Terms & Conditions

1. Acceptance of Terms

Welcome to MajesticDuit. By accessing, registering on, or using the MajesticDuit platform, including our website, mobile application, and any related services (collectively, the “Services”), you agree to be bound by these Terms & Conditions (“Terms”), along with our Privacy Policy and any other applicable policies, guidelines, or agreements referenced herein.

These Terms constitute a legally binding agreement between you (“User”, “you”, or “your”) and MAJESTIC SALUTE SDN. BHD., a company duly incorporated and registered in Malaysia under the Companies Act 2016. If you do not agree with any part of these Terms, you must discontinue use of the Services immediately.

By clicking “I Agree”, creating an account, submitting a loan application, or otherwise using our Services, you acknowledge that you have read, understood, and agree to be bound by these Terms in their entirety. We recommend that you print or save a copy of these Terms for your records.

2. Eligibility

To use the MajesticDuit platform and apply for loan services, you must satisfy all of the following eligibility criteria:

• You must be at least eighteen (18) years of age at the time of registration.
• You must be a citizen of Malaysia or a permanent resident of Malaysia.
• You must possess a valid Malaysian Identity Card (MyKad) and be able to verify your identity through our verification process.
• You must hold an active bank account with a licensed financial institution in Malaysia.
• You must have a steady and verifiable source of income sufficient to support loan repayment obligations.

By using our Services, you represent and warrant that you meet all of the above eligibility requirements. If at any time we determine that you do not meet these requirements, we reserve the right to suspend or terminate your account and reject any pending or future loan applications.

3. Loan Services

MajesticDuit offers the following loan products through our digital platform. All loan products are subject to availability, credit assessment, and applicable laws and regulations of Malaysia.

• A

  Personal Loans

  Personal loans ranging from RM200 to RM3,000, designed to cover everyday financial needs such as medical expenses, home repairs, education fees, or personal purchases. Repayment periods are flexible and tailored to your financial situation.

• B

  Emergency Loans

  Emergency loans ranging from RM1,000 to RM5,000 for urgent financial situations requiring immediate attention, including unexpected medical bills, urgent travel, vehicle repairs, or other unforeseen circumstances.

• C

  Small Business Loans

  Small business loans ranging from RM5,000 to RM10,000 to support entrepreneurs and small business owners with working capital, inventory purchases, equipment acquisition, or business expansion needs.

All loan amounts, interest rates, processing fees, and total repayment amounts will be clearly and transparently disclosed to you before you accept any loan offer. We are committed to ensuring that you have a complete understanding of the financial commitment you are entering into.

Loan approval is subject to our internal credit assessment process, which evaluates your creditworthiness, financial standing, income stability, and other relevant factors. The approval or rejection of any loan application is at the sole and absolute discretion of MajesticDuit.

4. Application and Approval

When submitting a loan application through the MajesticDuit platform, you agree to the following conditions:

• You must provide accurate, complete, truthful, and up-to-date information in your application and throughout your relationship with us.
• You authorise MajesticDuit to verify any information provided by contacting third parties, including but not limited to credit bureaus, financial institutions, employers, and government agencies, as permitted under Malaysian law.
• MajesticDuit reserves the right to approve or reject any loan application at its sole discretion, without providing any reason for the decision.
• Any timelines or processing estimates provided for loan approval and disbursement are indicative only and do not constitute a guarantee of approval or a commitment to a specific timeframe.

Submitting false, misleading, or fraudulent information in your loan application may result in immediate rejection, account suspension, reporting to relevant authorities, and potential legal action under applicable Malaysian laws.

5. Interest Rates and Fees

Transparency is a core principle of MajesticDuit. Our fee structure is designed to be clear and comprehensible:

• All applicable interest rates, annual percentage rates (APR), processing fees, and any other charges will be clearly stated in your loan agreement before you accept the loan offer.
• MajesticDuit does not impose any hidden charges, undisclosed fees, or concealed costs. All fees are communicated upfront and in plain language.
• Late payment fees may apply for overdue loan instalments. The specific late fee amount and conditions will be outlined in your loan agreement. Continuous non-payment may result in additional charges and impact your credit standing.
• Early repayment is permitted and encouraged. You may settle your outstanding loan balance in full before the scheduled maturity date without incurring any early repayment penalty charges.

Interest rates and fees are determined based on factors including but not limited to the loan product type, loan amount, repayment period, your credit profile, and prevailing market conditions. All rates comply with the maximum limits prescribed by Bank Negara Malaysia and relevant Malaysian legislation.

6. Repayment Terms

Timely repayment of your loan is a fundamental obligation under these Terms:

• Your specific repayment schedule, including instalment amounts, due dates, and total repayment amount, will be detailed in your loan agreement. You are expected to adhere strictly to this schedule.
• MajesticDuit offers various convenient payment methods, including auto-debit (standing instruction) from your bank account, online bank transfer, and other electronic payment channels as made available on the platform.
• Failure to repay your loan on time may result in late payment fees, increased interest charges, and negative reporting to credit reference agencies such as Bank Negara Malaysia's Central Credit Reference Information System (CCRIS) and the Credit Tip-Off Service (CTOS).
• Persistent non-payment may be referred to an authorised debt collection agency and may result in legal proceedings to recover the outstanding amount, together with all applicable costs, charges, and interest.

If you anticipate difficulty in meeting your repayment obligations, you are encouraged to contact us as early as possible at [email protected] to discuss potential repayment arrangements. We are committed to working with you to find a reasonable solution where possible.

7. User Responsibilities

As a user of the MajesticDuit platform, you assume the following responsibilities:

• Provide only accurate, current, and complete information during registration, loan application, and all subsequent interactions with MajesticDuit.
• Promptly notify MajesticDuit of any changes to your personal information, financial circumstances, employment status, or contact details that may affect your loan application or repayment ability.
• Repay all loan amounts, including principal, interest, and any applicable fees, on or before the due dates specified in your loan agreement.
• Maintain the confidentiality and security of your account credentials, including your username, password, PIN, and any one-time authentication codes. You must not share these credentials with any third party.
• Use the MajesticDuit platform only for its intended purposes and in compliance with all applicable laws and regulations of Malaysia.
• You are solely responsible for all activities that occur under your account. Any unauthorised use should be reported to us immediately.

8. Limitation of Liability

To the fullest extent permitted by applicable Malaysian law:

• The MajesticDuit platform and all Services are provided on an “as is” and “as available” basis, without any warranties of any kind, whether express, implied, or statutory, including but not limited to warranties of merchantability, fitness for a particular purpose, accuracy, reliability, or non-infringement.
• MajesticDuit shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of data, loss of business opportunities, or financial losses arising from or in connection with your use of or inability to use the Services.
• In no event shall our total aggregate liability to you exceed the total fees paid by you to MajesticDuit during the twelve (12) month period immediately preceding the event giving rise to the claim.
• MajesticDuit does not guarantee uninterrupted, error-free, or secure operation of the platform. Temporary interruptions may occur due to system maintenance, updates, or circumstances beyond our reasonable control.

The limitations set forth in this section shall apply regardless of the legal theory on which the claim is based, whether in contract, tort, strict liability, or any other legal theory, even if MajesticDuit has been advised of the possibility of such damages.

9. Indemnification

You agree to indemnify, defend, and hold harmless MAJESTIC SALUTE SDN. BHD., its directors, officers, employees, agents, affiliates, successors, and assigns from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable legal fees and professional fees) arising from or related to:

• Your breach of any provision of these Terms.
• Your misuse, unauthorised use, or improper use of the MajesticDuit platform or Services.
• Your violation of any applicable law, regulation, or third-party right.
• Any false, inaccurate, or misleading information provided by you.
• Any dispute between you and another user or third party arising from your use of the Services.

MajesticDuit reserves the right to assume exclusive defence and control of any matter subject to indemnification, and you agree to cooperate with our defence of such claims.

10. Dispute Resolution

These Terms and any disputes arising from or in connection with these Terms or the Services shall be governed by and construed in accordance with the laws of Malaysia, without regard to its principles of conflicts of law.

In the event of any dispute, controversy, or claim arising out of or relating to these Terms, you agree to first attempt to resolve the matter through good faith negotiation with MajesticDuit by contacting us at [email protected].

If the dispute cannot be resolved through negotiation within thirty (30) days, the dispute may be referred to mediation administered by a recognised mediation centre in Malaysia. If mediation is unsuccessful, the dispute shall be resolved through binding arbitration in Kuala Lumpur, Malaysia, in accordance with the Arbitration Act 2005.

Subject to the foregoing, you irrevocably submit to the exclusive jurisdiction of the courts of Malaysia. Any legal proceedings shall be conducted in the English or Bahasa Malaysia language, at the courts of Kuala Lumpur, Malaysia.

11. Termination

The following provisions govern the termination of your access to and use of the MajesticDuit Services:

• MajesticDuit reserves the right to suspend, restrict, or terminate your access to the platform and Services at any time, with or without prior notice, if you violate any provision of these Terms, engage in fraudulent or abusive behaviour, or if we reasonably believe your account has been compromised.
• You may close your MajesticDuit account at any time by submitting a written request to [email protected]. Upon closure, your right to use the Services will cease immediately.
• Termination of your account or access to the Services shall not relieve you of any obligations or liabilities that accrued prior to the date of termination, including the obligation to repay any outstanding loan amounts in full.

Provisions that by their nature should survive termination, including but not limited to those relating to repayment obligations, limitation of liability, indemnification, and dispute resolution, shall remain in effect after the termination of these Terms.

12. Amendments

MajesticDuit reserves the right to amend, modify, update, or replace these Terms at any time at its sole discretion. Any changes will be effective immediately upon posting the revised Terms on the MajesticDuit platform. We will update the “Effective Date” at the top of this page to reflect the date of the most recent revision.

Where material changes are made that may significantly affect your rights or obligations, we will endeavour to notify you through in-app notifications, email, or other reasonable means. However, the absence of such notification does not invalidate the amended Terms.

Your continued use of the MajesticDuit platform and Services after the publication of amended Terms constitutes your acceptance of and agreement to the revised Terms. If you do not agree with any changes, you must stop using the Services and close your account.

13. Contact Us

If you have any questions, concerns, or feedback regarding these Terms & Conditions or the MajesticDuit platform, please do not hesitate to contact us:

We will endeavour to respond to all legitimate enquiries within five (5) business days.