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 Personal Loan - V2, which banks offer the best deal?

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Denzy
post Aug 3 2013, 12:21 AM

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From: Kota Kinabalu


Applied for RM60k P/L from Hong Leong Bank but rejected due to CCRIS not being "enough"/"strong". I bought a house recently on January and only have one credit card (forced to take because of the house loan).

My income: RM8k a month, self-employed.
No other commitment except for the house, which is under DIBS and only have to start paying in 3 years time, and a credit card which is paid off every month.

The reason for the P/L is for temporary emergency, actually I only need RM30k but the loan officer recommended me to write in RM60k, lol.

Who else should I try?
Denzy
post Aug 3 2013, 09:40 AM

Getting Started
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Junior Member
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Joined: Sep 2004
From: Kota Kinabalu


QUOTE(mcfeemo @ Aug 3 2013, 05:36 AM)
if im not mistaken... PL is up to 5 times your salary right? ... in your case 8k x 5 = 40k  hmm.gif
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That's what I thought too, but since the loan officer asked to try RM60k, so why not I thought.
My case is like this, I might need this emergency fund of RM30k sometime in September, but I'd really like to repay the loan off this year (I got a lumpsum of money coming in end of the year), however if I apply for 6 months P/L, my commitment will seems higher at like atleast RM5k a month, so I planned to get 3 years P/L of RM30k but settle it in 6 months.

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