A number of banks and financial institutions in Malaysia let you choose from multiple loan packages that best suits your financial needs. You can also choose Personal Loans from a range of flexible tenures according to your repayment capacity.
Best Personal Loans you should know in 2018
- Alliance Bank CashVantage Personal Financing-i:
This loan package by Alliance Bank comes with a low approval and processing time. You can apply for up to RM150,000 through this facility. You are also given a range of repayment tenures to choose from that has a maximum limit of 84 months.
The monthly repayment for this facility is as low as RM94. The repayment for this scheme can be made via IBG and IBFT. You can apply for this loan if you’re living in Malaysia and working in either Singapore or Malaysia.
- BSN MyRinggit-i Eksekutif-1 with Floating Rate:
This financing scheme is open to executive employees of GLC (Government Linked Companies), PLCs (Public Listed Companies), GLAs (Government Linked Agencies), and multinational corporations that are working on permanent or contract basis.
You can get up to RM200,000 through this package. The facility comes with tenures ranging from 2 to 10 years. The scheme is offered in both, Islamic and conventional formats. The funds receivable via the facility come with an interest rate of as low as 6.00% p.a.
- MBSB Personal Financing Afdhal-i:
This financing scheme by MBSB comes with a high range of financing amount that has a maximum limit of RM400,000. The profit rate associated with the package is as low as 4.40% p.a. flat.
With the facility, you can choose from a flexible range of repayment tenures that can be extended to 10 years. In order to get this loan, you need to have an annual income of RM180,000.
- RHB Easy-Pinjaman Ekspres Personal Loan
The loan facility by RHB comes with quick approval and applications can be approved within 10 minutes provided you meet all the required eligibility criteria. The maximum amount you can apply for via this scheme is RM150,000. You can opt for any tenure between 12 months to 60 months with the loan. The loan also offers competitive interest rates.
- Standard Chartered CashOne Personal Loan:
The loan facility provided by Standard Chartered comes with an interest rate of as low as 0.583% per month. You can obtain funds up to RM150,000 through the facility.
The loan is exclusively available for Standard Chartered platinum cardholders. The loan application process doesn’t require you to be accompanied with a guarantor.