The Rate

Here's the prevailing rate in Genting:

RM50 interest for RM1,000 loaned for every period (一期), the period is in days, and depend on your standing with the Ah Long, can range from the standard 3 days to in rare cases, a couple of weeks. So, if you have a good credit history, and manage to get a 7-day period, and if you borrow RM10k, at the end of the week, you'll need to pay back RM10,500. If you pay beyond the period, the interest may be compounded.