Best Personal Loans in Malaysia 2022

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If you are looking for the best personal loans in Malaysia, you've come to the right place. 

A personal loan is a type of loan that is issued by banks and financial institutions. It is the perfect solution when you are in need of extra funds to finance personal expenses like your home renovations, holidays, education costs, business, medical bills or anything else. Personal loans give you the financial flexibility to use the funds as per your convenience and needs. As its name suggest, a personal loan is a type of unsecured loan and helps to meet your current financial needs. You don't usually need to pledge any security or collateral to apply for a personal loan.

best personal loan malaysia


We've analysed and reviewed these personal loans below to help you find the best match for your requirements.

Best Personal Loan Malaysia 2021 / 2022

Alliance Bank CashFirst Personal Loan

Interest rate from: 3.99%
Tenure: 1 - 7 years
Loan Amount: RM5,000 - RM150,000
Minimum Income: RM3,000 (locals)
Processing Fee: Nil
Employment: Salaried or Self-employed
Approval time: NA
Additional info: Malaysian citizen & PR

Al-Rajhi Personal Financing-i

Interest rate from: 4.99%
Tenure: 1 - 8 years
Loan Amount: RM5,000-RM150,000
Minimum Income: RM4,500
Processing Fee: Nil
Employment: Salaried only (GLC/PLC/MNC/Sdn Bhd)
Approval time: NA
Additional info: Malaysian citizen & PR

Bank Islam Personal Financing-i (non-package)

Interest rate from: 4.50%
Tenure: 1 - 10 years
Loan Amount: RM10,000 - RM150,000
Minimum Income: RM3,500
Processing Fee: Nil
Employment: Salaried only (public/GLC/PLC/MNC)
Approval time: NA
Additional info: Malaysian citizen only (guarantor needed for >RM30k)

AEON iCASH Personal Financing

Interest rate from: 7.92%
Tenure: 5 - 7 years
Loan Amount: RM1,000-RM100,000
Minimum Income: RM1,500
Processing Fee: 2% up to RM400
Employment: Salaried or Self-employed
Approval time: 3 working days
Additional info: Malaysian citizen only

Alliance CashVantage Personal Financing-i

Interest rate from: 8.38%
Tenure: 1 - 7 years
Loan Amount: RM5,000 - RM150,000
Minimum Income: RM3,000 (locals)
Processing Fee: Nil
Employment: Salaried or Self-employed
Approval time: NA
Additional info: Malaysian citizen & PR

AmBank Personal Financing-i

Interest rate from: 7.90%
Tenure: 1 - 5 years
Loan Amount: RM5,000 - RM100,000
Minimum Income: RM1,500
Processing Fee: Nil
Employment: Salaried (public & private sector)
Approval time: NA
Additional info: Malaysian citizen only

AmBank AmMoneyLine Facility-i

Interest rate from: 8.00%
Tenure: 1 - 5 years
Loan Amount: RM5,000 - RM100,000
Minimum Income: RM2,000
Processing Fee: Nil
Employment: Salaried / Commission Earner / Self-employed
Approval time: NA
Additional info: Malaysian citizen & PR

AmBank AmMoneyLine

Interest rate from: 8.00%
Tenure: 1 - 5 years
Loan Amount: RM5,000 - RM100,000
Minimum Income: RM2,000
Processing Fee: Nil
Employment: Salaried / Commission Earner / Self-employed
Approval time: NA
Additional info: Malaysian citizen only

Bank Islam Personal Cash Line-i

Interest rate from: 4.03%
Tenure: 1 - 5 years
Loan Amount: RM5,000 - RM200,000
Minimum Income: RM2,000
Processing Fee: RM50
Employment: Salaried or Self-employed
Approval time: NA
Additional info: Malaysian citizen only

Bank Islam Flat Rate Personal Financing-i (package)

Interest rate from: 4.99%
Tenure: 1 - 10 years
Loan Amount: RM5,000 - RM200,000
Minimum Income: RM2,000
Processing Fee: RM50
Employment: Salaried only (public/GLC/PLC/MNC)
Approval time: NA
Additional info: Malaysian citizen only

Bank Rakyat Personal Financing-i Private

Interest rate from: 4.95%
Tenure: 1 - 10 years
Loan Amount: RM5,000 - RM150,000
Minimum Income: RM2,000
Processing Fee: RM30
Employment: Salaried only (private)
Approval time: NA
Additional info: Malaysian citizen only

Bank Rakyat Personal Financing-i for Pensioner

Interest rate from: 4.63%
Tenure: 1 - 10 years
Loan Amount: RM5,000 - RM100,000
Minimum Income: RM800
Processing Fee: RM30
Employment: Pensioner only (public)
Approval time: NA
Additional info: Malaysian citizen only

Bank Rakyat Personal Financing-i Public Sector (Fixed Rate)

Interest rate from: 3.27%
Tenure: 1 - 10 years
Loan Amount: RM5,000 - RM200,000
Minimum Income: RM1,000
Processing Fee: RM30
Employment: Salaried only (public)
Approval time: NA
Additional info: Malaysian citizen only

BSN Eksekutif-1 (Floating Rate)

Interest rate from: 4.1%
Tenure: 2 - 10 years
Loan Amount: RM50,000 - RM200,000
Minimum Income: RM3,000
Processing Fee: Nil
Employment: Salaried only (GLC/PLC/MNC), Min 1 year working experience
Approval time: 5 working days
Additional info: Malaysian citizen, Permanent & Contract executives

BSN Eksekutif-1

Interest rate from: 6%
Tenure: 2 - 10 years
Loan Amount: RM10,000 - RM200,000
Minimum Income: RM3,000
Processing Fee: Nil
Employment: Salaried only (GLC/PLC/MNC), Min 3 years working experience
Approval time: 5 working days
Additional info: Malaysian citizen, Permanent & Contract executives

CIMB Cash Plus Personal Loan

Interest rate from: 6.88%
Tenure: 2 - 5 years
Loan Amount: RM2,000 - RM100,000
Minimum Income: RM2,000
Processing Fee: Nil
Employment: Salaried (public & private sector)
Approval time: 1 working day
Additional info: Malaysian citizen only

Citibank Personal Loan

Interest rate from: 5.88%
Tenure: 2 - 5 years
Loan Amount: RM5,000 - RM150,000
Minimum Income: RM4,000
Processing Fee: Nil
Employment: Salaried (private & GLC) or Self-employed
Approval time: NA
Additional info: Malaysian citizen & PR

Hong Leong Personal Loan

Interest rate from: 5.0%
Tenure: 2 - 5 years
Loan Amount: RM5,000 - RM250,000
Minimum Income: RM2,000
Processing Fee: Nil
Employment: Salaried (public & private sector) or Self-employed
Approval time: NA
Additional info: Malaysian citizen & PR, Fresh graduate confirmed staff can apply

Hong Leong Personal Financing-i

Interest rate from: 5.0%
Tenure: 2 - 5 years
Loan Amount: RM5,000 - RM150,000
Minimum Income: RM2,000
Processing Fee: Nil
Employment: Salaried (public & private sector) or Self-employed
Approval time: NA
Additional info: Malaysian citizen & PR, Fresh graduate confirmed staff can apply

HSBC Amanah Personal Financing-i 

Interest rate from: 7.50%
Tenure: 2 - 7 years
Loan Amount: RM6,000 - RM250,000
Minimum Income: RM3,000
Processing Fee: Nil
Employment: Salaried (public & private sector) 
Approval time: NA
Additional info: Malaysian citizen & PR, Fresh graduate confirmed staff can apply

instaDuit 

Interest rate from: 12%
Tenure: 6 - 24 months
Loan Amount: RM1,000 - RM10,000
Minimum Income: RM1,500
Processing Fee: Nil
Employment: Salaried only
Approval time: NA
Additional info: Malaysia citizen only. KL/Selangor/Putrajaya only

JCL Personal Loan

Interest rate from: 12%
Tenure: 1 - 5 years
Loan Amount: RM500 - RM50,000
Minimum Income: RM1,000
Processing Fee: Nil
Employment: Salaried or Self-employed
Approval time: NA
Additional info: Malaysia citizen only. 

KFH Murabahah Personal Financing-i (Private Sector)

Interest rate from: 6.88%
Tenure: 2 - 10 years
Loan Amount: RM5,000 - RM250,000
Minimum Income: RM3,000
Processing Fee: Nil
Employment: Salaried (private sector)
Approval time: NA
Additional info: Malaysia citizen only. 

Maybank Personal Financing-i

Interest rate from: 6.50%
Tenure: 2 - 6 years
Loan Amount: RM5,000 - RM100,000
Minimum Income: RM3,500
Processing Fee: Nil
Employment: Salaried (public & private sector)
Approval time: NA
Additional info: Malaysia citizen & PR

Maybank Personal Loan

Interest rate from: 6.50%
Tenure: 2 - 6 years
Loan Amount: RM5,000 - RM100,000
Minimum Income: RM3,500
Processing Fee: Nil
Employment: Salaried (public & private sector)
Approval time: NA
Additional info: Malaysia citizen & PR

Public Bank BAE Personal Financing-i

Interest rate from: 4.88%
Tenure: 2 - 10 years
Loan Amount: RM5,000 - RM150,000
Minimum Income: RM1,500
Processing Fee: Nil
Employment: Salaried (public & GLC), Government staff only
Approval time: NA
Additional info: Malaysia citizen only

RHB Personal Financing-i for Civil Sector

Interest rate from: 4.50%
Tenure: 2 - 10 years
Loan Amount: RM2,000-RM200,000
Minimum Income: RM2,000
Processing Fee: Nil
Employment: Salaried (public & GLC) or Self-employed
Approval time: NA
Additional info: Malaysia citizen only

RHB Easy Pinjaman Ekspres

Interest rate from: 8.31%
Tenure: 1 - 5 years
Loan Amount: RM2,000 - RM150,000
Minimum Income: RM2,000
Processing Fee: Nil
Employment: Salaried / Commission Earner (private or GLC) / Self-employed
Approval time: NA
Additional info: Malaysia citizen only

RHB Personal Financing

Interest rate from: 8.18%
Tenure: 1 - 7 years
Loan Amount: RM2,000 - RM150,000
Minimum Income: RM2,000
Processing Fee: Nil
Employment: Salaried (private) or Self-employed
Approval time: NA
Additional info: Malaysia citizen only

Standard Chartered CashOne

Interest rate from: 5.5%
Tenure: 1 - 7 years
Loan Amount: RM5,000 - RM250,000
Minimum Income: RM5,000
Processing Fee: Nil
Employment: Salaried (public & private sector) or Self-employed
Approval time: NA
Additional info: Malaysian citizen & PR

UOB Personal Loan

Interest rate from: 9.96%
Tenure: 1 - 5 years
Loan Amount: RM5,000 - RM100,000
Minimum Income: RM2,000
Processing Fee: Nil
Employment: Salaried or Self-employed
Approval time: NA
Additional info: Malaysian citizen & PR


Related: 

Best SME Business Loans in Malaysia 2022

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