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

About Underqualified Loan

If you need a loan quickly, it can be a struggle to gather all the necessary paperwork and documentations, especially if you are young, have limited credit history, or have no credit history. There are many reasons that you may be underqualified for a loan besides this though –in some cases, if you are self-employed, you have no support documents to prove your income.

If you cannot prove your income, have no credit score whatsoever, or have no support documentation, it is very likely you will be rejected by banks when you apply for any typeof loan –be it automobile loans, mortgages, or personal loans.

This is where we come in. We are not affiliated with the banks, and we are willing to take greater credit risks by approving loans for people who are underqualified for a bank loan.

Eligibility

Photocopies of Identity Card & Driving Licence

Latest Salary Slips

Job Confirmation Letter

Utility Bills

Latest Bank Statement

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.