Financier And Money Lender Companies in Malaysia

There are many financial institutions in Malaysia that offer money lending services. These include banks, licensed moneylenders, and pawnbrokers.

Banks in Malaysia offer personal loans and credit lines to individuals and businesses. The interest rates and terms of these loans vary depending on the bank and the borrower’s creditworthiness.

Licensed moneylenders are regulated by the Malaysian government and can only charge up to 18% interest per year. These moneylenders typically offer loans with shorter repayment terms than banks.

Pawnbrokers are another option for borrowing money. These businesses offer loans using personal belongings as collateral. The interest rates charged by pawnbrokers are typically higher than those charged by banks or licensed moneylenders.