Greetings + G'Day,

Perhaps, you may want to keep saving some $$ in coming months and renovate yr house later.. Just a thought.

Have a great day.

Hi all experts.

Looking to apply for a loan, probably between 50k-85k to set up a simple food outlet.

Currently working full time, zero loan commitment (no HP, no HL).

Question being:
1. Which bank offers good rates?
2. Do all banks have a cap? Say like 5x gross salary (coz I don't earn 10k a month lol).

I'm Chinese btw, if that's important.

Thanks in advance

5x gross salary loan only apply to personal loan . Since its business , i believe its different calculation

I just called Bank Islam since I see their flyers of personal loan starting from 3.25% per annum. Unfortunately you need to be an engineer or an accountant. For engineers you need to be registered with Board of Engineers Malaysia. Damm. Im working in private sector and wish to apply for personal loan. Which other banks are good?

A question here:

Why does all the banker require us to submit Borang BE when i asked them do i need Borang BE, they said it is not required. Once i submitted all the document, they ask me to provide Borang BE. Why i need to do so?

Hi Tuanrudi,
I have received, same call today and same offer.. it's good deal or there is hidden charges?
Please advices if you have any further information

Hi All,
Today I received call from Citibank and offer me dial for cash
(3.22% - 1 year payback term)
Its good deal ?Please advice and it's that any hidden chargers behind low interest?
Need expert advice here..

fellas,

is it possible for us to cancel PL application? friend of mine applied from CIMB loan (which I think sooo cekik darah) and they sent her a letter stating within 14 days if no reply then u deem to agree to accept the loan. However not even 14 days they already banked in the sum to her account

Bank rakyat for private only for those GLCs and Public Listed companies only as far as I know..

i applied already and they rejected because of the following:

1. Working period must at least 6 months for government & 3 years for private sector (current company)
2. Has been confirmed in the position
3. Minimum salary RM1000 per month for government & RM3000 per month for private sector
4. Method of payment through employer salary deduction
5. Company must be listed or panel with Bank Rakyat

at least thats what they replied to me la

This post has been edited by mohdshafie00: Mar 14 2013, 02:52 PM

yup, it's a good deal instead comparing to their normal rate. Btw there is a even lower interest rate with only 2.7x%, but only for selected existing customer.
*For hidden charges, jz check thru with the sales staff.

Maybe when they received your income documentation, the sales staff found out that your payslip doesn't match up with your epf / bank statement. So they will ask for Borang Be for better approval.

Any loan agent offer a good personal loan to refinance the debt?

can i ask all Sifus here?

i currently work in private sector in sarawak..

if not mistaken is semi-goverment.. ** Sarawak Energy Bhd (like TNB in KL)

Gross salary is 1.6k

Zero commitment

Max personal loan can reach how much?

i able to pay 500 ++ per month

Aeon credit will accept the terms ?

How come RHB Easy can approve personal loan within minutes? Don't they check with CCRIS first?

Aiman04,

This is because Easy RHB using their own system not alike any bank, which can link with Branch Delivery System (BDS) but also their system linked automatically to Easy Central Operation (ECO), dealing automatically by checking your Central Credit Reference Information Sytem (CCRIS) and Credit Tip Off Service (CTOS), such as how frequently your payment was made in the past. It can be done by using peer technique, but not alike other central bank which used document based where they need manual check their reference and system before a loan can be approve. If the system shown a refer to the branch, a document based will be done normally for those without Employee Provident Fund (EPF), just like you're applying for credit card, they have a system to check your EPF on the spot.

Thanks! Appreciate that, really informative.

Bank Rakyat just approved my loan.. Going to sign the agreement Thank God.

i think i am most qualified to answer this question, the other guy is right, the bank is OCBC bank, 90% is for standard loan which @ BLR-2.3 or BLR -2.4, or even better rate if your house is more then 1M, the 10% is for LVS (legal, valuation and stamp duty) but also @ BLR-2.3 or BLR -2.4 , and the other 20% is called renovation loan @ BLR + 1% (this is an optional product from OCBC for extra financing on your house on renovation purposes, but basically you can use the extra cash to do anything, like i said this is optional so your brother could have not taken it, and it is actually a perk for people who need cash, taking p.loan might result to more then 7.6 p.a. and this loan is on reducing term unlike p.loan, it is a flat rate, so much cheaper then cc or p.loan, but more expensive then a normal housing loan of coarse), i know all this because previously i was from a bank too, now i have switched working as a property agent.

The above reply is to answer someone who said his brother got a 120% bank loan and asked if that's possible, but i can't find where is the post already.

This post has been edited by ChargingScout: Mar 20 2013, 02:50 PM

scoring is based on your income, credit card usage, how many months have you not paid your cc and things like that. you know why actually nobody would answer you? cause all those stuff is p&c and as a bank officer they are sometimes not allowed to reveal such things to the CM , restrictions from their top management

This post has been edited by ChargingScout: Mar 20 2013, 02:50 PM