Mar 15 2011, 11:18 PM
QUOTE(onnying88 @ Mar 15 2011, 10:36 PM)
Using personal loan to settle PTPTN
-No, PTPTN interest 1% while personal loan 8 to 12%, why pay more =.="
Using personal loan to buy property
-No, you will end up with more debt very easy as you have not much experience with property. Personal loan installment + mortgage loan installment + PTPTN = how much of your salary? If your income is ok, why not save up more and buy property with cash for deposit. It's not easy to get a good return rental from property with RM200k+-. (If you really found it, then go for it. If not, better don't)
My first home scheme, I think you are not entitle to get it as your salary should be more then RM3000 (since you get RM27k of personal loan)
My 2 cents.
Totally agreed !! Just pay PTPTN whatever you have to pay up to date but not settle it unless you really got excess saving (not loan). Take loan to invest could end up with more debt unless you are really sure on what you invest could generate more than the interest. In property if you want to generate 8-12% from rental is tough.-No, PTPTN interest 1% while personal loan 8 to 12%, why pay more =.="
Using personal loan to buy property
-No, you will end up with more debt very easy as you have not much experience with property. Personal loan installment + mortgage loan installment + PTPTN = how much of your salary? If your income is ok, why not save up more and buy property with cash for deposit. It's not easy to get a good return rental from property with RM200k+-. (If you really found it, then go for it. If not, better don't)
My first home scheme, I think you are not entitle to get it as your salary should be more then RM3000 (since you get RM27k of personal loan)
My 2 cents.
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