Updated :
I just signed my agreement with Bank Rakyat. The interest rate imposed is 3.90% instead of 4.08.
I made a 5 yrs loan.

This is a new promotion. Starting from this week until May, any loan processed within this week until May, you'll be imposed with 3.90% for 1-20 yrs tenure.

This post has been edited by solsekuin44: Mar 20 2013, 03:18 PM

is it true if a person has borrowing/loan of more than rm2 millions (95% consist of it is housing loans, 2 house loans), bank wont approve their personal loan application? even their income is sufficient ?

This post has been edited by mhelmi: Mar 20 2013, 07:18 PM

Just one question, I have only 2 commitments with bank, but in CCRIS report for one of them is showing as follows:

Mar = empty
Feb = 0
Jan = 0
Dec = 0
Nov = 0
Oct = 0
Sep = 1
Aug = 1
Jul = 1
Jun = 2
May = 2
Apr = 1

What are my chances getting approved by RHB Easy? Commitment is not a problem because total commitment is only 20% of my salary (amount to apply is only one month of my salary actually)

Also, is it true once rejected, you can't apply again for 6 months?

Thanks, any experts willing to answer is very much appreciated.

here the situation..my fiancee want to apply personal loan for 30k-40k.she working at private company for 3 month only with salary of 2.2k..is she eligible to make PL? if yes which bank?

Criss and high commitment eligible to apply ?

applicable for private sector/higher commitment? how much the loan you apply ?

Hi guys, I'm looking at an existing secured overdraft facility with Affin Bank priced at 2.0% + BLR p.a.

Does anyone know if interest on this overdraft is calculated using the standard mortgage formula?

very bad ccris report bro
no 2 in the report is a big no no to the bank

i guess u just wait for 1 more month to get at least 6 months of 0 at least for rhb easy....

Really bro? Even though I have very small commitments? Yeah, I have big financial problems last year, managed to cope with it eventually.

Anyway thanks bro.

Ok, but I need the money this week actually. Maybe I can try? If it fails can I try again next month? Thanks bro.

That, I'm not sure of.. Better go and visit the branch.
Sorry.

I think someone did ask Bank Rakyat, the rate is applicable to government servant.
Processed and approved exactly in 3 days. I applied 15k only.

What kind of company do you work with? I went to Bank Rakyat here in Jln Perak, they straight away say they don't provide loan for private companies, only MNCs and registered in their system as panel. I explained about my company as being international in oil & gas industry he did not entertain at all.

Bank Islam will accept but with higher rates than their panel companies.

Ministry of Education, saya cikgu.. Oh, saham Bank Rakyat is still open for purchase.
Limited to RM500 / person.

Goverment staffs sure approve I think, I even heard they had roadshows to schools offering loans.

By the way, went to RHB Easy just now, didn't expect to hear good news, but the screen showed approval for RM15k as applied. The decision fully computer-automated, no human factor at all. I'm still not sure what algorithm their program use, but as you guys can see my CCRIS above, I'll say it's "perfect".

I know their interest rate is high, but I plan to make settlement within a month. Just urgently need the cash right now.

Thank you all for your help and support.

Solsekuin44,

Taking a long term loan is a disadvantage, it not important as you still need to paid for the interest, and it locked yourselves in future and many taking loans to get a free exit for themselves, make sure a loan is payable in short term basis. it a liabilities for you but an asset for the banks, your ability to paid the loan is the asset to the banks, if you do not know what you're doing, or just planning to invest your money for such funds, it not an advantages if you could not control your asset flows, especially the returns if you depend on others. Just make a simply net worth after deduct liabilities such from banks, if your net worth is below then it always a bad moved. asset should surpass liabilities, make sure low debts, and debt are able to cover the loans within your power of returns but not simply depending on others.

Thank you for your advice.. I'm not using the loan for investment. I signed up 15k for 5yrs, but I think the latest I will pay everything is within 2-3yrs.

Good advice. Nice to have people like you helping others in the forum.

Hi,

I'd like to make a personal loan but so far i was told by Alliance Bank that they (and most banks) wont approve the application if i have no credit history. Currently i only have a credit card which i got in January 2013. The person said if i have had that card for more than a year then it might be possible, but if not it is likely to be rejected.
Apparently having no commitments such as car loans, housing loans or even ASB loan makes it hard for me to get a loan.
I have been working for 2 years, private sector, salary slightly more than rm3500, no commitments.
Is there any banks that offer personal loan for my case?

for car loan.
who possible to find for me?

i was borrow from city bank before with only 5.99 per annum but with special offer period la