Features & Capabilities

Icon Venture Capital's PayEx is a microlending app which allows users to apply for a micro loan (RM3,000 to RM5,000) with a comfortable repayment schedule up to 5 years.


Fees & Charges:

Minimum duration of payment: 48 months
Maximum repayment period: 60 months
Max. Annual Percentage Rate (APR): 15%
Processing Fee (Includes Legal Fee, Stamp Fee, and Service Fee):
1. Stamp Duty: 0.5% on loan amount,
2. Admin Fee of RM43.20 (inclusive of 8% SST)

Both stamp duty and admin fee will be incurred upon first loan repayment.

Early Termination Fee: Customer will be charging a penalty at 12 months interest for early settlement.

Late Payment Interest: 8.00% per annum * number of overdue days
Late payment penalty is applied in next repayment invoice if repayment is not done within 7 calendar days from date of repayment schedule.

Calculation of the Loan

Loan Example:
Loan Amount: RM3,000.00
Tenure: 5 years
Interest Rate: 15.00%

Total payable: Loan + Total interest amount
RM3,000 + RM2,250 = RM5,250 to be paid over 5 years

Monthly repayment: Total payable/tenure(months)
RM5,250/60 months = RM87.50 per month
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Late Payment charge example:
Repayment schedule on 1st January but payment was only made on 8th January. Late payment charge will be added in next repayment invoice (February).

Calculation:
Monthly repayment amount + (overdue repayment amount * 8%/365 * number of days late)
RM87.50 + ((RM87.50*8%)/365)*7 days = RM87.63

User Growth & Download Statistics

App
By:
IVC
Downloads:
14,888 79
Version:
0 Last updated: 2026-01-06
Publisher country:
MY MY
Email:
en*****@iconventure.com.my
URLs:
Website ,Privacy policy
Full description:
See detailed description
Source:
Google Play Store
Data ingested on:
2026-06-08
Compare stats and ranking:

Contact the developer

Chrome-Stats does not own this Android app. Please use these information below to contact the Android app developer.
Developed by:
IVC
Google Play Store
https://play.google.com/store/apps/details?id=com.iconventure.microloan
Email:
en*****@iconventure.com.my
Website:
https://iconventure.com.my/

User Reviews

Yes cannot scan ic so many time i did try hmmmm
by kh*****, 2025-01-26

sikit sikit tak dapat verified email . try and error mcm tu jugak 🙄 better jangan download buang masa + buang data MB jerr . pdhal semua dah isi lengkap .
by Bi*****, 2024-12-16
View all user reviews ›

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