Cash woes? A personal loan to the rescue!
  • Long Term Personal Loans

    Long-term personal loans are loans that offer you tenure for more than 3 years. Some banks offer personal loans for 5 years and some even up to 10 years. Such loans will carry a lower monthly instalment amount.

    List of Best Long Term Personal Loans:

    Compare Personal Loans with Longer Payment Terms in Malaysia

    Personal Loan Tenure Interest Rate Min. Monthly Income Min. Loan Amount Max. Loan Amount More Info.
    Alliance Bank CashFirst Personal Loan Up to 7 years 8.38% - 14.78% p.a. RM3,000 RM5,000 RM150,000
    Al Rajhi Personal Financing-i Up to 8 years 6.99% p.a. RM4,500 RM10,000 RM150,000
    HSBC Amanah Personal Financing-i Up to 7 years 10.5% p.a. RM3,000 RM6,000 RM150,000
    Bank Rakyat Personal Financing-i Private Up to 10 years 5.61% p.a. RM2,000 RM2,000 RM150,000

    Alliance Bank CashFirst Personal Loan

    Benefits:

    • You can choose a flexible loan tenure for up to 7 years.
    • You need not pay any early settlement fee.
    • Your monthly instalment amount can be as low as RM94 per month depending on your approved loan amount and tenure chosen.
    • You don’t need to present any collateral or guarantor.

    Eligibility:

    • You need to be aged a minimum of 21 years and should not exceed a maximum of 60 years (upon completion of loan tenure).
    • You need to be a Malaysian citizen or permanent resident working and living in Malaysia.

    How to apply for this loan?

    1. You can visit the nearest branch and apply for a loan.
    2. You can call customer service at 03 5516 9988.
    3. You can submit an online enquiry form with your contact details where a bank representative will call you to provide assistance.

    Al Rajhi Personal Financing-i

    Benefits:

    • You can get a high financing limit up to 5 or 8 times your monthly income.
    • You can enjoy a flexible tenure of up to 8 years.
    • You need not present a guarantor.

    Eligibility:

    • You need to be aged a minimum of 25 years and above.

    How to apply for this loan?

    1. You can download an online application form and complete it will relevant details. Carry the completed form along with the required supporting documents to your nearest branch to apply for a loan.
    2. You can apply for a loan online by completing and submitting the application form available on the bank website.

    HSBC Amanah Personal Financing-i

    Benefits:

    • You can get instant cash disbursement via your HSBC Amanah account once your loan is approved.
    • Your monthly instalment amount can be as low as RM134 based on your approved loan details.
    • You can enjoy a flexible tenure of up to a maximum of 7 years.
    • You can get your loan approved within 3 working days based on your eligibility.

    Eligibility:

    • You need to be aged minimum 21 years and must not exceed the maximum age of 60 years (upon completion of tenure).
    • You need to be a Malaysian citizen or a permanent resident in Malaysia.
    • You need to be an existing customer of HSBC Amanah to choose a tenure of 7 years.

    How to apply for this loan?

    You can visit your nearest branch with required documents. Fill up an application form and submit the documents.

    Bank Rakyat Personal Financing-i Private

    Benefits:

    • You can borrow up to a maximum of RM150,000 based on your eligibility.
    • You need not present any guarantor.
    • You can opt to take Takaful cover as per your preference.

    Eligibility:

    • You need to be aged minimum 18 years and must not exceed the maximum age of 60 years (upon completion of tenure).
    • You need to be a Malaysian citizen.

    How to apply for this loan?

    1. You can complete and submit online enquiry form where a bank representative will contact you to assist with the loan application.
    2. You can visit your nearest branch and submit a completed application form along with mandatory documents.

    BSN Aflah SPIK Personal Financing-i

    Benefits:

    • This loan is designed for all those working at registered financial institutions in Malaysia.
    • You can get financing up to a maximum of RM100,000.
    • You can choose between different payment modes such as cash, cheque, standing instructions and ATM.

    Eligibility:

    • You need to be aged minimum 21 years and maximum 60 years (upon completion of tenure).
    • You need to be a Malaysian citizen.
    • You need to be a permanent employee of a banking institution registered in Malaysia.
    • You need to have a BSN GIRO or GIRO-i account.

    How to apply for this loan?

    You can visit your nearest branch to apply for a loan. Carry the mandatory documents with you and submit them along with a completed application form.

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