Who is Head Lending?

Direct Lending is an internet consumer loan platform that aims so you can render a far greater borrowing feel so you can consumers into the Malaysia – timely, easy, safe and affordable.

We have been an enthusiastic authorised revenue associate to the civil servant Syariah compliant personal investment (Koperasi Loan) facilities began by RCE Profit Sdn Bhd (a part of one’s Bursa Malaysia listed business, RCE Capital Berhad) through Yayasan Ihsan Rakyat and you can Yayasan Dewan Perniagaan Melayu Perlis Berhad. At exactly the same time, i provide civil servant personal capital away from Co-opbank Pertama, Public Islamic Bank, Koperasi KOBETA, Koperasi KOPUTRI, Koperasi Ukhwah and other selected Greeleyville payday loans no credit check co-operatives within the Malaysia.

We and worked with well over 15 subscribed moneylenders and you can borrowing from the bank communities entered below Kementerian Perumahan dan Kerajaan Tempatan (KPKT) into the providing safe personal bank loan to help you private markets pros.

Lead Lending recently launched our very own Syariah agreeable vehicle provider capital hence allow car residents to track down capital to pay for their crucial auto solutions at the working area.

Lead Lending is a person of Cradle CIP300 financing from inside the 2019 and finished out-of Malaysian Global Innovation & Invention Centre’s (MaGIC) In the world Accelerator Programme from inside the 2017

How much cash should i acquire?How to pay back the mortgage?

For civil slave unsecured loan, according to funding vendor, you can use doing RM250,000 with flexible mortgage terms of ranging from step 1 and you will a decade. The loan is actually paid on a monthly basis via low-discretionary income write-offs processed because of the either the newest Accountant General’s Agency or the newest Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa).

Getting private sector personal bank loan, you could acquire doing RM20,100 with loan conditions ranging from 1 and yaers. You could potentially pay-off the loan monthly via Interbank GIRO (IBG), cash put, cheque put, or MEPS Atm fund import.

No, i never ever capture otherwise request anything from your people when. I earn our income compliment of payment offered physically from the financier if for example the loan is approved and you can disbursed.

Is it safer?

Direct Lending simply collaborates which have licensed and you will legitimate koperasi, registered moneylenders and you will borrowing from the bank teams. The applying procedure is 100% free for our consumers. As incorporation for the 2016, i have obtained over 1,000 5-superstars review from our users in our Google Organization Page and Fb.

Are I eligible to use?

• An effective Malaysian citizen aged ranging from 20 and you can 58 years old
• Possess a permanent job regarding the municipal markets along with at minimum 6 months regarding service
• Minimal gross monthly money out-of RM1,five-hundred

• A great Malaysian resident old anywhere between 18 and you may sixty years old
• Lowest disgusting monthly money of RM1,five hundred to possess Peninsular Malaysia and you can RM1,2 hundred having Sabah & Sarawak

No credit rating or lower credit rating can apply. Throughout cases, you should not into the bankruptcy and can afford the loan payment

How long ‘s the consumer loan app process?

It will take just moments so you’re able to complete the online application and you may see instantly if you be considered on funding. If you want that which you select, you could potentially continue the applying process. All of our software processes is one hundred% 100 % free.

As soon as we discovered all your documentation, according to resource bundle that you have applied for, you could potentially get the funding as quickly as day

What is the investment rates?

For registered moneylender and you may borrowing society personal bank loan, the rate isn’t more than 1.5% a month to have unsecured resource as the stipulated according to the Moneylenders Operate 1951

Into car solution money, profit rate is actually out-of 0.8% to 1.5% four weeks based on owner’s borrowing profile. Because the an example, for money RM500 having six payments, the full payment is RM530.4 or RM88.4 per month