It means that the actual interest rate that you're paying is 13.97% instead of 7.6% because the interest instalment is calculated based on the same fix loan amount eventhough you are already reducing the outstanding balance owed. Unlike housing loan whereby interest calculated are based on reducing balance therefore paying lesser interest.

Personal loan is always charged at high interest as it is an unsecured loan whereby housing loan, the bank has your house as collateral.

Hope this will help you to understand.

i heard citibank also offer rate like this , around 2.66%/pa .... i think they will call you guys to offer you all attractive rates , but if you were to walk in/etc may not get the rate like this .

something privileged customer only perhaps

As far as I know, Citibank doesn't have PL anymore.

Are you referring the link below?
http://www.ocbc.com.my/personal-banking/Ca...l_for_cash.html

No penalty for early settlement

hi there...

Age : 29
working at Private Sector (SDN BHD company)
Job: Knowledge Management Service Desk
Basic salary :RM3200 w/ fixed allowance of RM500
Commitment : None
Credit Card : 3 - planning to clear and close with loan

Looking for PL of around 15000 for 3 to 5 years tenure. Possible?

thank you...

hi there.

planning to get PL from aeon. is that adviseble? to clear of cc.
looking to take 10k for tenure 5 years with RM250-300 repayment.
any advise is appreciated.

Age : 27
working at multinational IT company
salary after deduct epf/socso/tax: RM3300
Commitment :
house-700/m
automobile-500/m
internet200/m
Creditcard-300/month-bal 5k

i have a question here, is there any personal loan for student@diploma? i mean easy loan approval. i dont have salary slip and such that. i wanna loan 10k to buy used car because i have 15k in hand. i pretty sure can pay them monthly without any problem. so is there any bank that has easy approval? doesnt matter if the interest is high around 3-5k. i know this is such a stupid question, but i just wanna know. hehe have a nice day

whats the lowest interest loan for private sector employee?

Mostly bank require income documentation.
Why don't u just apply for car loan as the interest rate is much more lower compare to p.loan.

is there any way to apply for car loan, but its not for buying car?

im self employed. i have my own business. 2 YEARS SSM nad got 6 month latest bank statement. which bank easy to make loan? anyone please.

got rejected because of APL_FC14 - CARD ACCOUNT : PREVIOUSLY NPL / DELINQUENT..

however that particular card has been cleared and we even have the letter stating tht account is clear...any chance of getting PL?

If you apply personal loan from the bank of your npl/delinquent credit card. They wont approve. Better try to apply from other banks. But the chance to get the loan approved is low.

Hi All

need some advice, usually banks need 3 month payslip record before considering the PL applications.

buit on OCBC page:
http://www.ocbc.com.my/ocbcal_amin/pb_fina...res_i#Progres-I

it says 1month salary only or EPF statement for the year

is this true??

Anyway to get a loan if i'm in debt management program (AKPK)?

I heard there are certain koperasi loan might approve with longer tenure of repayment. But too bad.. I also heard only for Gov servant.

So idea? Expert out there pls share your thought

Hai guys. I want to apply PL for 5K only for personal reason. I'd check the aeon website and its stated rm250 for 24months. Is it ok to take aeon? Do I have any other options cause I started working at this new job last april. help pls

Is your new job your first job? If previously you have worked before then it should be alright. If it is your first job then it might be hard to get.

hi, im new here.

after reading most of the posts, feel like sharing. ive been reading about pl lately. went to few banks to get some ideas on procedures and repayment.

i just started my current job(private sdn bhd comp.) in january'13, confirmed position in may'13. basic 2.9k, +200 fix allowance, +100petrol.

never used cc, car loan already 2yrs, 900/mth. ccris got 11111111. this week submitted 2 pl application via ambank and uob bank amt 15k. i applied together with cc application each. is it a right move to apply pl + cc at the same time?
at one time 2 loan applications from diff banks some more?

please advise, what are my chances? if both reject, should i consider applying pl from bank where i got my car loan? or is that what i should do at the first place?

+info, im single and staying with parent.

This post has been edited by arizz45: Jun 13 2013, 11:37 PM

ccris record 11111111 = bad.

if you want to take personal loan, bank will use your ccris record as reference. So, plz make sure you pay your car loan or other loan within time period ok.

This post has been edited by mrsmytb: Jun 14 2013, 10:24 AM

thanks for your comment..!

my salary credited after due date thats why, they cannot consider at all ? what to do now... haishh..