Frequently Asked Questions
1.
What exactly is a licensed moneylender?
A licensed moneylender is one who has been approved by the Ministry of Housing and Local Government (KPKT) under the Moneylenders Act 1951. All licensed moneylenders will be issued a legitimate license that includes the company name, address, license number, and license validity.
2.
How much does the interest rate cost?
The interest rate on personal financing cannot exceed 18% per annum.
3.
How long does it take to apply for a personal financing?
It only takes a few minutes to complete the online application form. Our application process is completely free. We will take 1-3 working days to process your personal financing.
4.
Is there a deposit required to apply for a personal loan?
No.
5.
How much and how long may I borrow?
The amount of finance you are qualified to borrow is determined by several criteria, including your income, current debt commitment, and credit history. Depending on the client's requirements, the adjustable loan terms usually range from 3 months and above. Are you thinking about applying for a loan? Calculate your monthly payment using our personal loan calculator. To apply for a personal loan, click HERE.
6.
What documents should I prepare in order to apply for a personal loan from us?
The following essential documents are required:
- a photocopy of your NRIC (front and back)
- 3 months latest payslip or supporting income documents
- Bank statement from the last three months
- a copy of a utility bill to prove the exact address (for example, water, electricity)
1.
What documents should I prepare in order to apply for a secured loan from us?
The following essential documents are required:
Personal
- Asset details -title, quit rent and assessment
- A copy of the NRIC of the owner (front and back)
- Most recent 6 months of bank statements
Company
- Asset details -title, quit rent and assessment
- A copy of the NRIC of the director (front and back)
- Most recent 6 months of bank statements
- Company form 24,44,49, Annual return (section 68) and M&A
*We may require additional documents that deemed necessary. For other collateral property, please contact us for further information.
2.
What interest rates are available for security loans?
The interest rate on collateral financing cannot exceed 12% per annum.
3.
What kinds of properties can be used as collateral security?
Lands (residential, industrial and more), commercial property (shop lot, office, factory etc.), residential property, immovable property and movable property are examples of pledged properties that we accept as collateral security.
4.
How can I know if my property is eligible and acceptable to Hui One Capital?
In general, Hui One Capital accepts any type of property in Malaysia that is free of encumbrances and in good condition (subject to further examination). However, you can always contact us for more information and to determine whether the property is eligible.
5.
How will I find out whether my application was accepted?
Each application will be handled by our staffs. The final outcome of the application will be communicated to the client directly by the assigned staffs via WhatsApp or a phone call.
1.
What fees or costs are associated with this capital investment?
The application is completely free, with no prior money or deposit required.
2.
What documents do I need to prepare to apply for capital investment?
Please prepare a business proposal so that we can discuss whether to do business with you.
3.
How do I apply for a Capital Investment online?
It has never been easier or more convenient to apply for Capital Investment. We will assist you in receiving financing for your company needs if you click the link below or the 'Chat on WhatsApp' icon on our platform. Our dedicated expert adviser or a loan officer will then call you and assist you with your application. There is no upfront cost or fee necessary for the application. There are no hidden costs. To apply for Capital Investment, click HERE.
