Terms & Conditions

These Terms and Conditions ("Terms") govern the loan relationship between The Sea Capital (SSM: 201601034075 / 001746642-K, licensed by Bank Negara Malaysia) ("Company", "Lender") and the Customer ("Borrower"). By submitting a loan application or using our services, you acknowledge and accept these Terms.

1. Confirmation of Information Accuracy and Loan Limit

The Borrower warrants that all information, data, and documents submitted are true, accurate, complete, and legally obtained. The Borrower acknowledges that their maximum loan approval shall not exceed five (5) times their verifiable monthly income. Any misrepresentation constitutes a material breach of this Agreement and may result in immediate termination of the loan facility.

2. Authorization for Disclosure of Information

The Borrower expressly authorises The Sea Capital to obtain, disclose, and share any information related to the loan agreement with third parties, credit bureaus licensed under the Credit Reporting Agencies Act 2010 (CRA 2010), government agencies, Bank Negara Malaysia, or other financial institutions, as required for credit assessment, regulatory compliance, or debt recovery purposes.

3. Approval, Credit Limit, and Interest Rate Determination

Loan approval, credit limit assignment, and applicable interest rates shall be determined exclusively by The Sea Capital , subject to the Borrower's qualifications, internal credit assessment, and prevailing policies. Submission of an application does not guarantee approval. The Company reserves the right to approve, reject, or modify any application without providing reasons.

4. Interest Rates and Fees

Total charges, including interest, penalties, service fees, and any other applicable charges, shall not exceed 24% per annum, in compliance with Bank Negara Malaysia guidelines. The applicable monthly interest rate for each loan product is clearly disclosed prior to application. Reduced rates may be offered where the Borrower provides acceptable collateral.

5. Repayment Obligations

The Borrower agrees to repay the loan in accordance with the agreed repayment schedule. Payments must be made on or before the due date specified in the repayment schedule. The Borrower is responsible for ensuring timely payment regardless of any disputes or claims against the Company.

6. Late Payment and Default

In the event of late payment, a late payment fee as specified in the loan agreement will be charged. In the event of default, the Company reserves the right to continue charging interest at the agreed rate, engage debt collection services, report the default to credit bureaus, and take legal action to recover the outstanding amount. The Borrower shall be liable for all reasonable collection costs and legal expenses.

7. Early Settlement

The Borrower may request early settlement of the outstanding loan balance. An early settlement fee may apply as specified in the loan agreement. Please contact us at ask@theseacapitalloans.com or 03-9213 1818 to obtain an early settlement quote.

8. Contract Termination

If the Borrower elects to terminate the contract prior to full repayment, a termination fee shall apply. In the event of breach, the Borrower shall be fully liable for all damages and losses incurred by the Company, including but not limited to default charges, penalty fees, collection costs, legal expenses, and administrative charges.

9. Data Privacy

The collection, use, and disclosure of your personal data is governed by our Privacy Policy and the Personal Data Protection Act 2010 (PDPA). By accepting these Terms, you consent to the processing of your personal data as described in our Privacy Policy.

10. Governing Law

These Terms shall be governed by and construed in accordance with the laws of Malaysia. Any disputes arising from or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of Malaysia.

11. Responsible Lending

The Sea Capital practises responsible lending. We assess each application based on the applicant's financial capacity and creditworthiness. We encourage borrowers to borrow only what they can afford to repay. If you are experiencing financial difficulty, please contact us immediately at ask@theseacapitalloans.com or 03-9213 1818.

12. Amendments

The Sea Capital reserves the right to amend these Terms at any time. Borrowers will be notified of material changes via email. Continued use of our services after notification constitutes acceptance of the amended Terms.