i've looked at ambank
7% +

bank islam
5.9%

so far bank islam is the lowest.
anybody know any bank that provides a lower rate?

i think max time you can strech is 10 years.

those are for government people only..

RHB i think

1% per month, reducing term ....

1% per month = 12% per year.

so which bank offers the lowest rate for personal loan? Hong Leong, Stand Chart, UOB, OCBC, etc?

12% per year on reducing balance calculation,not flat rate like the other banks are using.
this 12% reducing balance rate,assuming you are paying the same amount monthly,u will get approx. 6.5% to 7.2% p.a flat rate dependent on the duration of the loan.

Public Bank for existing customers @

Financing Rate

a. 7.75% p.a. (BFR + 1.00% p.a.) daily rest
b. 6.75% p.a. (BFR + 0% p.a.) daily rest

Terms and Conditions apply.

http://www.pbebank.com/en/en_content/perso...lamic/pflo.html

@backspace66
is there a calculator
or a loan payment table or something?

most low rate one are for gov staff only... *sigh..

RHB had revised their interested rate, so is not the lowest in the market anymore.

is it?i have go to through their website,and there is no indication of the revised interest rate.maybe they haven't updated their website?

Hi, if u guys r looking for the personal loan, I can help to get it at lower interest if u got credit card. For example, RM10,000 u get for 5 years repayment period, u only payback to ur credit card statement RM222.22 mthly.

By this way, u r more safer compare to Ah Long & u get lower rate from ur loan.

OCBC 9.5-12.5% depends on amount. FIXED RATE.

---

Added on June 8, 2008, 2:41 amOCBC 9.5-12.5% depends on amount. FIXED RATE.

This post has been edited by yewkhuay: Jun 8 2008, 02:41 AM

Greetings.
Have anyone check out the HSBC and Standard Chattered bank as well ? Heard that the rates over there isn't that high and easy to get approved.

anybody know max duration?
10 years is max?

As far as I concern for Standard Chattered is approx. 5 to 7 years ...

i want to know also

Is that so?
May i know which bank has the lowest now?

Last month i compared RHB with UOB and .. erm.. i forgotten which banks (those that display their rates and amount payable on their webbie la)

RHB was the lowest among the few i compared..
Taking a RM6000 loan from RHB for 5 yrs, the monthly repayment is the same as taking RM5000 loan from other banks (plus, no early settlement feee etc)

Gonna take up a personal loan soon for the fun of it... lol.... go travel or watever with the money.... it feels bad to be poor for so long.. need to pamper myself..

Yes, RHB personal loan interest rate going to be increase (actually it did). May be citibank is the lowest now - 7.61% - 9.18%

am given to understand Citibank rate only applicable to existing customer. is it true ?

Al-rajhi offer 8.5% interest rate.. and no interest if late payment or early exit..

UOB bank interest rate is 8.1% - fixed...if u wanna take loan of RM25k. Mnthly payment for 5 years is RM770 p/month...

efxtive, i think ur calculation is wrong.. if is 8.1%, rm25k, 5 yrs.. monthly repayment should b rm585.42
if is rm770 per moth, then should b paying it less than 4 yrs.. or else the interest rate should b 17%...
rhb bank has change their rate to 6%-13%.. depends on ur loan amount.. it's not the lowest any more... i kena d..
still thinking wana accept their loan o not...
by the way.. did any1 know which bank is the lowest?? im still looking the lowest rate..
it's vy funny thing from al rahji bank.. i told them i got borang B.. then that stupid stil need a payslip...
then 4 wat i declare my tax???? do they know wat's borang B??? damn stupid...
recently i keep on receiving a sms from duno who... regarding the credit card refinancing...
may i know how's it work?? coz they say 6%pa. no hassle, 100% approve n rm10 for processing oni...

This post has been edited by smcg: Jun 19 2008, 06:22 PM

i think even if you show your EPF statement, it should be enough. if your payslip, you can kaw tim with the boss (if small company) but income tax/epf, how to kow tim?

the point is i don't hv epf, i don't hv payslip.. most of the time i collect cash.. hardly get cheque oso.. so... declare tax is my oni solution..
really a damn stupid bank....

Bank Rakyat 5.95%. but only to govt and selected private sectors

Do you know that you can put in the amount that you like in EPF, or declare any amount you like in your form BE, or declare any amount you like on EA form (work behind with your company).

In this case, it is high risk for the bank jus only take your EPF or form BE.

of course i know.. but wat's the point taking the payslip as well? it can be any amount also.. some more worse than epf n form b.. do they know which 1 is more trust-worthy?? i'm vy doubt with their professional.

there is some circumstance requires borang B with payslip.

now al-rajhi bank got even lowest rate for personal loan. 7.5% only.. the promotion ended 11july.

Reducing Term Will Be Cheaper ...

anybody know what bank now have lowest rate for personal loan?
just want to loan around RM5000, my salary >2.5k per month

do pm me also

u can find bank islam ...is just 5.1% pa for 1st 3 years and 5.6% pa for following year

Since we have identical topic on personal loan front, please proceed any regarding personal loan issue in this thread.
http://forum.lowyat.net/topic/500507/+420

Thanks for the cooperation.