Responsible Lending Policy
The Sea Capital is committed to responsible, ethical, and transparent lending practices.
Our Commitment
The Sea Capital believes that responsible lending is not just a regulatory requirement — it is the foundation of a sustainable and ethical lending business. We are committed to ensuring that every loan we provide is affordable, transparent, and in the best interest of the borrower.
Nota (BM): The Sea Capital mengamalkan pemberian pinjaman yang bertanggungjawab. Kami menilai setiap permohonan berdasarkan kapasiti kewangan pemohon. Sila pastikan anda memahami terma pinjaman sebelum menandatangani sebarang perjanjian.
Our Responsible Lending Principles
Affordability Assessment
We assess every applicant's income, expenses, and existing financial commitments to ensure the loan is affordable.
Transparent Disclosure
All fees, interest rates, and repayment terms are clearly disclosed before you sign any agreement.
No Misleading Claims
We never make misleading claims about guaranteed approval, instant loans, or unrealistic terms.
Fair Treatment
We treat all borrowers fairly and with respect, regardless of their financial situation.
Financial Hardship Support
If you face financial difficulty, contact us immediately. We will work with you to find a solution.
Data Protection
Your personal and financial data is protected under PDPA 2010 and CRA 2010.
Regulatory Compliance
The Sea Capital operates in full compliance with:
- •Moneylenders Act 1951 — Our primary regulatory framework for lending operations
- •Bank Negara Malaysia (BNM) Guidelines — Total charges shall not exceed 24% per annum
- •Personal Data Protection Act 2010 (PDPA) — Protection of borrower personal data
- •Credit Reporting Agencies Act 2010 (CRA 2010) — Responsible use of credit information
- •Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA)
Borrowing Responsibly
Before you borrow, please consider:
- ✓ Can you comfortably afford the monthly repayments?
- ✓ Have you compared loan products and interest rates?
- ✓ Do you understand all fees and charges?
- ✓ Have you read and understood the loan agreement?
- ✓ Do you have a plan if your financial situation changes?
Financial Hardship
If you are experiencing financial difficulty and are unable to meet your repayment obligations, please contact us immediately. We may be able to arrange a repayment plan, payment deferral, or other assistance. Early communication is key — do not wait until you have missed payments.