Malaysian Baking Institute

GoBear – Personal Loans dilemma: Top 3 personal loans

Top 3 personal loans you should know this month

They’ve said it before, but it bears repeating; GoBear Malaysia doesn’t believe in the ‘best’ anything. I don’t either.

Each person’s requirements are different, so what’s ‘better’ for you may be ‘worse’ for someone else. As a result, GoBear design their comparison services to showcase the right option for anyone, taking into account individual’s unique circumstances.

Having said that, they do believe that there are products (in this case, personal loans) out there that should be showcased due to one feature or another, as compared to other similar products. While highly regulated by Bank Negara, the personal loan business is pretty competitive, so there are plenty of differentiating factors the various lenders can work on to customize a loan package for you. The most common factors include the loan application process and the interest or profit rate.

Below are just 3 of the top personal loans that GoBear think you should know about if you’re contemplating a small loan.

I’m reading them as well, for is has come to a point that I would need financial boost for my home-based food business.
Yes, I’ve taken skill building courses and I’m looking into renting a central kitchen soon!


GoBear had listed 3 and I’ll go along with the recommendations for now since I have no time to do further homework.

At the very top of the list is Alliance Bank with an attractive 4.99% interest CashFirst Personal Loan.

While GoBear Malaysia’s comparison services are entirely unbiased (they tell you the good, the bad and the ugly about every single product as they understand it), it should come as no surprise that their partners do have special promos and deals exclusively for their visitors and users, and they do highlight them from time to time.


Alliance Bank’s CashFirst Personal Loan


This is one of those promos. Until the end of the month (30th June 2017), and only for people who apply through GoBear Malaysia, Alliance Bank is offering an incredible interest rate of 4.99% p.a. on all loans with a repayment period of up to 2 years (24 months). If you had a look around, you’d find out that this interest rate is one of the lowest out there. Now, it is true Alliance Bank levies a processing fee and stamp duty, as do many other lenders. Your loan will be approved within 24 hours (or 1 working day, generally speaking).

Gobear Alliance personal loan - rebecca saw


HSBC – 7% p.a. Personal Loan


HSBC Amanah Personal Financing-i is an unsecured loan product, which means that you don’t have to put up any assets as collateral, or a guarantee that will be taken by the bank in lieu of payment. As an Islamic product, HSBC Amanah requires that you not use the Personal Financing-i loan for anything that goes against Shariah principles. Other than that, you can use it as you choose. And with a maximum loan amount of RM150,000 and up to 7 years to repay it, there are a lot of ways you can use it, for both business and personal reasons. We should also mention that HSBC is one of the few lenders around to offer secured loan products as well.


RHB – Fast approval loans


Do you need that personal loan really, really quickly? Then Easy Loan by RHB fast (and we mean fast) approval loans are for you. How about 10 minutes for your application, from start to end? That’s right, in less than half an hour, provided you had all the appropriate documentation required, you can walk out with your personal loan. Now that’s quick.

Gobear RHB personal loan

Do you need more information to make up your mind, or are the three products highlighted above not really for you? Well, mosey on down to GoBear Malaysia’s personal loan comparison site and choose the right one for you!

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