Are you looking for a personal loan in and around Alor Setar, Malaysia? The city is home to plenty of banks offering personal loans at attractive interest rates.
Located on the west coast of Malaysia, Alor Setar is the capital city of Kedah. A picturesque city rich in Malay culture, Alor Setar offers tourists a plethora of sightseeing attractions to delve into.
Some of the must-visit attractions include the Buddhist temple complex - Wat Nikrodharam, Balai Seni Negeri, Balai Besar, Kuala Kedah Fort, and The Tou Mu Kung Temple, to name a few.
Some of the banks in Alor Setar that offer personal loan facilities include:
|Banks||Interest/Profit Rates (p.a.)||Loan Tenure||Min. Yearly Income||Min. to Max. Loan Amount||More Info.|
|CIMB Cash Plus Personal Loan||ELR 14.50% to 24%||1 to 5 years||RM24,000||RM2,000 to RM100,000|
|RHB Personal Financing||13.45% up to EIR 24%||1 to 7 years||RM24,000||RM2,000 to RM150,000|
|Bank Muamalat Personal Financing-i||-||3 to 10 years||-||RM5,000 to RM150,000|
|Maybank Personal Loan||ELR 11.53% to 14.68%||2 to 6 years||RM30,000||RM5,000 to RM100,000|
|UOB Personal Loan||EIR 17.96% - 21.57%||1 to 5 years||
||RM5,000 to RM100,000|
|Alliance Cashfirst Personal Loan||EIR 14.73% to 24.37%||1 to 7 years||RM36,000||RM5,000 to RM150,000|
|AmBank AmMoneyLine||EIR 14.13% to 20.30%||1 to 5 years||RM24,000||RM2,000 to RM100,000|
|Standard Chartered Quick Cash Edge||Starts from 6.99%||1 to 7 years||RM24,000||Up to RM250,000|
|Hong Leong Bank Personal Loan||EIR 12.38% to 24.82%||2 to 7 years||RM24,000||RM5,000 to RM100,000|
|Bank Islam Personal Financing-i Public Sector||4.99% p.a.||1 to 10 years||RM24,000||RM10,000 to RM200,000|
EIR = Effective Interest Rate
ELR = Effective Lending Rate
Are you staying in Alor Setar and on the lookout for personal financing? Compare these loans and apply for the one that suits you best.
Q. What are the working hours for the banks?
A. For most banks, it’s usually a 5-day workweek. However, some banks operate 6 days in a week. The working hours usually vary between 8 a.m. and 5:30 p.m. Some local banks don’t operate on Fridays from 12:45 p.m. to 2:45 p.m. due to prayers.
Q. How can I apply for a personal loan in Alor Setar?
A. You can apply either online or offline. For online application, you need to visit the bank’s website, fill up the required fields, and hit the submit button once done. The bank will contact you after checking the information you have provided. For offline application, you need to go to the bank, talk to the executive, and fill up the forms. Applying online is simpler and saves you a lot of time and paperwork.
Q. How long does it take to get my personal loan approved?
A. The timeline varies from bank to bank. Generally, it takes 2 to 3 business days for the bank to approve and disburse the loan amount. It might take some more time if there are discrepancies in your documents.