Am I Eligible? Simple Checklist for Installment Approval
- My Lektrik
- Jan 21
- 1 min read
Thinking of buying a product through installment plans but not sure if you’ll be approved? Don’t worry! Use this simple checklist to see if you’re eligible before applying. ✔️
Basic Eligibility Requirements
Before applying for an installment plan, make sure you meet these common requirements:
✅ Age Requirement
Usually 21 years old and above
Some providers allow 18+ with conditions
✅ Valid Identification
Malaysian IC / MyKad
Must be clear and valid (not expired)
✅ Stable Income
Monthly income required (amount depends on provider)
Salary slip, bank statement, or proof of income may be needed
✅ Employment Status
Full-time employee
Self-employed / freelancer (with income proof)
Business owner (supporting documents required)
✅ Good Credit Standing
No serious overdue payments
Healthy CCRIS / CTOS record increases approval chances
Additional Factors That Help Approval
These are not always required, but they can improve your chances:
💳 Active bank account
📱 Registered mobile number
🏠 Stable residential address
⏳ Longer working duration (6 months or more preferred)
Common Reasons for Rejection
Avoid these common issues to improve your approval rate:
Incomplete or incorrect documents
Unstable income history
Too many existing installments
Poor credit record or blacklisted status
Tips to Increase Your Approval Chance
Prepare all documents in advance
Apply for an installment amount within your budget
Ensure your personal details are accurate
Clear outstanding debts before applying
Need Help? We’ve Got You Covered
Not sure which installment plan suits you best? Our team is happy to assist with checking eligibility, preparing documents, and guiding you through the application process—fast and hassle-free.
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