Fast Approval LoanTell me about the IVC Personal Loan.
This high-margin personal loan is offered by Icon Venture Capital Sdn Bhd (Company No. 1246743-K), a licensed company 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 an IVC Personal Loan?
The minimum amount you can borrow from an IVC Personal Loan is RM5,000.
Subject to management approval, you may borrow up to a maximum of RM100,000 for personal consumption or any other needs.
An interest rate between 13% and 18% per annum (1.5% per month) will be charged on your loan amount, depending on whether the facility is secured or unsecured and on the borrower's lending profile.
For a high-margin loan amount, you may need to pledge your property or land to support the application.
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 fees should I know about?
A legal fee will be quoted and applied to your loan agreement. You can settle the personal loan with a required 3 months' notice.
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
