How to Identify a Legal Licensed Moneylender in Johor Bahru, Malaysia (KPKT): 3 Key Checks to Avoid Loan Scams

Searching for a licensed moneylender in Johor Bahru or anywhere in Malaysia? Before you share documents or sign any agreement, use these 3 key checks to verify a legal KPKT licensed moneylender and avoid common loan scams in Malaysia.

This guide is useful for borrowers in Johor Bahru (JB), Iskandar Puteri, Nusajaya, Gelang Patah, Skudai, Kulai, Masai, Permas Jaya, and nearby areas.

1) Verify the KPKT Licence (Licensed Moneylender Malaysia)

A legal moneylender in Malaysia should be able to show clear licence information (often referred to as a KPKT licensed moneylender). Do not rely on random screenshots or unofficial claims.

• What to do: Ask for the lender’s licence details and company information. Verify using proper official channels when possible.
• Red flags: Refusing to share licence details, sending blurry/cropped images only, or asking you to “trust first, verify later”.

2) Check the Loan Agreement: Total Repayment Must Be Clear

A proper loan agreement should clearly state the numbers and repayment details, including:

• Loan amount
• Interest rate
• Repayment duration / schedule
• Monthly repayment
• Total repayment amount

• What to do: Read the agreement carefully and ensure the total repayment is written clearly (not only explained verbally).
• Red flags: Asking you to sign blank/incomplete pages, “we fill in later” promises, or changing figures after you agreed verbally.

3) Avoid Scam Tactics: Pressure, Secrecy & Unusual Payments

Many loan scam Malaysia cases follow the same pattern: high pressure + unclear steps. A legitimate process should feel documented, transparent, and traceable.

• Requesting advance fees before any proper agreement (e.g., “processing fee”, “release fee”)
• Asking for your OTP, bank login, or remote access to your phone
• Forcing urgent decisions (“sign now or lose the offer”)
• Asking you to transfer money to personal accounts with unclear records

Quick Checklist (Save This)

• ✅ Licence details can be shown clearly
• ✅ Agreement states interest + duration + total repayment clearly
• ✅ No OTP / bank login / remote access request
• ✅ No suspicious “pay first” requirement
• ✅ Process is professional and consistent

FAQ (SEO)

Q1: What is a licensed moneylender in Malaysia?

A licensed moneylender is a company operating with valid licence documentation and proper written agreements under Malaysia’s regulatory framework.

Q2: How do I avoid loan scams in Malaysia?

Verify licence details, read the agreement carefully (especially the total repayment), and never share OTP/bank access or pay suspicious upfront fees.

Q3: I’m in Johor Bahru—does the checking process change?

The checks are the same. If you’re looking for a Johor Bahru licensed moneylender, always verify the licence and written terms before proceeding.

Contact (Johor Bahru / Iskandar Puteri)

Ph Capital Solution Sdn Bhd

Address: No. 132A, Jalan Sentral 1, Taman Nusa Sentral, 79100 Iskandar Puteri, Johor

WhatsApp: Click to WhatsApp Us (018-918 9669)
Company No: 018-918 9669

If you want, you can message us for a quick verification and a basic contract check before you proceed. It is always safer to verify early than to fix problems later.