BNM Financial Module Starting 2027 — Good Step for Borrowers, Common Practice at KOWAJA
Bank Negara Malaysia recently announced that starting 1 January 2027, personal loan applicants over RM100,000 will be required to complete a 15-minute financial education module. Through collaboration with AKPK, this module provides a clearer understanding of interest rates, penalty charges and financing terms, so that borrowers truly understand the commitment they are about to make.
This step was taken in an effort to raise awareness and ensure that each individual makes more careful financial decisions, especially since large loans come with great responsibility. The RM100,000 threshold was chosen because it is associated with the risk of inability to repay, as has happened to a small proportion of borrowers in several existing schemes.
In addition, this new policy also emphasizes transparency in the disclosure of interest rates and the prohibition of the use of flat rates. All of this is aimed at building a healthier financing ecosystem and protecting consumers.
At KOWAJA, this approach is not foreign. For a long time, we have prioritized the understanding of Members before they make financing decisions. Each application is scrutinized with full responsibility so that financing truly benefits and does not burden the borrower’s future. For us, financing is not just an approval — it is support to help people organize their lives more orderly.
This is the principle we hold: we don’t just look at the numbers, we look at you.
If you are considering personal financing that is transparent, easy to manage and suitable for current needs, KOWAJA is always ready to help you make a more confident choice.
Learn more or check your eligibility briefly on the official KOWAJA platform. We are always committed to being a financial partner you can trust.