If you’re self-employed in Malaysia and don’t have a fixed salary or payslip, you might think personal loans are out of reach. But in 2025, many licensed lenders and some banks now accept alternative documents for loan applications.
Whether you run a home business, do freelance work, or are a Grab driver, here’s how to get a personal loan without traditional income proof.
| Type of Self-Employment | Loan Eligibility | Notes |
|---|---|---|
| 🛵 Grab / food delivery driver | ✅ Yes | Weekly payout & e-wallet record accepted |
| 📱 Online seller (Shopee, IG) | ✅ Yes | Show transaction records or e-wallet flow |
| 💻 Freelancer / gig worker | ✅ Yes | Use bank deposits, invoices, PayPal/Stripe receipts |
| 🧼 Small business (home-based) | ✅ Yes | SSM cert + customer payment proof recommended |
You can submit any 2 or more of the following:
Licensed lenders usually accept applications via:
Lenders will:
🕒 Approval Speed: 1 hour – 3 working days depending on lender type
| Lender / Platform | Payslip Needed? | Min Monthly Flow | Loan Amount | Approval Time |
|---|---|---|---|---|
| IKOBANA Maju Capital | ❌ No | RM1,200+ | RM1,000–RM10,000 | 1–2 hours |
| AEON Credit Service | ❌ Optional | RM1,500+ (bank) | RM2,000–RM20,000 | 2–3 working days |
| MBSB Personal Financing | ❌ Optional | RM2,000+ avg. | Up to RM250,000 | 3–5 working days |
| CapBay (P2P lending) | ❌ | RM1,800+ bank | RM5,000–RM50,000 | 1–2 days |
| Licensed Lenders (KPKT) | ❌ | RM1,000+ monthly | RM1,000–RM5,000 | Same day possible |
📌 Always ensure your lender is licensed under KPKT (Ministry of Housing).
| Mistake | Why It’s a Problem |
|---|---|
| ❌ Submitting edited/fake docs | Risk of blacklisting and legal action |
| ❌ Low or irregular bank activity | May cause rejection due to unstable income |
| ❌ Inconsistent info across forms | Can delay or cancel approval |
| ❌ Using someone else’s account | Identity mismatch = instant disqualification |
❓ Can I get a personal loan without payslip or EPF?
Yes—if you have bank transaction proof or e-wallet income records.
❓ What’s the minimum income I need to show?
Usually RM1,200–RM1,800 per month average, depending on lender.
❓ Will the loan amount be lower than salaried workers?
Yes, but you can still get RM5,000–RM20,000, or higher if records are strong.
❓ Is SSM registration required?
Not always, but it helps strengthen your credibility as self-employed.
If you’re a self-employed Malaysian with no income proof, you’re not excluded from getting personal loans in 2025.
With the right bank or e-wallet history, you can still qualify for fast, legitimate, and flexible personal financing.
👉 Explore verified self-employed loan options at:
🔗 https://myloanreviews.com
