Nov 19 2012, 09:46 PM
QUOTE(fadliafzan @ Nov 19 2012, 08:34 PM)
Hi all,
Debt Quantum VS Historical Debt Payment Behaviour
My salary is 3 plus and initially I only had 1 restructured ambank PL and 1 under provision loan. According to the record, the AmBank has prompt 9 month payment, un fortunately early of the year I have record of 4 months miss payment.
So I cleared the CIMB loan and my remain RM 1500 with AmBank
With POV of loan quantum over repayment capability, I would be rate as A++. However..jeng jeng jeng..another variable factor to this credit rating, your PAST payment behaviour.
I would like to share my saga of obtaining PL.
Starting by inquiring with Bank Islam, they offer 10 x salary, with 10 years tenor, great!
By the way, I applied later as I need to clear my under provision account with CIMB. So I struggle to get cash and fully paid the loan. FUH..
Then, follow up and obtaining the release letter also hard 2nd FUH. Then, need to wait another 15th of the month to be removed from CCRIS Turn out, it wasn't removed, so, at the lobby of BNM I call the collection and shout, they expedite it and remove it next Monday.
Then, at the same time, I also apply SCB,Al Rahji,CIMB. All of them rejected.SCB said that it is system rejected, cannot be appealed, The reason, is I don't have 1 year credit card. It is said the algorythym is set by BNM.Fine
Same goes to Al - Rahji, fast update but failed, reason being, I have restructured loan and there is remark 4 in CCRIS. The officer don't want to appeal.Fine,
While for CIMB, I gave up and don't want to follow up.Fine
Bank Islam, it wasn't rejected at the beginning, they still give promising way to clear my CTOS,(upon checking). So I managed to clear the CTOS by paying non benefit P1 wimax, Fuh...
BI told me upfront the application is rather long as BI still implement human consideration. ok fine, so I pray lot believing this is the hope..wah..my only hope.
Turn out today BI rejected my application, the reason is system rejected, so cannot be appealed, amboi...after so long I've been waiting, and had gruesome short clearance, this is the result.
I double check with the BI again about my CCRIS, (to ensure it removed), but it yet removed, then I called again the CIMB, within minute, they reply they already sent the report to BNM to remove. I partially ignore it as I planned to cleared my term loan and apply the next month (when everything is squeky clean). Anyway, I cannot tahan anymore. I took risk to visit....jeng jeng jeng...EASY RHB..wah...this is the last place I want to visit.
So I applied, without expecting to be approved anyway, the System Reject Code will appear and blah blah blah..
KABOOMM!! The screen appeared APPROVED within 2 minutes. Just like jackpot. In my mind, shit, this is the only the best I can have now.Oh..I need to take this. I asked the officer why this bank can approve while other just simply reject the loan. He said, "RHB EASY mah.." hahah..funny la this guy. Adui...thank ful but not so thank..nevermind, just take this and I will restructure the loan with BI somehow.
So to all, there is no orang dalam or whatsoever, if you really determined to get something for good reason, just don't give up, keep trying and expect the positive. For sure when we heard some officer explain the blah blah of the result and potential outcome of messed record, but every bank has different risk appetite and approval strictness. But it all come into logic, whereby high risk appetite positively correlated with high rate mah..
.
Rhb easy mahhh, yes their approval rate is way much higher den any bank. But their interest rate is also way much higher Debt Quantum VS Historical Debt Payment Behaviour
My salary is 3 plus and initially I only had 1 restructured ambank PL and 1 under provision loan. According to the record, the AmBank has prompt 9 month payment, un fortunately early of the year I have record of 4 months miss payment.
So I cleared the CIMB loan and my remain RM 1500 with AmBank
With POV of loan quantum over repayment capability, I would be rate as A++. However..jeng jeng jeng..another variable factor to this credit rating, your PAST payment behaviour.
I would like to share my saga of obtaining PL.
Starting by inquiring with Bank Islam, they offer 10 x salary, with 10 years tenor, great!
By the way, I applied later as I need to clear my under provision account with CIMB. So I struggle to get cash and fully paid the loan. FUH..
Then, follow up and obtaining the release letter also hard 2nd FUH. Then, need to wait another 15th of the month to be removed from CCRIS Turn out, it wasn't removed, so, at the lobby of BNM I call the collection and shout, they expedite it and remove it next Monday.
Then, at the same time, I also apply SCB,Al Rahji,CIMB. All of them rejected.SCB said that it is system rejected, cannot be appealed, The reason, is I don't have 1 year credit card. It is said the algorythym is set by BNM.Fine
Same goes to Al - Rahji, fast update but failed, reason being, I have restructured loan and there is remark 4 in CCRIS. The officer don't want to appeal.Fine,
While for CIMB, I gave up and don't want to follow up.Fine
Bank Islam, it wasn't rejected at the beginning, they still give promising way to clear my CTOS,(upon checking). So I managed to clear the CTOS by paying non benefit P1 wimax, Fuh...
BI told me upfront the application is rather long as BI still implement human consideration. ok fine, so I pray lot believing this is the hope..wah..my only hope.
Turn out today BI rejected my application, the reason is system rejected, so cannot be appealed, amboi...after so long I've been waiting, and had gruesome short clearance, this is the result.
I double check with the BI again about my CCRIS, (to ensure it removed), but it yet removed, then I called again the CIMB, within minute, they reply they already sent the report to BNM to remove. I partially ignore it as I planned to cleared my term loan and apply the next month (when everything is squeky clean). Anyway, I cannot tahan anymore. I took risk to visit....jeng jeng jeng...EASY RHB..wah...this is the last place I want to visit.
So I applied, without expecting to be approved anyway, the System Reject Code will appear and blah blah blah..
KABOOMM!! The screen appeared APPROVED within 2 minutes. Just like jackpot. In my mind, shit, this is the only the best I can have now.Oh..I need to take this. I asked the officer why this bank can approve while other just simply reject the loan. He said, "RHB EASY mah.." hahah..funny la this guy. Adui...thank ful but not so thank..nevermind, just take this and I will restructure the loan with BI somehow.
So to all, there is no orang dalam or whatsoever, if you really determined to get something for good reason, just don't give up, keep trying and expect the positive. For sure when we heard some officer explain the blah blah of the result and potential outcome of messed record, but every bank has different risk appetite and approval strictness. But it all come into logic, whereby high risk appetite positively correlated with high rate mah..
.
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i'm not simply taking loans. this one have to
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