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Looking the right product to boost your Raya budget?
Here are your options :

RHB Easy-Pinjaman Ekspres Get your loan approved on-the-spot at any branches nationwide. Simply bring along your MyKad and claim the cash!
  • Profit Rate From (p.a.)

    8.18%

  • Financing
    Amount

    Up to
    RM150,000

  • Financing
    Tenure

    1 - 5
    years

  • Min. Monthly Income

    RM1,500

Al Rajhi Bank Personal Financing-i Best full-fledged Islamic Personal Financing offering an attractive rates in the market
  • Profit Rate From (p.a.)

    6.99%

  • Financing
    Amount

    Up to
    RM150,000

  • Financing
    Tenure

    2 - 8
    years

  • Min. Monthly Income

    RM4,500

Mach I.O.U Personal Loan Receive 20% CashBack Reward on interest to enjoy more savings. Just pay your loan on time!
  • Interest Rate From (p.a.)

    7.20%

  • Loan
    Amount

    Up to
    RM250,000

  • Loan
    Tenure

    2 - 7
    years

  • Min. Monthly Income

    RM3,000

Citibank Personal Loan Loan up to 8x of your gross monthly salary that allows you to leap into what you want
  • Interest Rate From (p.a.)

    7.90%

  • Loan
    Amount

    Up to
    RM150,000

  • Loan
    Tenure

    2 - 5
    years

  • Min. Monthly Income

    RM4,000

Alliance Islamic Bank CashVantage Personal Financing-i Consolidate up to 4 credit cards commitments into ONE monthly instalment and reduce your interest payments by over 50%
  • Profit Rate From (p.a.)

    8.38%

  • Financing
    Amount

    Up to
    RM150,000

  • Financing
    Tenure

    1 - 7
    years

  • Min. Monthly Income

    RM3,000

HSBC Amanah Personal Financing-i Hassle free Islamic Personal Financing with no guarantor, no collatoral and fast approval.
  • Profit Rate From (p.a.)

    8.75%

  • Financing
    Amount

    Up to
    RM150,000

  • Financing
    Tenure

    2 - 7
    years

  • Min. Monthly Income

    RM5,000

HSBC Amanah MPower Platinum Get up to 8% cashback everyday on your petrol and groceries spending!
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    0%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM3,000

Citi Simplicity+ Credit Card Earn 10% interest back every month for on-time payments
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    2.99%

  • Annual Fee

    Free

  • Min. Monthly Income

    RM2,000

Citi Cash Back Card Earn up to 5% cashback on all retail spending, and get purchase protection with coverage of up to RM30,000 for 30 days!
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    2.99%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM3,000

HSBC Visa Platinum Earn up to 8x Reward Points from retail spending at over 20 shopping malls and departmental stores nationwide
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    0%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM3,000

Citi Shell-Citi Credit Card Enjoy up to 8% cashback when you fill up at all Shell petrol stations nationwide, and receive a free Condotti Luggage bag when you do a Balance Transfer to this card!
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    2.99%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM2,000

Citi AirAsia-Citi Gold Visa Card Get up to 2x AirAsia Points for every RM1 from your credit card usage, and get AirAsia priority booking and early notifications on promotions!
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    2.99%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM2,000

HSBC Visa Signature Card Earn up to 10x Reward Points from hotel, dining, and shopping spending
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    0%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM8,333

Citi PremierMiles Visa Card Earn up to 2 PremierMile for every RM3 spent and redeem complimentary flights from over 90 airlines!
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    2.99%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM8,333

Citi Rewards Card When you spend at any major supermarkets and department stores, receive 5X Rewards points when you shop for everyday purchases, or when you travel - all year round!
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    2.99%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM8,333

Citi Clear Credit Card Enjoy 1 for 1 movie ticket every Friday at GSC or TGV. Need more? Get 1 for 1 drinks every Monday to Friday at The Coffee Bean and Tea Leaf.
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    2.99%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM2,000

Citi AirAsia-Citi Platinum Visa Card Earn up to 3x AirAsia Points from all your retail spending, and receive priority booking and early notification on all of AirAsia promotions!
  • Interest Rate (p.a.)

    15%

  • Balance Transfer (p.a)

    2.99%

  • Annual Fee

    Free*

  • Min. Monthly Income

    RM3,000

Fastest approval

- RHB Easy Pinjaman Ekspres offers on-the-spot loan approval.

- Citibank Personal Loan approval process takes only 30 minutes.

Cheapest loan

- HSBC Amanah Personal Financing-i and Al Rajhi Bank Personal Financing-i offer the lowest interest rate at 6.99% p.a.

Easiest to get approval

- RHB Easy Pinjaman Ekspres has the lowest income requirement at RM1,500/month.

Highest loan amount/Lowest loan repayment

- Mach I.O.U Personal Loan offers up to 12x of your gross income.

- Al Rajhi Bank Personal Financing-i allows you to stretch your loan up to 8 years.

Shopping

- 8x Reward Points for every RM1 spent at participating outlets at Mid Valley Megamall and The Gardens Mall.

- 5x Reward Points for every RM1 spent at other participating malls and departmental stores.

Petrol

- Up to 8% cashback everyday at Shell, Caltex, Petronas and BHP.

- 1 Reward Point for every RM1 spent.

Dining

- 8x Reward Points for every RM1 spent on dining overseas.

- 5x Reward Points for every RM1 spent on dining locally.

Travel

- Convert 3,000 reward points into 1,000 air miles.

What our customers say about us

  • What are the differences between credit card and personal loan?

    A credit card is a pre-approved line of credit that allows you to borrow money any time, up to your credit limit. On the other hand, a personal loan is an unsecured fixed loan which you need to repay in equal instalments every month for a predetermined period of time.


    With a credit card, if you are unable to clear your balance, it will snowball every month and you may find it difficult to clear your debt. However, with a personal loan, you know how long it will take to repay your debts, and you can’t incur more debts, unless you apply for a new loan.


  • Credit card or personal loan: Which is a better option?

    When in need of cash, the first two financial products that most people would turn to are credit card and personal loan. However, both products are not synonymous and each has different pros and cons.

    Credit cards are perfect for short-term expenses that you can pay off quickly, while personal loans are best used for long-term expenses, such as the purchase of big ticket item or consolidating your debts.

  • The definition of a Personal Loan

    A personal loan is simply a short-term loan that has a relatively short repayment period in comparison to mortgages. While one can fully offset a mortgage for as long as 20, 30 or 50 years you have to fully settle the loan within a set period which should not exceed 10 years. The loan tenure is set depending on the amount loaned.

    Personal loans are quite distinct from home loans because personal loans are unsecured loan. This means that you can get a personal loan without the lender asking for any form of security or asset. Despite requiring no form of security, the client has to ensure that he/she makes timely payment to avoid penalties which might impact negatively on their credit rating.

    What is the difference between Islamic loans and other conventional loans?

    Despite the end goals and results for taking these loans being similar they employ or obey different principles at the time of their acquisition as well as the penalties that defaulters may attract. The Shariah laws normally apply in Islamic loans.

    But the conditions for both of these forms of loan are basically the same, as one is given a fixed amount of money which they are expected to pay at regular intervals, which is inclusive of the specified interest rates until completion of the payment.

    What is the situation like in Malaysia?

    In Malaysia, personal loans are easily accessible, with loan amount from as low as RM 1,000 to more than RM 150,000. The loan amount that one is able to access is determined by the individual needs as well as their ability to repay the loan. The terms offered by the given lender will also influence the decision to be made by the client. In a situation where one needs a loan amount that exceeds what is being offered by the lender, one has the alternative of taking a secured loan.

    If you choose a bank to be the lender, you have to follow the necessary procedure which could involve a loan agreement that includes details such as the amount borrowed, the interest rate being charged and the amount that is to be paid on a monthly basis. The repayment terms will also be included in the loan agreement, such as the monthly payment and how long the loan payment period will be. It is a given fact that longer repayment periods will attract higher cumulative amounts for the payment of the loan. This means higher cost of borrowing.

    The types of loan offered could either be secured or unsecured loans. The personal loans that most opt for in Malaysia are the unsecured type.

    Unsecured Vs. Secured Loans

    A secured loan:

    This is basically a loan in which the borrowers offer some of their assets for instance a car to act as a form of security or as a collateral for the loan. This kind of personal loans will typically offer lower rates than unsecured loans. One should be cautious with this option as failure to meet the payment requirements might lead to one losing the asset he/she pledged as a collateral or security.

    An unsecured loan:

    Applying for an unsecure loan might turn out to be tedious as it does not require any security or collateral. The financial and credit worthiness of an individual will be great determinants of whether the loan will be awarded to them or not. These are measures that are meant to ensure or guarantee payment of a specified loan.

    In case a borrower defaults or is unable to complete the payment he/she could be taken to court after which the sale of ones property could be the only way to get the required amount but this is indirect and different from the case of secured loans.

    Interest Rates

    As alluded to earlier, the good packages are the ones that are being offered with lower interest rates. This will make the cumulative amount to be paid much lower. The interest rates of personal loans in Malaysia are charged on a flat rate basis. The flat interest rate refers to a type of interest in which the interest is charged on the original amount (also known as the loan principal).

    The possible fees and Penalties

    1. The Early Settlement Penalty;

    SSome banks will charge a penalty fee for paying off the loan earlier than agreed, as they feel that they would not have earned enough interest on the amount loaned. The figure for this is highly variable but at times it could be as high as the interest that could be accrued in three months.

    2. Other Fees;

    It is recommended that you go through the loan agreement to familiarise yourself with the other fees that may be required for a certain loan. These could include the stamp duties, processing fees as well as other one-time charges.

    Eligibility criteria:

    Most of the lenders have tight rules as far as eligibility is concerned. The eligibility terms could range from income to age. At times the applicants may be asked to give the lender proof for the ownership of certain property or any other assets. Your debt liabilities would not be spared either.

    Some of the common personal loan terms

    Collateral:

    This refers to the asset the borrower pledges to a given lender in order to secure a loan and this will be impounded by the lender in case of default in payment of the loan. However, in Malaysia, particularly for Islamic personal loans, collaterals are not required.

    Early settlement penalties:

    The fees that the borrower will have to pay in the event that he/she had settled the loan at an earlier date than the one specified on the loan agreement. This is usually estimated as a percentage of the initial loan amount.

    Guarantor:

    This is a person who agrees to be liable for the payment of a loan in the event that the borrower will not be in a position to pay it in time.

    Late Payment Charges:

    This is the fee that the bank will charge the borrower in the event he/she is not able to pay his/her loan in the agreed time schedule. The borrower has to pay for this additional fee and it is mostly at the rate of 1% per annum.

    Loan/Financing tenure:

    This refers to the repayment period for the loan. At the end of the loan tenure the borrower is supposed to have cleared the loan amount.

    Making use of a loan calculator to determine the best personal loan.

    Personal loans, just like other loans, come in different forms. All the lenders have different packages with various terms. To make a prudent decisions especially in the times that you are short of money, you ought to compare the different rates available in the market. You could best achieve this by making use of the iMoney's online calculator.

    GGetting started is pretty easy, all you have to do is to indicate the loan you prefer and specify the amount and period you want to clear the payment. The online calculator will then make it easy for you by providing suitable loan packages that are available on the market, and it is worth noting that the best rates will feature at the top. If you wish to sign for a personal loan you will then click on the Apply button.

    What is a credit card?

    It is a payment card issued by a financial entity (i.e. the card issuer), which allows a cardholder to purchase goods and services on credit.

    How do credit cards work in Malaysia?

    Credit cards in Malaysia work similarly to personal loans. When you make a payment using one, you are essentially “borrowing” money from the card issuer. By the end of each month, you are expected to repay the amount you’ve “borrowed”. Failure to do so would see you being charged an interest on your unpaid amount.

    In Malaysia, you can hold any number of cards from a maximum of two (2) card issuers if you are a qualified cardholder with an annual income of RM36,000 or less. There are no limitations on the number of cards and card issuers if your annual income is above RM36,000. Do take note that a service tax of RM50 is imposed per principle card per year, while a service tax of RM25 is imposed per supplementary card per year.

    What are the different credit card categories in Malaysia?

    There are various types of credit card, each with differing privileges and features. In Malaysia, these are the major categories of credit card you can consider applying for:

    • • Rewards credit cards: These cards give you reward points for purchases made using the credit card. Reward points are redeemable for gifts, vouchers and other products as indicated in the issuer’s reward catalogue.
    • • Cash back credit cards: These cards give you back a percentage of the amount spent. Each credit card provides different terms and conditions on where and how you can receive cash back on your spending.
    • • Low interest: These cards offer lower interest rates compared to conventional cards.
    • • Travel credit cards: These cards give you mile points for selected purchases. Mile points are redeemable for travel-related privileges, such as air tickets and seats upgrades with participating airlines.
    • • Petrol credit cards: These cards offer petrol-related benefits, such as cash rebates or extra reward points on fuel and spending at petrol kiosks.
    • • Dining credit cards: These cards allow you to enjoy exclusive discounts and promotions from various restaurants when you swipe the card for your dining expenses.
    • • Shopping credit cards: If you like shopping, these credit cards reward you with exclusive offers and various discounts from popular shopping outlets.
    • • Premium: Premium cards offer promotions and privileges that focus on higher-end products and services, such as golfing, fine-dining and exclusive clubs.
    • • Islamic credit cards: These are credit cards, which are compliant to the Islamic law of Shariah.

    YYou will find that the comparison page lets you compare cards and helps you find the best card according to your lifestyle. The credit card details listed include promotions, best cards in Malaysia, and zero annual fee cards. You can even perform an application online in the same seating!

    Credit card interest rates in Malaysia

    Card issuers adopt a tiered system when it comes to interest rates. Generally, you will be charged a higher interest rate should you display a history of inconsistent repayments, and a lower interest rate should you display a history of prompt repayments. In Malaysia, interest rates commonly come in a range of 13.5% – 17.5% p.a. Some card issuers may also have higher or lower interest rates depending on their operating policies.

    Minimum monthly repayments in Malaysia

    In Malaysia, card holders are generally required to make a minimum payment of 5% of the bill (or a minimum of RM50) on a stipulated due date every month. Failure to do so may result in a penalty that is equivalent to 1% of the unpaid amount on your bills (or a minimum of RM10).

    Credit limits in Malaysia

    In Malaysia, card holders with income of RM36,000 or less in a year is restricted to a maximum credit limit of twice of his/her monthly income. For example: If your monthly income is RM2,000, your credit limit would be a maximum of 2 × RM2,000 = RM4,000. Credit limits for those earning above RM36,000 are determined by the card issuers.

    How many cards can you hold in Malaysia

    In Malaysia, those who earn an annual income of RM36,000 or less, will be allowed to hold a maximum of two (2) credit cards. There are no limitations on the number of cards and card issuers if your annual income is above RM36,000. However, a service tax of RM50 will be imposed per principal card per year, while a service tax of RM25 is imposed per supplementary card per year.

    Process and documentations needed for an application

    After you compare the cards on the comparison page, you can apply for one online for FREE using iMoney’s online calculator. The documents needed for an application differ from card issuer to card issuer, but commonly include:

    For employees:
    A copy of your MyKad (both sides), latest three-month payslips + latest three-month bank statements OR latest three-month EPF statements.
    For self-employed:
    A copy of your MyKad (both sides) and latest Borang B/BE with LHDN acknowledgement.