Fast Approval Loan(Last updated: 28 August 2026)
Tell me about the IVC Personal Loan.
This high-margin personal loan is offered by Icon Venture Capital Sdn Bhd (Registration No.: 201701032573 (1246743-K)), a KPKT-licensed company (WL7084/14/01-5/300428) under the Moneylenders Act 1951.
For borrowers who are having difficulty getting a loan from mainstream lenders, IVC Personal Loan can help loosen the tight end for you.
How much can I borrow from IVC, and what is the interest rate?
You can borrow from RM5,000 to RM100,000 over tenures of 12 to 60 months (5 years) for personal consumption or other needs.
IVC calculates interest at a flat rate of 13% to 18% per annum, so interest is charged on the full principal for the entire tenure rather than on a reducing-balance basis.
Formula: I = (P + P×R×T)/M
Where:
P = Principal Financing Amount (e.g. RM20,000.00)
R = Annual Flat Interest Rate (18% / 0.18)
T = Financing Tenure in years (e.g. 5)
M = Total Repayment Period in months (e.g. 60)
For example, at the lowest advertised rate of 13% p.a., a RM100,000 loan over 60 months works out to RM65,000 in total interest, bringing your total repayment to RM165,000, or RM2,750 per month. At the higher end of 18% p.a., the same loan costs RM90,000 in interest, with a total repayment of RM190,000, or RM3,166.67 per month. This calculation does not include fees. Your actual monthly repayment will vary slightly once stamp duty and other charges are added.
Because interest is calculated on the full principal for the whole tenure, your Effective Interest Rate (EIR) will be higher than the stated rate of 13%-18%. Note that EIR changes with tenure, so a different loan tenure will produce a different EIR.
| Tenure | EIR at 13% p.a. flat | EIR at 18% p.a. flat |
| 12 months | 23.19% p.a. | 31.72% p.a. |
| 24 months | 23.26% p.a. | 31.46% p.a. |
| 36 months | 22.81% p.a. | 30.59% p.a. |
| 48 months | 22.30% p.a. | 29.70% p.a. |
| 60 months | 21.79% p.a. | 28.88% p.a. |
How can I get my hands on the approved loan?
An IVC Personal Loan can be processed within 5 to 7 working days, provided you have furnished all required documents to management.
Once you have received a Letter of Offer from Icon Venture, you have the option to access your approved loan via your designated bank account or cheque.
How to repay my monthly instalment?
Icon Venture accepts payments made via Internet Banking from all licensed banks in Malaysia, cash deposit machines, or cheques.
You are required to make a full monthly payment 30 days after the full disbursement of your approved loan until the end of your loan tenure.
If you are late with your payment, a late penalty fee may apply, limited to compensation for actual loss incurred. Penalty fees on default are restricted under the Moneylenders Act 1951.
If you default, you will fortunately not be pestered by the Debt Collection Agency. However, Icon Venture will issue a Letter of Demand to demand payment from you.
What are the requirements?
Individuals aged 18 to 60 can apply for an IVC Personal Loan.
All you need to prepare after applying via RinggitPlus is several documents such as:
- Application form
- Copy of your IC (both sides)
- Latest 3 months' salary slips/pay slips
- Latest 3 months' bank statements
- Latest EPF or Tax Declaration Form (BE Form)
- Utility bill: electricity, water, etc
- Address Confirmation: from home/internet bill, mail from banks, or tenancy agreement
