Free RM25Calculate how much you can save by consolidating high-interest debts into one lower-rate loan
Max: RM 100,000 | Up to 5 years
Fee amount: RM 350
RM 239
Save RM 2,867 per year
| Current | Consolidated | Savings | |
|---|---|---|---|
| Monthly Payment | RM 950 | RM 711 | +RM 239 |
| Average Interest | 12.29% | 4.38% | -7.91% |
| Total Interest | RM 9,800 | RM 7,665 | +RM 2,135 |
| Time to Debt-Free | ~7 years | 5 years | - |
Credit Card
RM 15,000 @ 18%
Personal Loan
RM 20,000 @ 8%
New Consolidated Loan
RM 35,000 @ 4.38%
Debt consolidation is RECOMMENDED! You'll save RM 2,135 over the loan period.
Compare offers from 10+ banks. Free consultation.
| Bank | Interest Rate | Max Amount | Max Tenure | Notes |
|---|---|---|---|---|
| CIMB Cash Plus | 4.38% p.a. | RM 100,000 | 5 years | Lowest rate |
| Bank Rakyat | 4.50% p.a. | RM 200,000 | 10 years | Members only |
| Maybank Personal Loan | 5.00% p.a. | RM 150,000 | 7 years | |
| Public Bank | 5.50% p.a. | RM 150,000 | 7 years | |
| RHB | 5.88% p.a. | RM 150,000 | 7 years | |
| Hong Leong | 6.00% p.a. | RM 100,000 | 5 years | |
| AmBank | 6.50% p.a. | RM 150,000 | 7 years | |
| Alliance Bank | 6.88% p.a. | RM 100,000 | 5 years | |
| AEON Credit | 12.00% p.a. | RM 50,000 | 5 years | Easier approval |
| Credit Cards | 15-18% p.a. | - | Revolving | Highest rate - avoid! |
* Rates are indicative and subject to credit assessment. January 2026
Personal loan refinancing (also called debt consolidation) means combining multiple high-interest debts into a single loan with a lower interest rate. This helps you:
Common debts people consolidate: Credit card balances (15-18% interest), multiple personal loans, BNPL (Buy Now Pay Later) debts, and car loans with high interest.
Amount, rate, monthly payment for each
Via CTOS or CCRIS - affects approval & rate
Use our calculator above to find savings
Choose bank with lowest rate you qualify for
Use new loan funds immediately
Avoid new debt - this is the most important step
They're similar. Refinancing usually means replacing ONE loan with a better one. Debt consolidation means combining MULTIPLE debts into one loan.
Short-term, there's a small dip from the credit check. Long-term, it can improve your score if you make timely payments.
It's harder, but some lenders like AEON Credit have easier approval. Rates will be higher though.
Usually not worth it for debts under RM5,000 total. The processing fee may outweigh savings.
They remain open unless you close them. Be careful not to rack up new debt!
0% balance transfer is great short-term, but usually only 6-12 months. Consolidation loan is better for larger amounts needing longer repayment.
Plus RM25 free and 50% OFF fees for 30 days when you sign up with code 4G4TEP.
Monthly DCA → RM1M at 8% p.a.
| Monthly | 10 yrs | 20 yrs | 30 yrs |
|---|---|---|---|
| RM300/mo | RM55k | RM177k | RM449k |
| RM500/mo | RM91k | RM297k | RM749k |
| RM670/mo | RM122k | RM397k | RM1.0M |
Use code 4G4TEP · Min. RM100 deposit · Offer expires 29 May 2026 · T&Cs apply
