Introducing Repay Rewards: 0.5% Cashback for Paying On Time
MyLoanCredits now rewards good repayment. Earn 0.5% cashback on every on-time monthly payment — tracked automatically, paid when your loan completes.
Reviewed and updated by the MyLoanCredits editorial team.
Most lenders only talk to you when something goes wrong. A missed payment triggers a call; a late one triggers a charge. Pay perfectly for three years and what do you get? Silence.
We think that's backwards. So today we're launching Repay Rewards — the loan that pays you back for paying on time.
How it works
The mechanics are deliberately simple:
- Every on-time monthly repayment earns 0.5% of that payment as cashback. Pay RM664.29 on or before the due date, and RM3.32 goes into your rewards balance.
- It's tracked automatically. No vouchers, no codes, no claiming windows. If the payment arrives on time, the reward is recorded.
- You're paid when the loan completes. Once your final instalment clears, your full cashback balance is transferred to your bank account — one clean payout.
- A missed month only costs that month's reward. Everything you've already earned stays intact, and you start earning again the next on-time payment.
What it's worth in ringgit
Take a typical loan: RM20,000 over 36 months at 12% p.a. That's a monthly repayment of RM664.29, and a total of RM23,914 repaid.
Pay every month on time, and 0.5% of every payment comes back to you — about RM119 landing in your account when the loan closes. On larger loans, it scales: a RM50,000 loan over 60 months returns roughly RM334 for a perfect repayment record.
It won't buy you a car. But it's real money for doing something you were going to do anyway — and we don't know another lender in Malaysia offering it. (If we're wrong about that, we're happy to be in good company.)
Why we're doing this
Two honest reasons.
First, incentives should point the same direction. A lender profits when you borrow; a good lender profits when you borrow well. Rewarding on-time payment aligns what's good for you — a clean CCRIS record, no late charges, a finished loan — with what's good for us.
Second, it keeps us accountable. A cashback promise tied to on-time payments only works if our side of the process is smooth: clear due dates, timely reminders, payment methods that don't fail at 11:58pm. Repay Rewards makes friction our problem, not yours.
The fine print, in plain sight
- Cashback applies to payments made on or before the due date stated in your loan agreement.
- The reward is 0.5% of the monthly instalment amount (principal + interest).
- Cashback is paid within 14 days of full settlement — including early settlement, which remains penalty-free. Settle early and you keep every reward already earned.
- Full terms are set out in your loan agreement, and the programme applies automatically to new loans from today.
No asterisks doing heavy lifting. That's the whole deal.
Start earning it back
Repay Rewards is live for every new loan from today — nothing extra to sign up for. If you are weighing it against an existing commitment, our guides on debt consolidation and improving your approval chances are the place to start. Check your rate with our repayment calculator, read how the process works, and when you're ready, apply online in about 3 minutes. Your personal loan now comes with a built-in reason to feel good on payday.