In Malaysia, the typical maximum loan tenure for personal loans set by Bank Negara Malaysia is ten years. However, individual financial institutions may offer varying loan tenures, which could be shorter or longer.

The minimum loan tenure can vary among financial institutions, but it’s commonly around one year. It’s essential to check with your chosen financial institution for their specific minimum loan tenure.

Your choice of loan tenure should align with your financial goals and repayment capacity.

Shorter loan tenures result in higher monthly payments but lower overall interest costs, while longer tenures offer lower monthly payments but may result in higher interest expenses.

Yes, most personal loans in Malaysia allow for early repayment. However, some banks may charge penalties for early repayment or have specific terms related to extra payments.