QUOTE(Ken_HP @ Jul 20 2012, 06:23 PM)
DYes u were rite. Plus no banks willing to give loan to contract or temporary staff. There is no secure or guarantee in paying ur loan installment
Added on July 31, 2012, 2:02 am
QUOTE(ciahcra @ Jul 27 2012, 04:17 PM)my loan application was rejected by Hong Leong should I try for other banks, or wait first? because i heard someone said if your loan application is unsuccessful, you have to wait 3 months...
QUOTE(ykyyap @ Jul 29 2012, 04:24 PM)
yes, there is a cooling off period of banks... but for the current bank only...
which means, HLB rej ur loan, u hv cooling off period 3mth in HLB, but not other banks.. u may try other banks with no doubt..
To the best of my knowledge there is no cooling of period as you can always apply re-apply, appeal etc.which means, HLB rej ur loan, u hv cooling off period 3mth in HLB, but not other banks.. u may try other banks with no doubt..
To do this you have to know why your application is rejected in the first place. I.e ccriss ctos, akpk, low income, low net income, high commitment, small or unknown company, your employment details that might bring a risk to bank's collection deparment in the event if loan is approved i.e army, pilot because the nature of their job required them to travel a lot,
Once you know the real reason on why your loan is rejected, you can always figure it out how to solve it before re-apply.
There are a lot of cases rejected, re-apply and approved without having to wait for 3 months
This post has been edited by locomotive: Jul 31 2012, 02:02 AM