First N Ever Personal Financing
Quick online financing with First N Ever Personal Financing
Calculate your monthly repayment
Fees and Charges
Eligibility
- Only open to individuals who either live or work in the Klang Valley or Johor area
- Salaried employee
- Self-employed
- Not declared bankrupt
- Copy of your IC (front and back)
- Latest 3 months salary slips
- Latest 3 months bank statement (from salary crediting account)
- Latest EPF statement or BE Form
- Original utility bill receipts i.e. electricity or water bills, etc.
- Copy of identity card (front & back)
- Latest 3 months salary slip
- Latest 3 months bank statement (with salary being credited)
- Latest B/BE Form with official tax receipt
- Original utility bill receipts such as electricity, water bills, etc.
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Interest Rate |
|---|---|---|---|
| RM 5,000 - RM 300,000 | 6 - 36 months | min. RM 48,000 | 12.00% p.a. - 18.00% p.a. |
Features
Interest rates from 12% to 18% per annum
No collateral is required to make an application
Fast approval, within 3 to 5 working days, subject to credit profile assessment
Seamless online loan application
Product Review by CompareHero
(Last updated: 28 August 2026)
What is First N Ever Personal Financing?
This is unsecured personal financing, meaning no collateral is needed to apply. First N Ever Financial Services Sdn. Bhd. is a licensed moneylender and credit community registered with KPKT (KPKT License No: WL7285/10/01-4/040927), with over 20 years of experience providing financial assistance to Malaysians.
How much can be borrowed and what is the interest rate?
You can borrow between RM5,000 and RM300,000 with First N Ever Personal Financing, over tenures of 6 months to 36 months (3 years).
First N Ever calculates its financing on a flat-rate basis (12% to 18% per annum), so interest is calculated on the full principal for the entire tenure rather than on the reducing balance as you pay it down.
Formula: I = (P + P×R×T)/M
Where:
P = Principal Loan Amount (e.g. RM20,000.00)
R = Annual Flat Interest Rate (18% / 0.18)
T = Loan Tenure in years (e.g. 3)
M = Total Repayment Period in months (e.g. 36)
For example, at the lowest rate of 12% per annum, a RM300,000 loan over 36 months results in RM108,000 in total interest, bringing the total repayment to RM408,000, or RM11,333.33 per month. If your approved rate is at the higher end of 18% per annum, the same loan would generate RM162,000 in interest, resulting in a total repayment of RM462,000, or RM12,833.33 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 12%-18% range. Note that the Effective Interest Rate (EIR) changes with tenure, so a different financing tenure will produce a different EIR.
| Tenure | EIR at 12% p.a. flat | EIR at 18% p.a. flat |
| 6 months | 20.29% p.a. | 30.23% p.a. |
| 12 months | 21.46% p.a. | 31.72% p.a. |
| 24 months | 21.57% p.a. | 31.46% p.a. |
| 36 months | 21.20% p.a. | 30.59% p.a. |
What fees or charges apply?
A Stamp Duty Fee will be charged, in accordance with the Stamp Duty Act 1949 (Revised 1989). First N Ever does not charge any advance instalment fee or security deposit before the financing application is processed.
What happens if a monthly instalment isn't repaid?
A late payment fee may apply, limited to compensation for actual loss incurred. Penalty fees on default are restricted under the Moneylenders Act 1951.
How fast is the financing disbursed after approval?
Approval doesn't mean the funds arrive immediately.
Once approved, the financing amount is typically disbursed within 3 to 5 working days, subject to the applicant's eligibility and First N Ever's underwriting requirements.
Who is eligible to apply for First N Ever Personal Financing?
Eligibility is based on age, income, and location.
- Working or self-employed Malaysians aged 21 to 60.
- Not declared bankrupt.
- Minimum annual income of RM48,000, or RM4,000 a month.
- Must currently live or work in Klang Valley or Johor, regardless of home state.
What documents are required to apply?
A standard set of documents needs to be submitted with the application.
- Copy of identity card (front and back)
- Latest 3 months' salary slips
- Latest 3 months' bank statements from the salary-crediting account
- Latest EPF statement or BE Form
- Original utility bill receipts (electricity, water, etc.)