Interest Rate
                                                                                          % p.a.
                                                                                          Max. Loan Amount
                                                                                          RM 150,000
                                                                                          Total Repayment

                                                                                            BSN MyRinggit-i (Postgraduate)

                                                                                            You Pay
                                                                                            /mth
                                                                                            Profit Rate
                                                                                            % p.a.
                                                                                            Max. Financing Amount
                                                                                            RM 50,000
                                                                                            Total Payment

                                                                                              BSN MyRinggit-i (Professional)

                                                                                              You Pay
                                                                                              /mth
                                                                                              Profit Rate
                                                                                              % p.a.
                                                                                              Max. Financing Amount
                                                                                              RM 400,000
                                                                                              Total Payment

                                                                                                BSN MyRinggit-i (Financial Institution Employee (FIE)

                                                                                                You Pay
                                                                                                /mth
                                                                                                Profit Rate
                                                                                                % p.a.
                                                                                                Max. Financing Amount
                                                                                                RM 250,000
                                                                                                Total Payment

                                                                                                  BSN MyRinggit-i (Perintis)

                                                                                                  You Pay
                                                                                                  /mth
                                                                                                  Profit Rate
                                                                                                  % p.a.
                                                                                                  Max. Financing Amount
                                                                                                  RM 50,000
                                                                                                  Total Payment

                                                                                                    BSN MyRinggit-i (Hajj, Umrah & Pilgrimage)

                                                                                                    You Pay
                                                                                                    /mth
                                                                                                    Profit Rate
                                                                                                    % p.a.
                                                                                                    Max. Financing Amount
                                                                                                    RM 400,000
                                                                                                    Total Payment

                                                                                                      Bank Islam Personal Financing (Professional Program)

                                                                                                      You Pay
                                                                                                      /mth
                                                                                                      Interest Rate
                                                                                                      % p.a.
                                                                                                      Max. Loan Amount
                                                                                                      RM 300,000
                                                                                                      Total Repayment

                                                                                                        Tambadana Fast Cash Loan

                                                                                                        You Pay
                                                                                                        /mth
                                                                                                        Interest Rate
                                                                                                        % p.a.
                                                                                                        Max. Loan Amount
                                                                                                        RM 10,000
                                                                                                        Total Repayment

                                                                                                          Regal Reign Personal Financing

                                                                                                          You Pay
                                                                                                          /mth
                                                                                                          Interest Rate
                                                                                                          % p.a.
                                                                                                          Max. Financing Amount
                                                                                                          RM 200,000
                                                                                                          Total Repayment

                                                                                                            STS Wealth Care Debt Restructure Services

                                                                                                            You Pay
                                                                                                            /mth
                                                                                                            Interest Rate
                                                                                                            % p.a.
                                                                                                            Max. Loan Amount
                                                                                                            RM 2,000,000
                                                                                                            Total Repayment
                                                                                                              Last updated: Sep 13, 2024

                                                                                                              Other Personal Loan categories

                                                                                                              Still unsure about which product best suits you?

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                                                                                                              How do you apply for a personal loan online?

                                                                                                              Step 1 Image

                                                                                                              Step 1

                                                                                                              Explore our Suggest Me Personal Loan tool to identify the best personal loan based on your requirements and eligibility.

                                                                                                              Step 2 Image

                                                                                                              Step 2

                                                                                                              Select the best product that fits your requirements from the list of recommended personal loan products listed and click on the Apply button.

                                                                                                              Step 3 Image

                                                                                                              Step 3

                                                                                                              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.

                                                                                                              FAQs Personal Loans in Malaysia - FAQ

                                                                                                              Your short-term money needs can be met by applying for a personal loan. Get relieved off the stress occasioned by urgent needs in times when you are hard up. This could help in scenarios when you want to acquire new furniture or when you have run short of funds for your honeymoon or wedding. This is highly convenient and it is a quick option for those who are in dire need of funds to rescue themselves from sudden money deficits or even the acquisition of a property that has been desired for long at the cost of an arm and a leg.

                                                                                                              • A personal loan is an unsecured loan you borrow from a bank. This means that you can borrow money from the bank without the bank asking for any collateral. However, you should still repay your personal loan on time to avoid late penalty charges or negative impact on your credit score. 

                                                                                                                A personal loan has a shorter repayment period compared to home loans. You are usually expected to fully repay your personal loan within 10 years. 

                                                                                                                Also, unlike home or car loans, you can get a personal loan without any specific purposes. You can get it for home improvements, start a business or even for medical emergencies. However, we do not recommend getting a personal loan without careful consideration.

                                                                                                              • There are two types of personal loans available: secured and unsecured loans.

                                                                                                                What are secured loans? 

                                                                                                                Secured loans are where you are required to offer an asset (e.g. car, house) as collateral in case you cannot repay your loan. 

                                                                                                                This means that the lender has a legal right to seize the asset you listed in the event you cannot repay your loan within the agreed repayment terms.

                                                                                                                Bigger loans like home loans may also require you to list a guarantor in case you fail to repay your loan.

                                                                                                                What are unsecured loans?

                                                                                                                Unsecured loans are loans where the lenders are not required to list any asset as a collateral. Instead, they will assess you’re your creditworthiness based on the following criteria among other factors before they decide if they want to lend you the money:  

                                                                                                                • Your employment status 
                                                                                                                • Your proof of income (at least 6 months)
                                                                                                                • Your credit score 

                                                                                                                These criteria will also determine how much you can borrow, your personal loan terms and interest rate. You can read about the types of personal loans and interest rates for more information.

                                                                                                              • Firstly, let’s find out what is a conventional loan: 

                                                                                                                A conventional loan follows conventional financing principles where lenders lend money to customers like you and earn profit from the interest you paid on your loan every month.

                                                                                                                What is an Islamic financing?

                                                                                                                An Islamic financing follows Shariah financing principles which prohibits Riba (interest-based transactions). Instead, it is based on the concept of earning through the sale of commodities which looks like this:

                                                                                                                • Deferred Payment: where you will repay the Bank of the Item's Selling Price on deferred basis through monthly payments.

                                                                                                                To find out more, you can read our article about Islamic property financing.

                                                                                                              • While there are many reasons to get a personal loan, we recommend that you apply for one which can help you generate a return or reduce your debt over time. Some good reasons for getting a personal loan include:

                                                                                                                • To better manage your debts through consolidation

                                                                                                                  If you currently have a few outstanding debts – like other personal loans and credit card balances – consolidating your debts into one lower-interest personal loan will help you better manage your debts. Not only will you be able to lower your overall interest payments and fix a monthly repayment, you will also find it easier to manage just one repayment instead of multiple.

                                                                                                                • To improve your credit score

                                                                                                                  Taking a personal loan and refinancing it on time shows a bank that you can be trusted with credit (a.k.a borrowed money). A good way to do so is to take a low-interest personal loan to pay off your credit card balance – this does not just save you money but can also improve your credit score if you make your repayments on time!

                                                                                                                • To pay for a medical emergency

                                                                                                                  Your physical health should always be prioritized over your financial health. If you or your loved one does not have medical insurance when hit by an unexpected health emergency, taking a personal loan is one of the easiest solutions to access the medical treatment needed.

                                                                                                                Get more insight as you read our article about the right reasons to take a personal loan.

                                                                                                              • The best personal loan for you is one that meets your needs and will not financially burden you. Use our iMoney Personal Loan Calculator to find what you need.

                                                                                                              • It’s quick and simple:

                                                                                                                1. Use our personal loan calculator to tell us what you are looking for, your basic and employment info. We will then recommend you a list of personal loans that fit your needs and eligibility.
                                                                                                                2. Click “Apply” on the personal loan that you would like to apply for and fill out the application form (your basic and employment info).
                                                                                                                3. We’ll get in touch with you within 1 business day to help you process and submit your application.
                                                                                                                4. You will hear from the bank or provider on your application status.

                                                                                                              • iMoney provides you with the tools that you need to find the best personal loan for your situation. Our iMoney consultants will help guide you through the application process and even assist you in checking your eligibility requirements for your preferred loan.

                                                                                                                We offer:

                                                                                                                • Personal loan calculator

                                                                                                                  A personal loan calculator to help you decide on how much you can afford to borrow. Our personal loan calculator helps you compare and find the best personal loans in Malaysia based on your needs and eligibility.

                                                                                                                • Friendly customer care agents

                                                                                                                  Our friendly customer care agents will guide you through the borrowing process. They will call you to check your eligibility and recommend the right personal loan product with higher chances of approval. Our CCAs will also help you with your application after you have filled out your details.

                                                                                                                • Quick and easy online applications

                                                                                                                  Apply from the convenience of your home. It's fast, free, and fully online (some banks may require you to visit a bank branch to verify your identity).

                                                                                                              • This depends on your employment status, income, and your credit score. The highest loan amount you can borrow through a personal loan in Malaysia is RM200,000, depending on the financial institutions. However, your salary also plays a part in determining the loan amount that you qualify for. As a rule of thumb, a borrower can typically borrow up to four times his/her monthly salary. Use our personal loan calculator to compare and apply for the personal loan which fits your needs and eligibility.

                                                                                                              • In general, there are three basic requirements for applying for a personal loan in Malaysia. These are:

                                                                                                                1. You must be between the ages of 18 and 65 years old.
                                                                                                                2. You must be a Malaysian citizen (some banks will make an exception if you apply in person).
                                                                                                                3. You must not be bankrupt.

                                                                                                              • The minimum salary requirement for a personal loan is determined by the lender and amount that you are looking to borrow. In general, you should have a salary of at least RM2,000 per month before applying for a personal loan.

                                                                                                              • You need to be at least 18 years old and below 60 years old. The age requirement may differ slightly from financial institution to financial institution. Use our personal loan calculator above to find which financial institution offers a personal loan that you are eligible for.

                                                                                                              • The documents needed to apply for a personal loan are:

                                                                                                                • A copy of your NRIC
                                                                                                                • Your salary slip
                                                                                                                • Your EPF statement

                                                                                                                You may also need other documents depending on your income status (salaried/self employed/commission).

                                                                                                              • The interest rate of a personal loan depends on several factors including your income, employment status, and credit score. Use our personal loan calculator to find the personal loan that best fits your needs and eligibility.

                                                                                                              • Flat Interest Rate Effective Interest Rate
                                                                                                                Interest payments are based on the initial original principal amount. Interest payments are based on the remaining outstanding principal, and are recalculated at the end of each month.
                                                                                                                You end up paying the same amount each month during the tenure of the loan. The amount you pay each month decreases across the tenure of the loan.

                                                                                                              • Interest rates are determined by lenders based on their Base Rate (BR) plus their declared margin. This number is called the Effective Lending Rate (ELR). For example, Maybank has a BR of 1.75% plus a margin of 1.50%; this means the interest rate that you are charged is 3.25%.

                                                                                                                Interest rates are expressed as Annual Percentage Rates (APR). This means that the interest is calculated for the whole year instead of a monthly basis. To get the monthly interest rate, just divide the APR by 12 months.

                                                                                                                Visit our Learning Centre for more information on