Top 4 Banks to Get Fast Approval Personal Loans in Malaysia

Top 4 Banks to Get Fast Approval Personal Loans in Malaysia

 

If you’re looking for a personal loan, whether it’s to pay for unexpected expenses, finance your studies or consolidate your debt, it’s likely that you don’t want to wait weeks just to get funded.

There are a number of banks in Malaysia who offer personal loans with fast approval regardless of what your needs may be. Some providers can approve and provide loans on the same day you apply with the right documentation in hand.

Hang back and let the Bear take you through the top four banks which offer these loans, as well as the eligibility and requirements you need to know before you apply.

At a quick glance:

 

Name Approval Time Interest Rate (p.a.) Max. Loan Amount Loan Term Fees and Charges Processing Fee Late Penalty Fee
Citibank In-Principle Approval Minutes 7.9% to 12.5%  RM120,000 for new bank customers, RM150,000 for existing Citibank customers Flexible loan term None None 1% from current outstanding balance 
Alliance Bank CashVantage Personal Financing-i 48 hours 3.99% to 14.78% RM150,000 7 years None None 1% from current outstanding balance 
RHB Easy-Pinjaman Ekspres 10 minutes 8.18% to 14.52% RM150,000 5 years None None 1% from current outstanding balance 
Hong Leong Mach IOU Personal Loan 1 hour 7% to 13.5% RM250,000 5 years None None 1% from current outstanding balance 

 

Citibank Personal Loan

Apply for a fast personal loan that lets you skip the hassles of queuing or filling out lengthy application forms with Citibank’s In Principle Approval method.

Five simple steps is all it takes. After you fill in your contact details, personal details, employment details (that’s already three steps), Citibank’s In Principle Approval will kick in and you’ll proceed to choose your loan term and upload your documents for assessment.

On top of it all, there are no processing fees, guarantor or collateral required. Enjoy a loan up to RM120,000 for new bank applicants and RM150,000 for existing Citibank members.

Why we love it:
• Quick and easy application via In Principle Approval
• Flexible repayment terms of up to 5 years
• Loan amount reaches RM125,000 for new customers and RM150,000 for existing customers


RHB Easy-Pinjaman Ekspres

When you really really need a quick source of fund, RHB Easy-Pinjaman Ekspres provides on-the-spot approval. The RHB Easy Pinjaman Ekspres offers a fixed interest rate of 8.8% - 14.52% p.a. with a repayment method of up to 5 years (60 months).

You can immediately borrow funds between RM2,000 to RM150,000 and choose your loan repayment terms from one to five years. Enjoy easy financing with no hidden fees and charges with RHB Easy.

Why we love it:
• Low income requirement of RM1,500 monthly
• Flexible repayment terms of up to 5 years
• Loan amount available starts from RM2,000 to RM150,000
 

Alliance Bank CashVantage Personal Financing-i

Alliance Bank CashVantage Financing-i is an unsecured loan product, which means you can borrow a loan without an asset. You can apply for CashVantage Personal Financing to pay for your financial needs as long as it follows the Shariah principles.

Alliance Bank provides a flat profit rate and flexible repayment terms. In addition, the maximum amount you can borrow is RM150,000 and seven years to repay it.

Why we love it:
• Flexible repayment terms up to 7 years
• Unsecured Islamic Financing
• Loanable amount: RM5,000 to RM150,000


Hong Leong Mach I.O.U. Personal Loan

This loan will appeal to those looking for a higher loanable amount; the maximum borrowing amount is up to RM250,000 and a repayment term of up to 5 years. And when you really need it, you can get your cash within 60 minutes of loan processing.

The Hong Leong Mach IOU Personal Loan offers an interest rate of 7% p.a. to 13.5% p.a. depending on the amount you are borrowing and the loan tenure.

Why we love it:
• 1-Hour fast approval loan process
• 20% cashback on timely payments (terms and conditions apply)
• Loanable amount: RM5,000 to RM250,000

Not the fast approval personal loan you’re looking for? Head down to GoBear Malaysia personal loan comparison tool to find the one that best suits your needs!

 

Compare personal loans at GoBear Malaysia

 

#FollowTheBear

Facebook

Instagram

Twitter