Is it advisable to take out cash from CC to pay debts?

Nope, unfront processing fees 2% and 1.5% interest rate per month if u unable to settle off your cash out / outstanding.
Better u go for balance transfer or cash on call. Market rate around 2%-6% depents on banks.

Sorry to ask but cash on call is like how?

Normally u can withdraw up to 60%-80% of your available credit limit and convert to monthly installment with a fixed rate.
Cash rate about 3%-9%++
Balance transfer about 2%above

This is 1 of the package from hong leong bank, but i consider quite high since p.loan just 7.88%.

http://www.hlb.com.my/pfs/cc/cccoc.jsp?flag=cccoc

So any other alternative? Is that true that AEON didn't see your CCRIS report?

This post has been edited by vmadone: Jul 27 2013, 10:56 PM

Im looking for the lowest personal loan

Looking for cheaper rate ? Use google search =)

Not true, but their approval rate higher compare to others bank and of course their rate also higher compare to others bank. Normally ccris showing 3 or above i would say it's a confirm rejection. 1 or 2 still acceptable, depents on bank as well.

This post has been edited by Ken_HP: Jul 28 2013, 02:40 AM

if i take personal loan at 6% - 6.5% ... then put into asb which return will be around 7% - 9%... do you guys think it worth?

Oh but it is hard to know whick bank accept 1 or 2 bad records in ccris.

better get asb loan then...

asb loan interest is not fixed right?

it fluctuate... i sense a risk there

Hi, I think everyone is looking for the lowest rate but they forget about eligibility.

I tried several banks and they all reject my application due to my bad record. At last, i end up with one of the highest rate but at least I got what I want. No complain there.

i dont hv any bad record at the moment... first time applying for personal loan... any recommendation?

What is your monthly salary? Private/Govt sector? Commitment?

hi,

currently urgent need to get personal loan, what's is the lowest rate currently? any recommendation? need to get 15k loan, with salary 4.5k.

thanks.

4k++ salary working with public listed company.... Commitment only for my car loan... But dad is paying becoz mum is using the car..

This post has been edited by mcfeemo: Jul 28 2013, 08:36 PM

So long as your HP payment record is good and the amount you wish to apply is not too excessive, you should not have problem getting the loan.

BTW why you are applying for loan as your pay is good and you are in debt?

Rate depends on whether you are working with govt or private sector? CCRIS record? Commitment?

Hi Lye, which bank you have ended up with?

AEON Credit.