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Top Personal Loans for Bad Credit in 2026
Explore the best options for those with less-than-perfect credit scores
Perfect Picks for Bad Credit
For those with bad credit, finding a personal loan can feel like a daunting task. High interest rates and rigorous credit checks often stand in the way. Fortunately, there are lenders catering specifically to this group, offering reasonable terms and the chance to rebuild credit.
Rates and terms shown are representative. Your actual rate depends on your credit profile and circumstances. This is not financial advice — always read the lender's terms before applying.
AEON Credit Personal Financing
AEON Credit Personal Financing is a standout for those with minimal income, offering loans starting at 12.0% APR. The entry barrier is low, with a requirement of only RM1,500 monthly income, making it accessible for many. Same-day approval is a plus, although the interest rate is on the higher side for this category.
AEON Credit Personal Financing
UOB Personal Loan
UOB Malaysia Personal Loan provides a competitive edge for higher loan amounts, up to RM200,000, at a starting APR of 6.0%. However, the higher minimum income requirement of RM3,000 per month means it's best suited for mid-tier borrowers who have a stable income.
UOB Personal Loan
HSBC Amanah Personal Financing-i
HSBC Amanah offers Shariah-compliant financing starting at 5.0% APR, making it a strong contender for those seeking Islamic financial products. The higher minimum income requirement and slower processing time are worth considering, especially if speed is a priority.
HSBC Amanah Personal Financing-i
These options provide solid starting points for borrowers with bad credit, but if you need a quick approval, the next set of loans might be more suitable.
Rapid Approval Loans
When time is of the essence, finding a lender that offers quick approval can make all the difference. Here are some options that emphasize speed.
CIMB Cash Plus Personal Loan
CIMB Cash Plus stands out with an exceptionally low starting rate of 4.38% APR and the convenience of 10-minute digital approval. It's perfect for those who prioritize speed but keep in mind the maximum rate can soar to 19.88% for riskier profiles.
CIMB Cash Plus Personal Loan
Hong Leong Bank Personal Loan
Hong Leong Bank offers a straightforward loan option with a fixed rate from 8.5% APR, and a low RM2,000 income threshold. Processing takes 1-3 business days, making it a solid mid-tier choice for those who need funds quickly.
Hong Leong Bank Personal Loan
Maybank Personal Loan
Maybank's tiered rates make it appealing for those seeking larger loans between RM50K and RM100K. However, an early settlement fee in the first half of the tenure is a notable catch.
Maybank Personal Loan
Public Bank Personal Loan
Public Bank's personal loan offers a competitive starting APR of 6.0%, but the application is limited to Malaysian citizens or permanent residents. With processing times of 2-3 days, it’s a reliable option for those eligible.
RHB Personal Loan
RHB's personal loan provides up to RM200,000 at a starting APR of 7.62%, making it a middle-ground option for those comfortable with slightly higher rates but seeking reputable banking support.
Navigating personal loans can be tricky, especially with bad credit. However, the options we've covered offer diverse entry points for different needs. Whether speed, flexibility, or low starting rates are your priority, there's a tailored loan out there for you. Always consider the full borrowing cost and terms before making a decision.