Compare personal loan rates in Malaysia.
21 live personal loans offers tracked across 15 Malaysian providers, with APRs from 0.58%. Data current as of 23 October 2026 and updated daily from the Giraffy database.
21 live offers compared from 15 providers, from 0.58% APR. Updated daily.
0.58% APR
Malaysia's leading personal loan comparison platform — compare 20+ banks in minutes.
0.58% APR
Standard Chartered's CashOne with rate as low as 6.99% p.a. for qualified borrowers.
0.68% APR
Maybank's personal loan with competitive monthly rates and fast approval.
0.75% APR
CIMB's popular personal loan with fixed monthly rate and instant disbursement.
0.78% APR
Public Bank personal loan with low flat rates for existing customers.
0.80% APR
MBSB Bank's Islamic personal financing with high loan amounts available.
0.83% APR
HSBC personal loan with quick approval and competitive rates.
0.83% APR
Hong Leong Bank personal loan with flexible repayment options.
0.88% APR
RHB Islamic personal financing with competitive profit rates.
0.88% APR
Alliance Bank's CashFirst loan with simple documentation and quick disbursement.
0.90% APR
AmBank Islamic personal financing with competitive profit rates.
0.93% APR
Bank Islam's personal financing-i with structured repayment plan.
0.95% APR
Affin Islamic personal financing based on Tawarruq contract.
0.99% APR
Malaysia's largest cooperative bank Islamic personal financing — salary deduction available.
3.80% APR
4.25% APR
4.25% APR
4.59% APR
4.99% APR
RM160 /month
RM160 /month
A personal loan is an unsecured loan you can use for almost any purpose, such as debt consolidation, home renovation, medical bills, education or a large purchase. You borrow a lump sum and repay it in fixed monthly instalments over an agreed term. Malaysian personal financing comes in conventional and Shariah-compliant (personal financing-i) forms, and because it is unsecured it usually carries higher rates than a secured loan like a mortgage.
Personal loans in Malaysia are offered by commercial banks, Islamic banks and cooperatives, with pricing typically quoted as a flat rate that converts to a higher effective rate. Rates depend heavily on your income, employment type and credit standing recorded in CCRIS and CTOS. Government-linked and cooperative lenders often serve civil servants with salary-deduction schemes, while Islamic personal financing-i uses Tawarruq or similar structures instead of interest. Terms usually run up to a few years.
Flexible use — Funds can go toward almost any legitimate purpose, from consolidating debt to funding a wedding or renovation.
Fixed instalments — Flat-rate structures give predictable monthly repayments for easy budgeting.
No collateral — As unsecured lending, you do not need to pledge property or assets.
Islamic financing-i — Shariah-compliant personal financing offers an interest-free alternative structure.
Compare the effective interest rate, not just the flat rate, along with any processing fee, stamp duty and early-settlement terms. Check the maximum tenure and loan amount you qualify for against your debt service ratio. Consider whether a conventional or Islamic product suits you, whether salary deduction is available, and how quickly funds disburse. Borrow only what you need, as longer tenures raise total interest paid.
Maybank, CIMB, Public Bank, Hong Leong Bank and RHB Bank are major conventional personal-loan providers. Bank Islam offers Shariah-compliant personal financing-i, and MBSB Bank and Bank Rakyat are prominent for personal financing, particularly through salary-deduction schemes serving civil servants and cooperative members. Each targets different borrower profiles, so compare eligibility and effective rates across a few before committing.
Flat rates commonly range from under 1% up to around 5% per year depending on the lender and your profile, which translates to a higher effective annual rate. The brief's spread from roughly 0.58% to 4.99% reflects this flat-rate range. On top of interest, expect a processing fee and stamp duty on the loan agreement. Early settlement may attract a rebate under the Rule of 78 but rarely refunds all remaining interest.
Bank and Islamic-bank personal loans are licensed and supervised by Bank Negara Malaysia (BNM), which enforces responsible-lending guidelines including debt service ratio checks. Cooperative lending falls under the Malaysia Co-operative Societies Commission (SKM). Product disclosure sheets are mandatory, and disputes can be escalated to the Ombudsman for Financial Services. Avoid unlicensed moneylenders, who fall outside these protections.
How is a flat rate different from the real cost? A flat rate charges interest on the full original sum for the whole term, so the effective annual rate is meaningfully higher; ask for the effective rate.
What affects my approval and rate? Your income, employment type and credit record in CCRIS and CTOS, plus your existing debt service ratio, determine eligibility and pricing.
Can I settle early? Yes, and you may receive a rebate calculated under the Rule of 78, though it refunds less the later you settle.
Giraffy tracks 21 personal loan products across 15 lenders in Malaysia. Compare by APR or representative rate — this includes all standard fees, making it the fairest comparison metric.
Lenders set your individual rate based on credit score, income, existing debts, employment status, and loan amount. The representative rate shown on adverts is offered to at least 51% of successful applicants — your actual rate may be higher. Use eligibility checkers that run a soft search (no credit score impact) to see likely rates before applying.
Personal loan amounts vary by lender and market. Unsecured products are typically available from a few hundred to tens of thousands in local currency, without requiring collateral. Secured products can go higher but put an asset at risk if you miss payments.
An unsecured personal loan is based purely on your creditworthiness — no collateral required. A secured product is backed by an asset (usually your home), so you can often borrow more and at a lower rate, but the asset is at risk if you miss payments. Most personal loan products are unsecured.
Most lenders allow early repayment, but may charge an early repayment or settlement fee — typically 1–2 months' interest on the outstanding balance. Check the terms before signing. If you're likely to pay off early, factor this cost into your total repayment calculation.
Many lenders in Malaysia offer same-day or next-day funding once your application is approved and documents verified. Online-only lenders tend to be faster than traditional banks. Larger loans or complex applications may take a few extra working days.
APR (Annual Percentage Rate) includes both the interest rate and any mandatory fees, expressed as an annual percentage of the loan. It's the only standardised metric that allows true like-for-like comparison across lenders. Always compare APRs rather than headline interest rates when shopping.