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

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Compare Personal Loans by JCL Malaysia

About the loan

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JCL i-FUND Personal Financing

Features

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promotion
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    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
    • Enjoy profit rates as low as 18.00% p.a.  – 20.00% p.a.
    • Fast approval within 3 working days
    • No early settlement fees
    • Simple documents requirement
    • Financing amount from RM500 – RM10,000
    • Financing tenure from 6 – 60 months


    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.