Collateral Loan - Licensed Loan Advisor
Hotline: +6016.7499.182
License No: WL7291/10/01 – 6/220916

About Collateral Loan

We provide the best collateral loan for your needs. A collateral loan is putting down an asset as collateral, in exchange for a sum of money. Also known as “secured loans,” securing a loan with an asset (home/car/land/property/watches/jewellery/gold) is considered less risky because we can take your pledged assets if you default.

There are different types of collateral that can be considered, including automobiles, real estate (including home equity), stocks, bonds, motorcycles, trucks, natural reserves such as oil and gas, and even watercraft.

Collateral loans work similarly to normal loans, where after you apply and get approved for your loan, you are to sign an agreement to repay the money over time. Once the monthly payments havebeen set and your loan is paid off, the term of your loan ends.

Eligibility

Photocopies of Identity Card & Driving Licence

Asset’s Original Certificate

Repayment Scheme

1.5% One Month (Unsecured Loan)

Total Loan 3 Months 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
1000 348.33 181.67 8.33 56.67 42.78 35.83 31.67
5000 1741.67 908.33 491.67 283.33 213.89 179.17 158.33
10000 3483.33 1816.67 983.33 566.67 427.78 358.33 316.67
50000 17416.67 9083.33 4916.67 2833.33 2138.89 1791.67 1583.33
100000 34833.33 18166.67 9833.33 5666.67 4277.78 3583.33 3166.67
500000 174166.67 90833.33 49166.67 28333.33 21388.89 17916.67 15833.33
1000000 348333.33 181666.67 98333.33 56666.67 42777.78 35833.33 31666.67

1.0% One Month (Secured Loan)

Total Loan 3 Months 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
1000 343.33 176.67 93.33 51.67 37.78 30.83 26.67
5000 1716.67 883.33 466.67 258.33 188.89 154.17 133.33
10000 3433.33 1766.67 933.33 516.67 377.78 308.33 266.67
50000 17166.67 8833.33 4666.67 2583.33 1888.89 1541.67 1333.33
100000 34333.33 17666.67 9333.33 5166.67 3777.78 3083.33 2666.67
500000 171666.67 88333.33 46666.67 25833.33 18888.89 15416.67 13333.33
1000000 343333.33 176666.67 93333.33 51666.67 37777.78 30833.33 26666.67

Terms & Conditions

Representative Annual Percentage Rate (APR) or Range:

  • maximum 18%

Fees of Loan Application:

  • Processing Fee:RM 50
  • Runner Fee:RM 50

Implications of Non-Payment:

  • Additional 1% interest rate charges if payments are late or missing.
  • No legal consequences if payments are late or missing.
  • No legal actions will be taken if payments are late or missing.
  • No impact on credit score if payments are late or missing.

Renewal Policy:

  • Minimum 3 Months & Maximum 5 Years of repayment period.
  • Automatic Extension of Loan which passed the payment period.
  • Upon renewal, there will be no fees or (interest) rate changes.