[{"data":1,"prerenderedAt":971},["ShallowReactive",2],{"guide-credit-loan-ad-rules-malaysia":3},{"id":4,"title":5,"answer":6,"authorId":7,"body":8,"category":877,"ctaVariant":878,"dataset":877,"description":879,"examples":880,"extension":881,"faqs":882,"heroImage":904,"intro":905,"meta":906,"navigation":908,"path":909,"publishedAt":910,"seo":911,"sources":912,"stats":941,"stem":969,"updatedAt":910,"__hash__":970},"blog\u002Fblog\u002Fcredit-loan-ad-rules-malaysia.md","Credit and Loan Ad Rules in Malaysia (2027)","In Malaysia a moneylender's advertisement needs a permit of its own, separate from the licence. Section 11(1) of the Moneylenders Act 1951 provides that no advertisement regarding the business of moneylending carried on by a licensee shall be issued or published unless an advertisement permit in respect of that advertisement has been granted by the Registrar, and section 11(2) sets a fine not exceeding ten thousand ringgit or twelve months or both, on the Attorney General's Chambers updated text of reprint as at 1 October 2017. If you hold no licence at all, the advertising is itself the offence: section 5(2) carries a fine of not less than two hundred and fifty thousand ringgit and not more than one million ringgit, imprisonment up to five years, and whipping on a second or subsequent conviction. Licensed banks, Islamic banks and development financial institutions are outside Act 400 entirely under the First Schedule, and answer to Bank Negara Malaysia's Product Transparency and Disclosure policy document instead.","xanny-lee",{"type":9,"value":10,"toc":860},"minimark",[11,16,20,23,29,32,37,40,43,46,50,53,56,61,64,69,72,77,80,83,87,90,97,103,109,112,184,187,191,194,197,200,203,207,210,213,218,221,391,394,397,400,404,407,415,418,422,425,430,433,506,509,512,516,519,528,531,534,537,540,543,551,555,563,566,569,573,576,579,584,587,590,718,721,725,728,741,744,747,751,754,760,766,772,778,784,790,796,802,808,811,815,818,852],[12,13,15],"h2",{"id":14},"the-licence-is-not-the-permission-to-advertise","The licence is not the permission to advertise",[17,18,19],"p",{},"Most lending businesses in Malaysia treat the moneylender's licence as the compliance milestone. You applied, you waited, you got the number, and the marketing can start. That is one document short.",[17,21,22],{},"The Moneylenders Act 1951, Act 400, separates the two in section 11(1). Quoted from the Attorney General's Chambers online version of the updated text of reprint, as at 1 October 2017:",[24,25,26],"blockquote",{},[17,27,28],{},"No advertisement regarding the business of moneylending carried on by a licensee shall be issued or published or caused to be issued or published by the licensee unless an advertisement permit in respect of that advertisement has been granted by the Registrar.",[17,30,31],{},"Read the last clause again. The permit is granted in respect of that advertisement. It is not a status the business holds, it is not a clause on the licence, and it is not something a marketing agency can assume exists because the client is licensed. Section 11(2) supplies the consequence:",[24,33,34],{},[17,35,36],{},"Any licensee who contravenes this section shall be guilty of an offence under this Act and shall be liable to a fine not exceeding ten thousand ringgit or to imprisonment for a term not exceeding twelve months or to both.",[17,38,39],{},"Ten thousand ringgit is, on its face, a small number for a lending business. Treat it as the least interesting thing in this guide. What matters is the two structural facts it sits on top of: the advertising duty is separate from the licensing duty, and the licence is a defence to a completely different and far heavier offence that we come to next.",[17,41,42],{},"One drafting note before any of the figures below get quoted anywhere. Every Act 400 penalty in this guide is quoted from the AGC online version of the updated text of reprint, as at 1 October 2017. That reprint's own List of Amendments ends at P.U. (A) 204\u002F2017 with effect from 1 August 2017, and its List of Sections Amended records sections 5, 11 and 17A as last touched by Act A1390 with effect from 15 April 2011 and section 12 by Act A1193 with effect from 1 November 2003. AGC's amendment-timeline page for Act 400 could not be reached when this guide was researched or when it was checked, so the reprint's internal tables are the best available record rather than a confirmation that nothing has moved since. Cite these bands as what the reprint prints, dated, and never as \"the current fine is\". Read the reprint at the AGC link in the sources below and nowhere else: AGC also serves an older Act 400 PDF at a neighbouring path that incorporates amendments only up to 1 January 2006, and that copy predates the section 5(2) band entirely.",[17,44,45],{},"Nothing here is legal advice. It is a reading of published instruments, written for the person who has to sign off the creative.",[12,47,49],{"id":48},"if-you-have-no-licence-the-advertisement-is-the-offence","If you have no licence, the advertisement is the offence",[17,51,52],{},"This is the provision that should decide whether a lending campaign runs at all, and it is not an advertising provision.",[17,54,55],{},"Section 2 of Act 400 defines the regulated person this way:",[24,57,58],{},[17,59,60],{},"\"moneylender\" means any person who carries on or advertises or announces himself or holds himself out in any way as carrying on the business of moneylending, whether or not he carries on any other business;",[17,62,63],{},"Advertising is inside the definition. Not a signal of moneylending, not evidence of it. Part of it. Section 5(1) then carries the prohibition, and the reprint renders it with a duplicated clause that we reproduce as printed rather than tidy away:",[24,65,66],{},[17,67,68],{},"No person shall carry on or advertise or announce himself or hold himself out in any way as carry on or advertise or announce himself or hold himself out in any way as carrying on the business of moneylending unless he is licensed under this Act.",[17,70,71],{},"That repetition is an artefact of the reprint, not a second obligation. What follows it is not an artefact:",[24,73,74],{},[17,75,76],{},"Any person who carries on or advertises or announces himself or holds himself out in any way as carrying on the business of moneylending without a valid licence, or who continues to carry on such business after his licence has expired or been suspended or revoked shall be guilty of an offence under this Act and shall be liable to a fine of not less than two hundred and fifty thousand ringgit but not more than one million ringgit or to imprisonment for a term not exceeding five years or to both, and in the case of a second or subsequent offence shall also be liable to whipping in addition to such punishment.",[17,78,79],{},"Note the shape of the band. It has a floor. A fine of not less than two hundred and fifty thousand ringgit is not a ceiling a magistrate works down from, it is the minimum the section contemplates on conviction. And the expiry limb catches a business nobody would describe as unlicensed: a lender whose licence lapsed while the renewal sat in a queue, with the same creative still running.",[17,81,82],{},"So the familiar Malaysian loan creative, the one promising money with no documents, no collateral and instant approval, usually fails several rules at once. But if the advertiser holds no licence, arguing about the creative is beside the point. The offence is complete at publication, and the operative provision is section 5(2) rather than anything about what the ad said.",[12,84,86],{"id":85},"section-11-attaches-to-the-advertisement-not-to-the-advertiser","Section 11 attaches to the advertisement, not to the advertiser",[17,88,89],{},"Assume the licence is real and current. The advertisement permit is now the live question, and three features of section 11(1) shape how a campaign has to be planned.",[17,91,92,96],{},[93,94,95],"strong",{},"It binds the licensee who causes publication."," The subsection covers an advertisement issued or published \"or caused to be issued or published by the licensee\". An agency posting on the lender's behalf, a media buyer trafficking the asset, an affiliate reposting the offer: the licensee caused it. The duty does not thin out as the work is outsourced.",[17,98,99,102],{},[93,100,101],{},"It has no medium."," Section 11(1) says \"advertisement regarding the business of moneylending\" and stops. No channel is named, none is excluded, and no threshold of spend or reach appears anywhere in the section.",[17,104,105,108],{},[93,106,107],{},"It is per advertisement."," The permit is granted \"in respect of that advertisement\". A creative refresh, a new offer, a second language version and a seasonal variant are, on the face of the text, four advertisements. How the Registrar actually administers that is not something any published source settled for this guide, and we say so plainly in the limits section below rather than guessing at a workflow.",[17,110,111],{},"Two adjacent offences belong in the same mental compartment, because they catch the wording of the ad rather than its paperwork.",[113,114,117],"data-table",{"caption":115,"title":116},"The four provisions of the Moneylenders Act 1951 that a Malaysian lending advertisement most commonly engages, with the penalty each one prints, quoted from the Attorney General's Chambers updated text of reprint as at 1 October 2017.","Act 400 offences a lender's advertising can trigger",[118,119,120,136],"table",{},[121,122,123],"thead",{},[124,125,126,130,133],"tr",{},[127,128,129],"th",{},"Provision",[127,131,132],{},"What triggers it",[127,134,135],{},"Penalty as the reprint prints it",[137,138,139,151,162,173],"tbody",{},[124,140,141,145,148],{},[142,143,144],"td",{},"s.5(2)",[142,146,147],{},"Advertising, announcing or holding yourself out as carrying on moneylending without a valid licence, or after it expired, was suspended or was revoked",[142,149,150],{},"Fine of not less than RM250,000 and not more than RM1,000,000, or up to 5 years, or both, plus whipping on a second or subsequent offence",[124,152,153,156,159],{},[142,154,155],{},"s.11(1)-(2)",[142,157,158],{},"A licensee issuing or publishing, or causing the publication of, an advertisement for which the Registrar has granted no advertisement permit",[142,160,161],{},"Fine not exceeding RM10,000, or up to 12 months, or both",[124,163,164,167,170],{},[142,165,166],{},"s.12",[142,168,169],{},"A moneylender's advertisement, circular or document containing expressions which might reasonably be held to imply that he carries on the business of banking",[142,171,172],{},"Fine not exceeding RM10,000, rising on a second or subsequent offence to that fine or 12 months or both, and, for a company, society, firm or other body of persons, a fine not exceeding RM15,000 on a second or subsequent offence",[124,174,175,178,181],{},[142,176,177],{},"s.17A(1) and (4)",[142,179,180],{},"Interest above 12% per annum secured or 18% per annum unsecured",[142,182,183],{},"Fine not exceeding RM20,000, or up to 18 months, or both",[17,185,186],{},"Section 12 deserves a second look from anyone who writes financial copy for a living. The test is not whether you claimed to be a bank. It is whether the advertisement contains \"expressions which might reasonably be held to imply\" that you carry on the business of banking. Deposit language, account language, branch language and the visual grammar of retail banking all sit inside that risk, and they are exactly the register a lender reaches for when it wants to look established.",[12,188,190],{"id":189},"act-400-never-says-internet-and-that-is-not-a-loophole","Act 400 never says internet, and that is not a loophole",[17,192,193],{},"Somebody will eventually tell you that a 1951 statute cannot govern a Meta campaign. The answer is more interesting than yes or no.",[17,195,196],{},"Act 400 contains no definition of the word advertisement. There is no interpretation clause expanding it, no illustrative list and no medium-based carve-out. A full-text check of the AGC copy finds no occurrence of internet, website, social media, electronic or digital anywhere in the Act's text. The only appearance of the word online in the file is AGC's own cover header, \"ONLINE VERSION OF UPDATED TEXT OF REPRINT\", which is the publisher describing the PDF rather than Parliament describing a medium.",[17,198,199],{},"That silence is how the section reaches a feed placement. Section 11(1) governs \"an advertisement regarding the business of moneylending\", and a paid social ad promoting a loan product is an advertisement regarding the business of moneylending in the ordinary sense of those words. The provision does not need to name the channel because it never narrowed itself to one. That is why the practical question is never whether the Act mentions Instagram, but whether the thing you are about to publish is an advertisement.",[17,201,202],{},"Where that reading has a real edge is in the other direction. Because nothing in Act 400 defines advertisement, nothing in Act 400 tells you how a digital advertisement is to be described in a permit application, how long a permit runs, or whether a dynamic creative counts as one advertisement or many. Those are administrative questions the Registrar answers, and the statute is genuinely silent on them.",[12,204,206],{"id":205},"the-prescribed-artwork-is-a-premises-signboard-and-it-says-so","The prescribed artwork is a premises signboard, and it says so",[17,208,209],{},"Here is the document that tends to get misread as a creative spec for digital.",[17,211,212],{},"KPKT's Garis Panduan Urusan Pelesenan Kredit Komuniti, issued by the Pendaftar Pemberi Pinjam Wang and signed on 9 August 2019, contains at paragraph 4.9.1 the rule that pulls every permit applicant into a fixed design:",[24,214,215],{},[17,216,217],{},"Syarikat Kredit Komuniti sedia ada dan pemohon baharu yang memohon permit iklan wajib mengguna pakai Format Papan Tanda Iklan Kredit Komuniti yang ditetapkan oleh Pendaftar.",[17,219,220],{},"Existing community credit companies and new applicants applying for an advertisement permit must adopt the Format Papan Tanda Iklan Kredit Komuniti prescribed by the Registrar. The translation is ours; the guideline is published in Malay. Item 8.4 of the same guideline then prints the format itself, with annotations that fix the artwork down to the colour.",[113,222,225],{"caption":223,"title":224},"The elements item 8.4 of KPKT's Garis Panduan Urusan Pelesenan Kredit Komuniti signed 9 August 2019 annotates on the prescribed Format Papan Tanda Kredit Komuniti, with the specimen artwork's own wording where the guideline supplies it.","What KPKT's prescribed community credit signboard must carry",[118,226,227,240],{},[121,228,229],{},[124,230,231,234,237],{},[127,232,233],{},"Element",[127,235,236],{},"As the format prescribes it",[127,238,239],{},"What that tells you about its medium",[137,241,242,253,264,275,286,303,314,325,336,347,358,369,380],{},[124,243,244,247,250],{},[142,245,246],{},"Wordmark",[142,248,249],{},"Jenama \"PERKHIDMATAN KREDIT KOMUNITI\" wajib dipaparkan",[142,251,252],{},"A fixed category brand, not a lender's own brand mark",[124,254,255,258,261],{},[142,256,257],{},"Category logo",[142,259,260],{},"Logo kredit komuniti dipaparkan dalam papan tanda",[142,262,263],{},"The regulator's own scheme logo, carried on every board",[124,265,266,269,272],{},[142,267,268],{},"Colour of the header band",[142,270,271],{},"Warna Lavender adalah wajib digunakan, annotated against the branded band at the top",[142,273,274],{},"A mandated colour on the band, which no feed placement enforces",[124,276,277,280,283],{},[142,278,279],{},"Colour of the lower panel",[142,281,282],{},"Warna latar adalah mengikut kehendak syarikat",[142,284,285],{},"The background behind the company details is the lender's choice",[124,287,288,291,300],{},[142,289,290],{},"Complaints channel",[142,292,293,294],{},"Laman web aduan KPKT wajib diletakkan pada papan tanda, printed on the specimen as LAMAN WEB ADUAN ",[295,296,297],"a",{"href":297,"rel":298},"https:\u002F\u002Faduan.kpkt.gov.my",[299],"nofollow",[142,301,302],{},"A regulator's complaint route on the shopfront",[124,304,305,308,311],{},[142,306,307],{},"Interest ceilings",[142,309,310],{},"Kadar faedah maksima yang berdasarkan Akta 400, printed on the specimen as KADAR FAEDAH PINJAMAN TIDAK MELEBIHI 12% SETAHUN (BERCAGAR) 18% SETAHUN (TIDAK BERCAGAR)",[142,312,313],{},"The Act 400 numbers restated on the board itself",[124,315,316,319,322],{},[142,317,318],{},"Company name",[142,320,321],{},"Nama syarikat, shown on the specimen as SYARIKAT ABC SDN BHD",[142,323,324],{},"The licensee's own registered name, under the category wordmark",[124,326,327,330,333],{},[142,328,329],{},"Operating address",[142,331,332],{},"Alamat operasi syarikat, shown on the specimen with a telephone number beneath it",[142,334,335],{},"The address of the licensed premises the board stands at",[124,337,338,341,344],{},[142,339,340],{},"Company logo",[142,342,343],{},"Logo syarikat (Jika ada)",[142,345,346],{},"The one element the format leaves optional",[124,348,349,352,355],{},[142,350,351],{},"Licence and permit numbers",[142,353,354],{},"Butiran lesen dan permit iklan, shown on the specimen as NO. LESEN WL6589\u002F01\u002F01 and NO. PERMIT IKLAN WP6589\u002F01\u002F01, both specimen values",[142,356,357],{},"The permit number is part of the artwork",[124,359,360,363,366],{},[142,361,362],{},"QR code",[142,364,365],{},"QR Code sebenar ketika permohonan permit iklan dan dipaparkan di depan premis",[142,367,368],{},"The actual code at the time of application, displayed at the front of the premises",[124,370,371,374,377],{},[142,372,373],{},"Physical specification",[142,375,376],{},"Format AI, Saiz 2 kaki x 6 kaki, Resolution 300 pixels\u002Finch",[142,378,379],{},"Two feet by six feet of printed board at print resolution",[124,381,382,385,388],{},[142,383,384],{},"Size approval",[142,386,387],{},"Walaubagaimana pun, saiz adalah tertakluk kepada kelulusan PBT",[142,389,390],{},"The local authority has the final say on dimensions",[17,392,393],{},"Take those last three rows together and the character of the document is settled. A specification measured in feet, sized by the local council, and carrying a QR code that must be displayed at the front of the premises is a papan tanda. It is a physical signboard standing outside a shop. No KPKT instrument located for this guide extends that artwork specification to a social feed advertisement, and a page that told you to render that 2ft by 6ft board into a 4:5 placement would be inventing a rule.",[17,395,396],{},"What the format does do, and this is why it belongs in a digital advertiser's reading pile, is show you the Registrar's own view of what a permitted community credit advertisement contains: the category wordmark and logo, the trading name and operating address, the complaints route, the statutory interest ceilings, the licence number and the permit number. That is a content standard expressed through a signboard. When section 11(1) asks whether that advertisement has been permitted, this is the vocabulary the permitting authority works in.",[17,398,399],{},"The same guideline sets the entry price for the licence the permit sits on. Paragraph 4.2 requires a new community credit licence applicant to submit paid-up capital of a minimum of RM2.0 million at the point of application. That figure is worth carrying into the next section, because a second permit issued under the same ministry gets conflated with this one constantly.",[12,401,403],{"id":402},"the-apdl-is-a-different-permit-under-a-different-act","The APDL is a different permit under a different Act",[17,405,406],{},"Two Malaysian advertising permits are issued under the same ministry and use the same permit noun. They rest on different statutes, they are granted to different applicants for different subject matter, and neither substitutes for the other.",[17,408,409,410,414],{},"The advertisement permit described on this page is granted by the Registrar of Moneylenders under section 11(1) of the Moneylenders Act 1951, applies to a lending business, and is administered by KPKT's Bahagian Kawalan Kredit Komuniti. The other one, the APDL, is the Advertising Permit and Developer's License under the Housing Development (Control and Licensing) Act 1966, applies to a housing developer marketing a project, and is covered in the guide to ",[295,411,413],{"href":412},"\u002Fblog\u002Fproperty-facebook-ads-malaysia","property advertising rules for Malaysian developers",". Different statute, different applicant, different subject matter. The developer's licence is generally described as requiring RM2 million in paid-up capital as well, which is part of why the two get confused, but that figure is a secondary-source description this guide has not checked against the Housing Development (Control and Licensing) Regulations 1989, and nothing above rests on it.",[17,416,417],{},"If a compliance checklist in your shared drive says \"KPKT advertising permit\" without naming the Act, it is ambiguous enough to send a lender to the wrong counter. Name the statute in your own documentation.",[12,419,421],{"id":420},"fourteen-classes-of-person-act-400-does-not-reach-at-all","Fourteen classes of person Act 400 does not reach at all",[17,423,424],{},"Before a lending business worries about a permit, it should check whether the Act applies to it. Section 2A(1):",[24,426,427],{},[17,428,429],{},"This Act shall not apply to a person specified in the First Schedule, and such person shall be subject to any written law governing his business or activity.",[17,431,432],{},"That is a complete exclusion, not a lighter regime inside Act 400. The First Schedule runs to fourteen items, and it was last amended by the Moneylenders (Amendment of First Schedule) Order 2017, P.U. (A) 204\u002F2017, with effect from 1 August 2017, which is the latest amendment the reprint records for it.",[113,434,437],{"caption":435,"title":436},"The items of the First Schedule to the Moneylenders Act 1951 that exclude the main classes of regulated lender from the Act, on the Attorney General's Chambers updated text of reprint as at 1 October 2017.","First Schedule classes most relevant to a lending advertiser",[118,438,439,452],{},[121,440,441],{},[124,442,443,446,449],{},[127,444,445],{},"Item",[127,447,448],{},"Class excluded from Act 400",[127,450,451],{},"What governs it instead under s.2A(1)",[137,453,454,465,475,485,496],{},[124,455,456,459,462],{},[142,457,458],{},"3",[142,460,461],{},"Authorised persons under the Financial Services Act 2013",[142,463,464],{},"Bank Negara Malaysia standards specified under that Act",[124,466,467,470,473],{},[142,468,469],{},"4",[142,471,472],{},"Authorised persons under the Islamic Financial Services Act 2013",[142,474,464],{},[124,476,477,480,483],{},[142,478,479],{},"6",[142,481,482],{},"Prescribed institutions under the Development Financial Institutions Act 2002",[142,484,464],{},[124,486,487,490,493],{},[142,488,489],{},"13",[142,491,492],{},"Labuan banks",[142,494,495],{},"The written law governing that business",[124,497,498,501,504],{},[142,499,500],{},"14",[142,502,503],{},"Labuan insurance licensees",[142,505,495],{},[17,507,508],{},"The Schedule also excludes other classes, among them co-operative societies and licensed pawnbrokers, so a lender that does not recognise itself in the rows above should still read the Schedule in full rather than assume Act 400 applies by default.",[17,510,511],{},"Two practical points come out of this. First, a bank's personal loan advertisement never needs an advertisement permit from the Registrar of Moneylenders, and a vendor offering that service to a bank has misread section 2A(1). Second, the exclusion is not a gap. Section 2A(1) hands the excluded person to \"any written law governing his business or activity\", and for items 3, 4 and 6 that written law is materially heavier than Act 400.",[12,513,515],{"id":514},"what-binds-a-licensed-banks-loan-advertisement-instead","What binds a licensed bank's loan advertisement instead",[17,517,518],{},"Bank Negara Malaysia's Policy Document on Product Transparency and Disclosure, BNM\u002FRH\u002FPD 028-136, was issued on 2 December 2024. Paragraph 13, headed disclosure for advertisements, runs from page 19 to page 22 of the 102-page document. Its opening standard is broad:",[24,520,521],{},[17,522,523,524],{},"A FSP shall formulate and implement adequate and effective internal systems, processes and procedures to ensure that all advertising materials relating to its financial products comply with the requirements in this Policy Document as well as applicable laws, rules, guidelines, codes of practice to protect financial consumers from misleading advertisements and their adverse consequences. ",[525,526,527],"span",{},"...",[17,529,530],{},"The same paragraph states that a financial service provider shall comply with the paragraph 13 requirements in respect of all advertisements and promotion of its financial products, including advertisements via digital channels. That last clause is the one Act 400 lacks and BNM supplies expressly. Paragraph 5.2 then defines the noun itself, as the disseminating or conveying of information, invitation or solicitation by any means or in any form including oral and written communication by means of print, electronic and any other media. Set that against the reading of Act 400 above and the contrast is exact. Act 400 reaches a feed placement because it never narrowed itself to a medium; the policy document reaches one because it names every medium there is.",[17,532,533],{},"Four of the sub-paragraphs change the creative directly, and each is marked with an \"S\" in the policy document's own margin, which paragraph 5.2 defines as a standard, an obligation, a requirement, specification, direction, condition and any interpretive, supplemental and transitional provisions that must be complied with, with non-compliance possibly resulting in enforcement action.",[17,535,536],{},"Paragraph 13.2.1 requires that the name of a financial service provider publishing an advertisement shall be clearly displayed in the advertisement, and that where an intermediary advertises, the advertisement shall contain the intermediary's registered name and the provider it represents. Paragraph 13.2.6 provides that a provider shall not describe a financial product as \"free\" or \"at no cost\" in an advertisement if any charge or condition may be imposed during the term of the contract. Paragraph 13.3.1 requires that information relevant to financial consumers such as product features, risks, costs and benefits in all advertisements are accurate, and that where rates are given in promotional materials, the provider shall disclose the effective lending or financing rate or effective deposit rate, where applicable, to facilitate comparison. Paragraph 13.3.8 requires appropriate warnings, such as the risks associated with a financial product, displayed as a boxed warning statement where applicable.",[17,538,539],{},"Paragraph 13.3.1 is the one that reshapes a rate-led financing ad. A headline rate in a promotional asset pulls the effective lending or financing rate in beside it, so the comparison a consumer makes is like for like. That is a disclosure obligation attached to the creative, not to the contract.",[17,541,542],{},"Two cautions on how far to push this. Not every item in paragraph 13 is a standard: paragraph 13.2.5, which lists examples of misleading advertisements, is marked \"G\" for guidance. And the policy document should be described as issued 2 December 2024 and nothing more. Its own paragraph 4.1 stages paragraph 11 to 1 January 2026 and paragraph 12 and parts of 16 to 1 July 2025, and BNM's landing page for the document did not resolve when this guide was checked, so a later edition can be neither confirmed nor excluded.",[17,544,545,546,550],{},"On enforceability, the chain is worth stating structurally rather than numerically. Paragraph 3.1 of the policy document records that its requirements are specified pursuant to sections 123(1) and 123(3) of the Financial Services Act 2013, sections 135(1) and 135(3) of the Islamic Financial Services Act 2013, and sections 42C(1) and 42C(3) of the Development Financial Institutions Act 2002. Those provisions are read here from the Attorney General's Chambers online version of the updated text of reprint of Act 758, as at 1 August 2021, whose cover records its latest amendment as P.U. (A) 51\u002F2021 in operation from 10 February 2021. Section 123(1) is the power to specify standards on business conduct, and section 123(2) names transparency and disclosure requirements and promotion of financial services or products among what those standards may cover. Schedule 15, which lists the provisions in respect of which a monetary penalty may be imposed, carries subsection 123(1) at item 60, and section 234(4)(a) is the hinge that admits a Schedule 15 provision to that route. So a breach of a paragraph 13 standard is a breach of a standard specified under a provision that carries a monetary penalty route. No ringgit figure appears here for that penalty, because the Act does not set one. Section 234(3)(b) fixes the amount at whichever is greater of three measures: the five million ringgit limb for a body corporate or unincorporate and the one million ringgit limb for an individual, three times the gross pecuniary gain made or loss avoided, and three times the amount of money that is the subject matter of the breach. A separate prohibited-conduct route also exists in Schedule 7 to the same Act, and that limb is already worked through against the same reprint in the guide to ",[295,547,549],{"href":548},"\u002Fblog\u002Ftakaful-insurance-facebook-ads-malaysia","takaful and insurance advertising in Malaysia",", which is also where the common mix-up between a Google requirement and a Meta one gets corrected.",[12,552,554],{"id":553},"since-1-march-2026-the-conduct-rule-reaches-everyone-licensed-or-not","Since 1 March 2026 the conduct rule reaches everyone, licensed or not",[17,556,557,558,562],{},"The Consumer Credit Act 2025, Act 873, adds a layer that does not care whether you hold a licence. Section 87(1) provides that no person shall engage in any prohibited business conduct as set out in Schedule 6, and Schedule 6 item 2 names the advertisement in terms, covering inducement of a credit consumer, including through an advertisement, by a misleading, false or deceptive statement, illustration, promise, forecast or comparison, by dishonestly concealing or ambiguously providing material facts, or by recklessly making such a statement. Section 87(2) sets a fine not exceeding five million ringgit or imprisonment not exceeding five years or both, and Schedule 7 excludes subsection 87(1) from the monetary penalty route, leaving prosecution. Section 87 sits in Part VII. The Suruhanjaya Kredit Pengguna, the regulator the Act creates, publishes the commencement dates on its own site, retrieved for this guide on 16 September 2026 and listed in the sources below: the Act was gazetted on 31 December 2025, every Part except Part V came into force on 1 March 2026, and Part V, which covers licensing and includes section 79, took effect on 1 June 2026. That regime is already worked through for an advertiser running instalment offers in the guide to ",[295,559,561],{"href":560},"\u002Fblog\u002Felectronics-gadget-facebook-ads-malaysia","electronics and gadget advertising rules in Malaysia",", and there is no reason to restate it here.",[17,564,565],{},"Two things in Act 873 speak directly to a moneylender, and they are not in that guide. Section 2(3) provides that the Act shall be read together with the relevant written laws and that its provisions shall be in addition to, and not in derogation of, those laws, listing the Moneylenders Act 1951 at paragraph (h). Act 873 does not repeal or amend Act 400. It stacks on it, which means a licensed moneylender now answers to the Registrar for the permit and to the conduct regime for what the permit-bearing advertisement says.",[17,567,568],{},"And section 85(1)(b) tells you where this is heading. It provides that regulations under section 122 and standards or guidelines under section 123 of that Act may include provision for the promotion of any credit business or credit service business, including through the issuance or publication of an advertisement. That is an express rulemaking power over credit advertising. Nothing has been made under it that this guide could locate, but a lender building a two-year compliance plan should know the hook exists.",[12,570,572],{"id":571},"sabah-sarawak-and-labuan-get-the-same-act-and-a-different-enforcer","Sabah, Sarawak and Labuan get the same Act and a different enforcer",[17,574,575],{},"Section 1(2) of Act 400 is one line: this Act shall apply to the whole of Malaysia. Nobody advertising a loan in Kota Kinabalu or Kuching is outside the licensing duty or the advertisement permit duty.",[17,577,578],{},"The confusion comes from the register. KPKT publishes a list of licensed moneylenders as open data, and the dataset note explains its own scope:",[24,580,581],{},[17,582,583],{},"Senarai Pemberi Pinjam Wang (Kredit Komuniti) tidak termasuk Sabah, Sarawak dan W.P. Labuan kerana penguatkuasaan PPW berlesen di negeri tersebut bukan di bawah bidang kuasa KPKT.",[17,585,586],{},"The list excludes Sabah, Sarawak and W.P. Labuan because enforcement of licensed moneylenders there is not within KPKT's jurisdiction. That is an administrative boundary, not a territorial gap in the Act. The same note records that from April 2019 moneylending companies are also known as kredit komuniti, which is why the Registrar's prescribed artwork carries the community credit wordmark rather than a moneylending one. Section 29J(b) of the Act separately assigns fees for advertisement permits prescribed under the Moneylenders (Control and Licensing) Regulations 2003, P.U. (A) 400\u002F2003, to the States of Sabah and Sarawak as assigned proceeds, which is the Act itself acknowledging that the permit fee is collected there under a different arrangement.",[17,588,589],{},"The published counts give a sense of the licensed population, with two dates that have to travel with the number. The file is a KPKT open dataset whose record on the archived data.gov.my was last updated on 15 June 2023, and its most recent list year is 2021.",[113,591,594],{"caption":592,"title":593},"Entries for list year 2021 in KPKT's Senarai Pemberi Pinjam Wang open dataset last updated 15 June 2023, counted from the CSV, covering 13 states and federal territories and excluding Sabah, Sarawak and W.P. Labuan.","Licensed community credit operators by state on KPKT's 2021 list",[118,595,596,606],{},[121,597,598],{},[124,599,600,603],{},[127,601,602],{},"State or federal territory",[127,604,605],{},"Entries for list year 2021",[137,607,608,616,624,632,640,648,656,664,672,680,688,696,703,710],{},[124,609,610,613],{},[142,611,612],{},"Selangor",[142,614,615],{},"960",[124,617,618,621],{},[142,619,620],{},"W.P. Kuala Lumpur",[142,622,623],{},"647",[124,625,626,629],{},[142,627,628],{},"Johor",[142,630,631],{},"408",[124,633,634,637],{},[142,635,636],{},"Pulau Pinang",[142,638,639],{},"346",[124,641,642,645],{},[142,643,644],{},"Perak",[142,646,647],{},"309",[124,649,650,653],{},[142,651,652],{},"Kedah",[142,654,655],{},"182",[124,657,658,661],{},[142,659,660],{},"Negeri Sembilan",[142,662,663],{},"168",[124,665,666,669],{},[142,667,668],{},"Pahang",[142,670,671],{},"116",[124,673,674,677],{},[142,675,676],{},"Melaka",[142,678,679],{},"96",[124,681,682,685],{},[142,683,684],{},"Terengganu",[142,686,687],{},"35",[124,689,690,693],{},[142,691,692],{},"Perlis",[142,694,695],{},"17",[124,697,698,701],{},[142,699,700],{},"Kelantan",[142,702,500],{},[124,704,705,708],{},[142,706,707],{},"W.P. Putrajaya",[142,709,458],{},[124,711,712,715],{},[142,713,714],{},"Total",[142,716,717],{},"3,301",[17,719,720],{},"Use that table for what it is: a list for 2021, last updated in 2023, not a current register. It tells you the licensed market is in the low thousands and heavily concentrated in Selangor and Kuala Lumpur. It does not tell you how many licences are live today, and no current KPKT register figure was available for this guide.",[12,722,724],{"id":723},"metas-layer-is-separate-and-it-starts-by-banning-the-offer","Meta's layer is separate, and it starts by banning the offer",[17,726,727],{},"Platform policy is a second gate, and for lending it is unusually blunt: some loan products cannot be advertised on Meta at all, regardless of how well licensed the advertiser is in Malaysia.",[17,729,730,731,735,736,740],{},"The prohibited financial products list, including Payday Loans, Salary Advances and Short-term Loans of 90 days or less, is already set out in full in the guide to ",[295,732,734],{"href":733},"\u002Fblog\u002Ffacebook-ad-policy-prohibited-content-list","Meta's prohibited content list",", and the targeting-side question of which campaigns fall into a special ad category, including the retirement of the CREDIT value in favour of FINANCIAL_PRODUCTS_SERVICES, is covered in the guide to ",[295,737,739],{"href":738},"\u002Fblog\u002Ffacebook-ad-special-ad-category","Meta's Special Ad Category",". Read those for the platform layer rather than a summary here.",[17,742,743],{},"One point of restraint is worth making explicitly, because it is the claim most often invented on this topic. Meta's financial services standard, quoted in the prohibited-content guide linked above and re-checked on 16 September 2026, says advertisers may be required to be licensed in the country that they are targeting, and it publishes no country list. Malaysia is not named on it. So no published Meta policy supports the claim that Meta requires evidence of a KPKT licence, a Bank Negara authorisation or a Suruhanjaya Kredit Pengguna registration from a Malaysian lender. Meta may ask, and account-level experiences vary. That is a different sentence from a published requirement, and the difference matters when you are budgeting a launch date around a verification queue.",[17,745,746],{},"Also note which direction the two rulebooks run. A Malaysian advertisement permit does not make an ad eligible on Meta if the product is on the prohibited list. Meta approval does not create a permit under section 11(1). Neither is a defence to the other.",[12,748,750],{"id":749},"what-this-guide-cannot-tell-you","What this guide cannot tell you",[17,752,753],{},"A compliance page that hides its own gaps is worth less than one that names them. Here is what was not established, in the order it is likely to matter.",[17,755,756,759],{},[93,757,758],{},"Whether the Act 400 penalty bands have moved since the reprint."," AGC's amendment-timeline page for Act 400 returns the literal string \"Invalid request\" to every URL spelling tried, on two separate passes, and the gazette portal did not respond. Every figure on this page is therefore the reprint as at 1 October 2017, whose internal tables end at P.U. (A) 204\u002F2017. That is the best available record and it is not the same as a confirmation.",[17,761,762,765],{},[93,763,764],{},"The text of regulation 8 of the Moneylenders (Control and Licensing) Regulations 2003."," The instrument number P.U. (A) 400\u002F2003 is safe, because section 29J(b) of the Act names it. The regulation's wording was not retrieved. A list of mandatory signboard particulars attributed to regulation 8 circulates widely on Malaysian legal-summary pages, and none of it is quoted here, because it came from secondary summaries rather than the instrument. The equivalent content is taken from KPKT's own prescribed format instead, which was read directly.",[17,767,768,771],{},[93,769,770],{},"The compounding regulations and the online lending guideline."," KPKT's own licensing guideline names a set of moneylender compounding regulations dated 2018, and a 2021 guideline on online moneylending surfaced in search. Neither was retrieved, so neither is cited, and no P.U. number is attached to either here.",[17,773,774,777],{},[93,775,776],{},"How the Registrar administers a permit for a digital advertisement."," Whether a permit has ever been granted for a social media advertisement rather than a premises signboard, what the prescribed form under section 11A requires, how long a permit runs and how a creative variant is treated are all administrative questions this guide could not answer from a published source.",[17,779,780,783],{},[93,781,782],{},"Any enforcement volume."," Figures for takedowns of illegal loan advertising circulate in news aggregation. None was confirmed against an MCMC or KPKT publication, so none appears on this page in any form.",[17,785,786,789],{},[93,787,788],{},"A current count of licensed moneylenders."," KPKT's published list stops at list year 2021. No 2024, 2025 or 2026 register figure was located.",[17,791,792,795],{},[93,793,794],{},"Whether Bank Negara has issued a later transparency policy document."," The 2 December 2024 edition is real, dated and read in full. BNM's index page for it did not resolve, so a superseding edition is neither confirmed nor excluded.",[17,797,798,801],{},[93,799,800],{},"The monetary penalty a paragraph 13 breach would actually attract."," Section 234(3)(b)(i) of the Financial Services Act sets the amount by reference to an order published in the Gazette under section 236, and falls back to the five million ringgit and one million ringgit limbs only where no such order has been made. No section 236 order was retrieved for this guide, so the enforcement chain above is given as a structure and never as a number.",[17,803,804,807],{},[93,805,806],{},"The paid-up capital threshold on the developer's side of the permit comparison."," The RM2 million figure commonly quoted for the APDL under the Housing Development (Control and Licensing) Act 1966 was not checked against the Housing Development (Control and Licensing) Regulations 1989 for this guide. The Act 400 side of that comparison was checked: paragraph 4.2 of KPKT's licensing guideline was read directly.",[17,809,810],{},"Take the unsettled parts to a Malaysian adviser with the instruments in hand, and to the Registrar's office for anything about how a permit is actually issued.",[12,812,814],{"id":813},"a-pass-to-run-before-the-next-loan-advertisement-goes-live","A pass to run before the next loan advertisement goes live",[17,816,817],{},"Work down this in order. The first two questions decide whether there is a campaign at all.",[819,820,821,825,828,831,834,837,840,843,846,849],"ol",{},[822,823,824],"li",{},"Is the advertiser licensed under the Moneylenders Act 1951, and is the licence currently valid rather than expired, suspended or revoked? If not, stop. The advertisement is the offence under section 5(2), and no creative edit fixes it.",[822,826,827],{},"Is the advertiser instead a person specified in the First Schedule, most commonly an authorised person under the Financial Services Act 2013 or the Islamic Financial Services Act 2013, or a prescribed institution under the Development Financial Institutions Act 2002? If so, Act 400 does not apply at all under section 2A(1), and the working rulebook is Bank Negara's paragraph 13.",[822,829,830],{},"For a licensee: has the Registrar granted an advertisement permit in respect of this advertisement, not merely in respect of the business?",[822,832,833],{},"Does every rate shown sit at or below 12% per annum secured and 18% per annum unsecured, expressed the way the Act expresses them?",[822,835,836],{},"Does any expression in the asset risk implying that the advertiser carries on the business of banking? Read section 12 against the copy, the visual language and the account or deposit vocabulary.",[822,838,839],{},"Does the ad claim approval without documents, without collateral, or on a timeline the underwriting cannot support? Test it against Schedule 6 item 2 of the Consumer Credit Act 2025, which reaches ambiguity and omission as well as outright falsehood.",[822,841,842],{},"For a Bank Negara regulated advertiser: is the provider's name clearly displayed, is the effective lending or financing rate shown where a rate is promoted, is nothing described as free or at no cost where a charge or condition may arise, and is any required risk warning boxed?",[822,844,845],{},"Is the product itself eligible on the platform before anything else? Payday loans, salary advances and short-term loans of 90 days or less are prohibited outright by Meta, whatever your Malaysian licensing looks like.",[822,847,848],{},"Is anyone else publishing this creative on the advertiser's behalf, such as an agency, a media buyer or an affiliate? Section 11(1) reaches an advertisement caused to be published, so the permit question follows the asset wherever it goes.",[822,850,851],{},"Does the compliance documentation name the statute behind every permit it mentions, so nobody confuses the advertisement permit under Act 400 with the developer's APDL under the Housing Development (Control and Licensing) Act 1966?",[17,853,854,855,859],{},"One last framing point for anyone whose campaign quotes a monthly instalment rather than a rate. The Hire-Purchase Act 1967 regulates the agreement and the pre-contract disclosure rather than the advertisement, a point already established with a full-text check of Act 212 in the guide to ",[295,856,858],{"href":857},"\u002Fblog\u002Fautomotive-facebook-ads-malaysia","automotive advertising in Malaysia",". That is a useful negative and it is easy to over-read. It tells you one statute is silent on your creative. It says nothing about Act 400, which is not silent at all, or about Act 873, which names the advertisement expressly.",{"title":861,"searchDepth":862,"depth":862,"links":863},"",2,[864,865,866,867,868,869,870,871,872,873,874,875,876],{"id":14,"depth":862,"text":15},{"id":48,"depth":862,"text":49},{"id":85,"depth":862,"text":86},{"id":189,"depth":862,"text":190},{"id":205,"depth":862,"text":206},{"id":402,"depth":862,"text":403},{"id":420,"depth":862,"text":421},{"id":514,"depth":862,"text":515},{"id":553,"depth":862,"text":554},{"id":571,"depth":862,"text":572},{"id":723,"depth":862,"text":724},{"id":749,"depth":862,"text":750},{"id":813,"depth":862,"text":814},null,"local","A Malaysian loan ad needs its own permit from the Registrar of Moneylenders, not just a licence. What section 11 of Act 400 requires, what the prescribed signboard format actually covers, and who sits outside the Act.",[],"md",[883,886,889,892,895,898,901],{"question":884,"answer":885},"Do I need one permit for the business or a permit for every loan ad?","Read section 11(1) of the Moneylenders Act 1951 closely, because the grammar decides it. The subsection says no advertisement regarding the business of moneylending carried on by a licensee shall be issued or published or caused to be issued or published by the licensee unless an advertisement permit in respect of that advertisement has been granted by the Registrar. The permit attaches to the advertisement, not to the advertiser and not to the campaign. Nothing in the Act tells you how granular the Registrar treats that in practice, and no published permit decision was available to check, so the honest position is that the text points at per-advertisement permitting and the administrative practice sits with the Registrar. Section 11(2) puts a fine not exceeding ten thousand ringgit or twelve months or both behind a contravention, on the Attorney General's Chambers updated text of reprint as at 1 October 2017.",{"question":887,"answer":888},"I am not a licensed moneylender. Can I still advertise a loan?","No, and the exposure is much larger than an advertising offence. The reason is grammatical. Section 2 of Act 400 puts advertising inside the definition of a moneylender rather than beside it, so a person who advertises the business is a moneylender for the Act's purposes whether or not a loan is ever written. Section 5(1) makes that conduct unlawful without a licence, and section 5(2) carries a fine of not less than RM250,000 and not more than RM1,000,000, or up to five years, or both, with whipping in addition on a second or subsequent offence. All three provisions are quoted in full in the section on advertising without a licence above. The practical consequence is the part worth carrying away. The advertisement completes the offence, so no edit to the creative makes the campaign compliant, and the only fix is a licence.",{"question":890,"answer":891},"Does the Moneylenders Act reach a Facebook or Instagram ad?","It reaches it by ordinary meaning, not by express mention, and the distinction matters when someone quotes the Act at you. Act 400 contains no definition of the word advertisement at all, and the words internet, website, social media, electronic and digital appear nowhere in the Act's text. What section 11(1) says is an advertisement regarding the business of moneylending, with no medium attached and no carve-out for any channel. A paid social ad, a boosted post and a printed flyer are the same object to that subsection. The Act does not expressly cover social media. A summary that says it does is describing the section's effect rather than quoting its words, which is worth knowing before you build an argument on it.",{"question":893,"answer":894},"Do I have to use KPKT's lavender signboard artwork in my Facebook ad?","That artwork is a papan tanda, a physical premises signboard, and no instrument located for this guide extends it to a social feed ad. Item 8.4 of KPKT's Garis Panduan Urusan Pelesenan Kredit Komuniti prescribes it in AI format at 2 feet by 6 feet and 300 pixels per inch, mandates a lavender header band carrying the PERKHIDMATAN KREDIT KOMUNITI wordmark, requires a QR code that is the actual code at the time of the advertisement permit application and is displayed at the front of the premises, and adds that the size remains subject to local authority approval. A specification sized by the PBT, carrying a physical QR code and displayed in front of your shop is not a creative rule for a feed placement. What does carry into digital is section 11(1) itself, which asks whether that advertisement has a permit, whatever it is printed on.",{"question":896,"answer":897},"Our bank is licensed by Bank Negara. Do we need a KPKT advertisement permit?","No. Section 2A(1) of Act 400 provides that the Act shall not apply to a person specified in the First Schedule, and such person shall be subject to any written law governing his business or activity. The First Schedule runs to fourteen items and covers, among others, authorised persons under the Financial Services Act 2013 at item 3, authorised persons under the Islamic Financial Services Act 2013 at item 4, prescribed institutions under the Development Financial Institutions Act 2002 at item 6, and Labuan banks and Labuan insurance licensees at items 13 and 14. The First Schedule was last amended by P.U. (A) 204\u002F2017 with effect from 1 August 2017 on the reprint's own record. What replaces the permit is not lighter: Bank Negara Malaysia's Product Transparency and Disclosure policy document, BNM\u002FRH\u002FPD 028-136, devotes paragraph 13 to advertising, and paragraph 3.1 records that the requirements are specified pursuant to section 123 of the Financial Services Act, section 135 of the Islamic Financial Services Act and section 42C of the Development Financial Institutions Act.",{"question":899,"answer":900},"What interest rate is a Malaysian moneylender's ad allowed to show?","Section 17A(1) of Act 400 provides that the interest for a secured loan shall not exceed twelve per centum per annum and the interest for an unsecured loan shall not exceed eighteen per centum per annum. Section 17A(3) is what voids an agreement that goes above either rate, and section 17A(4) makes a contravening licensee liable to a fine not exceeding twenty thousand ringgit or imprisonment not exceeding eighteen months or both. KPKT's prescribed signboard puts those two numbers on the artwork in terms, as KADAR FAEDAH PINJAMAN TIDAK MELEBIHI 12% SETAHUN (BERCAGAR) 18% SETAHUN (TIDAK BERCAGAR). Separately, watch the vocabulary around them. Section 12 makes it an offence for a moneylender to issue or publish an advertisement, circular or document of any kind containing expressions which might reasonably be held to imply that he carries on the business of banking, with a fine not exceeding ten thousand ringgit. Bank-adjacent framing in a lender's creative is its own provision, not a stylistic preference.",{"question":902,"answer":903},"Do the rules differ in Sabah, Sarawak and Labuan?","The Act does not. Section 1(2) of Act 400 states that the Act shall apply to the whole of Malaysia, so the licensing duty and the advertisement permit duty do not stop at the South China Sea. What differs is who administers it, which is why the KPKT register looks the way it does. The dataset note on KPKT's own published list of licensed moneylenders states that the list excludes Sabah, Sarawak and W.P. Labuan because enforcement of licensed moneylenders in those places is not within KPKT's jurisdiction. Section 29J(b) of the Act separately assigns fees for advertisement permits prescribed under the Moneylenders (Control and Licensing) Regulations 2003 to the States of Sabah and Sarawak as assigned proceeds. Practical consequence for a lender advertising nationally: the duty is uniform, the counter you deal with is not.","\u002Fimages\u002Fblog\u002Fcredit-loan-ad-rules-malaysia-hero.webp","You have a financing offer, a clean creative, and a media plan. Before any of that matters in Malaysia, two questions come first: whether you are allowed to publish a loan advertisement at all, and whether this particular advertisement has been permitted. Those are two different documents issued by the same Registrar, and the gap between them is where most lending campaigns are already non-compliant. What follows is what the instruments say, quoted, with the dates they carry.",{"reviewedAt":907},"2026-09-16",true,"\u002Fblog\u002Fcredit-loan-ad-rules-malaysia","2027-01-23",{"title":5,"description":879},[913,917,921,925,929,933,937],{"label":914,"url":915,"year":916},"Laws of Malaysia, Act 400: Moneylenders Act 1951, Online Version of Updated Text of Reprint As at 1 October 2017, Attorney General's Chambers","https:\u002F\u002Flom.agc.gov.my\u002Filims\u002Fupload\u002Fportal\u002Fakta\u002FLOM\u002FEN\u002F05072021_Act%20400_final.pdf","2017",{"label":918,"url":919,"year":920},"KPKT, Garis Panduan Urusan Pelesenan Kredit Komuniti, Pendaftar Pemberi Pinjam Wang, Kementerian Perumahan dan Kerajaan Tempatan, signed 9 August 2019","https:\u002F\u002Fwww.kpkt.gov.my\u002Fkpkt\u002Fresources\u002Fuser_1\u002FMENGENAI%20KPKT\u002FBORANG\u002FBPWG\u002FPPW\u002FPPW_PELESENAN\u002FGARIS_PANDUAN_URUSAN_PELESENAN_KREDIT_KOMUNITI.pdf","2019",{"label":922,"url":923,"year":924},"Laws of Malaysia, Act 873: Consumer Credit Act 2025, published text, Attorney General's Chambers","https:\u002F\u002Flom.agc.gov.my\u002Filims\u002Fupload\u002Fportal\u002Fakta\u002Foutputaktap\u002F3272203_BI\u002FAct%20873%20-%20CONSUMER%20CREDIT%20ACT%202025.pdf","2025",{"label":926,"url":927,"year":928},"Bank Negara Malaysia, Policy Document on Product Transparency and Disclosure, BNM\u002FRH\u002FPD 028-136, issued 2 December 2024","https:\u002F\u002Fwww.bnm.gov.my\u002Fdocuments\u002F20124\u002F938039\u002Fpd_product_transparency_and_disclosure_dec2024.pdf","2024",{"label":930,"url":931,"year":932},"Laws of Malaysia, Act 758: Financial Services Act 2013, Online Version of Updated Text of Reprint As at 1 August 2021, latest amendment P.U. (A) 51\u002F2021 in operation from 10 February 2021","https:\u002F\u002Fwww.investmalaysia.gov.my\u002Fmedia\u002Fxrnl0vfp\u002Ffinancial-services-act-2013.pdf","2021",{"label":934,"url":935,"year":936},"KPKT Bahagian Kawalan Kredit Komuniti, Senarai Pemberi Pinjam Wang, open dataset on the archived data.gov.my, CSV last updated 15 June 2023","https:\u002F\u002Farchive.data.gov.my\u002Fdata\u002Fms_MY\u002Fdataset\u002Fsenarai-pemberi-pinjam-wang","2023",{"label":938,"url":939,"year":940},"Suruhanjaya Kredit Pengguna, published answers on the gazetting and commencement of the Consumer Credit Act 2025, skp.gov.my, retrieved 16 September 2026","https:\u002F\u002Fwww.skp.gov.my\u002F","2026",[942,946,950,954,957,961,965],{"label":943,"value":944,"source":945},"Advertising or holding yourself out as a moneylender without a licence","Fine of not less than RM250,000 and not more than RM1,000,000, or up to 5 years, or both, with whipping in addition on a second or subsequent offence","Moneylenders Act 1951 (Act 400) s.5(2), AGC online version of updated text of reprint as at 1 October 2017",{"label":947,"value":948,"source":949},"A licensed moneylender publishing an advertisement without an advertisement permit","Fine not exceeding RM10,000, or imprisonment not exceeding 12 months, or both","Moneylenders Act 1951 (Act 400) s.11(1)-(2), AGC updated text of reprint as at 1 October 2017",{"label":951,"value":952,"source":953},"Statutory interest ceilings a moneylender's advertisement must not overstate","12% per annum secured, 18% per annum unsecured, with a contravening licensee liable to a fine not exceeding RM20,000 or 18 months or both","Moneylenders Act 1951 (Act 400) s.17A(1), (3) and (4), AGC updated text of reprint as at 1 October 2017",{"label":955,"value":172,"source":956},"Advertisement implying a moneylender carries on the business of banking","Moneylenders Act 1951 (Act 400) s.12, AGC updated text of reprint as at 1 October 2017",{"label":958,"value":959,"source":960},"Minimum paid-up capital to apply for a new community credit licence","RM2.0 million at the point of application","KPKT, Garis Panduan Urusan Pelesenan Kredit Komuniti, para 4.2, signed 9 August 2019",{"label":962,"value":963,"source":964},"Prescribed community credit advertisement signboard","Artwork in AI format, 2 feet x 6 feet, 300 pixels per inch, with a mandatory lavender header band carrying the PERKHIDMATAN KREDIT KOMUNITI wordmark, plus the community credit logo, the company name and operating address, the licence and advertisement permit numbers, the Act 400 interest ceilings, a QR code and https:\u002F\u002Faduan.kpkt.gov.my","KPKT, Garis Panduan Urusan Pelesenan Kredit Komuniti, para 4.9.1 and item 8.4, signed 9 August 2019",{"label":966,"value":967,"source":968},"Licensed moneylenders on KPKT's most recent published list","3,301 entries for list year 2021 across 13 states and federal territories, excluding Sabah, Sarawak and W.P. Labuan","KPKT Bahagian Kawalan Kredit Komuniti open dataset on the archived data.gov.my, CSV last updated 15 June 2023, counted from the file","blog\u002Fcredit-loan-ad-rules-malaysia","igFnU90pMtUmshpcDTEPLN6Eog4DX01qzFWkslYYw7A",1789556316713]