Official sources checked on 6 November 2026.
How do you check a licensed moneylender?
For Kredit Komuniti in Peninsular Malaysia, start with KPKT’s i-KrediKom search. Match the company to whoever is contacting you. For online borrowing, also check KPKT’s online approval list. Then compare net cash received, instalments and total repayments in the written offer.
This guide supports your own checks. KiraPinjam does not issue licences, authenticate agents or guarantee loan approval.
Which details should you match?
- Ask for the company’s legal name, licence number, operating address and licence expiry date. Compare these with official records, rather than relying on a licence image.
- Open the official channel yourself and confirm the website, phone number and representative before sharing documents or paying.
- Keep the written offer and a record of your checks. If details do not match, ask the relevant authority for clarification before proceeding.
Is a company licence enough for online lending?
KPKT publishes a separate list of moneylenders approved for online lending. On its BKK downloads page, find “Pemberian Pinjaman Wang Dalam Talian” and open the company list. Check the company and any stated channel; a licence number alone does not authenticate every website or WhatsApp account.
KPKT: online approval list and guidance
KPKT describes i-KrediKom searches as covering Peninsular Malaysia. For Sabah, Sarawak or Labuan, obtain confirmation from the relevant local licensing authority.
What if the provider claims to be a bank or is absent from BNM’s alert list?
For a claimed bank licence, check the entity name and category in BNM’s Financial Sector Participants Directory. Bank and Kredit Komuniti checks use different references.
BNM states that absence from its Financial Consumer Alert List does not establish that an entity is licensed or regulated by BNM. Check the identity and channel even when the name or logo looks familiar.
Which rates and costs should you check?
KPKT’s FAQ states annual interest limits of 12% for secured and 18% for unsecured loans within the moneylending framework it describes. These are not your offered or effective rates, and should not be applied as universal limits to bank products.
- Ask for the principal, every deduction and the cash actually paid into your account.
- Ask for the annual rate, flat or reducing-balance method, term, instalments and total repayment.
- Ask about separately paid fees, late-payment charges and early-settlement terms. If a fee is unclear, request its basis and confirmation before agreeing.
Example: the principal is not the same as cash received
A mathematical illustration, not a lender offer. The 10% rate and RM20 deduction are assumptions, not confirmation that a charge is permitted.
| Item | Illustrative value |
|---|---|
| Illustrative loan principal | RM 1,000.00 |
| Assumed rate and term | 10% p.a. flat, 12 months |
| Assumed upfront deduction | RM 20.00 |
| Net cash received | RM 980.00 |
| Estimated monthly instalment | RM 91.67 |
| Total scheduled repayments | RM 1,100.00 |
| Scheduled repayments − net cash received | RM 120.00 |
Net cash = RM1,000 − RM20 = RM980. Total repayments = RM1,000 × (1 + 10% × 1 year) = RM1,100. The RM120 difference excludes separately paid fees, arrears or other costs. Totals use instalments before rounding.
What next if your income is low or you have no payslip?
A licence does not establish your eligibility or affordability. Check the provider’s identity separately from income, documents and budget. Work out what remains of take-home pay after debts, rent and essentials before comparing a new instalment.
If information does not match or you need to complain
For licensed-moneylender complaints, use KPKT SISPAA; for unlicensed moneylending, PDRM. Do not sign blank agreements.