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Are you looking for a personal loan in Ipoh? Check out and compare the best personal loan offers in the Ipoh area. But first, let’s get to know what the city has to offer to visitors and its indigenous people.
Ipoh, the capital city of Perak (Malaysia), is surrounded by scenic landscapes and cultural delights. The city is home to around 750,000 people and is best known for its street art, markets, historical buildings, temples, and local cuisines.
Some of the well-known tourist spots in Ipoh include, Muzium Darul Ridzuan, Kong Heng Square, Padang Ipoh, Ipoh Wall Art Murals, and Kek Lok Tong Cave Temple, to name a few. The city offers visitors the best of both worlds – a modern, vibrant culture cloaked under the old world heritage that the city still possesses.
There are quite a few banks in and around Ipoh offering personal loans with attractive interest rates. Here are some of the banks that offer personal financing to individuals:
Do you want to know whether you are eligible for a personal loan? Banks have certain criteria set that you have to meet in order to qualify for a loan. Here are some of them:
|Banks||Interest Rate or Profit Rate (p.a.)||Loan Tenure||Mini. Annual Income||Min. to Max. Loan Amount||More Info.|
|AmBank AmMoneyLine Personal Loan||EIR 14.13% to 20.30%||1 to 5 years||RM24,000||RM2,000 to RM100,000|
|CIMB Cash Plus Personal Loan||ELR 14.50% to 24%||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|
|RHB Personal Financing||13.45% up to EIR 24%||1 to 7 years||RM24,000||RM2,000 to RM150,000|
|Hong Leong Bank Personal Loan||EIR 12.38% to 24.82%||2 to 7 years||RM24,000||RM5,000 to RM100,000|
|Alliance Bank CashVantage Personal Financing-i||EPR 14.73% to 24.37%||1 to 7 years||RM36,000||RM5,000 to RM150,000|
|UOB Personal Loan||EIR 17.96% to 21.57%||1 to 5 years||
||RM5,000 to RM100,000|
|Al Rajhi Bank Personal Financing-i||6.99% to 8.25%||2 to 8 years||RM60,000||RM10,000 to RM150,000|
ELR = Effective Lending Rate
EIR = Effective Interest Rate
Are you staying in Ipoh 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. In Ipoh, for most banks it’s usually a 5-day work week. However, some banks operate 6 days a week. The working hours usually vary between 8 a.m. and 5:30 p.m. Some local banks don’t operate every Friday from 12:45 p.m. to 2:45 p.m. due to prayers.
Q. How can I apply for a personal loan in Ipoh?
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. You can also submit the required documents online. The bank will get in touch with 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. You need to physically present all the required documents for offline application. 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 in Ipoh?
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.