ACOM, Easy Approved Loan in Malaysia
ACOM, Easy Approved Loan in Malaysia
When it comes to big decisions like loans and personal financing, peace of mind is essential, with trustworthiness and reliability being key considerations. Herein enters ACOM (M) Sdn. Bhd. Incorporated on 23 July 2021 as a wholly-owned subsidiary of ACOM Co., Ltd., a prominent finance solutions provider in Japan since 1936, ACOM (M) Sdn. Bhd. draws its strength from both its parent company's vast experience and expertise, as well as over two decades of experience in the personal loan industry in Thailand.
ACOM holds full certification as a money-lending business under the Malaysian Ministry of Housing and Local Government (KPKT) since November 2022 and successfully obtained an Online Money Lending License in January 2024. Beyond this, ACOM also takes pride in its commitment to its long-established customer-centered philosophy. Applying for personal loans in Malaysia has never been easier and smoother.
Eligibility
The requirements for application for a personal loan from ACOM have been made simpler than what one would normally need to fulfill. The loan is available to both private and government employees who hold Malaysian citizenship. In addition, eligibility is made easy as you will be qualified to apply for the loan, as long as you are part of the workforce, whether you have just entered at the age of 18, or are nearing retirement at the age of 60.
There is also a low bar of entry. All you need is just a monthly gross income of RM500 - 1/3 of the normal requirement in the market in Malaysia - and you can start applying at ACOM. This in essence means that it is one of the friendliest personal loans in Malaysia, open to almost every Malaysian with a legal working permit or letter of employment, with the only exceptions being that you are not declared bankrupt or been termed as a politically exposed person.
Flexible Terms
The financing amount for ACOM’s personal loan ranges from as low as RM250 to as much as RM100,000 which makes ACOM a viable option to raise emergency funds. The repayment tenure is similarly wide-ranging and flexible, consisting of periods from 6 months for those who want to settle their loan payments more quickly, up to as long as 60 months. Everything is tailored to the customer’s individual and personal needs.
Simple and Hassle-Free Application Process
The application process is similarly hassle-free, and especially because ACOM’s loan can now be applied online, you can even do it from the comfort of your home. The first thing you need to do is to fill in a simple application form, mainly just to verify your identity and provide your contact information so that ACOM can correspond with you.
After you have filled in the application form, upload the necessary documents. Once again, this is primarily to verify the identity of the applicant and that you are a Malaysian citizen in the workforce. What you need is your Malaysian Identification Card (MyCard), a PDF of either your latest 2 months salary crediting bank statement, salary slip, and/or latest EPF statement, and finally, your latest utility bill (water, electricity, etc) within the last two months. It’s as simple as that.
Step 3, Application Approval, is where ACOM comes in. Their responsive staff will review and assess your application. This might involve the applicant’s Creditworthiness Assessment: ACOM will check your credit history and score, the Debt-to-Income Ratio (DTI): ACOM will assess your ability to repay by comparing your monthly debts to income, and your Risk Assessment (for secured loans, collateral valuation may take place (e.g., property for mortgages)). The whole process typically takes less than a week, usually averaging about 3 working days, sometimes even within a day if all necessary documents are ready.
Once the application has been approved, the applicant can proceed to Step 4 where they will be requested to complete Attestation and provide their Online Signature for contracting. Once again, this can be done online, from wherever is convenient to the applicant. From the start up to this point, the applicant does not even need to travel out from their home, making the whole process seamless, hassle-free, and extremely convenient.
ACOM’s Top-Up Loan
In addition to their personal loans, ACOM also offers a Top-Up Loan Service. To be eligible for this, the customer must have an existing loan agreement with remaining loan amount and a good payment history with ACOM(M). Qualified customers will be able to see a top-up button appear on their portal screen.
ACOM’s Top-Up Loan is straightforward in nature. All the requirements mentioned above remain unchanged, with the same product flexibility (financing amount ranging from RM250 to RM100,000; repayment tenure ranging from 6 months to 60 months). The application process also remains in the same seamless and hassle-free 4-step flow mentioned above.
Customers applying for the Top-Up Loan will receive several perks. The Top-Up Loan is a new feature, authorised by Malaysia’s Ministry of Housing and Local Government (KPKT). Foremost for the customer’s peace of mind, the remaining interest on the original contract at the time of Top-Up will be waived. Once the Top-Up Loan application is approved, the previous Loan account will be declared fully settled, and a new Top-Up Loan account will be created. The repayment schedule will also be renewed.
The Disbursement amount for Top-Up is calculated by subtracting the “Remaining balance of your previous loan” from the “Top-Up Loan Amount you apply”. The additional loan amount will then be raised over the original loan.
However, this comes with several additional perks. The Top-Up Loan will have a longer tenure and larger amount but the same interest rate caps as the original loan. Furthermore, ACOM never charges any additional or hidden fees except for the oath commission fee and attestation fee (stamp duty).
The Three Core Pillars of ACOM’s Loan Services
Built on three core pillars of Easy Application, Instant Cash, and their reputation as a Genuine, Trusted, and Licensed Provider, the process of applying for an ACOM loan is swift, requires minimal documents and just the answering of a few simple questions. The application takes only a few minutes to complete. Application approval usually takes about 3 working days - even within a day if the necessary documents are ready. However, once the application is approved, the money will be transferred to your registered bank account within 24 hours after disbursement.
ACOM offers quick, easy-approved loans in Malaysia with fast processing, minimal paperwork, and flexible terms to meet your financial needs.