You can get personal loans in Malaysia if you are a Malaysian, typically between 21 and 60 years old.
To qualify for a personal loan/finance you need to be:
- A Malaysian or a Malaysian permanent resident.
- Aged between 21–65.
Also, you will need to earn at least
- RM9,600 per year if you are a Malaysian.
- RM24,000 per year if you are Permanent Resident in Malaysia.
Some institutions also allow foreigners from certain countries to apply for bank personal loans. An applicant also needs to file documents that prove his residence and identity, or government-issued IDs and clearances.
In addition, proof of employment and income are needed, these details determine the maximum amount of money you can borrow. Banks also want their personal loan clients to have landline phones at home or in the office.