No fees on top of interest when you repay on time
Every rate is shown per year, worked out on the balance you still owe. There are no processing or admin fees and nothing is deducted from your payout, so if you repay on time, the interest in your loan agreement is the whole cost. Late charges are set out separately in the agreement.
Rates by loan
The rate shown applies to every period. Every approved customer pays it. Your income, existing commitments and credit record decide whether you're approved and how much we can lend, and your adviser confirms the amount, term and instalment on WhatsApp before you sign.
| Loan | Rate | Amount | Period |
|---|---|---|---|
| Personal Loan | 4.9% p.a. | RM 1,000 – 100,000 | 3 – 108 months |
| SME Business Loan | 4.9% p.a. | RM 5,000 – 300,000 | 6 – 108 months |
| Short-term Loan | 0.0136% a day | RM 500 – 10,000 | 7 – 90 days |
Personal Loan: monthly instalment by period
The rate is 4.9% p.a. for every period from 3 to 108 months. A longer period lowers the instalment but costs more in total: on RM 10,000, total interest is RM 267.40 over 12 months and RM 2,386.66 over 108 months. The SME Business Loan (6 to 108 months) uses the same rate.
| Period | Monthly on RM 10,000 | Total interest |
|---|---|---|
| 3 months | RM 3,360.59 | RM 81.78 |
| 6 months | RM 1,690.57 | RM 143.39 |
| 12 months | RM 855.62 | RM 267.40 |
| 24 months | RM 438.27 | RM 518.37 |
| 36 months | RM 299.26 | RM 773.38 |
| 48 months | RM 229.84 | RM 1,032.35 |
| 60 months | RM 188.25 | RM 1,295.32 |
| 72 months | RM 160.59 | RM 1,562.09 |
| 84 months | RM 140.87 | RM 1,832.98 |
| 96 months | RM 126.12 | RM 2,107.93 |
| 108 months | RM 114.69 | RM 2,386.66 |
Fees we don't charge
- Processing or service fees
- Account admin fees
- Membership or "express" fees
- Early settlement penalties
- Any deduction from your payout
How interest is worked out
- Only on what you still oweInterest is charged on the outstanding principal (reducing balance), not on the original amount. Each month's interest is the balance × the annual rate ÷ 12, so at 4.9% p.a. a month costs about 0.41% of the balance: RM 40.83 on RM 10,000. Interest by the day (annual rate ÷ 360) applies to short-term loans and when you settle between due dates.
- The same instalment every monthInstalment loans are repaid in equal monthly instalments. As the balance falls, less of each payment goes to interest and more to principal. Instalments are rounded to the sen, so the last one is adjusted slightly (usually by a few sen) to clear the balance exactly.
- Short-term loans: one paymentInterest = amount × (4.9% ÷ 360) × days, about 0.0136% a day. RM 2,000 for 30 days costs RM 8.17, and you repay RM 2,008.17 in one payment on the due date, or earlier for less.
- Settling earlyNo penalty or fee. Interest stops on the day you settle, so you pay only the balance plus interest up to that day. Ask your adviser for the exact amount.
- Late payment chargesSet out in your loan agreement. By law, late payment interest is capped at 8% a year, calculated daily on the overdue instalment only. Ask your adviser to point the charges out before you sign, and whether our licensed lending partner reports late payments to any credit reporting agency.
Under the Moneylenders Act 1951 and its regulations, interest on unsecured loans is capped at 18% p.a. Our rate is 4.9% p.a. for every period.
Try it yourself
Adjust the amount and period to see the monthly instalment and total interest at 4.9% p.a.
Annual, monthly and daily rates explainedExample: borrow RM 10,000 over 6 months
At 4.9% p.a., month 1 interest is RM 10,000 × 4.9% ÷ 12 = RM 40.83. Each instalment is RM 1,690.57 (the last is RM 1,690.54 to clear the balance), and total interest is RM 143.39.
| Month | Payment (RM) | Principal (RM) | Interest (RM) | Balance (RM) |
|---|---|---|---|---|
| 1 | 1,690.57 | 1,649.74 | 40.83 | 8,350.26 |
| 2 | 1,690.57 | 1,656.47 | 34.10 | 6,693.79 |
| 3 | 1,690.57 | 1,663.24 | 27.33 | 5,030.55 |
| 4 | 1,690.57 | 1,670.03 | 20.54 | 3,360.52 |
| 5 | 1,690.57 | 1,676.85 | 13.72 | 1,683.67 |
| 6 | 1,690.54 | 1,683.67 | 6.87 | 0.00 |
| Total | 10,143.39 | 10,000.00 | 143.39 | – |
If another lender quotes a flat rate, convert it to an annual rate on reducing balance before you compare.
Apply 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.