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🏦 Personal Loan Comparison · Updated June 2026

Best Personal Loan Malaysia 2026 — Lowest Interest Rates Compared

Public Bank from 3.99% flat · CIMB from 4.38% flat · HSBC from 3.88% flat. Compare 6 major banks by rate, max amount and minimum salary.

Lowest EIR

GXBank FlexiCredit

6.45% EIR · Min RM1,500/mo · Revolving

Best Fixed Loan

Public Bank

Min RM1,500/mo · 3.99% flat (~7.3% EIR)

Best Civil Servant

Bank Rakyat

From 3.42% flat for gov employees

Personal Loan Interest Rates Malaysia 2026 — All Banks

Rates verified June 2026 via RinggitPlus, iMoney & official bank websites. Flat rates apply to the full original principal — effective rates are higher. Source: BNM-regulated banks.

Bank	Flat Rate	Max Amount	Max Tenure	Min Income
GXBank GX FlexiCredit (Revolving) Lowest Effective Rate	From 3.78% p.a. EIR 6.45%	RM150,000	6–60 months	RM1,500/mo Revolving credit line — pay interest on drawn amount only
HSBC Amanah Personal Financing-i Lowest Flat Rate (High Earner)	3.88% flat eff. 7.09%+	RM250,000	7 years	RM8,500/mo Min RM8,500/mo salary required
Public Bank BAE AG Personal Financing Best Fixed Loan (Low Income)	3.99% flat eff. ~7.3%	RM150,000	10 years	RM1,500/mo Fixed repayment schedule, 10-year tenure
CIMB Cash Plus Personal Loan	From 4.38% flat up to 19.88%	RM100,000	5 years	RM2,000/mo Rate varies by profile & amount
BSN MyRinggit Executive-1	From 6.00% —	RM400,000	10 years	RM3,000/mo Civil servants: from 4.60%
Maybank Personal Loan	6.50%–8.00% eff. ~11.5–14.7%	RM100,000	6 years	RM3,500/mo Lower rate for larger amounts
Bank Rakyat Personal Financing-i Private Best Civil Servant*	From 9.41% flat up to 11.97%	RM400,000	10 years	RM2,000/mo *Civil servants: from 3.42% flat

*Bank Rakyat private sector rate 9.41%. Civil servants / government employees qualify for from 3.42% flat — significantly lower. All rates are indicative; actual rate depends on creditworthiness, employment type and loan amount.

⚠️ Flat Rate vs. Effective Rate — Don't Be Misled

Malaysian banks advertise flat rates — but these are NOT the true cost of the loan. The flat rate is applied to the original principal throughout the entire tenure, even as you repay.

Flat Rate	Equivalent Effective Rate	Total Interest (RM50k / 5yr)
3.88%	~7.1%	RM9,700
3.99%	~7.3%	RM9,975
4.38%	~8.0%	RM10,950
6.50%	~11.9%	RM16,250
9.41%	~17.3%	RM23,525

Always ask your bank for the effective interest rate (EIR) or use our personal loan calculator to compare total interest costs.

Best Personal Loan by Salary Profile

📱

Best Digital Loan (All Incomes)

✅ GXBank FlexiCredit

Lowest EIR at 6.45% p.a. Min RM1,500/mo. Up to RM150,000, 6–60 months. Instant digital approval. Pay interest only on amount drawn — ideal for flexible cashflow needs.

💼

RM1,500–RM2,000 salary (Fixed Loan)

✅ Public Bank

Best traditional personal loan for low income. 3.99% flat (~7.3% EIR), min RM1,500/mo. Fixed repayment schedule, max RM150,000 over 10 years.

Calculate Instalment →

🏢

RM2,000–RM3,500 salary

✅ CIMB Cash Plus

Min income RM2,000/mo. Rates from 4.38% flat. Borrow up to RM100,000 over 5 years. Fast digital approval.

🏛️

Civil servants (government)

✅ Bank Rakyat

Government employees get from 3.42% flat — far lower than private sector rates. Max RM400,000, salary deduction via Biro Angkasa.

Calculate Instalment →

💎

RM8,500+ salary

✅ HSBC Amanah

Flat rate from 3.88% (lowest advertised). Max RM250,000 over 7 years. Shariah-compliant. Requires RM8,500/mo minimum income.

💰 Personal loan — check if you qualify

Min income RM3,000/mo · Compare Islamic & conventional

Al Rajhi Personal Financing-i

Islamic · No riba

Shariah-compliant · Fixed monthly payment · Min income RM3,000/mo

Up to RM150,000

Apply →

Alliance CashFirst Personal Loan

Conventional

Competitive rate · Fast approval · Min income RM3,000/mo

Up to RM200,000

Apply →

Alliance CashVantage Financing-i

Islamic · Alliance Bank

Shariah-compliant · Alliance Bank · Min income RM3,000/mo

Up to RM150,000

Apply →

RHB Personal Financing

Quick apply · No commitment

Fast eligibility check · Min income RM2,000/mo · No collateral

Up to RM150,000

Apply →

Via RinggitPlus · Free eligibility check · No commitment

How Much Personal Loan Can I Get by Salary?

Banks limit total monthly loan repayments to 60% of gross income (DSR ≤ 60%). Use this table as a guide — assumes no other existing loans.

Monthly Salary	Max Monthly Repayment	Est. Max Loan (5yr @ 5% flat)	Best Bank
RM1,500	RM900	~RM45,000	Public Bank
RM2,000	RM1,200	~RM60,000	CIMB Cash Plus
RM3,000	RM1,800	~RM90,000	CIMB / BSN
RM3,500	RM2,100	~RM100,000	Maybank
RM5,000	RM3,000	~RM100,000	Maybank / CIMB
RM8,500+	RM5,100	~RM250,000	HSBC Amanah

Estimates only. Actual approval depends on credit score, existing commitments and bank discretion. Use our personal loan by salary calculator for a precise calculation.

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Calculate Your Personal Loan Instalment

🏦

Public Bank Personal Loan Calculator

From 3.99% flat · Min RM1,500/mo · RM150k max

🏦

Maybank Personal Loan Calculator

6.50–8.00% · Min RM3,500/mo · RM100k max

🏛️

Bank Rakyat Personal Loan Calculator

From 3.42% for civil servants · RM400k max

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BSN Personal Loan Calculator

From 6.00% · RM400k max · 10 years

Frequently Asked Questions

What is the best personal loan in Malaysia in 2026?

The best personal loan in Malaysia in 2026 depends on your income. Public Bank is best for low-income earners (min RM1,500/mo, from 3.99% flat). CIMB Cash Plus is best overall for private sector employees (min RM2,000/mo, from 4.38% flat). Bank Rakyat is best for civil servants with government sector rates starting from 3.42% flat. HSBC Amanah offers the lowest flat rate at 3.88% but requires a minimum monthly income of RM8,500.

Which bank has the lowest personal loan interest rate in Malaysia?

HSBC Amanah Personal Financing-i advertises the lowest flat rate at 3.88% p.a. — but requires a minimum income of RM8,500/month. For those earning under RM8,500: Public Bank offers 3.99% flat (min RM1,500/mo), and CIMB Cash Plus offers from 4.38% flat (min RM2,000/mo). Note that flat rates convert to higher effective rates — a 3.99% flat rate is equivalent to approximately 7.3% effective rate.

What is the difference between flat rate and effective interest rate?

A flat rate charges interest on the original loan amount throughout the entire tenure, even as you repay principal. An effective rate (or reducing balance rate) charges interest only on the outstanding balance, which decreases each month. For example, 3.99% flat on RM50,000 over 5 years = RM9,975 total interest. The equivalent effective rate is approximately 7.3% p.a. Always compare loans using effective rates for an accurate apples-to-apples comparison.

What is the minimum salary for a personal loan in Malaysia?

Minimum salary requirements vary by bank in 2026: Public Bank (lowest) requires RM1,500/month. CIMB and Bank Rakyat Private require RM2,000/month. BSN MyRinggit Executive-1 requires RM3,000/month. Maybank requires RM3,500/month. HSBC Amanah requires RM8,500/month (premium product). Your debt service ratio (DSR) must also be below 60% — meaning total monthly loan repayments cannot exceed 60% of gross income.

How much personal loan can I get based on my salary?

Banks limit total monthly loan repayments to 60% of your gross income (DSR ≤ 60%). For example: salary RM3,000/mo → max total loan repayments RM1,800/mo. If you have no other loans, you could borrow approximately RM75,000–RM90,000 over 5 years at 5% flat. Most banks lend 10–12× your monthly salary as the loan amount. Public Bank caps at RM150,000; Bank Rakyat and BSN allow up to RM400,000 for eligible applicants.

Should I take a personal loan or use a credit card?

Personal loans are almost always cheaper than credit card debt for amounts above RM5,000. Credit card interest in Malaysia is 15–18% p.a. (reducing balance), while personal loan rates start from 3.99% flat (about 7% effective). For a RM20,000 balance: a personal loan at 5% flat over 3 years costs RM3,000 total interest vs. a credit card at 18% costing RM5,400+ in the same period. Use a personal loan to consolidate credit card debt and save significantly.