Best Personal Loan Apps with Instant Approval in Malaysia (2025)
If you need quick access to cash in Malaysia, these personal loan apps offer instant approval and fast disbursement. Here’s a detailed breakdown:
1. instaDuit
✅ Application Process:
- Fully online, application takes around 7 minutes.
✅ Approval Time:
- Within 24 hours if documents are complete.
✅ Loan Amount:
- Depends on personal credit assessment.
✅ Interest Rate:
- 12% – 18% per annum (varies by loan type).
✅ Eligibility Criteria:
- Malaysian citizen aged 21 – 55 years.
- Minimum monthly income of RM1,500.
- Must have 6 months of employment with the same employer.
- Must reside in Kuala Lumpur, Selangor, or Putrajaya.
- Not under bankruptcy or AKPK debt management.
✅ Additional Information:
- No hidden fees or upfront payments.
- Must sign loan contract in-person at instaDuit’s office (as per KPKT regulations).
🔗 Official Website: instaduit.com
2. GXBank FlexiCredit
✅ Application Process:
- Apply online via GXBank account, no paperwork required.
✅ Approval Time:
- Instant approval, funds immediately transferred to GXBank account.
✅ Loan Amount:
- Based on personal credit score.
✅ Interest Rate:
- As low as 3.78% per annum (effective rate: 6.45%).
✅ Repayment Terms:
- Up to 60 months, no early repayment penalty.
✅ Additional Information:
- Flexible withdrawal – borrow as needed, no need to reapply.
🔗 Official Website: gxbank.my
3. Maybank Islamic Personal Financing-i
✅ Application Process:
- Apply via MAE app (Maybank’s digital banking app).
✅ Approval Time:
- Faster approval for Maybank payroll customers.
✅ Loan Amount:
- Depends on individual eligibility.
✅ Interest Rate:
- As low as 6% per annum (varies by credit score).
✅ Repayment Terms:
- Monthly installment starts from RM102.78.
✅ Additional Information:
- No stamp duty or processing fees.
- Optional loan protection insurance (up to RM100,000 coverage).
- No guarantor or collateral required.
🔗 Official Website: maybank2u.com.my
4. Touch ‘n Go CashLoan
✅ Application Process:
- Fully digital, no physical paperwork required.
✅ Approval Time:
- Within 24 hours.
✅ Loan Amount:
- RM100 to RM150,000.
✅ Repayment Terms:
- 1 week to 7 years (depending on loan type).
✅ Eligibility Criteria:
- No CCRIS credit record required.
- Minimum monthly income of RM1,400.
✅ Additional Information:
- No early repayment penalties or extra charges.
- Funds disbursed within 24 hours.
🔗 Official Website: touchngo.com.my
5. ACOM Fast Cash Loan
✅ Application Process:
- Apply online by filling in a simple form with required documents.
✅ Approval Time:
- 1-3 days for approval and disbursement.
✅ Loan Amount:
- Based on credit assessment.
✅ Additional Information:
- Provides customized loan solutions for different financial needs.
🔗 Official Website: acom.com.my
6. CIMB Cash Plus Personal Loan
✅ Application Process:
- Apply online in 10 minutes, no physical documents required.
✅ Approval Time:
- Faster approval for CIMB Payroll customers (no documents needed).
✅ Interest Rate:
- From 4.38% per annum.
✅ Additional Information:
- Best for CIMB payroll customers, smooth approval process.
🔗 Official Website: cimb.com.my
7. Ringgit Loan
✅ Application Process:
- Download the Ringgit Loan app from Google Play Store.
✅ Approval Time:
- Instant approval and fast disbursement.
✅ Additional Information:
- Provided by licensed money lenders in Malaysia.
- Covers personal, business, and housing loans.
🔗 Download App: play.google.com
Things to Consider When Choosing a Loan App
- Eligibility Requirements:
- Different platforms have varying income, employment, and credit score requirements.
- Interest Rates:
- Compare Annual Percentage Rate (APR) to avoid high-interest loans.
- Repayment Terms:
- Choose a tenure that matches your financial capability.
- Hidden Fees:
- Look out for processing fees, late payment penalties, or early settlement charges.
- Approval & Disbursement Speed:
- If you urgently need cash, choose apps with instant approval and same-day disbursement.
⚠️ Important Warning:
- Always read the loan agreement carefully before accepting any loan.
- Only borrow from KPKT-licensed lenders to avoid illegal money lenders (Ah Long).
- Ensure you have a clear repayment plan to avoid falling into debt.
If you need an instant personal loan, these apps can provide fast funds, but borrow responsibly to maintain your financial health. 🚀
