Emicro is a licensed money lender company in Malaysia where you can apply for micro-credit directly on your mobile. Emicro offers innovative ways and technology to make financial services easier, faster and clear than traditional financial channels.
Emicro Product Info
Currently, Emicro offers micro-loan as low as RM500 up to RM10,000 at interest rates 18% p.a. for a period of installment minimum 3 months to maximum 24 months.
Fees & Charges
Minimum duration of payment: 3 months
Maximum repayment period: 24 months
Max. Annual Percentage Rate (APR) is 18%.
Processing Fee (Includes Stamp Duty and Legal Fees)
RM60 - RM400 depending on loan amount
Early Termination Fee
Late Payment Interest
8% p.a.from current outstanding amount
Late Penalty Fee
If any portion of the principal or interest not be paid within seven (7) days of when it is due, you will be charged a late payment penalty of RM25.00
Calculation of the Loan
Loan Amount - RM3000.00
Loan Period - 6 Months Installemnt
Interest Rate - 1.5% p.m or 18% p.a
Processing Fee (Includes Stamp Duty and Legal Fees) - RM150
Total Interest Charge: Loan Amount X Interest rate per month X Loan Period
RM3000 X 1.5% (Interest per month) X 6 Months = RM270
Total Repayment Amount: Loan Amount + Total Interest Charge
RM3000 + RM270 = RM3270
Monthly Installment Calculation: Total Repayment Amount / Loan Period
RM3270 / 6 Months = RM545
Total Cost of Loan= Processing Fee + Profit Rate Charges
Total Cost of Loan= RM150+RM270 = RM420
Are you eligible for this personal loan?
Minimum annual income
21 years old
50 years old
Who can Apply
Not be blacklisted by CCRIS & CTOS
WHY USE EMICRO?
- Easy Application: You just need to ready your Identity card and fill in your details directly in our app.
- Fast Approval: Your application can be approved and get your cash today.*
-Fixed interest rate 1.5% per month.
-Finance installment from 3 months.
Product Disclosure Sheet Download: https://www.emicro.my/emicrops.pdf
HOW IT WORKS:
* Fill in your details
* Wait for credit check
* Verify and digital sign
* Get your cash today!
* Subject to application made during business hours only.
Feel free to reach us for inquiry:
Phone number: +60379711155
Address: 205B 2nd Floor Podium Block Faber Towers, Jalan Desa Bahagia,Taman Desa, 58100, Kuala Lumpur, Malaysia
Your Emergency. Our Priority.