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Interest rates and repayment calculator
Every licensed moneylender in Malaysia is bound by an interest rate cap under the Moneylenders Act 1951. This isn't a promotional rate — it's the legal maximum, and any lender charging above it is operating unlawfully.
The statutory cap
- 18%/year — unsecured loans
- 12%/year — secured loans
We operate within this cap. The actual rate charged to you depends on the product, amount, and risk profile assessed by our officer during your appointment — not one fixed rate for everyone.
Repayment estimate
This calculator shows an estimate using the statutory rate cap (18%/year unsecured, 12%/year secured) — not a real quote. The actual rate depends on the approved product; see build spec §12 for what's still unconfirmed.
| Estimated monthly instalment | — |
| Estimated total repayment | — |
Estimate only, based on flat interest at the maximum rate the law allows. This is not an offer or a quote. The actual figure will be confirmed in writing by our officer before you sign any agreement.
How the interest is calculated
The calculator above uses the flat-rate method — the most common approach among licensed moneylenders in Malaysia. Interest is calculated once on the principal for the full tenure, rather than recalculated monthly like a conventional bank loan. This means your monthly instalment stays fixed for the life of the loan.
Not a quote
The estimate above is for educational purposes only, using the maximum statutory rate. It is not an offer, a quote, or a guarantee of approval. Our officer will confirm the real figure in writing before you sign any agreement.