A festival loan is a type of personal loan specifically designed to help individuals meet their financial needs during festive seasons like Chinese New Year, Diwali, Hari Raya, Christmas, Eid, etc. It’s aimed at providing financial assistance for various expenses associated with celebrations, such as buying gifts, clothing, household items, or even for travel expenses.

You must be a Malaysian citizen or permanent resident aged 18 or above with a stable source of income to be eligible to apply. Applicants should also meet our creditworthiness requirements.

At LSD Prestamo, our loan amounts for festival loans typically range from RM1,000 to RM6,500, depending on factors such as your income, credit history, and the lender’s policies. The loan amount granted will be subject to assessment and approval by us.

We offer flexible repayment options tailored to suit your financial situation. You can choose from various repayment tenures, ranging from 3 months to 2 years, allowing you to spread out your repayments comfortably over time.

Just a few simple documents to help us understand you better! We’ll need your proof of identity, address, income, bank statement and any other relevant documents. Don’t worry; our process is hassle-free and designed to ensure your convenience every step of the way.

We know you’re eager to get the party started, so we strive to make the process as quick and seamless as possible. Typically, it takes just 1 business day for your loan to be processed and disbursed once all the necessary documentation is in place.

Interest rates for festival loans may vary based on factors such as your creditworthiness, loan amount, and repayment tenure. Rest assured, we offer competitive interest rates to ensure that your festive celebrations remain affordable and enjoyable.

Yes, you have the option to prepay or settle your festival loan early without incurring any penalties. Doing so allows you to save on interest costs and become debt-free sooner. Simply contact our customer service team to arrange for early settlement.

At LSD Prestamo, we work hard to make sure the cash is in your account as fast as possible. We’ll direct deposit the cash or using online transfer into your bank account within one (1) business day of your loan approval.

No, as the funds are transferred directly into your account you will need a bank account to get a loan.

As a responsible lender, LSD Prestamo does not offer no credit check loans. But because we service both people with bad credit and people with no credit history, this won’t impact most people’s chances of approval.

Applying for a festival loan with us is quick and easy! You can either visit one of our branches or conveniently apply online through our website. Simply fill out the application form, submit the required documents, and upon signing the loan contract, we’ll ensure timely disbursement of the loan amount to you.