Best Personal Loan Rates in Malaysia 2026
Compare personal loan and personal financing-i rates from 12 banks. Filter by sector, loan amount and tenure. Calculate your monthly repayment instantly.
🧮 Monthly Repayment Calculator
- ✓Lowest flat rate 3.65% p.a.
- ✓For government & GLC employees
- ✓Salary deduction via Biro Angkasa
- ✓Up to RM200,000 loan amount
- ✓Government employees only
- ✓Shariah-compliant
- ✓Min income only RM1,500/month
- ✓Up to 10-year tenure
- ✓Shariah-compliant (Tawarruq)
- ✓Min income only RM2,000/month
- ✓Instant online approval
- ✓No processing fee
- ✓Shariah-compliant (Tawarruq)
- ✓Up to 7-year tenure
- ✓No processing fee
- ✓Fast 1-day approval
- ✓Fixed monthly repayment
- ✓Open to private sector
- ✓Fixed interest rate
- ✓Available at all Public Bank branches
- ✓Existing customers get priority
- ✓Low starting amount RM3,000
- ✓Quick approval process
- ✓Apply at any AmBank branch
- ✓No processing fee
- ✓Apply online via HLB Connect
- ✓Fixed monthly installment
- ✓Zero early settlement fee
- ✓Up to 7-year tenure
- ✓No processing fee
- ✓Highest loan limit RM250,000
- ✓Instant approval for existing SC customers
- ✓No processing fee
- ✓Fully digital, 100% online
- ✓No documents required (MyKad only)
- ✓Instant approval in minutes
Personal Loan Malaysia — FAQ
What is the lowest personal loan interest rate in Malaysia?
Bank Rakyat offers the lowest flat rate at 3.65% p.a. (EIR 6.82%) for government servants. For private sector employees, CIMB Cash Plus starts from 5.88% p.a. flat (EIR 10.76%).
What is the difference between flat rate and effective interest rate (EIR)?
The flat rate is calculated on the original loan amount throughout the tenure. The EIR (Effective Interest Rate) reflects the true cost of borrowing as the outstanding balance reduces monthly. EIR is always higher than flat rate. Use EIR to compare loans fairly.
What documents do I need for a personal loan in Malaysia?
Typically: MyKad (IC), last 3 months salary slips, last 3 months bank statements, and the latest EPF statement (EA form). Government servants may need the latest payslip showing Biro Angkasa deductions.
Can I get a personal loan with RM2,000 salary?
Yes. CIMB Cash Plus, Bank Islam Personal Financing-i, and Alliance CashFirst accept applicants earning from RM2,000/month. GXBank accepts as low as RM1,500/month for their digital loan.
What is the maximum personal loan amount in Malaysia?
Standard Chartered CashOne offers up to RM250,000. Most banks cap at RM100,000–RM150,000. Loan amounts are also subject to a debt service ratio (DSR) limit — typically your total monthly commitments cannot exceed 60% of gross income.
Is personal financing-i (Islamic) the same as a personal loan?
Functionally yes — you receive a lump sum and repay in monthly instalments. The key difference is Islamic financing uses Shariah-compliant concepts (Tawarruq or Murabahah) instead of interest. There is no riba (interest) involved. Profit rates are comparable to conventional loan rates.
Personal Loan Guide — Malaysia 2026
Government vs Private Sector Loans
Government servants (kakitangan kerajaan) enjoy significantly lower interest rates — as low as 3.65% flat — because salary deductions via Biro Angkasa eliminate default risk for banks. Private sector employees typically pay 5.88%–9.99% flat rate.
Islamic Personal Financing-i
Personal Financing-i uses the Tawarruq (commodity murabahah) structure — you receive cash without paying interest (riba). Instead, a profit rate is charged. Profit rates are similar to conventional rates. Bank Rakyat, Bank Islam, RHB, and MBSB offer fully Shariah-compliant personal financing.
How is my loan rate determined?
Banks assess your CCRIS/CTOS credit report, income, existing debt commitments, and employer type. A clean credit history and stable income get you the best rates. Government servants and professionals (doctors, engineers, lawyers) often get preferential rates.
Debt Service Ratio (DSR)
DSR is your total monthly loan commitments divided by gross income. Bank Negara Malaysia guidelines recommend DSR not exceed 60%. If your DSR is already 50%, you may only qualify for a small additional loan. Use our calculator below to check affordability.