IVC Personal Loan
Unsecured financing of up to RM100,000, with tenures of up to 5 years.
Calculate your monthly repayment
Fees and Charges
Eligibility
- Individuals residing in Klang Valley only
- Salaried employee
- Self-employed
- A copy of your IC (both sides)
- Latest 3 months salary slip
- Latest 3 months bank statement (with salary being credited)
- Latest B/BE Form with official tax receipt
- Latest EPF statement
- Original utility bill receipts such as electricity, water bills, etc.
- A copy of your IC (both sides)
- Latest 3 months bank statements
- Original utility bill receipts such as electricity, water bills, etc.
- Latest 6 months EPF statement
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Interest Rate |
|---|---|---|---|
| RM 5,000 - RM 100,000 | 12 - 60 months | min. RM 36,000 | 13.00% p.a. - 18.00% p.a. |
Product Review by CompareHero
(Last updated: 28 August 2026)
What is the IVC Personal Loan?
IVC Personal Loan is offered by Icon Venture Capital Sdn Bhd (Registration No.: 201701032573 (1246743-K)), a KPKT-licensed moneylender (WL7084/14/01-5/300428) under the Moneylenders Act 1951. It's aimed at borrowers who may have trouble getting a loan from a bank.
How much can be borrowed and what is the interest rate?
You can borrow from RM5,000 to RM100,000 over tenures of 12 to 60 months (5 years) for personal consumption or other needs.
IVC calculates interest at a flat rate of 13% to 18% per annum, so interest is charged on the full principal for the entire tenure rather than on a reducing-balance basis.
Formula: I = (P + P×R×T)/M
Where:
P = Principal Financing Amount (e.g. RM20,000.00)
R = Annual Flat Interest Rate (18% / 0.18)
T = Financing Tenure in years (e.g. 5)
M = Total Repayment Period in months (e.g. 60)
For example, at the lowest advertised rate of 13% p.a., a RM100,000 loan over 60 months works out to RM65,000 in total interest, bringing your total repayment to RM165,000, or RM2,750 per month. At the higher end of 18% p.a., the same loan costs RM90,000 in interest, with a total repayment of RM190,000, or RM3,166.67 per month. This calculation does not include fees. Your actual monthly repayment will vary slightly once stamp duty and other charges are added.
Because interest is calculated on the full principal for the whole tenure, your Effective Interest Rate (EIR) will be higher than the stated rate of 13%-18%. Note that EIR changes with tenure, so a different loan tenure will produce a different EIR.
| Tenure | EIR at 13% p.a. flat | EIR at 18% p.a. flat |
| 12 months | 23.19% p.a. | 31.72% p.a. |
| 24 months | 23.26% p.a. | 31.46% p.a. |
| 36 months | 22.81% p.a. | 30.59% p.a. |
| 48 months | 22.30% p.a. | 29.70% p.a. |
| 60 months | 21.79% p.a. | 28.88% p.a. |
How long does approval take?
Approval and disbursement follow a set process once documents are submitted.
Applications are processed within 5 to 7 working days, once all required documents have been submitted. Once a Letter of Offer is issued, the approved amount can be paid out by bank transfer or cheque.
How are monthly instalments repaid?
Repayment starts a month after disbursement and continues on a fixed schedule.
Payments can be made via internet banking with any licensed bank in Malaysia, via cash deposit machines, or by cheque. The first monthly payment is due 30 days after the loan is fully disbursed and continues monthly until the end of the tenure.
Late payments may incur a penalty fee, limited to covering the actual loss incurred, as set out in the Moneylenders Act 1951. If a borrower defaults, Icon Venture sends a Letter of Demand.
Who is eligible to apply?
Eligibility depends on age, income, and where the applicant lives.
- Aged 18 to 60
- Malaysian citizen
- Living in Klang Valley only
- Salaried employee or self-employed
- Minimum annual income of RM36,000
What documents are required?
A standard set of documents needs to be submitted with the application.
- Application form
- Copy of IC (both sides)
- Latest 3 months' salary slips or pay slips
- Latest 3 months' bank statements
- Latest EPF statement or Tax Declaration Form (BE Form)
- Utility bill (electricity, water, etc.)
- Proof of address, such as a home or internet bill, bank letter, or tenancy agreement