Bills due before payday
Rent or school fees due on the 20th, salary in on the 28th. Example: RM 2,000 for 14 days costs RM 3.81 in interest, so you repay RM 2,003.81.
Short-term Loan
For a gap of days or weeks. Pay interest only for the days you use, then repay in one go.
per day (4.9% p.a.)0.0136%
- per day (4.9% p.a.)
- 0.0136%
- Amount
- RM 500 – 10,000
- Period
- 7 – 90 days
- Repayment
- One repayment on the due date, or earlier
What you can use it for
For a one-off cash gap you can clear soon, such as a bill due before payday. Borrow RM 500 to RM 10,000 for 7, 14, 30, 60 or 90 days. You repay the amount plus interest in a single payment on the due date, or earlier.
Urgent repairs
A car repair you need to get to work, or a burst pipe at home, when your savings won't stretch until next month.
Waiting for a client to pay
Freelancers and small traders covering costs until a confirmed invoice is paid.
Overlapping deposits
A new rental deposit due before the old one is refunded.
Who can apply
- Malaysian citizen or PR aged 21 – 60 with a steady income
- A clear date when the money to repay will come in
- A Malaysian bank account in your own name
- Up to date on your current repayments
What you'll need
- Your MyKad, verified when you sign with our licensed lending partner (this website never asks for your IC number)
- A Malaysian bank account in your name, for the payout and your repayment
- A mobile number in your name that you use for WhatsApp
- Salaried: your latest payslip, or 1 month's bank statement showing your salary
- Self-employed or gig worker: recent bank statements or platform earnings statements showing regular income
Before you apply
Still comparing? Leave your number and we'll do the maths
Sending an enquiry won't check your credit record and doesn't commit you to anything. An adviser will message you on WhatsApp, usually within 1 working hour, with a rough idea of how much you could borrow, your likely rate and your monthly repayment.
How much interest will I pay?
Interest = amount × daily rate × days. At 4.9% p.a. (about 0.0136% a day), RM 5,000 for 14 days costs RM 5,000 × 4.9% ÷ 360 × 14 = RM 9.53. RM 2,000 for 30 days costs RM 8.17, so you repay RM 2,008.17 on the due date. Every approved customer pays 4.9% p.a.; your assessment decides whether you're approved and how much we can lend, and your adviser confirms the amount and due date before you sign.
If I repay early, do I still pay for the full period?
No. Interest is charged only for the days you actually borrow, and there's no early repayment penalty. Borrow RM 2,000 for 30 days and repay on day 14, and the interest is RM 3.81 instead of RM 8.17.
Why is there no monthly instalment?
Because it's meant for short gaps, you repay everything in one payment on the due date by bank transfer, FPX or JomPAY. Choose a period that ends after the date your money comes in, not before it.
What if I can't repay on the due date?
Tell your adviser on WhatsApp before the due date, not after. Late payment charges set out in your loan agreement apply once the due date passes, and missed payments can affect future applications. Ask your adviser before you sign whether our licensed lending partner reports repayments to any credit reporting agency. Your adviser can explain the options your agreement allows. If you're struggling with several debts, AKPK offers free counselling.
When is a short-term loan a bad idea?
If you'd need another loan to repay this one, the gap isn't short-term. If you come up short every month, the fix is a budget change, or a Personal Loan with instalments you can plan around. Never take a new short-term loan just to repay an old one.
Other loans
Loans by purpose
Guides for common reasons to borrow, with an example and what to check first.
Apply for a Short-term Loan in about 3 minutes
Work out your monthly repayment first with our calculator. Your adviser confirms your rate before you sign, and applying doesn't commit you to borrow.