Need a personal loan urgently? Whether it’s for medical expenses, debt consolidation, or home repairs, knowing how long the loan process takes is crucial.
In Malaysia, the approval time depends on the type of lender, your documents, and creditworthiness. Let’s break down how fast personal loans are approved in Malaysia—from banks to licensed lenders.
| Lender Type | Approval Time | Disbursement Time | Notes |
|---|---|---|---|
| Licensed Money Lender (KPKT) | ✅ Same day – 24 hrs | ✅ Same day | Ideal for urgent cases, flexible docs |
| AEON Credit | 1 – 3 working days | Same or next day | Accepts freelancers and low-income |
| Bank (e.g. MBSB, Bank Rakyat) | 3 – 7 working days | 1 – 2 days after approval | Requires payslip/EPF, stricter credit score |
| Koperasi Loan (Govt staff) | 3 – 5 working days | After ANGKASA confirms | Available to civil servants |
| P2P Lending (e.g. CapBay) | 1 – 3 days | Next day or scheduled | Flexible for self-employed |
📌 Speed may vary depending on documentation, income proof, and whether you’re blacklisted.
| Option | Speed | Requirements |
|---|---|---|
| Licensed lender via WhatsApp | 🕒 1–3 hours | NRIC + bank statement |
| AEON online application | ⏱️ 1–2 days | Payslip/EPF + eKYC |
| P2P lending for freelancers | ⏱️ 1–3 days | Bank flow + income screenshots |
| Koperasi loan (gov staff) | 🕒 3–5 days | ANGKASA form + AG slip |
| Reason | Solution |
|---|---|
| ❌ Incomplete documentation | Double-check requirements before applying |
| ❌ Low or unstable income | Add supporting docs like EPF/e-wallet |
| ❌ Poor CTOS/CCRIS record | Use licensed lenders or koperasi instead |
| ❌ Multiple concurrent applications | Avoid mass applying across banks/lenders |
❓ Can I get a personal loan on the same day?
✅ Yes—licensed money lenders can approve and disburse funds within 1–2 hours if documents are complete.
❓ How long do banks take to approve a loan?
Most banks take 3 to 7 working days, depending on credit checks and internal processing.
❓ What if I’m self-employed with no payslip?
You can apply with bank statements or e-wallet income proof via AEON, P2P lenders, or KPKT-approved lenders.
❓ How fast is AEON Credit loan disbursement?
Once approved, AEON usually disburses within 1–2 days.
Loan approval in Malaysia can be as fast as 1 hour or take up to a week, depending on where you apply.
To get funds fast, always prepare your documents, use verified lenders, and apply smartly.
👉 Need fast approval? Start comparing lenders now at:
🔗 https://myloanreviews.com
