Obtaining a loan from a traditional bank can sometimes be a lengthy and complicated process. At times, the bank’s stringent lending requirements and thorough verification procedures can take up to several days or even weeks to complete. To successfully obtain a loan from a bank, the process may require a significant amount of paperwork, including personal and financial documentation, such as payslips and bank statements

There are times when you may need a quick personal loan in the near future – whether it’s an emergency or to start a new business, or to further your education. 

If you need a solution that’s quick, safe, and transparent, why not consider getting a loan from instaDuit? 

Introducing instaDuit 

instaDuit is a licensed loan provider registered under the Ministry of Local Government Development (also known as KPKT) utilising Fintech to help their customers achieve their goals. With cutting-edge technology, artificial intelligence, and credit decision science, they aim to empower consumers and promote financial growth. 

Here are 3 reasons why you can consider applying for an instaDuit loan: 

1) Speed 

Perhaps you require an urgent cash injection due to unforeseeable circumstances. The good news is that instaDuit provides speedy loan approval and disbursements within 1-2 days, unlike other financial institutions which may take up to 1-2 weeks, depending on their processes. 

All you will need to do is apply for your loan online. You won’t need to visit any physical branches – all you need is your phone and an internet connection. Apply for your loan with ease anytime, anywhere. 

2) Fixed Interest Rates And Transparency

An important aspect of applying for a personal loan is the interest rate for the loan. instaDuit offers fixed installment loans and there are no hidden fees so your monthly payments remain the same and it’s easier for you to balance all your other commitments. There are also no hidden fees (apart from the usual statutory charges such as legal and stamping fees). 

instaDuit also provides an omnichannel experience that will assist you throughout the application journey and even after you get your loan. You’ll be able to get all the assistance you need should you have any enquiries about your loan application or repayments. 

3) Less Hassle 

As with any loan application, you’ll be required to provide a certain amount of personal information in order to apply for an instaDuit loan. However, instaDuit uses machine learning and AI so they have minimised the form-filling process and requires less documentation in order to process and approve your loan. The entire process can be done within 1-2 days.

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If you’re looking for a simple, speedy, and most importantly safe personal option, then you can consider applying for an instaDuit loan – especially if you’re looking to apply for anything amounting to RM10,000 or less. 

You’ll be eligible for an instaDuit loan if you meet the following criteria: 

1. Malaysian

2. Salaried employee

3. Location: Kuala Lumpur, Selangor, and Putrajaya

4. Min Basic Income: RM1,500 per month

5. Age: 21 – 55 years old

6. Not declared bankrupt

7. Not under AKPK’s debt management program 

For more information on instaDuit, visit here. 

The contents of this article do not constitute financial advice. Readers should conduct their own research before making a financial decision.

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