Debt Management
A Complete Guide to Loan Consolidation in Malaysia
Everything you need to know about consolidating your debts in Malaysia — eligibility, process, and benefits.
7 min read
April 15, 2026
Debt consolidation is the process of combining multiple debts into a single loan with a lower interest rate. Here's your complete guide to loan consolidation in Malaysia.
Who is eligible?
- Malaysian citizens aged 21–60
- Minimum monthly income of RM 2,000
- Currently employed (government, GLC, or private sector)
- DSR within acceptable limits after consolidation
The Process
- Check your eligibility using our free online tool
- Calculate your potential savings with our loan calculator
- Submit an enquiry if you would like a callback
- Our referral officer forwards your enquiry to a licensed financing provider on our referral panel
- The provider reviews your application and, if approved, sends you its offer directly
- You decide whether to accept — pinjamHub is not a party to the financing contract
Documents Required
- MyKad (front and back)
- Latest 3 months salary slips
- Latest 3 months bank statements
- EPF statement (optional but recommended)
Benefits
- Lower monthly payments — reduce your total monthly outgoings
- Single payment instead of multiple
- Fixed repayment schedule — know exactly when you'll be debt-free
- Lower interest rates — typically 4–8% vs 15–18% on credit cards
- Improved credit score over time with consistent payments
Get started: Check your eligibility in under 60 seconds — free, no sign-up required.
Exploring debt consolidation?
Use our free calculator to compare consolidation options side-by-side.