Best Personal Loans in Malaysia — October 2026
By money.com.my EditorialRates, maximum loan amount, tenure and minimum income checked against the banks' own pages for 9 of 12 loans, last on 28 October 2026Top 12 from 12 products reviewed
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Personal loans in Malaysia are unsecured — no collateral required. The lowest published rates are for government and selected GLC staff (MBSB as low as 3.06% flat p.a. over 3 years on its Mumtaz-i package for permanent public-sector and selected GLC staff, RHB as low as 2.63% flat in a campaign to 31 December 2026); private-sector borrowers pay more, and the effective rate is what you actually pay (RHB's private-sector tiers run from 14.00% to 20.00% p.a. effective, by amount). The right loan depends on your income, employment status (employed, self-employed, or civil servant), and required repayment tenure. We list featured picks first, then loans by our editorial rating (not by rate), so compare the effective rate for your own profile and tenure on each lender's page.
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 4.60% p.a. | — | RM 1,500/mo | Muslim civil servants who want Islamic financing from 4.6% flat with ibra' rebate on early settlement | Details |
| 2 | 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 |
| 3 | 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 | |
| 4 |  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 |
| 5 |  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 |
| 6 |  RHB Bank RHB Personal Financing-i | From 7.62% p.a. | — | RM 3,000/mo | Private-sector employees (flat rate equivalent from 7.62%, up to RM150,000). Government and selected GLC employees can get a lower rate (from 2.63%) and up to RM300,000; government pensioners from 3.80% | Details |
| 7 | RHB Bank RHB Personal Loan | From 7.62% p.a. | — | — | Private-sector employees aged 21 to 55 who want to borrow up to RM150,000 over up to 7 years | Details |
| 8 |  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 |
| 9 |  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 |
| 10 |  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 |
| 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 |  MBSB Bank MBSB Personal Financing-i | Depends on your profile | — | — | Public-sector, GLC and private-sector employees who want Islamic personal financing and will check the package that fits them on MBSB's own page | Details |
Rates, maximum loan amount, tenure and minimum income: checked against the bank's own product page for 9 of these 12 products, between 7 Oct 2026 and 28 Oct 2026. The other 3 have no such check in our data, so confirm their figures on the bank's page. Rates and terms can change without notice; confirm with the bank before you apply.
Our top 10 picks
How we ranked these: featured picks first, then our editorial rating, not ranked by interest rate — 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?+
MBSB publishes rates as low as 3.06% flat p.a. over 3 years (its Mumtaz-i package for permanent public-sector and selected GLC staff; read 27 October 2026), and RHB as low as 2.63% flat for government and selected GLC employees (a campaign rate to 31 December 2026). Private-sector borrowers pay more: RHB's private-sector tiers run from 14.00% to 20.00% p.a. effective by amount (RHB's own page, read 27 October 2026), and MBSB's Private Sector-i is as low as 11.60% p.a. effective. Compare the effective rate, not the flat rate, across lenders.
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?+
It depends on the bank, on whether you already bank with it, and on how quickly your documents are complete. We have not checked each bank's approval time, so ask the bank before you apply if timing matters.
Rates, maximum loan amount, tenure and minimum income: checked against the bank's own product page for 9 of these 12 products, between 7 Oct 2026 and 28 Oct 2026. The other 3 have no such check in our data, so confirm their figures on the bank's page. Rates and terms can change without notice; confirm with the bank before you apply.