Planning a home makeover but short on cash? Whether you’re upgrading your kitchen, adding a new room, or modernizing your living space, a personal loan can help turn your dream renovation into reality.
At MyLoanReviews.com, we’ve shortlisted the best personal loans in Malaysia for home renovation to help you find the most affordable and practical financing options in 2025.
Home renovations can get expensive quickly. From contractor fees to materials, unexpected costs often pop up. A personal loan offers:
Unlike home equity loans or refinancing, personal loans are fast, require minimal documentation, and offer more freedom to manage your budget.
Here’s our handpicked list of the top personal loans in Malaysia that are ideal for home improvement projects:
| Rank | Bank / Lender | Interest Rate (p.a.) | Max Loan Amount (RM) | Loan Tenure | Best For |
|---|---|---|---|---|---|
| 1 | Maybank | 4.50% | Up to 100,000 | Up to 7 years | Fast approval, low rates |
| 2 | CIMB Bank | 4.75% | Up to 150,000 | Up to 9 years | Big renovation budgets |
| 3 | Public Bank | 5.00% | Up to 120,000 | Up to 8 years | Stable and flexible repayments |
| 4 | RHB Bank | 5.20% | Up to 150,000 | Up to 7 years | Mid-sized projects |
| 5 | Hong Leong Bank | 5.30% | Up to 100,000 | Up to 7 years | Small-scale improvements |
| 6 | Bank Rakyat | 5.50% (profit rate) | Up to 100,000 | Up to 7 years | Shariah-compliant renovations |
| 7 | Alliance Bank | 5.75% | Up to 100,000 | Up to 7 years | Affordable monthly payments |
| 8 | AmBank | 5.90% | Up to 150,000 | Up to 9 years | Flexible usage for any renovation |
| 9 | AEON Credit | 6.50% | Up to 50,000 | Up to 5 years | Quick approval for urgent upgrades |
| 10 | Standard Chartered | 6.75% | Up to 120,000 | Up to 7 years | For major home expansion |
Note: Rates and terms may vary based on applicant profile. Please confirm directly with the lender.
Before applying for a personal loan for your home renovation, consider the following:
✅ Assess Your Budget: Determine how much you really need — don’t overborrow.
✅ Compare Interest Rates: Even 0.5% difference can save you hundreds.
✅ Look at Loan Tenure: A longer tenure reduces monthly payments but may increase total cost.
✅ Check for Fees: Be aware of processing, late payment, and early settlement fees.
✅ Read Reviews: Learn from other homeowners’ experiences.
Choosing the best personal loan in Malaysia for home renovation depends on your renovation size, urgency, and financial comfort. The good news? You don’t need to put your home at risk or wait for months to get started.
At MyLoanReviews.com, our goal is to simplify your search with unbiased comparisons, helpful tips, and honest reviews. No paid placements, no hidden agendas — just real advice to help Malaysian homeowners make better financial decisions.
Start your renovation journey today. Compare top personal loans and apply online with confidence at MyLoanReviews.com.
