Rates transparency
Honest rates. No hidden fees.
We publish actual rate ranges — not just 'from as low as'. See exactly what you'd pay for every loan size and tenure, plus every fee you might encounter.
Rate types explained
Know what you're comparing
Malaysian lenders quote rates in three different ways. Here's the difference, in plain language.
Flat rate
Interest is charged on the original principal for the entire tenure. Easy to compute, but looks cheaper than it is.
Example · RM 10,000 at 7% flat for 3 years = RM 700/year interest = RM 2,100 total interest.
Reducing balance
Interest is charged only on the remaining balance each month. Most Malaysian personal loans use a form of this.
Example · RM 10,000 at ~13% reducing balance = roughly the same monthly payment as 7% flat.
Effective Interest Rate (EIR)
The true annual cost including fees and compounding — the apples-to-apples number BNM recommends you compare.
Example · A '7% flat' 3-year loan is roughly 12-13% EIR. Always ask for the EIR before signing.
Current rate ranges
What you'd actually pay
Below are MyTrustCredit's real rate ranges — based on the typical Malaysian borrower profile (income RM 3,000-5,000, stable employment, clean CCRIS).
| Loan amount | Tenure | Rate (flat) | Est. monthly | Total repayable |
|---|---|---|---|---|
| RM 500 | 6 mo | 8% | RM 87 | RM 520 |
| RM 1,000 | 12 mo | 8% | RM 90 | RM 1,080 |
| RM 5,000 | 12 mo | 6% | RM 442 | RM 5,300 |
| RM 5,000 | 24 mo | 7% | RM 238 | RM 5,700 |
| RM 10,000 | 24 mo | 7% | RM 475 | RM 11,400 |
| RM 10,000 | 36 mo | 7% | RM 336 | RM 12,100 |
| RM 20,000 | 36 mo | 6% | RM 656 | RM 23,600 |
| RM 20,000 | 60 mo | 6% | RM 433 | RM 26,000 |
Rates shown are indicative flat rates. EIR is typically 1.8x the flat rate. Actual rate depends on your profile and our underwriting decision.
Fees you might pay
Every fee, disclosed
We believe in full fee transparency — here's everything you could encounter, with realistic ringgit examples.
Processing fee (1-2%)
One-time, deducted from disbursed amount. Set by MyTrustCredit within KPKT caps and disclosed in your Letter of Offer.
Example · On a RM 10,000 loan at 1.5%: RM 150 deducted. You receive RM 9,850.
Stamp duty (0.5%)
Malaysian government tax on loan agreements. Statutory — applies to every loan.
Example · On a RM 10,000 loan: RM 50. Deducted from disbursement.
Early settlement fee (1-3%)
If you repay before tenure ends. MyTrustCredit applies this under Rule of 78 — see your Letter of Offer for the exact formula.
Example · On a RM 10,000 loan at 2%: RM 200 if settled 12 months early.
Late payment fee (1% p.a. + RM 10)
KPKT-capped. Only applied to the overdue amount, not the entire outstanding.
Example · On RM 500 overdue for 30 days: roughly RM 10-15.
Rate comparison
How we stack up
Always compare rates before you borrow. Here's a rough benchmark vs common Malaysian alternatives.
MyTrustCredit direct loan
KPKT-licensed direct lender, 24h disbursement, 0.5% cashback
4% - 12% p.a. (flat)
Credit card rollover
Compounds monthly, easy to spiral if minimum payments only
15% - 18% EIR
Other lead-gen platforms
May be licensed, but may charge upfront fees
5% - 14% (varies)
Direct bank application
Comparable rates but 5-10 working day turnaround, more paperwork
4% - 10% p.a. (flat)
Unlicensed moneylender (Ah Long)
Illegal. Predatory. Never borrow from these — report to police.
10% - 30% per month
Why our rates vary
Five factors that move your rate
- 1
Your CTOS / CCRIS score
A clean record and score 700+ typically gets the best tier rate. Score 650-700 pushes you to mid-tier; below 650 limits your options.
- 2
Your income and stability
Higher income and longer tenure at the same employer reduces perceived risk. Self-employed applicants typically see rates 1-2% higher.
- 3
Loan size
Loans RM 5,000-20,000 often get better rates than small loans (RM 500-2,000), because the absolute processing cost is proportionally lower for MyTrustCredit.
- 4
Tenure you pick
Shorter tenures (6-12 months) usually have lower flat rates but higher monthly payments. Longer tenures (36-60 months) trade a higher rate for affordability.
- 5
Your risk tier at MyTrustCredit
MyTrustCredit runs a single internal pricing grid with risk tiers. Our underwriting engine places you in the best tier your profile supports — not just the cheapest advertised rate.
How BNM caps work
The regulator that keeps lenders honest
The Moneylenders Act 1951 caps the interest rate licensed moneylenders can charge at 12% p.a. for unsecured and 18% p.a. for secured loans — enforced by KPKT. Bank Negara Malaysia (BNM) sets caps on bank credit fees and maintains CCRIS. MyTrustCredit, as a KPKT-licensed moneylender, operates well within these caps. If you're ever quoted a rate above them, that's a strong sign the lender is unlicensed, and you should stop immediately.
Read the BNM consumer credit guidelinesWhen to negotiate
Three situations where you can ask for a better rate
Stable job, 3+ years at the same employer
Mention your tenure on the phone with our loan officer. Risk-based pricing rewards stability.
Long clean CCRIS / CTOS history
If you've had a clean 3-5 year loan history with no missed payments, explicitly ask our loan officer to quote MyTrustCredit's 'tier 1' or 'prime' rate.
Bigger loan amount
A RM 20,000 loan often gets a better flat rate than a RM 2,000 loan. If you're on the border between sizes, it can be worth bumping up slightly.
Quick rate estimator
Estimate your monthly in 5 seconds
Drag the slider, pick a tenure, and we'll show an estimated monthly at our median flat rate. This is indicative only — your actual rate depends on the factors above.
- Estimated flat rate
- 7% p.a. (flat)
- Estimated monthly
- RM 238
- Estimated total repayable
- RM 5,700
Estimate at median flat rate. Actual rate range is 4-12% flat depending on your profile.
Ready to see your personalised rate?
2-minute eligibility check. No CCRIS pull. See your indicative rate instantly.