Is possible to get 100% payout with below 4% interest?

HLB, 3.66% pa, 36 months, cash from CC. Wise move??

yes, indeed. 3.66% only for existing customer if not mistaken. Normal rate they charging 9.88% =)

Thinking what can do with the money, amount not so big through...

Suggestion?

Are you sure citibank dail for cash offer you with 3.22% PA? As i know the interest will be around 8.2% PA

Anyone who can provide me with info about bank rakyat loan for government servant,for around rm28k,with repayment either 7 or 10 years, please let me know. I want to know the monthly payment that i have to make and the total payment plus the interest.

3.22% only for existing customer, bank normally based on good payment record / etc to offer such low % to existing customer.

even name clear from ctos, ccris etc. still hard to apply personal loan or credit card. aiya!

how to get this? any processing fees?

Why does ppl always thinks that by borrowing a PL is a better way to settle CC outstanding?

If one really wants to settle CC outstanding, just pay the minimum due of 5% timely every month and don't spend further. It is the same commitment and discipline as paying a PL installment.

paying minimum wont help u settle ur cc outstanding in 2 years time

hi all..i've been working in private sector for 2 years.my basic income is rm1650..if + overtime can reach to rm2500..i wanted to apply for pl but wt i really cocerned is most of the pl that i surveyed required at least 2k income.can i apply for the loan?will the pl be approved?by d way, i wish to apply for 25-30k loan..

Gov JPA contract staff.. got Biro Angkasa.. which bank can apply loan?

yup, paying minimum won't settle your debts within certain period of time, whereas PL have a time frame for you to settle the debts.

1) 420k n 880k both will be shown in your CCRIS report. It doesn't matter what the amount is. The utmost important thing how much the monthly repayment is.
only your monthly repayment will take into consideration and will be calculated as your commitment.
If your loan with bank A is 420k, and let say the monthly repayment is only RM50. its your job to tell the bank B that your existing financing with bank A is only RM50 per month.

2) if you have rm10000 credit card outstanding (retail transactions or cash withdrawal, easy payment, 0% for 60 months or whatever) automatically all banks in Malaysia will be calculating RM500 as your monthly commitment. (5% from the total outstanding)
- unless when we apply a personal loan to settle a credit card outstanding then this no longer will be considered as your commitment

- but only certain banks doing this kind of processing when calculating the monthly commitment. the rest they just dont care what u gonna do with money once the loan is approved. If once the credit card outstanding is there then its there. When submitting the application, if we want to settle d credit card outstanding or not is not of their concern. RM500 will be considered as your existing commitment. (kinda stupid bank policy to me)

- for charge card ie american express / diners club. be aware. if we have RM2000 outstanding, automatically RM2000 is your monthly commitment.
Full payment is a must before apply a personal loan.

They will call you to offer~

What logic is that?!

Does that meant you get PL you don't have to pay?!

And always remember card is on reducing interest whereas PL is on flat interest.

Assuming RM30k balance the min pay is 5% i.e. RM1500. So if one is committed to pay the RM1500, one can pay up within 2 years.
If go by the same logic of PL for 2 years with interest rate of 10%. Monthly repayment is lower at RM1,500. But interest is RM6,000 vs RM1,536 if you pay promptly RM1,500 per month.

Although cards you see the interest rate is 15% (if you pay promptly for 12 months).

Hello all,

Need advice on pl full settlement.

Last time I made pl 81k with 5.5% p.a and monthly payment about rm820 for 15 years with 2 years lockout period.

So after 30 months I decided to make full settlement and asked the bank to issue letter for full settlement.

The bank sent me a letter with total amount around 77k for full settlement. Which means that for the past 30 months

I only paid only 4k for principal, the rest of the money goes to interest.

My questions are;

1. If we want to make full settlement before end of loan tenure, I thought bank will give some rebate.no?
2. Correct me if I'm wrong but from what I understand the 5.5% interest should be rm4455 per year, for 30 months
around 11.5k, and if I'm about to make the full settlement the total amount should be lower than 77k.

I'm not an expert in this so I appreciate if any sifu can give me advice regarding this.
fyi, I've already contacted the call centre to clarify this and they promised me to call back but it's already 24 hours and no response
so before I follow up back I would like to know opinion from another party.

I am thinking to apply PL from RHB...

Salary 2.4k

monthly commitment rm660/car loan ( RHB oso )

can i still apply?

oh ya,newbie here...no CC oso...TY

1. Based on loan calculation, the bank already given you a rebate of RM 45,842
2. The calculated actual amount for settlement is RM 77,382


PL does not usually give you much savings when you settle earlier. The calculation is based on standard loan settlement calculation. You would not have much luck to nego for better settlement and all these is already written in you PL agreement when you sign up. You can choose to settle or continue to pay the PL.

That is why Rule no 1 : Never take PL (especially long term ones) unless you have no other choice at all.

This post has been edited by gark: Oct 5 2012, 01:36 PM