14 personal loans compared. Enter your loan amount and tenure to see monthly repayments — then filter by type, rate, and bank.
Personal Loan Calculator
Enter your desired loan amount and tenure — results update showing monthly repayments for all banks.
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Typically RM5,000 – RM200,000
1 – 10 years
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For DSR estimate (optional)
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⚠️ Rates are indicative only. Actual rates depend on your credit profile. Verify with your bank.
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📊 Full Rate Table — All Personal Loans
Compare flat rates, effective rates, max loan amounts, and tenures at a glance.
Bank
Product
Type
Flat Rate
Eff. Rate
Max Loan
Max Tenure
Fee
Flat Rate vs Effective Rate: Malaysian personal loans typically quote a flat rate, which calculates interest on the original principal for the entire tenure. The effective rate (true cost) is roughly 1.8× the flat rate. For example, 6% flat ≈ 10.8% effective. Always compare using the effective rate for an accurate picture.
⚠️ Important Disclaimer
Rates shown are indicative figures based on published data as of early 2026. Actual rates offered depend on your credit profile (CCRIS/CTOS score), income, existing debt, and the bank's assessment. Processing fees and stamp duty apply. Always verify current rates and terms directly with your bank.
Compare the effective rate, not flat rate — a 6% flat rate sounds low but equals ~10.8% effective. Some banks quote flat, others effective. Always convert to compare accurately.
Check your DSR first — keep total debt repayments below 60% of gross income. Banks use this as a key approval criterion.
Clean your CCRIS/CTOS — settle any late payments or defaults before applying. A clean credit record can qualify you for lower rates.
Government servants get preferential rates from BSN, Bank Rakyat, and MBSB — typically 2-3% lower flat rate than commercial banks.
Shorter tenure = less total interest — a 3-year loan costs significantly less in total interest than a 7-year loan, even if monthly payments are higher.
Watch for processing fees — some banks charge 1-2% of the loan amount upfront. Factor this into your total cost comparison.
Consider salary deduction loans if eligible — they often carry lower rates since repayment is guaranteed via payroll.
Don't apply to multiple banks simultaneously — each application creates a CCRIS enquiry. Too many enquiries in a short period can lower your approval chances.
❓ Frequently Asked Questions
As of 2026, BSN MyRinggit-i offers the lowest personal loan rate at 4.99% p.a. flat (approximately 9.10% effective). Bank Rakyat Personal Financing-i follows at 5.50% flat. Government-backed lenders typically offer the lowest rates but may have eligibility restrictions. Among commercial banks, Maybank Personal Loan and CIMB PersonalOne are competitive at 6.88% and 7.00% flat respectively.
Flat rate calculates interest on the original loan amount for the entire tenure, making the quoted rate appear lower. Effective rate (reducing balance) calculates interest on the remaining principal, which is the true cost of borrowing. As a rule of thumb, the effective rate is roughly 1.8× the flat rate. For example, a 6% flat rate equals approximately 10.8% effective rate. Malaysian banks typically quote personal loans in flat rates, while credit cards and overdrafts use effective rates.
DSR (Debt Service Ratio) is the percentage of your gross monthly income that goes toward all debt repayments (car loan, home loan, credit card minimum, personal loan, PTPTN, etc.). Most banks require your total DSR to be below 60-70%. For example, if you earn RM5,000/month, your total monthly debt payments should not exceed RM3,000-3,500. A lower DSR improves approval chances and may qualify you for better rates.
It is difficult but not impossible. Most banks check CCRIS (Bank Negara credit report) and CTOS score during application. Options include: applying at banks with more lenient criteria, reducing existing debt first, applying for a smaller amount, or considering a secured loan against your fixed deposit or ASB. Government-backed options like BSN may have slightly more flexible criteria. Improving your credit takes 6-12 months of on-time payments.
Typical documents: (1) MyKad (IC) copy, (2) Latest 3 months salary slips, (3) Latest 3-6 months bank statements, (4) EA Form or income tax return (BE form), (5) Employment confirmation letter. Self-employed applicants typically need business registration (SSM), 6-12 months bank statements, and tax returns. Some banks accept EPF statements as supplementary income proof.