Hassle-free applicationWhat is Adacash Personal Loan?
Adacash is a licensed money lender that offers a personal loan to assist you in times of financial need. Aiming to provide everyday Malaysians with a hassle-free borrowing experience, you simply need your valid IC or MyKad and an active local bank account to get started.
What can I get from Adacash?
With Adacash personal loan, a new customer can borrow from a minimum of RM500 up to RM1,000 over loan tenure of up to 3 months with a fixed interest rate of 18% per annum.
If you are a repeat customer, Adacash may offer you an increased loan amount of up to RM5,000 with a longer tenure of up to 6 years. This, however, is solely based on Adacash’s assessment and approval of your previous credit standing.
Are there any fees that I should note of?
You are required to pay the RM5 Stamp Duty fee from the approved loan amount to Adacash. Other than that, there is also an Attestation Fee of up to RM200.
Additionally, if you fail to repay your monthly instalments as stipulated in your agreement, you will be charged a late penalty fee of 8% of the outstanding amount, per annum. So do make sure you pay on time to avoid paying unnecessary amounts!
Can I settle my loan early?
Yes, you can. Adacash gives you the flexibility to settle your loan early if you have the means for it without any penalty or charges. Do give Adacash’s representative a call if you require assistance on this.
How fast will Adacash approve my loan?
Depending on your credit assessment and eligibility, you may be able to get your Adacash personal loan approved and disbursed to your bank account within 1 working day! However, according to Adacash, if you apply for a loan at night, your application will be processed on the next business day instead.
Am I eligible to apply and what document is required?
Any Malaysians aged 21 years to 70 years with a minimum monthly income of RM1,000 and have an active local bank account are eligible to apply for Adacash personal loan. Simply have your IC (front and back) and your local bank account number to start your application journey!
If you have any questions or need assistance, do reach out to the Adacash representative at 0327795277 or via email at [email protected], Monday to Friday, 9am to 6pm.
