Within a year
RM 851.50 per month 12 months · 4% annualTotal payable RM 10,218.00. The shortest tenor also has the lowest rate.
Malaysia · Personal loan
See the amount and the rate before you apply.
RM 500 to RM 500,000, from 3 months to 7 years. A shorter tenure has a lower annual rate. Staff review the file first. An application is not approved automatically, and money is not sent to the bank account automatically.
- Staff review every file
- No automatic approval
- Company bears the fees
AmountRM 500 – 500,000
Tenor3 months – 7 years
Annual rate4% – 10%
Worked examples
The same RM 10,000, three different tenors.
These three rows use the same formula as the app. Each instalment is rounded to the sen. The figure in the app follows the amount you choose.
Principal in these three examplesRM 10,000
Three years
RM 304.22 per month 36 months · 6% annualTotal payable RM 10,951.92. The instalment falls, and the interest rises.
Seven years
RM 166.01 per month 84 months · 10% annualTotal payable RM 13,944.84. The instalment is lowest, and the rate is highest.
Application
Four steps.
- 01
Download and register
Register with a mobile number and a password. Applicants must be 18 or older. Staff can see the number, and cannot approve yet.
- 02
Fill in the file
Identity card, address, bank account, company address, income, and three emergency contacts. You choose the documents yourself.
- 03
Wait for review
The status stays in review. Staff check the documents, then approve, reject, or record an adjustment.
- 04
Read the result
The result returns to the app. Approval does not mean the money has arrived. Account, admin, extra, and agreement fees are borne by the company.
Schedule
The annual rate follows the tenor.
This is a reducing-balance annual rate. The monthly rate is the annual rate divided by 12. Tenors of 3 to 12 months are 4%, then one point is added for each further year.
| Tenor | Annual rate |
|---|---|
| 3 – 12 months | 4% |
| After 1 year – 2 years | 5% |
| After 2 years – 3 years | 6% |
| After 3 years – 4 years | 7% |
| After 4 years – 5 years | 8% |
| After 5 years – 6 years | 9% |
| After 6 years – 7 years | 10% |
On your phone
Download the app to your phone
Android downloads an install file. On iPhone, open this page in Safari and add it to the Home Screen. Apple does not allow a loose install file.
Android
- Download the Android install file in Chrome. Do not download it inside WeChat.
- If Chrome says the file may be harmful, tap Download anyway. Wait until the file is about 60 MB.
- Delete any earlier file that failed to install, then open the new one and allow installation.
iPhone
- Open this page in Safari and tap “Open MYK Capital on iPhone”.
- Tap the Share button at the bottom.
- Choose Add to Home Screen, then open MYK Capital from the Home Screen.
Before you apply
Read this before you apply.
Is an application approved as soon as it is submitted?
No. Once the documents are in, the status is in review. Staff check the identity card, statements, and income before approving, rejecting, or recording an adjustment.
Are fees deducted from the loan?
Account, admin, extra, and agreement fees are borne by the company. They are not deducted from the loan and are not charged to the customer. The company buys the name report. Nothing is charged to Touch ’n Go automatically.
When does the money arrive after approval?
Approval means the application passed review. The money is not transferred automatically to the bank account you entered. Timing follows the later arrangement by staff.
What do I need?
A Malaysian mobile number, age 18 or older, both sides of the identity card, a bank account, a company address, income, and three emergency contacts. Choose the bank statement, payslip, KWSP, and utility bill yourself. The app does not read the address book or location history.