Do I need to make an upfront payment in order to apply for a personal loan?

No, we never take or request for any money from our customers at any time. We earn our income through commission granted directly by the financier when your loan is approved and disbursed.

Is it safe?

Direct Lending only collaborates with licensed and legitimate koperasi, licensed moneylenders and credit communities. The application process is 100% free for our borrowers. Since incorporation in 2016, we have received over 1,000 5-stars review from our customers in our Google Business Page and Facebook.

Am I eligible to borrow?

For civil servant personal loan, you are eligible to borrow if you are currently:

• A Malaysian citizen aged between 20 and 58 years old
• Have a permanent job in the civil sector and with at least 6 months of service
• Minimum gross monthly income of RM1,500

For private sector personal loan, you are eligible to borrow if you are currently:

• A Malaysian citizen aged between 18 and 60 years old
• Minimum gross monthly income of RM1,500 for Peninsular Malaysia and RM1,200 for Sabah & Sarawak
• Have a permanent job with at least 3 months of service

For auto service financing, you are eligible to borrower if you are currently:

• A Malaysian citizen aged 18 and above
• Have sufficient income to meet the monthly repayment

No credit history or low credit score can apply. In all cases, you must not be declared bankrupt and can afford the loan repayment.

How long is the personal loan application process?

It takes just a few minutes to fill out the online application form and you will find out instantly whether you qualify for the financing. If you like what you see, you can continue with the application process. Our application process is 100% free.

Once we receive your complete documentation, depending on the financing package that you have applied for, you could receive the financing as fast as 24 hours.

What is the personal loan rate?

For civil servant personal financing, the rates start from 2.31% per annum depending on the financing providers selected.

For licensed moneylender and credit community personal loan, the interest rate is not more than 1.5% per month for unsecured financing as stipulated under the Moneylenders Act 1951.

For the auto service financing, profit rate is from 0.8% to 1.5% per month depending on customer’s credit profile. As an illustration, for financing RM500 with 6 instalments, the total repayment is RM530.40 or RM88.40 per month.