Debt Consolidation Plans in
Malaysia (with a Case Manager)
A Smarter, Safer Way to Borrow
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01
AI-Powered Match
In 5 minutes, our AI scans thousands of loan options from licensed lenders to find the best match for you.
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02
Human Expert Review
A dedicated expert reviews your AI match to ensure every detail is correct and answers your questions.
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03
Drawdown
Finalize your loan with transparent terms and a guided process.
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04
Case Manager Support
After drawdown, your dedicated Case Manager helps you manage payments and looks for new offers.
A Fairer Process for All Malaysians
Debt Consolidation is designed for Malaysians who want to simplify their monthly commitments and regain financial control:
Multiple Credit Card Users
High-interest credit card balances are hard to track. Consolidating them into one loan avoids late fees and gives peace of mind.
Borrowers with Several Personal Loans
Juggling multiple repayment dates is stressful. One consolidated loan makes repayment simpler and clearer.
Civil Servants & Salaried Workers
Many lenders offer special packages for government employees with lower rates. Our AI ensures you see the best options instantly.
Borrowers with Lower Credit Scores
Traditional platforms reject them outright. Our Hybrid AI + Human review ensures your case is fairly evaluated before decisions are made.
Self-Employed & Gig Workers
Income from Grab, delivery, or online sales may confuse automated systems. Our human experts step in to ensure fairer approval chances.
How Debt Consolidation in Malaysia Can Give You a Fresh Start
Feeling overwhelmed by multiple monthly payments? Juggling balances from credit cards, personal loans, and "Buy Now Pay Later" (BNPL) schemes is a major source of stress for many Malaysians. This is where debt consolidation comes in.
What is a Personal Loan?
A personal loan (pinjaman peribadi) is a lump-sum amount of money borrowed from a bank, fintech or credit co-op that is repaid in fixed monthly payments over a set period of time.
Personal loans are typically used for:
- Debt consolidation: Combining multiple high-interest debts into one lower-interest loan.
- Emergency expenses: Covering unexpected financial needs like medical bills or urgent home repairs.
- Major Purchases: Funding renovations, weddings, or business investments.
Who is Debt Consolidation For?
This is a powerful financial tool for Malaysians who:
- Are struggling to track multiple due dates and are sometimes hit with late fees.
- Are paying high interest (like 18-20% p.a.) on credit card balances and are only able to pay the minimum.
- Have a total debt amount that is high, but still have a stable income (CSR) to make one consolidated payment.
- Are stressed and want to regain control of their finances.
What About AKPK?
The Agensi Kaunseling dan Pengurusan Kredit (AKPK) is an excellent agency set
up by Bank
Negara Malaysia. Their Debt Management Programme (DMP) is a form of debt consolidation where
they
negotiate with banks on your behalf. This is a great option for those who are in serious
financial
distress.
Our service provides a private-sector solution for those who want to manage
their
consolidation through a structured loan often before the situation becomes severe enough for
AKPK. We help
you find the best consolidation loan from licensed lenders, and our Case Managers provide
the post-loan
support to help you stay on track with your new, single payment.
What Documents Do I Need to Apply?
Being prepared is the key to fast approval. While it varies by lender, you will almost always need:
Proof of Identity
A clear copy of your NRIC (MyKad).
Proof of Income
(Salaried
Employee)
- Latest 3-6 months' salary slips.
- Latest 3-6 months' bank statements (showing salary credit).
- Latest EPF (KWSP) statement.
Proof of
Income
(Self-Employed)
- Business Registration (SSM) documents.
- Latest 6-12 months' business bank statements.
- Latest Borang B or Borang BE (LHDN income tax return).
Additional Requirements
- Proof of address (utility bill, etc.).
- Credit report (optional but recommended).
- Debt consolidation plan details.
Service Providers
We match you with
Banks
offering conventional personal loans with competitive interest rates.
Islamic Banks
providing Shariah-compliant consolidation financing-i.
Licensed Moneylenders (KPKT-Approved)
for faster approvals or flexible conditions.
Each lender is fully licensed and regulated under BNM or KPKT, ensuring you are always protected.
Loan Repayment Calculator
Payment Calculator
See How Much You Can Save
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Input
- Total outstanding debts, tenure, interest/profit rate.
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Output
- Monthly repayment under consolidation vs. current.
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Example Comparison
- Before Consolidation (6 accounts, RM3,200/month) ? After Consolidation (1 account, RM1,950/month).
Note: Calculator provides estimates. Final terms depend on the lender.
Eligibility
General requirements for debt consolidation in Malaysia
Age:
- 21-60 years old.
Income:
- From RM2,000/month (varies by lender).
Employment:
- Civil servants, private employees, self-employed, or gig workers.
Documents required:
- MyKad (NRIC)
- 3 months salary slips
- 3-6 months bank statements
- EPF statement / employment letter
- Statements of existing debts (credit cards, loans)
How to Apply
Getting a personal loan with us is simple and transparent:
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1 Start Your EnquiryFill in our enquiry form or chat with us via WhatsApp/AI chatbot.
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2 Smart MatchingOur AI engine matches your case with the most suitable consolidation lenders.
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3 Human Expert ReviewOur human experts review borderline cases for fairness.
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4 Confirm Your ChoiceChoose your preferred option, and we collect supporting documents.
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5 Approval & DrawdownApproval granted ? old debts cleared ? you now have one new loan.
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6 Ongoing Support With Case ManagerA Case Manager is assigned to monitor your journey and provide early advice.
FAQ (Debt Consolidation Focus)
What is debt consolidation?
It combines multiple debts (credit cards, personal loans, BNPL) into one loan with one monthly repayment.
What are the benefits?
Lower monthly repayment, reduced interest rate, single payment date, less stress, and potential to clear debt faster.
Will this improve my credit score?
Yes — consolidating and making regular on-time payments can significantly improve your credit score over time. Our Case Managers also guide you on best practices.