Borrow RM20,000 in Malaysia — Best Rates & Monthly Repayment
Compare what a RM20,000 personal loan actually costs across 18 banks. Below is the real monthly repayment for each lender at 1, 3, 5 and 7-year tenures, plus the salary you'd need to qualify — updated 6 Aug 2026, 3:21 PM MYT.
MBSB Bank has the lowest rate at 3.06% p.a. flat — about RM384.33/month over 5 years (RM23,060 total). (for government servants)
You'd need roughly RM641/month gross income to stay within the 60% debt-service-ratio (DSR) guideline at 5 years.
Monthly repayment for a RM20,000 loan
| Bank & rate | 1 yr | 3 yr | 5 yr | 7 yr |
|---|---|---|---|---|
MBSB BankGovt only 3.06% · EIR 5.80% | RM1,717.67/mo | RM606.56/mo | RM384.33/mo | RM289.10/mo |
 Co-opbank PertamaGovt only 3.45% · EIR 6.31% | RM1,724.17/mo | RM613.06/mo | RM390.83/mo | RM295.60/mo |
Affin Bank 3.50% · EIR 6.41% | RM1,725.00/mo | RM613.89/mo | RM391.67/mo | RM296.43/mo |
 Bank RakyatGovt only 3.61% · EIR 6.82% | RM1,726.83/mo | RM615.72/mo | RM393.50/mo | RM298.26/mo |
GXBank 3.78% · EIR 6.45% | RM1,729.67/mo | RM618.56/mo | RM396.33/mo | — |
AEON Bank 3.88% · EIR 7.10% | RM1,731.33/mo | RM620.22/mo | RM398.00/mo | RM302.76/mo |
UOB Bank 3.99% · EIR 7.31% | RM1,733.17/mo | RM622.06/mo | RM399.83/mo | — |
CIMB Bank 4.38% · EIR 8.08% | — | RM628.56/mo | RM406.33/mo | — |
BSNGovt only 4.60% · EIR 8.42% | RM1,743.33/mo | RM632.22/mo | RM410.00/mo | RM314.76/mo |
Alliance Bank 4.99% · EIR 9.13% | RM1,749.83/mo | RM638.72/mo | RM416.50/mo | RM321.26/mo |
 Bank Islam 5.50% · EIR 10.04% | RM1,758.33/mo | RM647.22/mo | RM425.00/mo | RM329.76/mo |
RHB Bank 5.99% · EIR 10.98% | RM1,766.50/mo | RM655.39/mo | RM433.17/mo | RM337.93/mo |
Maybank 6.50% · EIR 11.78% | — | RM663.89/mo | RM441.67/mo | — |
Public Bank 6.80% · EIR 12.31% | RM1,780.00/mo | RM668.89/mo | RM446.67/mo | — |
AmBank 6.99% · EIR 12.69% | RM1,783.17/mo | RM672.06/mo | RM449.83/mo | — |
Bank Muamalat 6.99% · EIR 12.69% | RM1,783.17/mo | RM672.06/mo | RM449.83/mo | RM354.60/mo |
Standard Chartered 7.99% · EIR 14.48% | RM1,799.83/mo | RM688.72/mo | RM466.50/mo | — |
Hong Leong Bank 8.50% · EIR 15.99% | — | RM697.22/mo | RM475.00/mo | — |
Figures use each bank's advertised flat rate; your actual rate depends on your income and CCRIS/CTOS profile. “—” means that tenure isn't offered.
Frequently asked questions
At the lowest rate (3.06% from MBSB Bank), about RM384.33/month over 5 years — RM23,060 in total. Higher rates cost more; see the full table above.
MBSB Bank at 3.06% p.a. flat (EIR 5.80%) is the lowest rate for this amount.
Roughly RM641/month to stay within the 60% DSR guideline at 5 years. Lower incomes can still qualify with fewer existing commitments.