Malaysian business licence·Federal
Money Lender License Application (Community Credit)
Issued by Kementerian Pembangunan Kerajaan Tempatan (KPKT)Moneylenders Act 1951 [Act 400]; Moneylenders (Control and Licensing) Regulations 2003; Moneylenders (Compound Offences) Regulations 2018
Overview
The Money Lender License is required for businesses that provide loans to protect the interests of borrowers. It regulates money lending activities and ensures compliance with legal standards. Companies wishing to operate as money lenders must obtain this license.
Key details
Governing Act
Moneylenders Act 1951 [Act 400]; Moneylenders (Control and Licensing) Regulations 2003; Moneylenders (Compound Offences) Regulations 2018
Agency fees
RM 2,000 processing + RM 1,000 annual
Validity
2 years
Issuing authority
Kementerian Pembangunan Kerajaan Tempatan (KPKT)
Fees shown are government / local-authority fees payable to the issuing agency. Emerhub charges a separate service fee for handling the application end-to-end.
Eligible applicants
Companies
Application requirements
- The company must be a private limited company (Sdn. Bhd.)
- Each director/manager must pass the PDRM fingerprint screening
- No director/manager should be declared bankrupt
- Each director/manager must be free from money laundering and terrorism financing activities (AMLA)
- The company must have a strong financial capability with a minimum paid-up capital of RM 2 million
- New applications can be submitted online through the integrated Data Electronic Pawn And Lending (iDEAL) system
Agency fee breakdown
New Application/Renewal:
Processing fee: RM 2,000
License validity period: 2 years
These are amounts payable to Kementerian Pembangunan Kerajaan Tempatan (KPKT). Emerhub's service fee is quoted separately when you engage us.