Personal loans in Malaysia range from 5% to 12% per annum depending on your income, credit history, and the lender. Government servant loans from Bank Rakyat can be as low as 4.5%. Here is a complete guide to personal loans including the best options for 2026.
Personal Loan Rates Malaysia 2026
| Bank | Interest Rate (from) | Max Loan | Max Tenure |
|---|---|---|---|
| Bank Rakyat (govt servant) | 4.49% p.a. | RM150,000 | 10 years |
| Maybank Personal Loan | 5.89% p.a. | RM100,000 | 7 years |
| CIMB CashLite | 6.00% p.a. | RM150,000 | 5 years |
| RHB Easy Personal Loan | 6.99% p.a. | RM150,000 | 7 years |
| Hong Leong Bank | 7.00% p.a. | RM100,000 | 5 years |
| AEON Credit | 10.00%+ p.a. | RM60,000 | 5 years |
Eligibility Requirements
Most banks require: minimum income RM2,000/month (some RM3,000), aged 21โ55 or 60, Malaysian citizen, employed for minimum 6 months (1 year preferred), DSR below 60%โ70%. Self-employed applicants need 2 years of tax returns and EPF statements.
Avoid These Personal Loan Mistakes
1. Borrowing more than needed (pay interest on unused funds). 2. Taking the maximum tenure just to lower monthly payments (total interest is much higher). 3. Ignoring early settlement terms โ some loans charge penalties for early repayment. 4. Using personal loans for investing (borrowing to invest is very risky).
Calculate Your Personal Loan DSR
Before applying, check your DSR with our ๐ Personal Loan DSR Calculator. A DSR below 50% gives you the best chance of approval at competitive rates.
Our editorial team specialises in Malaysian personal finance โ covering loans, taxation, insurance, EPF, and Islamic finance. Every article is fact-checked against Bank Negara Malaysia (BNM), LHDN, and major Malaysian bank publications. We reference our calculators (which use industry-standard formulas) to ensure consistency between our written content and tools. Learn more about our methodology โ