IVC Personal Loan

Whether for personal or business consumption, meet your urgent financial needs for up to RM2 million with competitive interest rate and flexible repayment plan!

IVC Personal LoanFast Approval Loan
Interest Rate
from 13% p.a.
Financing
up to RM2,000k
Tenure
up to 5 years
Loan Type
Unsecured Loan
Min. Income
RM5,000/month

Loan calculator

Interest rates

How much the bank charges you based on your loan amount & loan period

You borrowLoan periodYour incomeInterest Rate
RM10,000 - RM2,000,00012 to 60 monthsmin. RM60,00013% p.a.
RM10,000 - RM2,000,00012 to 60 monthsmin. RM120,00018% p.a.

Fees & Charges

Interest Rate / APR
As low as 13% p.a., depending on loan amount and period
Processing Fee
None
Stamp Duty
None
Early Termination Fee
6-month interest will be charged
Late Penalty Fee
 8%  from current outstanding amount

Requirements

Minimum Annual Income
RM60,000
Minimum Age
  • 18 to 60 years old
Who can apply
  • Any nationality
  • Klang Valley only
  • Salaried employee
  • Self-employed

More Information

Tell me about 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 maintstream lenders, IVC Personal Loan can help loose the tied end for you.

How much can I borrow from IVC Personal Loan?

The minimum amount you can borrow from IVC Personal Loan is RM10,000. Subject to the management approval, you may borrow up to maximum RM2 million, for personal consumption, business or any other needs. 

An interest rate will be charged to your loan amount between 9% p.a. to 18% p.a. (0.75% to 1.5% per month), depending on whether the facility being a secured or unsecured loan, as well as the borrower's lending profile.

For high margin loan amount, you may need to pledge your property or land to support the application.

How can I get my hand on the approved loan?

IVC Personal Loan can be processed within 2 working days, provided you have furnished the management with a complete document. 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 payment made via Internet Banking from all licensed banks in Malaysia, or cash deposit machine or cheque. You are required to make a full monthly payment 30 days after a full disbursement of your approved loan until the end of your loan tenure. 

In case you are late on the payment, you will receive calls and SMS from Icon Venture to remind you on your arrears. A late payment fee of 8% will be imposed on your facility after 7 days of grace period. 

If defaulted, fortunately you will not get pestered by the Debt Collection Agency. However, Icon Venture will issue a Letter of Demand to demand the payment from you.

What are the fees and charges I should know?

First of all, there is no Processing and Stamp Duty fees deduction from your approved loan. But, a legal fee will be quoted on and applied to your loan agreement. You can settle the personal loan before the end of your tenure by paying 6-month interest.

Who can apply for IVC Personal Loan and what are the requirements?

Any individuals aged 18 to 60 years old, with a minimum monthly income of RM5,000 can apply for IVC Personal Loan. All you need to prepare after applying via RinggitPlus is several documents such as:

For Personal Loan:

  • Original IC (MyKad)
  • Latest 3 months Salary Slip/Pay Slip
  • Latest 3 months Bank Statement
  • Latest EPF or Tax Declaration Form (BE Form)
  • Utility bill- Electricity, water, etc
  • Address Confirmation (example below ):・Phone/Internet Bill ・Mail from Banks ・Tenancy Agreement

For Business Loan:

  • Application Form
  • Copy of IC (MyKad)
  • Latest SSM, Company Stamp
  • Latest 6 months Company Bank Statement
  • Latest 2 years Audited Account Report (if available)
  • Latest 6 months sample of Purchase Order/Invoice
  • BE Form & Tax Receipt (if available)
  • Utility bill