use credit card cash advance would be much easier and flexible, cash out and balance transfer to other card with 0% rate. Total interest paid much lesser and get your money much faster, less document required when apply credit card compare to personal loan

Regarding RHB Easy loan, for example total 15K loan with 3 years tenure and the monthly installment would be RM565 total up would be RM20340.
If after paying 6months installment and plan to make full settlement, how much do I need to pay back to the bank?
Do I still need to pay the full amount which are RM20340 or the interest rate is based on reducing balance means the total amount will be less than RM20340?

I just got to knew that I'm eligible to take loan 11K for 3years, but I plan to settle it within a year.

This post has been edited by Leon||: Mar 28 2012, 11:32 PM

do you want to try to apply from ALLIANCE BANK 8.88%

This post has been edited by edmundwong: Feb 17 2013, 11:33 AM

If you are able to settle it within a year that would be good .. will the bank charge you for early settlement ?

You're able to settle it after 6 months otherwise RM200 penalty will be impose. I plan to settle it within a year or less than 2 years. After 6 months I'll pay back 4-5K and balance of the loan will pay by installment probably settle it within 6-8months.
Is this a good choice since RHB allowed to get cash on the spot, it just that I'm worry may pay too much interest at the end.

Are you referring to the penalty that they will charge RM200 if you aren't able to settle in whole amount within the 1st 6 months from the loan approval date ? Not sure will they revised the interest rate if you are capable to settle the amount in wholesome.

No. The penalty will impose if settle the full amount before 6 months. After 6 months you can full settle without charges.

If that's the case .. then for the 1st 6 months repay them according to the scheduled calculations .. after that, still carry on to repay them accordingly. In the background save the excessive cash you want to clear the outstanding balance. Till you are ready then clear it one shot.

I assume that the bank will not revise the interest rate as its already fixed upon the loan amount, right ?

Yes, the interest rate is fixed but it's reducing balance.
Then I gonna repay them accordingly for first 6 months, then repay 4-5K and balance with installment which last 1/2 - 1year.
Then might save the interest charges

I just received a phone call from someone claiming to a Standard Chartered bank officer who wants to offer me personal loan.

They require a photocopy of my IC before they can check how much I'm eligible to borrow. I declined the offer and they asked me to call back the number if I reconsider.

This is probably a scam since the person was speaking in Mandarin. Here's the phone number +6052207933 for reference.

if for fresh PL,how much the interest rate from mbsb?
im a government servant looking for PL
which bank can give lowest rate?

i want apply PL 20k above..which bank?how about interest?any suggestion...

*private sector
*monthly RM2k
*don't hv any loan yet & card credit

This post has been edited by speckey: Mar 29 2012, 03:53 PM

hi all. need ur help here. i am a community college (government) lecturer for the past 1 year. currently want to apply personal loan to move to a new house and for personal use. can someone guide me through the step and what bank is the best with low interest. my salary is around rm2.2k and i only have car loan of about rm600 per month. no other loan.
i want to apply form rm8000. anyone can help?


This post has been edited by rujhan: Mar 30 2012, 07:23 AM

I also try to get PL too... still deciding which bank I should visit tomorrow... I dont have credit card, only have a car installment... who can get guide me to get PL from banks

how to apply for MBSB loan and wheere to apply in j.b?working in sg can apply?

i need around 20k - 25k PL . im currently running a business on my own and what requirement do i need ?

Saw MBSB Exec_i package at 3.5% interest.
My salary is 2500+2500, 2 employers and both contributed EPF monthly. One of the employer is public listed company and the other one is SME.

I would like to borrow RM 100k for 20/25 years tenure. I want use the money to invest into my share.

Anyone got any comment on this?

Hi,

I am scouting for a 30k loan to be paid in 36 installments with minimal or no interest. Any recommendations? Thanks.

Just went to Al Rajhi Bank (Puchong Branch) for PL enquiry:

Eligible: 5x your gross salary
Interest: 7.25% P.A
Max tenure: 5 years
Amount range: RM2000 - RM56000

Documents required:
I.C.
3 months payslips (Either endorsed Certified True Copy by your HR, or you bring the original Carbon Copy with Company Logo to Al Rajhi Bank)
3 months bank statement (Your active bank where you receives your salary)
Your company's offer letter & confirmationi letter

Upfront charges (Mandatory):
Stamp Duty: 0.5% of total loan amount
Delivery Charges: RM250
Takaful insurance: Depend on loan amount. Range approx. RM30 - RM200
Amanah Raya Will Writing: RM350 (This became mandatory now. Website's info is outdated.)

THIS RATE IS VALID UNTIL END OF MAY 2012.

There's a side requirement that you need to work for your current company at least 6 months & your previous company at least 2 years as minimum. Also you must work within the same industry/field.

I didn't pass the last requirement So I shared these info here hope to help some others.

hi ,do u want to try for the alliance bank p loan with simple document require , send me your email at alliancefinancing_i@yahoo.com , so that i can forward u more detail