(Laju Dana) Loan App SIM

(Laju Dana) Loan App SIM is an independent, unofficial Android app: a loan simulation app, calculator and complete guide to personal loan costs in Malaysia, working only on figures you type in.

What the app does

The developer describes it in one line: a loan simulation app, a calculator and a complete guide to personal loan costs in Malaysia. You type in the numbers, the app does the arithmetic, and the guide explains the words. All figures are estimates for planning purposes only, and the developer says to verify the actual terms directly with Lajudana.

What it does not do

It is an independent educational app. Laju Dana Loan is not an official representative of Lajudana and is not affiliated, endorsed or related to Lajudana, nor to any government body or regulator. It does not offer loans and is not for applying for loans: it does not process applications, does not disburse funds, does not check application status and does not access any accounts. There is no account, no login, no personal data. Never type an identity card number, a bank account number, a password or a one-time PIN into any third-party app or website.

Key facts about the programme

• A personal loan may be taken alone, with a joint applicant who borrows alongside you, or with a guarantor who pays if you do not.
• Guarantees are governed by the Contracts Act 1950, and a surety's liability is normally co-extensive with the borrower's unless the document limits it.
• Joint borrowers are usually jointly and severally liable: each can be pursued for the whole balance, not a half share.
• A facility you guarantee can appear on your own credit record and count against your own borrowing capacity. Credit reporting sits with Bank Negara Malaysia.

Brand names appear descriptively. Every number is an estimate for planning, not a quotation and not an offer of credit. Apply only through the lender's official channels, and check the rules at https://www.bnm.gov.my. Not financial or legal advice.