(SAKUWANG) Pinjaman SIM

(SAKUWANG) Pinjaman SIM is an independent, unofficial Android app: a loan simulation, calculator and plain-language guide to the cost of a SakuWang personal loan. It works entirely on figures you type in yourself.

What the app does

The developer describes it in one line, and the app is that line: a simulation, a calculator, and a guide. You supply the amount, the rate and the tenure; the app does the arithmetic and explains the vocabulary that a loan agreement uses. Nothing is submitted anywhere.

Settling early, and why the date matters

If you expect to settle a personal loan ahead of schedule, the rebate method decides how much that actually saves you. Under the Rule of 78, interest is front loaded, so settling halfway through a tenure returns less than half the interest. Under a reducing balance calculation, what you save tracks what you still owe.

This is changing. Bank Negara Malaysia issued its Policy Document on Personal Financing on 30 September 2025, and the paragraphs that prohibit the flat rate and the Rule of 78 for personal financing take effect on 1 January 2027. Until then, both methods may still appear in an offer, so the rebate formula is worth reading before signing.

What it does not do

It is an independent educational app. It is not an official representative of the brand it is named after, and not affiliated with, endorsed by, or connected to it, nor to any government body or regulator. It does not offer loans and cannot be used to apply for one. It does not process applications, does not disburse funds, does not check application status and does not access any account. There is no account, no login and 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. All figures the app produces are estimates for planning only, and the actual terms must be confirmed with the lender directly.

Before you borrow from anyone

Two checks cost nothing and are worth doing before any personal loan in Malaysia. First, confirm who you are dealing with: moneylenders are licensed under the Moneylenders Act 1951 and supervised by the Ministry of Housing and Local Government at kpkt.gov.my, while banks and development financial institutions are regulated by Bank Negara Malaysia at bnm.gov.my. Second, check the Financial Consumer Alert List. Note what that list means: a name appearing on it is a warning, but a name not appearing on it does not confirm that the entity is licensed.