Never ever go with money lender that's my personal advise, my personal experience to share with you..
Company A without KPKT license
Browsing though website and you call them up and usually they will tell you their runner will call you back shortly to verify the details.
Runner call you up for meet up and discuss request for document, proof of where you stay etc, some even just deal through online via whatsapp, email and etc.
Usually no black and white document..
After they check your details then usually they will offer you weekly loan offer to you RM1000 on Monday, you will receive RM600/RM700 within the same day after deducting processing fee (their commission), by next week you required to pay RM1000 or RM300 to delay another week. Depending on amount usually RM1000 they will not hold your ATM card.
Loan they approve usually around RM1000 to RM3000.
Company B, with KPKT license
They have nice office usually, you need to submit your documents like how you apply to bank loan, they will verify and check if you have other loan with other money lender, or discuss and calculate for you if you really could afford to take loan with them.
Usually within the same day or two they will offer you monthly loan by charging you 20%/30% upfront and 18% pa for interest. Let's say you apply for RM3000, your on hand cash will be RM2100 for 30% upfront, after a month you need to pay RM3045 for full settlement or RM945 to delay another month.
Loan they approve usually around RM1000 to RM3000, perhaps if you have high salary and frequent customer who could make settlement, they might offer you higher till RM5000 which I don't recommended.
Black and white document provided, they don't hold your ATM card.
Company C, with KPKT license
Same work flow as company B, processing the application might take 3-7 workings day. These usually offer better rate than the other two above, they will offer you loan let's say RM3000, with charge upfront 40% and allow you to make repayment for 6-12 months with 18% interest pa.
Your on hand will be RM1800, and 10 months repayment would RM460.
In between some might also able to offer you refinance after half of your repayment period, means after 5 months you could reapply for higher amount and you get extra cash, of course another charges and interest you required to pay.
Black and white document provided, they don't hold your ATM card.
In summary, my personal advise please don't go for it even you are blacklisted or in AKPK like myself, you could never repay finish. Why?
When you first apply, you calculate you could really repay it on dot, however this is not the usual case. You will apply from company A, then company B and company C after that. Which means you are digging bigger hole to cover your loan, you already started to do that when you reaching to the first money lender in your life.
I only dealt before with company B / C, you can know they are really interest to earn money by lending you money and expect you pay on dot. They are aiming to long time business running so I never missed my payment so no issue with them overall. I was in trouble by digging bigger hole and luckily able to secure a big fund to repay them, now only left one company and I am done with that, no more lending from money lender, not even banks.
For company A, it's really dangerous as you never know who you will dealt with, they know where you stay etc, they could be some youngster who just started to do all this. So it's very risky and you never know are they trustworthy.
So, please don't go with money lender, it ruin your life. You could easily do a excel to calculate how much if you have borrow from all these money lender and how much you could actually save. Your face doesn't worth anything, just go for your family or friend if you have financial issue
Thank you for taking the time to write out a comprehensive article about your experience, but you should know people such as you and I are truly desperate before considering these money lending services.
Regardless, they don't seem to deem me worthy enough to borrow anyways.