JCL Personal Loan

Founded in Dec 1996. JCL Credit Leasing Sdn Bhd is a licensed credit leasing company that has been in Malaysia for more than 10 years, with reliable office, website, social media presence and customer base. JCL provides unsecured lending services such as Personal Loan, Business Loan and Hire Purchase loan to customers, without any collateral.Your Savior Financial Help during Rainy Days. -Simple application procedures. -Cash will disbursed within 2 working days. Read more Show less

Compare Personal Loans by JCL Malaysia

About the loan

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JCL Conventional Personal Financing

Features

ongoing
promotion
-


    interest rates
    		12% p.a. - 18% p.a.
    interest rates not exceeding
    		12% p.a. (with collateral)
    interest rates not exceeding
    		18% p.a. (without collateral)
    minimum loan tenure
    		12 months or 1 year
    maximum loan tenure
    		60 months or 5 years
    minimum loan amount
    		RM 500
    maximum loan amount
    		RM 50,000
    Benefits
    • ZERO processing fee
    • ZERO early settlement penalty
    • fast approval within 3 working days
    • Simple documents requirement


    Eligibility

    • minimum monthly income - RM 1,000
    • minimum age - 18 years old
    • maximum age - 60 years old
    • citizenship - Malaysian only
    • area of residence - W.P Kuala Lumpur, Selangor, W.P Putrajaya, Negeri Sembilan

    Fees and Charges
    • processing fee - no charge
    • early settlement penalty - no charge
    • late payment fee - 8% p.a. on the outstanding amount
    • stamp duty - 0.5% on the disbursement amount
    Payment Table at 18% p.a.Monthly Instalment (RM) by Tenure
    Loan Amount (RM)1224364860
    1,000
    		98.35
    		56.65
    		42.80
    		35.85
    		31.65
    3,000
    		295.00
    		170.00
    		128.35
    		107.50
    		95.00
    5,000
    		491.65
    		293.35
    		213.90
    		179.15
    		158.35
    10,000
    		983.35
    		566.65
    		427.80
    		358.35
    		316.65
    20,000
    		1966.70
    		1,133.35
    		855.60
    		716.70
    		633.35

    Required Documents

    ApplicantsDocuments to prepare
    Salaried employee

    A copy of identity card (IC)
    Latest 3 months of salary slips
    Latest 3 months of bank statements
    Latest utility bill (water or electricity)

    Self-employed

    A copy of identity card (IC).
    Latest SSM.
    Latest 6 months of company’s bank statements.
    Latest 3 months of personal bank statements.
    Latest utility bill (water or electricity).


    Loan Process Flow

    1. Application - Apply online from our website. Get your supporting documents ready. Receive a call from one of our Customer Hero, who will guide you through the rest of the application process.
    2. Approval - Your application will be reviewed by a credit analyst from JCL. You'll receive updates on your mobile phone.
    3. Disbursal - Come to a JCL office branch near you to sign the agreement and check your bank account.

    JCL i-FUND Personal Financing

    Features

    ongoing
    promotion
    		-


      interest rates
      		18% p.a. - 20% p.a.
      interest rates not exceeding
      		18% p.a. (with collateral)
      interest rates not exceeding
      		120% p.a. (without collateral)
      minimum loan tenure
      		12 months or 1 year
      maximum loan tenure
      		60 months or 5 years
      minimum loan amount
      		RM 500
      maximum loan amount
      		RM 50,000
      Benefits
      • Shariah Compliant Financing which is based on the concept of Tawarruq
      • Fast approval within 3 working days
      • ZERO early-settlement fee
      • Minimal documentation requirementZERO processing fee


      Eligibility

      • minimum monthly gross income of RM1,000
      • minimum age - 18 years old
      • maximum age - 60 years old
      • citizenship - Malaysian only
      • area of residence - W.P Kuala Lumpur, Selangor, W.P Putrajaya, Negeri Sembilan, Perak, Pahang, Kelantan,
        Terengganu, Penang, Kedah, Perlis, Johor and Melaka
      Fees and Charges
      • Processing fee: RM 50.00
      • Stamp Duty: As per the Stamp Act 1949 (Revised 1989)
      • Wakalah Fee: RM 25.00
      • Takaful fee: RM 24.30 – RM 509.20 (“subject to Takaful Provider discretion on pricing and approval”)
      • monthly instalment calculation shown below:
      Payment Table at 18% p.a.Monthly Instalment (RM) by Tenure
      Loan Amount (RM)1224364860
      1,000
      		100.0050.0033.3325.0020.00
      3,000
      		300.00150.00
      		100.00
      		75.00
      		60.00
      5,000
      		500.00
      		250.00
      		166.67
      		125.00
      		100.00
      10,000
      		1000.00
      		500.00
      		333.33250.00
      		200.00
      20,000
      		2000.00
      		1000.00
      		666.67
      		500.00400.00

      Required Documents

      Applicants
      		Documents to prepare
      Self-employed

      A copy of identity card (IC)
      Latest 3 months of salary slips
      Latest 3 months of bank statements
      Latest utility bill (water or electricity)

      Self-employed

      A copy of identity card (IC).
      Latest SSM.
      Latest 6 months of company’s bank statements.
      Latest 3 months of personal bank statements.
      Latest utility bill (water or electricity).


      Loan Process Flow

      1. Application - Apply online from our website. Get your supporting documents ready. Receive a call from one of our Customer Hero, who will guide you through the rest of the application process.
      2. Approval - Your application will be reviewed by a credit analyst from JCL. You'll receive updates on your mobile phone.
      3. Disbursal - There will be tawarruq process before disbursement and you can fill & sign the agreement
        digitally, then email the agreement to JCL.

      What is the minimum/maximum amount that I can borrow?

      The minimum loan amount is RM 500 while the maximum loan amount is RM 50,000.

      How long is the loan tenure?

      The minimum loan tenure is 1 year, while the maximum loan tenure is 5 years.

      Is there any processing fee to apply for a JCL personal loan?

      No processing fee will be charged.

      Is there any early settlement penalty?

      There is no penalty charge if you decide to settle your loan early.

      Can a foreigner or expat working in Malaysia apply for a JCL personal loan?

      No, only Malaysians can apply for a JCL personal loan.

      How much is the minimum basic salary to qualify for a JCL personal loan?

      You need to earn a minimum income of RM 1,000 in order to qualify for a JCL personal loan.

      I'm self-employed, can I apply for a JCL personal loan?

      Yes, self-employed can apply.

      I work in the government sector, can I apply for a JCL personal loan?

      You can apply if you are a government employee, whether in a permanent or contract role.