Our Promise

Applying for a loan can be stressful. We’re here to help.

You are Our Priority

We aim to best address your financing needs, only working with legal moneylenders


Helping you from A-Z with our dedicated loan consultants. Know your rate instantly & receive your funds as fast as 1 working days*


Transparent rate with no hidden fees or upfront costs.


Our services are 100% free. We don’t take any upfront fees from you at any time.

Safe Personal Loan From Our Licensed Moneylender Partners

  • Interest rate is 1.5% per month or 18% per annum
  • Loan amount from RM1,000 to RM20,000 (final approved amount based on your affordability)
  • Flexible loan tenor from minimum 1 year to 4 years
  • No holding of ATM card. No upfront payment
  • Approval as fast as 1 working day with complete documents
  • Over 20 licensed moneylender partners across the country to serve your needs

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Loan Eligibility

  • Malaysian citizen aged between 20 - 60 years old
  • Have a permanent job (private or government sector) with at least 3 months of working tenure
  • Not bankrupt
  • Have a valid Malaysian bank account
  • No credit history or low credit score can apply
  • Minimum gross monthly fixed income (basic & allowances) of RM1,500 

How to apply for Licensed Moneylender Personal Loans?

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Frequently Asked Questions

Who is a licensed moneylender?

A licensed moneylender is a lender that is licensed by Ministry of Local Government Development (KPKT) under the Moneylenders Act 1951. All licensed moneylenders will receive a valid license detailing the company name, address, license number and the validity of the license.

How much is the interest rate charge?

Under the Moneylenders Act 1951, the interest rate for unsecured loans is not more than 18% p.a. while secured loan is not more than 12% p.a.

How much can I borrow and for how long?

The amount of financing that you are eligible to borrow would depend on a few factors such as your income, current debt commitment and credit history. Depending on the lenders, the maximum loan amount is up to RM20,000 with flexible loan tenors between 1 year and 4 years.

Planning to apply for a loan? Use this personal loan calculator to estimate your monthly instalment.

Do I need to give my ATM card when applying personal loan?

No, all the licensed moneylenders on Direct Lending platform do not take your ATM card when you apply a personal loan through us.

How do I differentiate between a licensed money lenders and an illegal lender?
  • Licensing: A licensed moneylender is governed and regulated by the Ministry of Local Government Development (KPKT) whereby they have to comply with the Moneylenders Act 1951 whereas an illegal lender (loan sharks) are not regulated or licensed by any party. Basically they set their own rules.
  • Interest rate: A licensed money lender can only charge maximum 12% p.a. for secured loans and 18% p.a. for unsecured loans according to the Moneylenders Act 1951. As for an illegal money lender, they usually charge 30% interest monthly. However, do bear in mind that illegal money lenders do not follow any law so they can charge as they like.
  • Loan amount & tenure: The loan amount a licensed money lender could offer is from as low as RM1,000 to maximum RM20,000 between 1 year to 4 years depending on the lenders itself. Some licensed money lenders could offer a higher amount with collateral. On the other hand, an illegal lender sets their own rules so the loan amount and tenure is set as according to their convenience. For example, it could be a very huge loan amount but the loan tenure is set to be very short.
  • Credit criteria: Licensed moneylender will do proper credit analysis before granting you a loan. As for unlicensed money lender, there is no credit criteria as it is not governed by any party. But do note that because of this, they might hold on to your personal belongings such as IC, passport, ATM card as a form of security deposit.
  • Other charges: When applying a personal loan with a licensed money, if your loan is approved there would be a loan agreement validated by a third party like a lawyer, legal officer or Commissioner for Oaths. That is why besides paying the monthly instalment, you will need to pay attestation and lawyer fees, credit check fees and stamp duty. The fees will be deducted from the loan proceeds. As for illegal moneylender, there is no loan agreement involved so there could be other hidden costs that they could charge you as they like.
What is the requirement to apply for a personal loan from licensed moneylenders?

You are eligible to borrow if you are currently a Malaysian citizen and:

  • Aged between 20 and 60 years old
  • Have a permanent job with at least 3 months of service (with payslips and salary is credited into bank account)
  • Minimum gross monthly fixed income of RM1,500
  • Not in bankruptcy and can afford the loan repayment

Check your loan eligibility for free HERE.

What documents do I need to prepare to apply for personal loan from a licensed money lender?

The basic documents required are:

  • A copy of your NRIC (front & back)
  • Latest 3 months payslip
  • Latest 3 months bank statement
  • A copy of utility bill (i.e. water, electricity)
  • A copy of your EPF (detailed) contribution statement
Do I need to provide any collateral or guarantor to apply for a personal loan?

A personal loan is a type of an unsecured loan. This means that you do not need to provide any collateral or have any guarantor in order to borrow money.

How long is the process?

You could receive your loan approval result from as fast as 1-2 working days, subject to full & complete document. Loan disbursement takes about 1-2 working day upon signing of loan agreement.

Can I settle early my personal loan?

Yes, you can make early repayment.

Who is Direct Lending? Why should I apply my loan through Direct Lending?

Direct Lending is an online personal lending platform to help borrowers to search, compare and apply financing that is most suitable to you. We only partner with licensed money lenders that is licensed under the Ministry of Local Government Development (KPKT).

Our service is 100% FREE and will not require any payment from our customers at any time. Direct Lending has over 2,700 reviews rated 5-stars by our customer in our Google Business Page and Facebook.

How do I apply for a personal loan online?

Applying a personal loan has never been this easy and convenient. Check your eligibility through our platform and we will select the best personal loan that best suit your financing needs. Our dedicated experienced consultant or the officer from the lender will then be in contact and assist you with your personal loan application from A-Z.

Apply and check your eligibility for 100% free. No hidden charges or processing fees. To apply for a personal loan, click HERE.


* Terms & Conditions apply. The financing rates is 1.5% per month or 18% per annum. Tenor of the financing offered is between 1 year and 4 years. As a representative illustration, for a RM10,000 loan amount borrowed for 1 year at an annual interest rate of 18%, the total repayment amount at the end of the tenure is RM11,800.