Hawkers and Peddlers Loans
Get To Know About Hawkers and Peddlers Loans
Revolutionizing Curbside Commerce with Flexible Financing.
Have you ever noticed those hardworking hawkers serving delicious food all day? They are the unsung heroes of Malaysia's food scene, and we know they face tough times like any other small business.
But you don't have to worry anymore because we are here to help! Need cash quickly? We have covered you with our fast approval process in just 24 hours for loans ranging from RM 1,000 to RM 10,000. Once approved, we guarantee the money will be deposited into your account quickly! So, leave your worries behind and apply now for the financial assistance you need.
Am I eligible for a hawker or a peddler Loan?
At LSD Prestamo, we keep things nice and simple. As long as you meet these four criteria, you can apply for a loan.
Be over 18 years old
Employed for at least 3 months
Must be a Malaysian or MyPR
Own a vehicle registered in your name
Quick Payment Process
89% Success Rate Guarantee
Flexible with Your Repayments
Hawkers and Peddlers Loans FAQs
Hawkers and Peddlers Loans are specifically designed to support businesses in the food industry, providing financial assistance for various needs such as equipment purchases, renovations, or working capital.
Hawkers and peddlers loans cater specifically to businesses in the mobile food industry, providing financial support for equipment purchases, inventory, vehicle maintenance, or working capital.
The eligibility criteria for this specialized loan program are as follows:
- Malaysian citizenship, aged between 18 and 50, with a clean bankruptcy record.
- Possession of essential licenses/permits, along with documentation such as business location photos and the past 3 months’ bank statements.
- Demonstrating a minimum monthly income of RM2,000, while actively engaged in business either full-time or part-time.
- A guarantor is required if the business has been operational for less than six months.
Loan amounts typically range from RM1,000 to RM10,000, depending on factors such as your business’s financial health, creditworthiness, and lender policies. These funds are tailored to your specific business needs and can support expenses like equipment purchases, inventory restocking, vehicle maintenance, or marketing efforts.
While approval times may vary depending on the complexity of your application, we aim to provide you with a decision within 2-3 business days.
At LSD Prestamo, we offer competitive interest rates and flexible repayment terms for hawkers and peddlers loans. Our loan officers will discuss these details with you, ensuring clarity on all aspects before finalizing your agreement. Rest assured, we’re committed to providing transparent and fair terms to support your business needs. For more information, feel free to reach out or visit our rates and fees page.
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.
To apply for a hawker and peddler loan with LSD Prestamo:
- Fill out our simple online application form.
- Submit required documents like proof of identity and business registration.
- Our team will assess your application, considering factors like creditworthiness and business revenue.
- Upon approval, you’ll receive a transparent loan offer detailing terms and conditions.
- Once you accept, funds will be promptly disbursed to your account upon signing a loan agreement.
- Repayments are flexible and tailored to your business needs. Throughout, our team is available to assist you at every stage.
WE'RE REAL PEOPLE AND WE'RE HERE IF YOU NEED US
Need financing? We've got you covered! Our friendly financing experts can answer your questions and help you find the perfect option. Call us on 03-7865 5766 or chat with us on WhatsApp.
| Terms and Conditions | |
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Loan terms |
LSD Prestamo offers interest rates subject to availability and approval, tailored to each borrower's unique credit assessment determined by LSD Prestamo's proprietary credit scoring system. |
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Approval |
To gain approval, one must align with LSD Prestamo's credit criteria and adhere to responsible lending standards. Various fees, charges, as well as terms and conditions are applicable. |
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Speed of approval |
Speed of approval is conditional on receipt of all requested relevant documents or information. |
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Establishment Fee |
The establishment fee is added to the loan amount paid over the duration of the loan. More info, see our rates and fees page. |
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Cancellation |
An incomplete application will automatically be canceled within 7 working days from the date of application. |
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Disclaimer |
Our loan calculator offers an estimation based on the provided example data. Actual loan terms, rates, fees, and repayments may vary upon individual credit assessment. Please refer to our Interest rates and fees for specific details. It's important to note that this is not an offer, and all applications are subject to terms and conditions, approval, and funding availability. |
