Touch ‘n Go Offers Personal Loans up to RM10,000 Through “GOpinjam”

Touch ‘n Go Offers Personal Loans up to RM10,000 Through “GOpinjam”

by April 1, 2022 0 comments

Touch ‘n Go (TNG) Group today announced the launch of GOpinjam, an inclusive digital personal loan that was developed in partnership with CIMB Bank.

GOpinjam is available effective immediately to Touch ‘n Go eWallet users who are Malaysian citizens above 21 years old.

TNG offers personal loans from as low as RM100 to a maximum of RM10,000 and potential applicants will need a minimum monthly income of RM800.

According to TNG, the repayment period for these loans can range from one week to one year, with no hidden fees of early settlement charges.

The credit underwriting process is built using the best of both data sets, that of the credit bureau and also e-wallet spend data – resulting in greater accessibility for the under-banked segment.

All first-time users who wish to apply are required to submit either a one-month payslip or latest EPF statement along with basic information for the loan application.

For the first-time user, TNG said that the approvals may take up to a day upon the receipt of full and accurate submission of the income documentation.

For approved applicants, the funds are then disbursed immediately into either their Touch ‘n Go eWallet or CIMB bank account.

Returning users will experience straight-through approval and instant loan disbursement, without the need to go through the submission process.

This marks TNG’s first digital lending solutions offering, having previously already launched financial services propositions in investments and insurance.

Effendy Shahul Hamid

Effendy Shahul Hamid

Effendy Shahul Hamid, Group CEO, Touch ‘n Go Group said,

“The financial inclusion element was always at the forefront of our thinking, and we expect GOpinjam to be available to those who otherwise would not have been able to access formal credit facilities.


We’ve managed to get this done on the back of a ‘win-win’ partnership mentality between Touch ‘n Go and CIMB Bank – leveraging each other’s strengths in credit underwriting and wealth of data to bring the most relevant personal credit solution to underserved segments.”

Dato’ Abdul Rahman Ahmad, Group CEO of CIMB Group said,

Dato’ Abdul Rahman Ahmad

Dato’ Abdul Rahman Ahmad

“CIMB is proud to support GOpinjam through our CIMB e-Zi Tunai Personal Loan, a fully inclusive proposition targeted at underserved segments, anchoring on a pure-play eWallet-Bank partnership.


We believe GOpinjam also addresses the government’s push towards a more cashless and inclusive society, an area that both CIMB Group and Touch ‘n Go Group fully support.”




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