Cash woes? A personal loan to the rescue!

    Personal Loans in Johor Bahru

    Looking for a personal loan in Johor Bahru? Here are some of the personal loans offered by some of the well-known banks in the city of Johor Bahru. Compare the interest rates and apply for the one that meets your requirement.

    About Johor Bahru

    With a population of more than 2.7 million, Johor Bahru stands tall as one of the largest cities in Malaysia. A haven for tourists, every year more than 16 million people visit the place to immerse in its vibrant lifestyle.

    Some of the major attractions in and around the city include, Bangunan Sultan Ibrahim, Sultan Iskandar Complex, Istana Pasir Pelangi, Istana Bukit Serene, and AEON Tebrau City, to name a few. The city is also considered as a major financial hub to reckon with.

    List of Banks Offering Personal Loans in Johor Bahru

    Here are some of the banks operating from Johor Bahru that offer personal loans to individuals:

    • Alliance Bank
    • RHB Bank
    • CIMB Bank
    • Hong Leong Bank
    • BSN
    • Bank Of China
    • Agrobank
    • Citibank
    • Al Rajhi Bank
    • Standard Chartered
    • AmBank
    • UOB

    Eligibility Criteria

    Before applying for a personal loan, it’s best to know whether you are eligible to get personal financing or not. Here are some of the basic eligibility criteria that you need to meet:

    • Nationality: If you are a permanent resident of Johor Bahru, you have a better chance than non-residents to get your loan approved. Some banks do offer personal loan facilities to foreigners, though.
    • Maximum Income Required: Generally, minimum income required is capped at RM2,000 monthly or RM24,000 annually. However, this may vary from bank to bank. Some banks might have a minimum annual income capped at RM36,000 or more.
    • Age Limit: The minimum age limit criteria for most banks is 18 years to 21 years. The maximum age limit is usually fixed at 65 years. However, this may vary from bank to bank.
    • Maximum Loan Amount: Most banks offer a maximum loan of up to RM150,000. However, some banks may offer a loan amount of up to RM200,000 or more.
    • Documents Required: You need provide your MyKad, permanent address proof, income proof, age proof, income tax details, 3 months’ salary slips (latest), EPF contribution statement, etc.

    Compare Personal Loans in Johor Bahru for 2019

    Banks Interest/Profit Rate (p.a.) Loan Tenure Min. Annual Income Min. to Max. Loan Amount More Info.
    Alliance Cashfirst Personal Loan EIR 14.73% to 24.37% 1 to 7 years RM36,000 RM5,000 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
    Standard Chartered Quick Cash Edge Starts from 6.99% 1 to 7 years RM24,000 Up to RM250,000
    CIMB Cash Plus Personal Loan ELR 14.50% to 24% 1 to 5 years RM24,000 RM2,000 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
    RHB Personal Financing 13.45% up to EIR 24% 1 to 7 years RM24,000 RM2,000 to RM150,000
    Citibank Personal Loan 7.9% to 12.5% 2 to 5 years RM48,000 RM5,000 to RM150,000
    UOB Personal Loan EIR 17.96% to 21.57% 1 to 5 years
    • RM24,000 for salaried employee
    • RM36,000 for self-employed individuals
    RM5,000 to RM100,000

    Are you staying in Johor Bahru and on the lookout for personal financing? Compare these loans and apply for the one that suits you best.

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