Frequently Asked Questions

Who is Direct Lending?

Direct Lending is an online personal lending platform that aims to provide better borrowing experience to consumers in Malaysia – fast, simple, safe and affordable.

We are an authorised marketing representative (agent) for the civil servant personal financing facilities originated by RCE Marketing Sdn Bhd (a subsidiary of the Bursa Malaysia listed company, RCE Capital Berhad) through Yayasan Ihsan Rakyat and Yayasan Dewan Perniagaan Melayu Perlis Berhad. In addition, we also offer civil servant personal financing from Public Islamic Bank, RHB Islamic Bank, Koperasi KOPUTRI and other selected co-operatives in Malaysia (collectively “the Financing Providers”).

We recently broaden our loan product offerings for private sector workers by collaborating with JCL Credit Leasing Sdn Bhd ("JCL", also known as Japan Credit Leasing), a licensed lender registered under KPKT.

Apply a loan now to experience yourself the better way to borrow. Stay tuned as we work to introduce other great products and services.

Is Direct Lending a licensed money lender?

Direct Lending is an authorised marketing representative (agent) for bank and co-orperative loan (koperasi loan) offers for civil servant. We also collaborate with JCL Credit Leasing Sdn Bhd in offering their personal loans. We are not money lender ourselves and do not offer loan that is underwritten by us.

How do I unsubscribe from emails?

All marketing emails from Direct Lending spam compliant, and therefore each marketing email contains a unique unsubscribe link. Simply click the unsubscribe link in the email to opt-out of marketing emails.

How can I contact Direct Lending?

You can:

  • Email us at ;
  • call us at +603 9212 4200 between 9.00am-6.30pm from Monday to Friday
  • chat with us through Direct Lending website
  • visit us at our office at Unit 16-3A, Oval Tower Damansara, 685 Jalan Damansara, 60000 Kuala Lumpur

We'd love to hear from you!

How do I apply for a loan?

A fast and easy sign up process in 3 simple steps:

Step 1 Fill up our online application form

Just fill up our simple oline form with your relevant personal details and tell us how much and for how long you would like to borrow

Step 2 Contact by JCL for credit check and verification

JCL will contact you through email or call for more verification if you meet the loan eligibility

Step 3 Submit required documents and sign agreements

Once the verification process is done, you can submit the required documents ie., NRIC, latest 3 months payslips and bank statements, latest EPF or tax declaration form and utility bill (like electircity, water bill & etc) before proceed to one of the JCL offices to sign agreements.

What can I use the loan for?

You can use your loan proceeds for almost anything. Here are some of the most popular one:

  • Pay off credit cards bills
  • Consolidate a more expensive loan
  • House renovation
  • Wedding expenses
  • Start or expand a business
  • Medical or hospital expenses
  • Taking courses or further studies
  • Car financing
  • Major purchases
  • Vacation

How much can I borrow and for how long?

JCL personal loan allows you to borrow up to RM50,000 with flexible loan terms of between 1 and 5 years.

Is there a minimum loan amount?

Yes, the minimum loan amount is RM1,000.

Am I eligible to borrow?

You are eligible to borrow if you are currently:

  • A Malaysian citizen aged between 18 and 60 years old
  • Currently working in KL, Selangor, Putrajaya or Negeri Sembilan
  • Minimum gross monthly income of RM1,000
  • Not in bankruptcy and no delay of loan repayment over 2 months
  • Do not have any special attention account in your Bank Negara's Central Credit Reference Information System (CCRIS)

What documents do I need to provide?

If you are under employment

  • A copy of your NRIC (front and back)
  • Latest 3 months payslips
  • Latest 3 months bank statement that crediting your monthly salary
  • Latest EPF or Tax Declaration Form (BE Form)
  • Utility bill - Electricity, water, etc

If you are self-employed

  • A copy of your NRIC (front and back)
  • Latest SSM, Company Chop
  • Latest 6 months Company Bank Statement
  • Utility bill - Electricity, water, etc
  • Latest 2 years Audited Account Report (if available)
  • BE Form & Tax Receipt (if available)
  • Latest 6 months sample of Purchase Order/Invoice

How long does it take for my loan to be deposited into my bank account?

You could receive your loan from as fast as 2 to 5 working days.

Can I use my household or spouse income?

No. Since this is a personal loan, only your personal income is taken into consideration. However, you can use guarantor to improve the chance of getting your loan approved.

Does Direct Lending collect any upfront fees from borrowers?

No, we do not and will not collect any upfront or processing fees from borrowers.

What will be the interest rate?

Rates ranging from 12% p.a. (with collateral) to 18% p.a. (without collateral)

Is there any stamp duty fees?

Yes, you need to pay 0.5% stamp duty of the borrowed amount.

Is there any advance instalment required?

No, there will be no advance instalment required.

What happens if I am late on my payment?

If you are late in your monthly payment, you will be charged a late payment fee as stipulated in your agreement.

How does the loan repayment process work?

You can repay your loan on a monthly basis via Interbank GIRO (IBG), cash deposit, cheque deposit, or MEPS ATM fund transfer..

Can I early settle my loan?

Yes, you can. There is no early settlement charges/penalties if you wish to early settle your loan.

How do I know my personal information is safe with Direct Lending?

Your personal information is stored securely in accordance with our Terms of Use and Privacy Notice. All customer information collected by Direct Lending is passed through a secure server using encryption technology, and protected from unauthorised access by a number of security procedures. Direct Lending will never disclose your information to a third party without your permission.

How do I apply for a loan?

Our loan application process is quick and easy. It will only take a few minutes for you to know your loan eligibility and indicative rate immediately. We'll ask you to provide some personal details, including your employment, monthly income, current loan commitment and education.

You will only be required to provide your identity and income documents if you like your rate and want to proceed with a formal loan application.

Please make sure the information you provide is accurate as the information will be verified.

What can I use the loan proceeds for?

You can use your loan proceeds for almost anything, as long as it is legal. The following are some examples:

  • Debt consolidations
  • Pay off credit cards bills
  • Start or expand a business
  • Medical or hospital expenses
  • Taking courses or further studies
  • Major purchases
  • Car financing
  • Home improvement
  • Vacation
  • Wedding

How much can I borrow and for how long?

Depending on the financing provider, you can borrow up to RM250,000 with flexible loan terms of between 1 and 10 years. Your maximum loan amount is determined by your personal background, credit profile, current financial situation and commitment.

Is there a minimum loan amount?

Yes, the minimum loan amount is RM3,000, while for Public Islamic Bank, the minimum loan amount is RM5,000.

How do I change my submitted application?

You will not be able to edit your application once it is submitted. Please be sure to verify your information prior to submitting. If you make a mistake on your application and wish to change your loan amount, tenure or personal information, please email , call +603 9212 4200 or just chat with us.

How do I cancel my loan application?

If you would like to cancel your loan application, please email , call +603 9212 4200 or just chat with us.

Is the personal financing based on shariah concept?

Yes, personal financing facilities offered on our platform are based on shariah concept.

Am I eligible to borrow?

You are eligible to borrow if you are currently a civil servant in Malaysia and:

  • A Malaysian citizen aged between 20 and 58 years old
  • Have a permanent job with at least 6 months of service in the civil sector
  • Minimum gross monthly income of RM1,500
  • Not in bankruptcy and can afford the loan repayment

What identity and income documents do I need to provide for my loan application?

You must provide us the following documents to complete the formal loan application process.

  • A copy of your NRIC (front and back)
  • Certified payslips of the most recent 3 months (recent month payslip in original format for carbon version payslip only)
  • Confirmation letter of employment
  • A copy of utility bill (only for Koperasi KOPUTRI loan application)
  • A copy of bank statement that crediting your monthly salary

How long does it take for my loan to be deposited into my bank account?

You could receive your loan from as fast as 2 working days to about 2 weeks. This depends on the loan package that you have selected.

For Yayasan Ihsan Rakyat and Yayasan Dewan Perniagaan Melayu Perlis, once we received complete and satisfactory documentation from you with no additional documents or follow-up required, and Yayasan is able to contact you and your employer for the necessary verification within 24 hours from receiving the complete documentation and the verification is successful, the loan proceeds can be deposited into your bank account as fast as 2 working days if your bank account is maintained with Maybank. In all other circumstances, it will take longer than 2 working days.

For Public Islamic Bank and Koperasi KOPUTRI, it takes about 1-2 weeks to process and deposited the loan into your bank account. For RHB Islamic Bank, it takes about 2 weeks.

Please note the turnaround time indicated here is only on best effort basis and is not guaranteed in any circumstances.

I receive a few types of allowances from my employee. What can be counted as income?

The following allowances are counted as income:

  • Public service fixed remuneration
  • Housing remuneration
  • Cost of living assistance
  • Entertainment allowance
  • Incentives for financial duty
  • Educational responsibility allowance
  • Incentives for teaching the disabled

The following allowance will NOT count as income:

  • Overtime
  • Arrears payment
  • Uniform allowance
  • Warden allowance

If you have any other allowances than those mentioned above, please contact us at , call us at +603 9212 4200 or just chat with us.

Can I use my household or spouse income?

No. Since this is a personal loan, we only take your personal income into consideration.

Does Direct Lending collect any upfront fees from borrowers?

No, we do not and will not collect any upfront or processing fees from borrowers.

What will be my financing profit rate?

Your profit rate is determined by the Financing Providers based on your credit profile and financial behaviour. Profit rate for Public Islamic Bank is 4.90% flat rate per annum for loan tenor of 2-3 years while 4.95% flat rate per annum for loan tenor of 4-10 years (this is a promotion rate that Public Islamic Bank is offering, normal rate is 5.20%). For RHB Islamic Bank, the profit rate is 3.99% flat rate per annum (for loan RM20,000 and above), otherwise 4.50% flat rate per annum. For Koperasi KOPUTRI, the profit rate is 5.50% flat rate per annum. For Yayasan Ihsan Rakyat & Yayasan Dewan Perniagaan Melayu Perlis, the profit rate starts from 6.99% to 9.99% flat rate per annum (the actual profit rate depends on your credit profile). The profit rate will be clearly indicated to you for your consideration before you decide whether to accept the loan or not.

What is the final financing amount that I will receive?

The final financing amount that you will receive is determined by Financing Providers based on your credit profile and financial behaviour. This will be indicated clearly to you for your consideration before you decide whether to accept the loan or not.

Broadly speaking, the final financing amount is based on a net payout ratio (as determined by Financing Providers based on your credit profile and financial behaviour), net of required advance instalment and other relevant charges, including but not limited to, stamp duty, insurance, administration charges and GST.

For loan from Public Islamic Bank and RHB Islamic Bank, payout is about 98% of the loan amount while for koperasi loan from KOPUTRI, the payout can be as high as 95% of the loan amount. For Yayasan Ihsan Rakyat & Yayasan Dewan Perniagaan Melayu Perlis, payout is between 75% and 85% of the loan amount (depending on assessment of your credit profile)

Is there any advance instalment required?

Yes, for loan from Yayasan Ihsan Rakyat & Yayasan Dewan Perniagaan Melayu Perlis, there will be 1 month of advance instalment imposed on borrowers while for Koperasi KOPUTRI, there will be 2 month of advance instalment. This will be deducted from your loan amount.

What happens if I am late on my payment?

If you are late in your monthly payment, you will be charged a late payment fee as stipulated in the financing agreement with the financing provider.

How does the loan repayment process work?

Your loan is repaid on a monthly basis via non-discretionary salary deductions processed by either the Accountant General’s Department or the Angkatan Koperasi Kebangsaan Malaysia Behad (Angkasa).

Can I make early repayment of my personal financing?

Yes, you can make early repayment. Financing Providers, at its full discretion, may consider providing you a rebate for early repayment.

How do I know my personal information is safe with Direct Lending?

Your personal information is stored securely in accordance with our Terms of Use and Privacy Notice. All customer information collected by Direct Lending is passed through a secure server using encryption technology, and protected from unauthorised access by a number of security procedures. Direct Lending will never disclose your information to a third party without your permission.