Best Low Income Personal Loans in Malaysia 2019

Find personal loans with low income requirements for any salaried employee or entrepreneur.

Quick and Easy

Who Can Apply for Low Income Personal Loans?

Individuals who earn RM1,500 or below are eligible to apply for low income personal loans. You can be an employee, a business owner or even a pensioner. If you’re a Muslim, you can opt for Islamic Personal Financing for low income.

What is the Maximum Personal Loan I Can Borrow?

Each bank offers a different range of personal loan for low income, the maximum loan could reach up to RM250,000. However, the amount of personal loan you’ll get is depending on your monthly salary and credit report.

How to Choose the Best Personal Loan for Low Income in Malaysia

Taking a personal loan when you’re earning a low income may be scary. What if you’re unable to repay the loan? Don’t worry, there are ways to choose the perfect personal loan according to your circumstances.

The first thing you need to look at when comparing for the best personal loan for low income is the interest rate. List down a few low income personal loans that offer low interest rates. Secondly, compare the loan tenure. A low income personal loan with the lowest interest rate may have short tenure, making it unsuitable for some people. Lastly, use the personal loan calculator on our website.

Our Personal Loan Calculator will tell you how much you have to repay every month, helping you to choose the best personal loan for low income in Malaysia.

personal loan for low income calculator

Top 5 best personal loans for low income in Malaysia:

  1. RHB Low Income Loan
  2. RHB Easy-Pinjaman Ekspres, a low income loan with flexible tenure of up to 5 years. Low repayments, no hidden fees or charges, any nationality is eligible. Xpress apply, next day SMS approval.
  3. AEON Low Income Loan
  4. AEON iCash Personal Financing allows you to pay at low monthly profit rates for up to 7 years. Apply financing from RM1,000 to RM100,000 and get your personal financing approved in three days.
  5. Public Bank Low Income Loan
  6. Public Bank BAE Personal Financing-i offers low profit rate, no processing fee and use salary deduction payment method. Unsecured Islamic financing only for Malaysian civil servants.
  7. KOBETA Low Income Loan
  8. KOBETA Cash-i, a fast-approval personal financing for low income earners. No guarantors needed, up to 10 years tenure, financing up to RM250,000. Exclusive profit rate from when you apply with RinggitPlus.
  9. Bank Rakyat Low Income Loan
  10. Bank Rakyat Personal Financing-i Public offers up to RM200,000 for maximum 10 years tenure. Repay your low income financing over competitive floating profit rates.

Personal Loan for Low Income Interest Rate 2019

Bank Min. Monthly Income Max. Loan Amount Interest/Profit Rate (p.a.) Loan Tenure
Bank Rakyat RM1,000 RM200,000 3.70% - 4.24% 12-120 months
UKHWAH RM1,500 RM250,000 4.35% - 4.99% 24-120 months
AmBank RM1,500 RM200,000 4.35% 24-120 months
BSN RM1,500 RM200,000 4.6% - 4.75% 24-120 months
KOBETA RM1,500 RM250,000 4.99% 24-120 months
Affin Islamic RM1,500 RM150,000 5.5% 24-120 months
Agrobank RM1,000 RM200,000 6.45% - 6.95% 12-120 months
Yayasan Ihsan Rakyat RM1,500 RM150,000 6.99% - 9.99% 12-120 months
AEON RM1,500 RM100,000 7.92% - 14.4% 6-84 months
RHB Easy RM1,500 RM150,000 8.31% - 13.47% 12-84 months


Documents for Applying for Low Income Personal Loans

In general, here are the things that you need to prepare to apply for low income personal loans:

Salaried Employee:

  • Copy of MyKad or Passport
  • Latest 3-months or 6-months salary slip (depending on the banks)
  • Latest 6-months EPF statement
  • Latest Form BE or e-Form BE, with valid tax payment receipt
  • Latest EA Form


  • Copy of MyKad or Passport
  • Business Registration Certificate
  • Latest 3-months or 6-months company’s bank statements
  • Latest Form BE or e-Form BE, with valid tax payment receipt
  • Latest 6-months commission statements and bank statements (for commission earner)

How to Increase the Approval Rate of Low Income Personal Loans

Show the banks that you’re trustworthy by providing original documents, especially your address. Please take note that some Personal Financings require you to take out a Takaful plan in case you got into unfortunate events, resulting in you unable to repay the financing.