What is the require applicant criteria to apply loan for most banks in Malaysia?
- Malaysian citizen or permanent resident
- Aged 21 and above (but not over 60 years old),
- Monthly gross income of at least RM3,000 or more
- Proof of identification, income, and residential status must also be submitted to check eligibility.
- The bank will also look at your credit rating before approving or rejecting the loan application.