Best Personal Loans in Malaysia — August 2026
By money.com.my EditorialLast updated: 13 April 2026Top 15 from 15 products reviewed
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Personal loans in Malaysia are unsecured — no collateral required. Interest rates range from 3.5% to 18% p.a. flat, which translates to roughly 6%–22% in effective rate terms. The right loan depends on your income, employment status (employed, self-employed, or civil servant), and required repayment tenure. We ranked available loans by effective cost over a 5-year tenure for a borrower earning RM5,000 per month.
How personal loan rates and approval work →New to personal loans? Our guide explains flat vs effective rates, how banks decide your rate and approval, DSR, and when a loan is the wrong move.Quick comparison
| # | Product | Key Rate | Annual Fee | Min Income | Best For | |
|---|---|---|---|---|---|---|
| 1 |  BSN (Bank Simpanan Nasional) BSN Personal Financing-i | From 4.50% p.a. | — | RM 1,000/mo | Muslim civil servants wanting the lowest Islamic financing rates in the market with ibra' rebate on early settlement | Details |
| 2 | BSN (Bank Simpanan Nasional) BSN Personal Loan | From 4.50% p.a. | — | RM 1,000/mo | Government servants and civil service employees seeking the lowest flat rates in the market | Details |
| 3 |  MBSB Bank MBSB Personal Financing-i | From 5.00% p.a. | — | RM 1,200/mo | Civil servants and GLC employees seeking Shariah-compliant financing with a high loan ceiling up to RM250,000 | Details |
| 4 |  Public Bank Public Bank Personal Loan | From 5.60% p.a. | — | RM 3,000/mo | Established Public Bank customers with a clean CCRIS record who want a high loan ceiling at a competitive flat rate | Details |
| 5 |  Maybank Maybank Personal Loan | From 6.00% p.a. | — | RM 2,000/mo | Salaried employees who bank with Maybank and want a quick digital personal loan with no processing fee | Details |
| 6 | From 6.00% p.a. | — | RM 2,000/mo | Muslim salaried employees wanting Islamic personal financing with Maybank's digital convenience and no processing fee | Details | |
| 7 |  CIMB Bank CIMB Personal Cash Loan | From 6.00% p.a. | — | RM 2,000/mo | CIMB account holders who need fast same-day approval and flexibility on loan size down to RM2,000 | Details |
| 8 | CIMB Bank CIMB Personal Financing-i | From 6.00% p.a. | — | RM 2,000/mo | Muslim borrowers who want CIMB's fast approval and low RM2,000 minimum loan with a Shariah-compliant structure and no early settlement penalty | Details |
| 9 |  RHB Bank RHB Personal Loan | From 6.50% p.a. | — | RM 2,000/mo | Private sector employees wanting a competitive personal loan with a high ceiling and straightforward online application | Details |
| 10 | RHB Bank RHB Personal Financing-i | From 6.50% p.a. | — | RM 2,000/mo | Muslim private sector employees wanting competitive Islamic financing with ibra' rebate on early settlement and a high RM150k ceiling | Details |
| 11 |  Standard Chartered Malaysia Standard Chartered CashOne Personal Loan | From 6.49% p.a. | — | RM 2,000/mo | Digitally-inclined professionals who want same-day disbursement and no processing fee or early settlement penalty | Details |
| 12 |  HSBC Malaysia HSBC Amanah Personal Financing-i | From 5.99% p.a. | — | RM 3,000/mo | Muslim professionals earning RM3,000+ who want Shariah-compliant financing from an international bank with full digital application capability | Details |
| 13 |  Hong Leong Bank Hong Leong Personal Loan | From 7.00% p.a. | — | RM 2,500/mo | HLB account holders needing a mid-to-large personal loan with no processing fee and a straightforward application | Details |
| 14 |  Alliance Bank Alliance Bank Personal Loan | From 6.50% p.a. | — | RM 2,000/mo | Private sector employees and self-employed borrowers who want a straightforward personal loan from a Tier 2 bank with lower credit scrutiny than the Big-4 | Details |
| 15 |  AmBank AmBank Personal Loan | From 6.50% p.a. | — | RM 2,000/mo | Private sector employees with a mid-range income profile who want a straightforward personal loan with broad AmBank branch coverage | Details |
Rates are verified against each provider's official source — open any product for its verification date. Always confirm directly with the bank before applying.
Our top 10 picks
How we ranked these: effective annual interest rate, maximum tenure, minimum income requirement — from 15 products reviewed.
See all 15 cards in the full comparison table above, or browse the complete catalogue →Frequently asked questions
What is a good personal loan interest rate in Malaysia?+
Civil servant loans via MBSB or BIMB can be as low as 3.5%–5% flat p.a. Private sector employees typically see 6%–12% flat p.a. (roughly 12%–18% effective). Rates above 18% effective should be carefully compared against alternatives.
What is the maximum personal loan amount in Malaysia?+
Most banks cap personal loans at RM200,000–RM300,000, subject to a maximum of 10× your monthly gross income. Some digital banks offer smaller loans up to RM30,000.
Can I get a personal loan if I am self-employed?+
Yes, but fewer banks offer self-employed personal loans. They typically require 2 years of income statements and bank statements, and rates may be higher than for salaried employees.
How fast can a personal loan be approved in Malaysia?+
Digital banks approve in 1 business day for existing customers. Traditional banks typically take 3–7 business days after document submission.
Rates and product details verified as of 13 April 2026. Product availability and rates are subject to change — always check with the provider before applying. All data sourced from official bank websites and Bank Negara Malaysia.