Fast Approval(Last updated: 28 August 2026)
What is an instaDuit loan?
Offered by BB Capital Sdn Bhd (201301031611 (1061440-P)), instaDuit is a licensed loan provider registered with the Ministry of Local Government Development of Malaysia (KPKT), with registration number WL6540/10/01-6/151126.
Why should I choose instaDuit Personal Loan?
Sometimes people don’t want to deal with conventional banks to apply for a personal loan, with all the strict requirements and plenty of documentation processes, which aren’t feasible if you need quick financing. However, with instaDuit, you will enjoy these benefits:
- Safe
instaDuit’s loans come with fixed monthly instalments and no hidden fees, so you know exactly what you're paying for every month.
- Simple
Thanks to instaDuit’s use of Machine Learning and AI, instaDuit has minimised the form-filling process and requires less documentation to process and approve your loan.
- Speedy
Get your loan approved and disbursed in as little as 1 to 2 days.
If you're seeking financing for your goals, you can consider applying for an instaDuit loan — especially if you're looking to borrow RM10,000 or less. Safe to say that applying for quick loans isn’t a dream anymore with instaDuit Personal Loan.
How much can I borrow and how long is the tenure?
The minimum loan amount you can borrow with instaDuit is RM1,000, and the maximum is RM10,000. The loan tenure, on the other hand, instaDuit offers from 6 months up to 48 months or four years.
This is one of the key features of instaDuit. You can borrow just enough money to organise your needs for a shorter period. This way, you will be able to manage your finances more effectively without unnecessarily prolonging the loan.
What is the interest rate of an instaDuit Personal Loan?
instaDuit charges a fixed rate of 18% per year, so you pay interest on the full amount you borrowed for the entire loan period, not on the reducing balance.
Formula: I = (P + P×R×T)/M
Where:
P = Principal Financing Amount (e.g. RM10,000.00)
R = Annual Flat Interest Rate (18% / 0.18)
T = Financing Tenure in years (e.g. 4)
M = Total Repayment Period in months (e.g. 48)
Borrow RM10,000 for 48 months, and you'd pay RM7,200 in interest. That brings your total repayment to RM17,200, or RM358.33 a month. This calculation does not include fees. Your actual monthly repayment will vary slightly once stamp duty and other charges are added.
Since flat-rate interest is charged on the full principal throughout the tenure, the true annual cost is higher than the stated 18%. Note that the Effective Interest Rate (EIR) changes with tenure, so a different financing tenure will produce a different EIR.
- 6 months: 30.23% a year
- 12 months: 31.72% a year
- 24 months: 31.46% a year
- 36 months: 30.59% a year
- 48 months: 29.70% a year
Are there any fees or charges I need to pay?
Yes, there are statutory charges that you need to pay, such as legal and stamp duty fees. However, this is only applicable once your loan is approved and you have agreed to sign up for the loan.
Am I eligible to apply for an instaDuit Personal Loan?
Any Malaysian aged 21 to 55 is eligible to apply for the instaDuit Personal Loan. You must also be earning a basic monthly income of RM1,500 or RM18,000 annually and working in Kuala Lumpur, Selangor or Putrajaya to be eligible.
Other eligibility criteria are as follows:
- Not declared bankrupt
- Not under AKPK's debt management program
What do I need to prepare before applying?
Ready to hit the Apply button above? Let’s get you started. Below are some things you should prepare in advance to ensure a smooth application process.
- A photo/selfie of yourself (to ensure you are who you say you are)
- Your IC (front and back)
- Your latest 3 months' salary slips
- A picture of your office (as proof of your income and employment)
- Latest EPF statement
- Latest 3 months’ bank statement
What documents are required to apply for this quick loan?
Please prepare the following documents before you apply for instaDuit. Once you have them ready, you can click the Apply Now button above and complete your application online. We promise it won’t take much of your time.
- Copy of your IC (front and back)
- Latest 3 months' salary slips
- Latest 3 months' bank statement of your salary crediting account
- Latest EPF statement
- Utility bill (electricity bill, water bill, etc)
Loan Pre-Payment Fee
This fee shall be charged to you in accordance with the Loan Agreement with instaDuit.
How can I start repaying my instaDuit loan?
You can repay your loan in several ways, such as the following.
- Internet banking: Instant Transfer or Interbank GIRO (IBG)
- DuitNow
- Cash deposit
- MEPS ATM fund transfer
