The interest rate depends on your financial profile, like your credit record, repayment habits, and loan duration (Risk-based pricing). It ranges from 6.88% to 24% per year (flat rate).
Example 1: Customers with strong credit records, good repayment habits may receive a lower interest rate.
Example 2: Returning customers with good credit and repayment history may enjoy better rates.
CashLoan’s underlying product, CIMB e-Zi Tunai is a flexible product that lets you borrow based on your needs, including small loan amounts or for shorter loan periods (tenures). This makes e-Zi Tunai more affordable with lower total interest payable compared to similar options.
Interest rate comparison example
For a RM1,000 loan over 3 weeks at 24% per year, the total charges would differ from “X Credit” Personal Financing.
| CashLoan | “X Credit” Personal Financing | |
| Loan Amount | RM1,000 | |
| Tenure |
3 weeks (based on needs) |
6 months (min. tenure) |
| Interest Rate (Flat) | 24% per annum | 18% per annum |
| Total Interest Charged | RM14 | RM90 |
| Processing Fee | No Fee | RM20 (2%) |
| Stamp Duty | Waived | RM5 (0.5%) |
| You Paid Total Fees and Charges | RM14 | RM115 |
* The calculation is for simulation purposes only. Please refer to final approved loan details during the loan acceptance stage.
By offering shorter tenures and no additional fees, CashLoan provides a cost-effective and flexible borrowing solution.