Updated: 27 June 2026
Evo Capital Review Malaysia — Licensed, But Watch for Scams
Evo Capital (brand: "Evo Credit") is a Malaysian moneylender that's been gaining search interest. Unlike many platforms we review, Evo Capital holds a verifiable KPKT license — but there's an important scam warning you need to understand. Here's the honest breakdown.
License Verified
Evo Capital Solutions Sdn. Bhd. (SSM: 1336646-H) holds KPKT license KPKT/BL/19/W7342/14/01. This is a legitimate licensed moneylender under Malaysia's Moneylenders Act 1951. (Always do a final check via i-KrediKom before signing.)
Impersonation Scam Warning
Evo Capital itself warns that scammers are impersonating "Evo Loan / Evo Credit" representatives. Some online directory comments report requests for upfront payments (insurance/processing fees before disbursement) — a classic scam signal. The real licensed company does NOT charge upfront fees. Only deal through official channels (evocredit.my) and never pay before disbursement.
What Is Evo Capital?
| Detail | Information |
|---|---|
| Company | Evo Capital Solutions Sdn. Bhd. |
| SSM number | 1336646-H |
| KPKT license | KPKT/BL/19/W7342/14/01 ✓ |
| Brand name | Evo Credit |
| Official website | evocredit.my |
| Address | Arcoris Business Suites, Mont Kiara, KL |
| Loan amount | RM5,000 – RM400,000 |
| Interest rate | Secured: max 12% p.a. · Unsecured: max 18% p.a. |
| Tenure | 2 months – 5 years (60 months) |
| Upfront fees | None claimed (before approval) |
Interest Rates: What You Actually Pay
Evo Capital operates within KPKT's legal caps:
| Loan Type | Max Rate | What It Means |
|---|---|---|
| Secured (with collateral) | 12% p.a. | Lower rate, requires asset |
| Unsecured (no collateral) | 18% p.a. | Higher rate, no asset needed |
Real Cost Comparison (RM10,000 over 12 months)
| GX Bank (3.78% p.a.) | Evo Capital (18% p.a.) | You Save with GX | |
|---|---|---|---|
| Monthly payment | ~RM864 | ~RM983 | — |
| Total interest | RM378 | RM1,800 | RM1,422 |
For unsecured loans. GX Bank is roughly 5x cheaper for those who qualify.
Pros and Cons
Pros
- KPKT licensed — verified (KPKT/BL/19/W7342/14/01) ✓
- Larger loan amounts available (up to RM400,000)
- Longer tenure than micro apps (up to 5 years)
- Secured option at lower 12% rate
- No upfront fees before approval (per company)
- Physical office in Mont Kiara, KL
Cons
- Up to 18% p.a. unsecured — expensive vs digital banks
- Active impersonation scams using the brand name
- Some directory complaints about upfront fee requests
- Not BNM licensed — no PIDM protection
- Larger loans may require collateral
Who Should Consider Evo Capital
Evo Capital may suit you if:
- You need a larger amount (RM50,000–RM400,000) that digital banks won't offer
- You have collateral and want the lower 12% secured rate
- You need a longer tenure (up to 5 years)
- You've been rejected by banks but want a licensed lender
- You've verified the license via i-KrediKom and deal only through official channels
Use GX Bank instead if:
- You qualify (EPF + RM1,500 income) and need under RM150,000
- You want dramatically lower rates (3.78% vs up to 18%)
- You want PIDM protection
Who Actually Qualifies for GX Bank? (Check First)
✅ You qualify for GX Bank if:
- Malaysian citizen or PR, aged 21–64
- Monthly income RM1,500 or above
- Active EPF/KWSP contributor (6+ consecutive months)
- No major CCRIS/CTOS defaults
❌ GX Bank will reject you if: gig worker without EPF, self-employed without records, active bankruptcy, or income below RM1,500. In those cases, a verified licensed lender like Evo Capital is a reasonable option — just deal only through official channels.
| Evo Capital | GX Bank FlexiCredit | |
|---|---|---|
| License | KPKT ✓ (moneylender) | BNM licensed bank ✓ |
| Interest rate | 12–18% p.a. | From 3.78% p.a. |
| Max loan | RM400,000 | RM150,000 |
| Tenure | Up to 5 years | Up to 5 years |
| PIDM protected | No | Yes (RM250,000) |
| EPF required | No | Yes (6+ months) |
| Best for | Large/secured loans, no EPF | Lowest rate, EPF members |
| Sign-up bonus | None | Free RM225 + Win RM50,000 |
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How to Avoid Evo Capital Impersonation Scams
Because scammers impersonate this brand, protect yourself:
- Only use evocredit.my — the official website
- Verify the license via i-KrediKom (search SSM 1336646-H or the WL/BL number)
- Never pay upfront — no insurance, processing, or "release" fees before you receive money
- Be wary of WhatsApp-only contact — confirm through official channels
- Check the office — legitimate dealings can reference the Mont Kiara office
Verdict
Evo Capital: 3/5 — Legitimate License, But Stay Alert
Evo Capital Solutions Sdn. Bhd. is a genuinely KPKT-licensed moneylender — a real advantage over the many unlicensed apps flooding the market. It's a reasonable option for larger or secured loans, or for those without EPF who can't access digital banks.
Two cautions: (1) the rate (up to 18%) is far higher than GX Bank's 3.78% for those who qualify, and (2) active impersonation scams mean you must deal only through official channels and never pay upfront.
Frequently Asked Questions
Is Evo Capital legit?
Yes — Evo Capital Solutions Sdn. Bhd. (SSM 1336646-H) holds KPKT license KPKT/BL/19/W7342/14/01 under the Moneylenders Act 1951. However, scammers impersonate the brand, so only deal through the official website evocredit.my and verify via i-KrediKom.
What is the Evo Capital interest rate?
Maximum 12% p.a. for secured loans (with collateral) and 18% p.a. for unsecured loans, in line with KPKT legal caps. Loan amounts range RM5,000–RM400,000 with tenure up to 5 years.
Does Evo Capital charge upfront fees?
The legitimate company states it does NOT charge fees before approval. If anyone claiming to be Evo Capital asks for upfront payment (insurance, processing, release fees), it is a scam — stop immediately and report it.
Evo Capital vs GX Bank — which is better?
For borrowers who qualify (EPF + RM1,500 income) and need under RM150,000, GX Bank is far cheaper (3.78% vs up to 18%) with PIDM protection. Evo Capital suits those needing larger amounts (up to RM400,000), secured loans, or who don't have EPF.
How do I verify Evo Capital is the real company, not a scammer?
Use only evocredit.my, verify the KPKT license via the i-KrediKom app (search SSM 1336646-H), never pay upfront fees, and be cautious of WhatsApp-only contact. The real company has a physical office in Mont Kiara, KL.
Is Evo Capital protected by PIDM?
No. PIDM only protects deposits at BNM-licensed banks. Evo Capital is a KPKT-licensed moneylender, not a bank. For PIDM protection, use a digital bank like GX Bank.
Mohon Pinjaman Peribadi — Semak Kelayakan Anda
Bandingkan kadar terbaik dari Al-Rajhi, Alliance & RHB Bank. Proses 100% online.
Semak Kelayakan
Mohon Online
Terima Kelulusan
via RinggitPlus · Perbandingan kadar bebas & selamat
Perlukan RM30,000 ke atas?
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- GX Bank FlexiCredit — Full Guide
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- Best Loan App Malaysia 2026
Last updated: 27 June 2026
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