5 Personal Loans with Low-Interest Rates in Malaysia

People often need extra funds for various personal expenses such as home renovations, children's education costs, and wedding expenses. In such situations, personal loans can be a viable solution. When it comes to obtaining loans in Malaysia, it is essential to explore low-interest options that can provide financial assistance while minimizing the burden of repayment. CompareHero is here to help you figure out 5 Personal Loans with Low-Interest Rates in Malaysia.

Personal Loan with Low-Interest Rate #1: Alliance Bank Personal Loan

Alliance Bank Personal Loan offer attractive interest rates starting from as low as 4.99% per annum. With loan amounts ranging from RM5,000 to RM200,000, you have flexibility in choosing the loan amount that suits your requirements.

Features of Alliance Bank Personal Loan: 

• Loan amount: RM5,000 to RM200,000
• Monthly interest rate: 4.99% p.a. to 8.70% p.a.
• Loan tenure: 12 to 84 months

Eligibility Criteria to Apply for Alliance Bank Personal Loan:

• Malaysian OR permanent residents working and residing in Malaysia
• Minimum 21 years old at the time of the loan application and 65 years old upon the maturity of the loan
• Minimum monthly gross income of RM3,000 (or RM36,000 p.a.)

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Personal Financing #2: RHB Personal Loan

With interest rates starting from 7.05% per annum, RHB presents an enticing option for financing amounts of up to RM150,000. You can easily manage your finances with RHB Personal Loan flexible repayment options such as salary transfer and auto debit instructions.

Features of RHB Personal Loan:

• Loan amount: RM2,000 to RM150,000
• Monthly interest rate: 7.05% p.a. to 13.83% p.a.
• Loan tenure: 12 to 84 months

Eligibility Criteria to Apply for RHB Personal Loan:

• Malaysian and private-sector employees
• Minimum 21 years old at the time of the loan application and 60 years old upon the maturity of the loan
• Minimum monthly gross income of RM1,500 (or RM18,000 p.a.)

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Personal Loan with Low-Interest Rate #3: Hong Leong Personal Loan

Hong Leong understands the importance of affordable financing, which is why they offer exclusive financing rates starting from 5.5% per annum. Whether you're planning a home renovation project, saving for your child's education, or funding a dream wedding, Hong Leong personal loan can provide the necessary funds.

Features of Hong Leong Personal Loan:

• Loan amount: RM5,000 to RM250,000
• Monthly interest rate: 5.50% p.a. to 7.50% p.a.
• Loan tenure: 24 to 60 months

Eligibility Criteria to Apply for Hong Leong Personal Loan:

• Malaysian and private-sector employees
• Minimum 21 years old at the time of the loan application and 60 years old upon the maturity of the loan
• Minimum monthly gross income of RM2,000 (or RM24,000 p.a.)

Exclusively for online applications and applications via Connect Online Banking only. For applications via Connect Online Banking, the applicant must hold at least 1 valid and active individual Hong Leong Bank Current/Savings Account or /Hong Leong Islamic Bank Current/Savings Account-i (joint and corporate accounts are not eligible).

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EXCLUSIVE PROMOTION  FOR YOU!

If you’re interested to apply for any of the above personal loans, NOW is the perfect time to do so! Apply for any Alliance Bank, RHB Bank, or Hong Leong Bank personal loans via CompareHero from now until 14 July 2023 to claim your exclusive rewards as per the following:

Personal Loan with Low-Interest Rate #4: InstaDuit

InstaDuit is an innovative company that offers personal loans using digital and frontier technology. It is a lending company licensed under the Ministry Of Housing And Local Government. You can apply for a loan starting from as low as RM1,000 to RM10,000 with an interest rate of 12%-18% per annum. 

Features of InstaDuit:

• Loan amount: RM1,000 to RM10,000
• Monthly interest rate: 12.00% p.a. to 18.00% p.a.
• Loan tenure: 6 to 24 months

Eligibility Criteria to Apply for InstaDuit:

• Malaysian residing in Selangor, Kuala Lumpur and Putrajaya 
• Minimum 21 years old at the time of the loan application and 55 years old upon the maturity of the loan
• Minimum monthly gross income of RM1,500 (or RM18,000 p.a.)

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Personal Loan with Low-Interest Rate #5: HSBC Amanah Personal Financing-i (APF-i)

Amanah Personal Financing-i or known as APF-i by HSBC is an unsecured personal financing that’s calculated on a fixed profit rate of 4.88% per annum. You can borrow a minimum of RM60,000 and up to RM250,000 with up to 5 years of payment period. 

Features of HSBC Amanah Personal Financing-i (APF-i):

• Loan amount: RM50,000 to RM250,000
• Monthly interest rate: 4.88% p.aa.
• Loan tenure: 24 to 84 months

Eligibility Criteria to Apply for HSBC Amanah Personal Financing-i (APF-i)

• Malaysian OR permanent residents working and residing in Malaysia
• Minimum 21 years old at the time of the loan application and 60 years old upon the maturity of the loan
• Minimum monthly gross income of RM3,000 (or RM24,000 p.a.)
• Existing-To-Bank (ETB) customers only

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When searching for personal loans with low-interest rates in Malaysia, it's essential to compare different options, consider your financial circumstances, and choose a loan that best suits your requirements. By being well-informed and making responsible decisions, you can effectively manage your finances and achieve your goals.