they dun care about your salary date. they just want you pay their money within time given.
you must manage & allocate your money for car loan repayment.

Good Morning Forumer's..

I having and issue/dilemma in choosing the correct bank to apply for PL.

I shifted to a new company and its been 2 months.

Previously was working for a different organization.

Now the question is, i wanted to Apply for PL as got some debt to settle, but since this is the first time i am doing so, i am not aware of the terms and also the procedure.

Checked I-Money website and they stated for the interest and effective interest which i don't know the different.



I wanted to to apply a very minimal Loan amount (Prefer RM 5K to RM 6K but wanting RM 10K) and settle it in 1 year time as i dont wish to prolong more and delay in paying interest together as i might have other commitments comming.

I don't have any loan currently nor having a credit card.

Some of my friends said apply for CC and withdraw money from there as the interest is cheaper but from my point of view, CC means your stuck there for good ,locked and no turning back to settle as will be paying only for the interest never ending.

I Just wanted to get a very fast loan approved.

Currently in MNC
Duration : 2 Months


Which PL is secured, less interest, easy and offers payment back system so i can settle in 1 year time with low interest and no hidden hanky panky Conditions.

I can Fork out Maximum RM 500 Monthly on top of my salary.

Personal loan repayment is fixed every month and the amount of interest you need to repay is also fixed even though the principal is reduced as you pay along the period. So that's the difference.

As what you have said, I assume that your ccris is clean. If that's the case, to get your ploan approved is a bit hard as ploan is still an unsecured product. Bank will not risk of giving out loans for people who does not have any repayment record or commitment. You can still try your luck though. Maybe some banks accept such application.

What your friends said is true where withdrawing money from CC charges lower interest, but bear in mind that, any late payment or failure to pay, will result your outstanding to be charged at a normal rate. Quite risky to do this though unless you have a very firm responsibility to repay it promptly.

Hopefully I manage to help you to clear some of your doubts.

Hi all,

need advice here.

I would like to loan a amount of 25k- 30k. Tenture is 2 yrs - 3 yrs or 5 yrs if the interest is low.

In Mnc for 6 months. (Salary 5k)

Holding 2 Credit Cards ( Citi 3mths old- CL 25k , Cimb 1 yrs- CL 10k)

Both got 0 outstanding.

May i know which bank can i go to?

* Add on 1 more credit card .. Maybank (newly approve) - CL 20k

This post has been edited by HeartMePlz: Jun 18 2013, 07:51 PM

its my 3rd job already.. but previously i don't have epf so they say its hard to do very stressful right now

As long as you have bank statements to proof that your salary crediting into your account. It should be alright. Unless Aeon requires the epf statement. Maybe try some other banks?

anyone from RHB here? need your confirmation regarding personal loan package 3.6% for GLC staffs...

Is it normal for the bank to bank in the loan to me, and not issue me and black and white (not even an email)
I received this amount i loaned this morning, and till now there's no one following up on the details.
Am i not suppose to receive an email of some sort stating that i loaned money from the bank, and my monthly installment is RMXX, and pay to what account?

I'm a bit confused. Also, the bank sort of charged me RM80++ for banking into another bank? Am i meant to be charged that amount? i thought Interbank transfer charges are only RM0.10 now?

Btw, bank i loaned from is Alliance bank, and they credited into my Maybank.
Very blur case now. Called up the branch but no one picking up. =_=

---------------

Edit :: Problem solved. Called up CS and CS explained everything.

This post has been edited by angellus_riku: Jun 19 2013, 03:52 PM

My income 30k per annum . Having a car loan rm670 and owe two credit cards around rm8000 .. Recently apply for the hong leong bank personal loan to cover some of my cards debts n personal use .. Get rejected and bank cant give me any reason for it ... When i apply the person incharge say if i apply for credit card settlement it will easier approve cox commitment lesser n point will increase but end up rejected ... Anyone know how i can get the loan or what should i do...my credit card payment i check ccriss all 0 only one month is 1 ... Will this effect?

The amount i loan is rm15000

This post has been edited by 13aby: Jun 19 2013, 05:40 PM

i have balance with maybank personal loan amount 10k

im not gonna pay until 1st august where i will make full payment

how much they gonna charge me ? what i see from the website is 1% p.a

what doesnt that means ? thanks for helping .

If thats what the bank says then it is. A late payment charge 1% of the instalment amount. But look at the agreement or terms and condition you signed previously. It maybe stated there too.

This post has been edited by Mrs7yengGuy: Jun 19 2013, 10:24 PM

my issue is the same as you, only thing my debt is higher. (let's just say more than RM10K)...
my commitment is only the Car loan which is slightly lower than yours.

Applied for Alliance (the same amount), and it got approved.
MAYBE you might wanna try Alliance bank

(and no, i'm not a sales agent for Alliance bank. Just happened to see your predicament and i totally understand)

Yeah. Because Alliance Bank as a feature of credit card and personal loan consolidation whereby they will pay off the debt of your credit card straight to the bank which makes them assured that your commitment will turn low and only owing to Alliance bank.

i would like to apply for personal loan, not much maybe around 30-40k for some house renovations, any recommendations??

No wo , hlb also do same thing to my cards oso rejected .

Mayb alliance bank easier cox my friend simply apply also approved but without notice ... Till u check ur account lol

Guys..

Which bank offer competitive interest rate for Government servant?

I currently have 4 credit cards, used up all my credit limit CIMB = RM8000 MBF = RM5000 HLB = RM5000 AEON = RM4500 Totalling RM22500. Also have a car loan around RM680 a month. My salary is RM3500 + RM400 petrol allowance working for a Sdn Bhd company. I would like to get a loan of RM23000 to clear up all my credit cards and cancel all of them. Been trying with several banks but all got rejected which I think is due to my bad credit history. Anyone who can kindly advise me on what to do? Is it advisable if I were to get a loan from licensed money lender? Hopefully someone can help me here. Thanks.

Look for AKPK, call them, tell your problem.. they will give u advise..

Since you have bad credit record, it would be very unlikely you can get a loan approved especially personal loan. Negotiate with with your credit card banks on how to settle of the debts. They may advise you or propose you something.