Adacash Personal Loan
With Adacash, you can apply for financing online quickly and easily. Just provide a valid IC to get started and get a quick decision.
Fees and Charges
Eligibility
- Anyone
- A copy of your IC (both sides)
- A valid bank account number under your name
- A copy of your IC (both sides)
- A valid bank account number under your name
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Interest Rate |
|---|---|---|---|
| RM 500 - RM 5,000 | 3 - 6 months | min. RM 12,000 | 18.00% p.a. |
Product Review by CompareHero
(Last updated: 1 September 2026)
What is an Adacash Personal Loan?
Adacash, operated by Rock Wing Capital Sdn Bhd (Registration number: 1398566X/202001042245), is a KPKT-licensed moneylender (WL7787/14/01-3/210327) that offers personal loans. Borrowers need a valid IC or MyKad and an active local bank account to apply.
How much can I borrow?
New customers can borrow between RM500 and RM2,000, with a loan tenure of up to 3 months. The fixed interest rate is 18% per year.
If you are a repeat customer, you may be offered up to RM5,000 with a loan tenure of up to 6 months. The loan amount and tenure depend on Adacash’s assessment of your previous credit history.
What is the interest rate and how is the instalment calculated?
Adacash charges 18% per annum on a fixed, flat rate. This means interest is calculated on the full principal for the entire loan period, not on the decreasing balance as you make repayments.
Formula: I = (P + P×R×T)/M
Where:
P = Principal Loan Amount (e.g., RM 5,000.00)
R = Annual Flat Interest Rate (18% / 0.18)
T = Loan Tenure in YEARS (e.g., 2)
M = Total Repayment Period in Months (e.g., 24)
For example, if you borrow RM5,000 over 6 months, the total interest is RM450, so the total repayment is RM5,450, or RM908.33 per month. This calculation does not include fees. Your actual monthly repayment will vary slightly once stamp duty and other charges are added.
Since flat-rate interest is charged on the full principal throughout the tenure, the true annual cost is higher than the stated 18%. Note that the Effective Interest Rate (EIR) changes with tenure, so a different loan tenure will produce a different EIR.
- 3 months: 26.80% p.a.
- 4 months: 28.47% p.a.
- 5 months: 29.52% p.a.
- 6 months: 30.23% p.a.
What fees do I need to pay?
If you miss a repayment, you may be charged a late payment penalty of 8% per year. This is calculated daily from the date of default until the outstanding amount is paid. Late payment penalties are subject to the limits set under the Moneylenders Act 1951. You will also need to pay for Stamp Duty, as per the Stamp Duty Act 1949 (Revised 1989).
Can I repay the loan early?
Yes. You can pay off your loan early without an early settlement penalty or additional charges.
If you need help with early repayment, you can contact Adacash directly.
How long does loan approval take?
If you meet the eligibility requirements and pass Adacash’s credit assessment, your loan may be approved and paid into your bank account within 1 working day.
According to Adacash, applications made at night will be processed on the next business day.
Who can apply?
You can apply if you:
- Are a Malaysian citizen aged 21 to 70
- Earn at least RM1,000 per month
- Have an active local bank account
You will need to provide:
- Your IC (front and back)
- Your local bank account details
Need help?
If you have any questions about the application, contact Adacash at 03-6043 0999 or [email protected], Monday to Friday, 9am to 6pm.
- Address: D-18-3A, Menara Suezcap 1, Gateway No. 2, Jalan Kerinchi, Gerbang Kerinchi Lestari, 59200 Kuala Lumpur.
- License No.: WL7787/14/01-3/210327
- Advertisement Permit No.: WP7787/14/01-3/210327
Rock Wing Capital Sdn Bhd (Registration number: 1398566X/ 202001042245)