JCL Personal Loan

Get cash right when you need it! Enjoy higher margin of financing with 0% interest for the first month, longer borrowing period and super fast approval.

JCL Personal LoanFast Approval!
Interest Rate
from 18% p.a.
Financing
up to RM50k
Tenure
up to 5 years
Loan Type
Unsecured Loan
Min. Income
RM1,000/month

Loan calculator

Interest rates

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

You borrowLoan periodYour incomeInterest Rate
RM1,000 - RM50,00012 to 60 monthsmin. RM12,00018% p.a.

Fees & Charges

Interest Rate / APR
As low as 18% p.a., depending on loan amount and period
Processing Fee
None
Stamp Duty
 0.5%  of the whole amount
Early Termination Fee
None
Late Penalty Fee
 8%  from current outstanding amount

Requirements

Minimum Annual Income
RM12,000
Minimum Age
  • 18 to 60 years old
Who can apply
  • Malaysians
  • Klang Valley and Penang

More Information

What is this product about?

Obviously, it is a personal loan that offers borrowing as low as RM1,000 up to RM50,000 at interest rate of 18% per annum for a period of maximum 5 years.

On top of that, JCL Credit Leasing will waive your first month interest payment once your loan application is approved. 

It is not a typical personal loan product you can find in the market, which normally comes with strict lending requirements and varied underlying fees and charges. 

Chances are big for those disfavored by the mainstream lenders too as JCL Personal Loan provides simple and quick access to credit lifeline with FAST turnaround time.

How fast can I get my money?

Depending on your eligibility criteria and JCL Credit Leasing's underwriting requirements, your loan application can potentially be approved at least 1 day and disbursed in 2 working days.

Are there fees and charges I should be aware of?

Yes, there are. While JCL Personal Loan does not charge processing fee at the point of application, as well as exit fee for settling the loan before maturity, you need to pay Government Stamp Duty of 0.5% of the borrowed amount. 

A word of caution (you may want to pay extra attention on this one), you can be slapped with a steep late penalty fee of 8% p.a. on the outstanding amount should you missed your instalment payment - that is surefire going to hurt your wallet if you are not disciplined.

Who can apply and what are the requirements of this personal loan?

Any individuals in the Klang Valley and Penang with Malaysian identity card aged between 18 to 60 years can apply for this personal loan. It is so affordable that you only need to have a minimum monthly income of RM1,000 to qualify for borrowing. 

To be eligible as an employee, you will have to be working for more than 3 months in your current organization. In the event you have less than 3 months of tenure, you are required to provide a guarantor to proceed with application.

To apply as a self-employed, ensure that your business is in operation for more than 1 year.

In terms of required documents, all you need to prepare is:

Employee (with basic salary)

  • Copy of MyKad (front and back)
  • Declaration form (personal)
  • Application form
  • Latest 3-months salary slip
  • Latest 3-months bank statement (personal bank account, desktop version only)
  • Latest EPF / BE form 
  • Latest Utility bills of current residence (Electricity/Water/Maintenance/etc)

Employee (fully commissioned)

  • Copy of MyKad (front and back)
  • Declaration form (personal)
  • Application form
  • Latest 6-months salary slip
  • Latest 6-months bank statement (personal bank account, desktop version only)
  • Latest EPF / BE form
  • Latest Utility bills of current residence (Electricity/Water/Maintenance/etc)

Self-Employed (less than RM10,000)

  • Copy of MyKad (front and back)
  • Declaration form (personal)
  • Application form
  • Latest 3-months bank statement (personal bank account, desktop version only)
  • Latest 6-months bank statement (company bank account, desktop version only)
  • SSM (page 1-3)
  • Tax Declaration / Receipt
  • Latest Utility bills of current residence (Electricity/Water/Maintenance/etc)

Self-Employed (more than RM10,000)

  • Copy of MyKad (front and back)
  • Declaration form (personal)
  • Declaration form (sign & company's stamp)
  • Application form
  • Latest 3-months bank statement (personal bank account, desktop version only)
  • Latest 6-months bank statement (company bank account, desktop version only)
  • SSM (page 1-3)
  • Tax Declaration / Receipt
  • Latest Utility bills of current residence (Electricity/Water/Maintenance/etc)

Can I trust this service?

JCL Credit Leasing is a licensed credit leasing company that has been in Malaysia for more than 10 years, with reliable office, website, social media presence and customer base. Google up if you're willing to give yourself a benefit of doubt.