Licensed Moneylender Malaysia Know Who You Can Trust
Many Malaysians fall victim to illegal lenders because they never check the license before applying. RM WEALTH SDN BHD is a fully licensed moneylender registered with the Ministry of Local Government Development KPKT and the Companies Commission of Malaysia SSM.
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Why You Should Choose A Licensed Moneylender
Every year, many Malaysians fall victim to illegal lenders, often called loan sharks or along, who charge uncontrolled interest and use intimidation tactics. A licensed moneylender operates under the Moneylenders Act 1951 and is subject to a regulated interest rate cap.
RM WEALTH SDN BHD is fully registered with the Ministry of Local Government Development KPKT and the Companies Commission of Malaysia SSM, and operates transparently under the guidelines set out by these authorities.
How To Verify A Moneylender License
Before applying with any company, follow these steps to confirm it is legitimate.
Ask For The KPKT License Number
A legitimate company will readily provide its KPKT license number without hesitation.
Check The Official KPKT Portal
Verify that license number through the official KPKT website before proceeding with an application.
Check SSM Registration
Ensure the company is also registered with the Companies Commission of Malaysia SSM as a legitimate business entity.
Licensed Moneylender Versus A Loan Shark
✓ Licensed Moneylender
- Has a verifiable KPKT license number
- Issues official receipts and written agreements
- Interest is regulated within legal limits
- No threats or intimidation
✕ Loan Shark (Illegal)
- No license or refuses to show proof
- No documents or written agreement
- Uncontrolled compound interest
- Uses threats and intimidation tactics
Who Is Eligible To Apply With Us
- Malaysian citizen aged 18 and above
- Living or working in the Kuala Lumpur or Selangor area
- Has a steady income through bank salary, cash, or another source
Frequently Asked Questions About Licensed Moneylenders
How do I know if a moneylender is licensed
Ask for the company's KPKT license number and verify it through the official Ministry of Local Government Development KPKT portal. A legitimate company will readily provide this number.
What is the difference between a licensed moneylender and a loan shark
A licensed moneylender is registered with KPKT and SSM, issues official receipts, and is subject to a regulated interest rate cap. A loan shark operates illegally without a license, has no official documents, and often uses threats.
What are the risks of borrowing from a loan shark
A loan shark can charge uncontrolled compound interest, use intimidation and threats, and provides no legal documentation to protect the borrower.
Is RM Wealth a licensed moneylender
Yes. RM WEALTH SDN BHD is registered with the Ministry of Local Government Development KPKT under license number KPKT/BL/19/W7399/10/01 and registered with SSM 1348786-U.
What should I do if I think I have been scammed by a loan shark
Keep all records of communication and file a report with the police or KPKT immediately. Avoid making any further payments under pressure.
Want To Verify Us As A Licensed Company
Contact us directly to verify our license and SSM registration.