Best Personal Loans in Malaysia — April 2026
By money.com.my EditorialLast updated: 13 April 2026Top 12 from 12 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 Loan | From 4.60% p.a. | — | RM 1,500/mo | Government servants and civil service employees who want flat rates from 4.6% with salary deduction | Details |
| 2 | BSN (Bank Simpanan Nasional) BSN Personal Financing-i | From 4.60% p.a. | — | RM 1,500/mo | Muslim civil servants who want Islamic financing from 4.6% flat with ibra' rebate on early settlement | Details |
| 3 |  MBSB Bank MBSB Personal Financing-i | From 3.06% p.a. | — | RM 3,000/mo | Permanent civil servants and selected GLC staff who want Shariah-compliant financing of up to RM250,000 | Details |
| 4 | From 6.50% p.a. | — | RM 3,500/mo | Muslim salaried employees wanting Islamic personal financing with Maybank's digital convenience and no processing fee | Details | |
| 5 |  Maybank Maybank Personal Loan | From 6.50% p.a. | — | RM 3,500/mo | Salaried employees who bank with Maybank and want a quick digital personal loan with no processing fee | Details |
| 6 |  CIMB Bank CIMB Personal Cash Loan | From 4.38% p.a. | — | RM 2,000/mo | Borrowers who want up to RM100,000 with no processing or early settlement fee | Details |
| 7 |  RHB Bank RHB Personal Financing-i | From 7.62% p.a. | — | RM 3,000/mo | Muslim private sector employees wanting competitive Islamic financing with ibra' rebate on early settlement and a high RM150k ceiling | Details |
| 8 | RHB Bank RHB Personal Loan | From 7.62% p.a. | — | RM 2,000/mo | Private sector employees who want up to RM150,000 with no exit fee for early settlement | Details |
| 9 |  Hong Leong Bank Hong Leong Personal Loan | From 8.50% p.a. | — | RM 2,000/mo | HLB account holders needing a mid-to-large personal loan with no processing fee and a straightforward application | Details |
| 10 |  HSBC Malaysia HSBC Amanah Personal Financing-i | From 3.88% p.a. | — | RM 8,500/mo | Professionals earning RM8,500+ a month who want Shariah-compliant financing from an international bank | Details |
| 11 |  Alliance Bank Alliance Bank Personal Loan | From 4.99% p.a. | — | RM 3,000/mo | Private sector employees and self-employed borrowers who want up to RM200,000 with no processing fee | Details |
| 12 |  AmBank AmBank Personal Loan | From 4.88% p.a. | — | RM 3,000/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 12 products reviewed.
See all 12 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.