Instant Urgent Fast Cash Loans in Malaysia

Nowadays, more and more people are applying for emergency cash loans for personal as well as for business purposes. For instance, some may need extra cash to help start a new business, to repair or renovate a house, or to pay for medical expenses.

Indeed, these are situations wherein you may need an instant cash loan. In this article, we will talk about how to get fast cash loans in Malaysia. Topics shall include eligibility, requirements, and places where people can apply for an urgent cash loan in the country.

Instant Urgent Fast Cash Loans in Malaysia

Guide to Instant Fast Cash Loans in Malaysia

As the name says, an instant cash loan or fast cash loan is a financial service that can be received in a short period of time — a few days, or even just a few hours! Who can avail of such loans? What are the requirements? These are the questions that we will tackle in this article… so keep on reading!


The following people may apply for an instant cash loan:

  • Malaysian citizens;
  • Foreign residents;
  • Employed or salaried workers: and
  • Self-employed or entrepreneurs.


As for the requirements, here are the documents that you need to prepare before applying for a fast cash loan. The list is slightly different between employed and self-employed applicants:

For Employed Applicants

  • MyKad/Passport;
  • Payslip for the past 3 months;
  • Bank statement for the past 3 months;
  • Latest EA or BE form with valid tax payment receipt; and
  • EPF statement for the past 6 months.

For Entrepreneurs/Self-Employed Applicants

  • MyKad/Passport;
  • Business Registration Certificate;
  • Company’s bank statements for the past 6 months; and
  • Latest BE or e-Form BE with valid tax payment receipt.

NOTE: MyKad is also known as NRIC or National Registration Identity Card. Meanwhile, the EA form is a summary of an employee’s annual compensation and mandatory contributions. Meanwhile, the BE form is a form that needs to be accomplished by a resident who has business income, be it through a sole proprietorship or a partnership.

Where to Get Instant Cash Loans

You can apply for an instant cash loan from major banks as well as licensed moneylenders in Malaysia. Let’s take a look at each option:


There are quite a number of banks that offer personal loans or fast cash loans in Malaysia. Among these are CIMB Bank, Maybank, and Public Bank Berhad. All of these banks provide loans at competitive interest rates, with flexible payment terms.

The great thing about banks is that they are usually known for their credibility or reputation. Since they have been around for quite a while, and because they are required to follow the country’s laws and regulations on banking — you can count on banks to offer safe and legitimate services.

Of course, before you get a loan from any Malaysian bank, be sure to do your research. Compare loan amounts, interest rates, repayment options, and other factors. You will surely find a bank that best suits your financial situation.

Licensed Moneylenders

Although borrowing from a bank may be considered as the “safest” option, they also tend to be the most strict. Typically, banks require more documents — and more time — to process and approve loans.

If you find it difficult to borrow from a bank, a licensed moneylender could a be a good alternative. Compared to most banks, licensed moneylenders generally feature faster approval. In most cases, they usually offer same-day loan approval. Banks, on the other hand, could take several working days!

Furthermore, licensed moneylenders are less stringent when it comes to paperwork. With most banks, aside from submitting the usual documents — you may also need to show a credit report with a high credit score. In contrast, licensed moneylenders may approve even those who have irregular incomes, or those who have low credit scores.

Finally, since licensed moneylenders are accredited by the Malaysian government, it is necessary for them to follow the country’s laws on banking at all times. This means, that you can expect complete transparency from these lenders. You don’t have to worry about any hidden costs or fees.

Where can you find licensed moneylenders in Malaysia? You can start by going online and making search. Some companies even have online calculators that can help estimate loans based on information that have provided. Another option is to ask for recommendations from families and friends regarding licensed moneylenders.

Friends and Family

Let us suppose that you tried to apply for a loan from a bank, but your application has been rejected. Then, you attempted to get a loan from a licensed moneylender, but it has rejected your application, as well. What can you do know?

As a last resort, you can consider borrowing from a close friend, or a family member. If they agree, you may be able to borrow money for a low interest rate… or even at zero interest rate!

That being said, it’s important to have a written agreement, no matter how close or how often you see your friend/family member. Make sure that the agreement contains the purpose of your loan, how much the loan amount is, the interest rate (if any), and the repayment terms (i.e. monthly installment and schedule). Both parties should sign and keep their own copies of the agreement.

The written agreement would serve as a loan contract between you and your friend/family member. Be sure to make repayments regularly and completely. This way, you can avoid any misunderstandings and protect your relationship with them. Don’t forget to say thanks, and to keep in touch with them often!


As you can see, there are several ways of getting an instant cash loan or a fast cash loan in Malaysia. Most of the major banks offer personal loans at competitive rates. Likewise, there are licensed moneylenders where you can apply for urgent cash loans.

Finally, if you are unable to get a loan from banks or licensed moneylenders — you can try borrowing from a close friend or a family member. In any case, whether you’re borrowing from a bank, a licensed moneylender, or a friend/relative… see to it that you are able to pay your loan on time! What’s more, don’t forget to do your research. Consider all possible options before you submit a loan application.

Speaking of loans, it’s important to be aware of the country’s banking practices. Check out this guide to banking for Filipinos who are currently based in Malaysia.

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