Not everyone earns a high income—but that doesn’t mean you can’t access a personal loan in Malaysia.
Whether you’re earning RM1,200 or RM2,500 monthly, there are trusted banks and licensed money lenders in 2025 offering personal financing plans designed for low income earners.
This guide compares the top loan options with:
Let’s explore your best options this year.
| Provider / Lender | Min Income Req. | Interest Rate (Flat) | Loan Amount | Approval Speed |
|---|---|---|---|---|
| Bank Rakyat | RM1,000/month | As low as 4.88% p.a. | Up to RM50,000 | 2–3 working days |
| AEON Credit Service | RM1,500/month | 8.00%–15.00% p.a. | RM1,000–RM20,000 | Same-day possible |
| MBSB Bank | RM1,500/month | From 3.99% p.a. | Up to RM250,000 | 3–5 working days |
| IKOBANA Maju Capital | RM1,200/month | Custom based on risk | RM1,000–RM10,000 | 1–2 hours (licensed) |
| Pinjaman Wang Berlesen (KPKT) | RM1,000/month | Varies (15–18%) | Flexible | Within same day |
📌 Tip: Always compare effective interest rate (EIR) and check for hidden fees.
Most banks and lenders require RM1,000–RM1,500 monthly salary. Make sure your income slips or bank statements can support this.
Banks like AEON, Bank Rakyat and MBSB offer online applications. Licensed lenders usually require WhatsApp/Telegram verification.
Bank loans: 2–5 days
Licensed lenders: same day
Money is transferred directly to your bank account.
| Mistake | Why It’s Risky |
|---|---|
| ❌ Applying with fake documents | Could get blacklisted or legally charged |
| ❌ Taking too many loans | Affects your credit score and approval chance |
| ❌ Ignoring the fine print | May end up paying more due to hidden fees |
| ❌ Going to illegal lenders | Risk of harassment or threats |
❓ Can I get a loan if I earn RM1,200 a month?
Yes, but only from certain banks or licensed money lenders.
❓ Which bank is easiest to get approved for?
AEON Credit and Bank Rakyat have higher approval rates for lower income earners.
❓ Is it safe to borrow from licensed money lenders?
Yes, as long as they are KPKT-approved and do not ask for upfront processing fees.
❓ What if I am blacklisted or have bad credit?
You may still get approved by licensed lenders, but at a higher rate.
In 2025, personal loans for low income earners in Malaysia are more accessible than ever—whether you go through a bank or licensed agency.
Just make sure to compare rates, read the terms, and borrow responsibly.
