Who we are?
Cashwagon is a company focused on micro-financing in the money lending industry and we aim provide the best professional solution to your financial needs in Malaysia.
We provide premium financial services to your everyday needs without any collateral requirements. Easy approval procedures with the shortest processing time will make the loan application simple and fast.
Cashwagon offers an innovative approach to consumer loan products, which allows us to adapt to your varying needs.
What is the interest rate?
Upon approval, Interest rate not exceeding 12% Per Annum (with collateral) and 18% Per Annum (without collateral)
What are the charges if I default on my payment?
No, there will be no late interest charge. However, if you default on your payment, we will appoint a Debt Collection Agency to collect the payment from you. All fees incurred will be charged to you.
Are there any other costs?
Yes, there are some statutory chargeable fees that you need to pay such as stamp duty and legal costs.
Who can apply for the loan?
Cashwagon currently offers loan services to customers: 1. Between 20 to 60 years old; and 2. Currently employed and with a valid home address in Peninsular Malaysia only
What do I need to prepare for the loan application?
You only need to provide the following document:
How would I know if my loan is approved?
Which cities does Cashwagon currently offer the loan?
Cashwagon currently provides loan services to customers working and with a valid home address within West Malaysia only. We will expand our coverage in the near future to provide personal loan solutions to customers residing in other states of the country.
I applied but did not receive loan verification message (SMS) from Cashwagon. What should I do?
How long will it take to receive the loan?
We aim to process and release your funds within 24 hours after approval. We will send you a text message (SMS) and email once the cash is transferred to your personal bank account.
Making Payments to Us
When is my loan due?
We have included a section in your contract (sent to your email address) with details of your loan maturity date and on when you need to make your loan repayment. We advise paying on or before the due date in order to avoid any penalty charges.
What methods can I use to repay my loan?
Make your payment through the following channels:
- Make a payment through JomPAY at any ATM Machines.
- Make a payment through JomPAY by using your own Internet Banking Account.
Can I repay early possible?
Yes, early repayment is possible without any penalties or charges.
What happens if my repayment is late?
We advise to pay your dues on or before of the maturity date. For late repayment, you will be liable to pay all the fees charged by the Debt Collection Agency.
I have fully repaid my loan and would like to continue using the service. What should I do?
Can I take another loan?
We thank you for continuing to trust us in providing you with your immediate financial needs. To continue using our service, you can apply online through our website. We welcome Repeat Loans. If you are a borrower with good payment standing at Cashwagon, we make it very easy for you to reloan. Just use Repeat Loan section of the website or give us a call at 1300-800-777 and inform our Customer Service Representatives that you would like to RELOAN and they will guide you through. Thank you!