Metro Pinjaman Berlesen
Personal Loan
Review the flat interest rate, maximum APR, financed charges and representative example before making an enquiry.
Metro Pinjaman Berlesen
Personal loan costs
Review the repayment terms, maximum APR, fees and representative example before applying.
Personal-loan amount
Personal loans range from RM500 to RM100,000, with repayment periods from 6 to 60 months. Secured and unsecured options are available, subject to credit assessment and approval.
Minimum and maximum repayment period
Minimum repayment period: 6 months. Maximum repayment period: 60 months. Terms are subject to credit assessment and approval.
Maximum APR — unsecured loans
The maximum Annual Percentage Rate (APR) is 18%, including interest and applicable fees, for unsecured personal and business loans.
Unsecured personal and business loans
Flat interest rates for unsecured personal and business loans start from 8% per annum, subject to credit assessment and approval. Approved flat interest rates and repayment terms must meet the maximum APR ceiling. Your quotation will disclose the approved rate, financed charges, repayment schedule and total repayment.
Secured loans
Flat interest rates for secured loans start from 4% per annum, subject to credit assessment and approval. The maximum annual interest rate is 12%. Your quotation will disclose applicable charges, APR, repayment terms and total repayment.
For an unsecured personal loan providing RM5,000.00 cash received over 12 months, RM30.00 stamp duty is added to the financed balance, bringing it to RM5,030.00. At 8% flat interest per annum, total interest is RM402.40. Repayments are 12 monthly instalments of RM452.70, totalling RM5,432.40. The first instalment is due 30 days after disbursement, followed by monthly repayments. Actual loan terms are subject to credit assessment and approval.
Representative example — unsecured personal loan
- Cash received
- RM5,000.00
- Term
- 12 months
- Stamp duty
- RM5 per RM1,000 or part thereof, based on the applicable assessed agreement amount. Stamp duty financed in this example: RM30.00.
- Legal / witnessing charge
- RM0
- Financed balance
- RM5,030.00
- Interest calculation base
- The entire financed balance: RM5,030.00
- Interest calculation
- RM402.40
- 12 instalments
- 12 × RM452.70
- Total repaid
- RM5,432.40
- Total borrowing cost
- Total borrowing cost: RM432.40. Other specified fees: RM0.
- Fees and financed costs
- Legal/witnessing, application, processing/administration and early-settlement fees are RM0. Stamp duty is added to the financed balance rather than deducted from the cash received. Interest is calculated on the entire financed balance.