Emicro Personal Loan, Providing You Fast Loans in 6 Hours
There are ups and downs in life, anything can happen at times you are not prepared financially. Luckily, there is always a light at the end of dark financial tunnel.
Emicro Services Sdn Bhd is a licensed company under Ministry of Housing and Local Government (KPKT) that provides a fast microloan to Malaysians only. You can apply for this short term loan online, get approved and money banked into your account as fast as 6 hours.
If you apply anytime outside of working hours, you will receive your personal loan on the next working day. It is recommended to use CIMB Bank as your designated account for fast deposit.
What is the Minimum and Maximum Fast Loans That Emicro Provide?
At the moment, the minimum amount of a fast loan you can borrow is RM500 while the maximum amount is RM10,000.
|Fast Loan Amount||Tenure|
|RM500 - RM1,000||6 months|
|RM1,001 - RM3,000||6 months|
|RM3,001 - RM5,000||12 months|
|RM5,001 - RM10,000||24 months|
Emicro Personal Loan Offers Flat Interest Rate
The interest rate of this personal loan is fixed and flat at 18% p.a. This interest is calculated on your total approved loan amount and payable every month until maturity.
This personal loan also comes with fees and charges such as:
- Processing fee (including Stamp Duty & Legal Fees): max. RM400, depending on the loan amount
- Late payment interest: 8% from the current outstanding amount
- Late penalty fee: RM25, when principal or interest not paid within 7 days after the due date
Fast Loans Requirements
Emicro accepts fast loan application from any Malaysian aged between 21 to 45 years old. In order to process your application, please prepare:
- Original MyKad (Front/Back)
- Your selfie, holding MyKad (to avoid identity fraud)
- Latest salary slip or EPF Statement
- Utility bills (electricity/water/maintenance, etc)
Emicro Fast Microloans Repayment
There are a few easy ways to repay your personal loan:
Transfer the money to Emicro bank account and enter your ID number or mobile number as the reference. Next step, upload the transfer slip to Emicro web or app.
FPX online banking
Pay via FPX online banking in Emicro web or App.
Make the repayment via ATM transfer to the company bank account. After that, upload the transfer slip to Emicro website or app.
Repay your microloan via JomPAY and upload the slip to Emicro web or app.