Financing you better live.

Up to 20x your income

Type of Loans

Personal-Loan_2

Personal Loan

A personal loan might be right for you if you want to fund a big expense or if you want to consolidate debt. Personal loans may come with lower interest rates than credit cards, so funding a big expense or project with a personal loan could save you thousands of dollars on interest payments. This is a loan scheme which provides loans to individual with a source of income. It comes with a monthly repayment plan to meet your personal needs. A personal loan can also be defined as a short term loan and it may be the answer to your short-term cash needs. This is because a personal loan normally has a repayment period that is shorter than other types of loan such as housing loan or a mortgage. We’ve got customized personal loan to meet your need with no hidden cost for consultation fee.

Hawker_Center

Business Loan

Take your business further with the right business loan. We offer flexible loan tenures and high financing margins. We are here to help people with their financing needs, whether they are small business or corporate group. To be truly effective as a money lender advisor, we believe it is important to offer a wide range of services and solutions. Our offerings provide funds for running your business, such as for purchasing of stock, managing overheads and other business activities, to fulfil your working capital needs.

 

 

Personal Loan

Features and Benefits

No hidden fee

No guarantor required

We do not require any ATM card

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1 day Approval

Business Loan

Who Can Apply:

Firms / Companies registered with respective Professional Bodies like SSM

Eligibility

For Malaysian aged 18 & above with a minimum income of RMX per month

Required Documents

  • Application form together with:
    • Copy of NRIC (both sides)
    • Latest 1 month salary slip
    • Latest 3 months’ savings account activity/current account statements (optional)
  • If you are self-employed:
    • Copy of NRIC (both sides)
    • Copy of Business Registration
    • Latest 6 months’ Bank Statements

Fees & Charges

  • No Fee will be incurred, e.g. processing fee, stamping fee, lawyer fee & so on.
  • Late payment Charges: Yes
  • Early settlement fees: Discount will be given

Where to file complaint if you encounter scammer?

Website: https://aduan.kpkt.gov.my/ Hotline KPKT: 03-8891 5428
Website: http://www.pacsu.com.my/ Hotline: 03-2266 2222 (open 24 hours)
 WeScammer
LicenseLicense issued by Ministry of Housing and Local Government In Malay is KPKT (Kementerian Perumahan Dan Kerajaan Tempatan)Most of the scammer don’t have a license. They might steal other license to use if they have one.
officeYesNo
Meet upClient can choose to meet up in the company’s office, or at the any designated place decide by clientDon’t dare to meet you. Afraid that you will recognize them.
Various fees

Application fee / Registration fee/ Lawyer fee / Admin fee
Definitely no fee that you need to payYes, scammer will give you any reason to get money from you.
Application documentsThe basic information must be met before the company will allow your loan application to pass.Regardless whether you are eligible to apply or not, scammer will say that they can grant you a large loan amount so that you will fall into the trap.
interestWill solve your financial difficulty at a reasonable rateThey will even tell you there is no interest at all.
Application processLoan will only approved upon both parties agreed to proceed.Any excuses will be used for client to you to pay them. In many cases, they will shirk their responsibility to the employees. They have fired the employees who cheated on your money, and they have called the police.
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Since we have bank in Malaysia, why there is licensed moneylender?

Unlike commercial banks, licensed moneylenders offer loans out of their own capital at a rate capped by the Moneylenders Act 1951. Section 29B of the Act also makes it a punishable offence for a licensed moneylender to resort to harass or intimidate borrowers, as most people can recall about cases of loansharks violent methods that make news headlines. Most borrowers turn to licensed moneylenders because they offer greater flexibility in financing terms and faster fund disbursements while still regulated by the authorities under the Moneylenders Act 1951 and its subsequent amendments in 2003 and 2011. This sets moneylenders apart from loan sharking, which involves the illegal activity of offering loans at extremely high interest rates and even resorting to blackmailing or threats of violence when borrowers default.

Who issued the license for moneylender?

Bank Negara Malaysia (BNM) does not issue any moneylending licences.

Picture 1: fake license

Picture 2: real license

How do banks and licensed loan companies make money?

Commercial BankLicensed Moneylender
Loan RM100 (capital) but require deposit of RM500 from the clientLoan RM100 (capital)
For commercial banks, they earn interest from their own capital (RM100) and also from loans extended using the borrower’s deposits (RM500)Earns interest from its own capital (RM100) only
In the event of a default, shareholders of the bank are protected from losses as the bank still maintains capital (RM100) with the deposit RM400 (less RM100 borrowed)In the event of a default, the moneylender loses 100 percent of its capital (RM100), a risk that such institutions bear and are bound by legal guidelines.

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