Let say, I want to have maximum personal loan applicable for my current salary (example only), and I'm working for private company.

Gross salary: RM1200
Incentives: a few...normally few hundreds (lets keep this fella out of calculation aight guys?)

Preference of payment: fast settle, least duration possible

Amount to loan: maximum applicable for mentioned salary, minimum of RM5K the least

Details: this is my 1st loan, working for 1 year already.


So the questions:

1) based on your exp, which banking institution offer best loan and payment? I check CIMB, 2% of total loan. if RM5K, it is RM100/month for interest only

2) if I loan, can I apply for Skim Amanah Rakyat 1Malaysia (SARA 1Malaysia) later on? or should I apply SARA 1Malaysia 1st, then only apply loan?

3) how to calculate everything? just a formula or example will do. I'll try to figure anything else myself..really clueless where should I start

4) can I take out the SARA 1Malaysia from ASB during the 5 years duration?

5) any other option other than bank loan? no along please

6) that's all for now I guess...back to reading more on loans

This post has been edited by Invince_Z: Sep 12 2012, 07:30 PM

CIMB Xpress Cash Financing-i @ RM800 minimum, but have very high interest, 2%
maybank require RM30K/annum the least
others as you say...the least RM2K

RM1.2K just example. lets change salary to RM2K. how is the calculations...any advices?


other than PTPTN, nothing else. salary is mine 100%, but i do deduct RM100/month. the rest, is all mine....either to spent or to save.



what about the SARA 1Malaysia scheme? can i take out the money?

This post has been edited by Invince_Z: Sep 13 2012, 01:29 AM

anyone familiar with biro angkasa PL?

I tried getting PL from RHB & CIMB, during conversation with the consultant, he, said my case is very hard since I'm going for 10K loan with only RM1.5K salary without CCRIS (also cannot do 10k since loan is 5x basic salary). This will be my 1st loan of any kind.

so he suggest me do ASB loan of RM30K minimum to establish good CCRIS, then try apply PL after few month, > 6 month if possible. he also said if within same bank, 2-3 month CCRIS can be considered already but no chance if different bank, need at least 6 month CCRIS.

does he speak truth? is there any other way? it's unlucky coz I never heard of CTOS, CCRIS and all these before. now that I need money urgently...so many obstacles.

If I know must have CCRIS, I would've done ASB loan last year

This post has been edited by Invince_Z: Nov 3 2012, 05:03 PM

it's for personal use..there's no other way already. PL is the only way now...sigh

btw, where can I find the interest rate for BSN promo you post above?

This post has been edited by Invince_Z: Nov 3 2012, 05:15 PM

ooo...ok. thanks

to answer yours, you can.

imo, it's not a good idea. do you have saving in case of sudden need of money? how much is your salary? bought what car? new or second? you really need a car? do you consider second hand? will you be able to pay both PL and car loan..along with other commitment?

This post has been edited by Invince_Z: Nov 4 2012, 02:23 AM

continue from above post, I just found out we have something called term loan --> Term Loan @ Maybank

what is term loan actually? from wiki seems like similar to PL

This post has been edited by Invince_Z: Nov 4 2012, 12:33 PM

it seem you in good hand n kinda have valid reason for getting car.

have you consider motorcycle?

why dont u use ur saving?

if ur PL for 5K, how long you intend to pay the repayments?


sometimes it is good to let others know how much u earn so they could really grab ur situation.

u not bonkers28 maa...motorcycle really save a lot. i only spent RM20 petrol money going back n forth at work for a month compared to car petrol money....

anyway, i also agree with u, 5K is not worth it for PL, but if no other way, that's the last choice we can count on. if can pinjam from relative better since no need pay interest, but if anything happen, lose face ah

to me, he seems someone who could manage his money well, getting 5K PL and settle it asap should be no problem it seems, but if he can find other way of getting 5K, then he should avoid PL at any cost.

This post has been edited by Invince_Z: Nov 4 2012, 06:35 PM

if female then I suggest you not consider motorbike. it's kinda not safe to ride,u know lah the crimes...snatch cases. unless u the brave-type girl, or your home-workplace-home route is safe, then by any means get a ride.

if u get a bike, by any means always store your belonging is the repository,even if u lazy, it is compulsory. also never ride alone, or at dark/dim lighted area. go for crowd area and lock your bike, always!! also, riding bike is piece of cake, much more easier than learning driving a car..but u need B license then

i think a scooter would do u good. but if u already have D license, then </pls refer to adolph's suggestion>

yup PL is not worth it, but if there are no other way, that's your only way out. however if ur car would help u a lot, not just home-workplace-home stuff, but u need it for your job..just get it. it's an investment


ya2..sharing car is good idea. bonkers28 just topup petrol money once in awhile is ok d. I'm sure the other party will be glad also since your friend can save a lot by sharing car.

This post has been edited by Invince_Z: Nov 4 2012, 08:56 PM

guys, what do you think of AEON i-cash?

it is 0.84% p.m..means 10.08% p.a.

compared to CIMB:

AEON i-Cash, 0.84 p.m. @ 10.08% p.a.


CIMB Xpress Cash, 2% p.m. @ 24% p.a.



much cheaper than CIMB no?

This post has been edited by Invince_Z: Nov 5 2012, 06:59 PM

both are cheap, but...their rules quite strict since need >2K monthly. those I post for >800 income peoples

I, myself, earn RM1.5K a month...so, bank islam n alliance is no no, unless they could lower down the requirement, then I'm all in. tbh, i've seen all kinds of repayment table from all bank and financing institution, do some calculations, only RHB & CIMB left as choice. AEON is because I ask certain agent to look for me, and he give me AEON i-Cash. I talk to him thru phone today afternoon, and ask him to send repayment table, forms, and rules

tbh, i despise personal loan, but this time is an exception since i really need money urgently before next year. the only loan i would do, ASB loan. maybe i would do PL in future if i could find a way to multiply the loaned $$ exceed that of PL made. or maybe an overlap. its all depends.

to get this PL i did so much research to the extend maybe if a bank need new hire, that would be me..that's just me, research to the max till i muntah & having PL monthers chasing me in my wet dream

This post has been edited by Invince_Z: Nov 5 2012, 09:50 PM

i'd rather take AEON than CIMB. is AEON CC a must?

yup, credit card. non-cc holder interest is 0.84 p.m....cc holder got 0.8 p.m...not much different tho

thinking of applying, but if I need to go out of where I stay, the salary have to be at least 2.5K, only then it worth as much as my current salary

---

Added on November 12, 2012, 8:03 pmafaik, easy RHB require EPF transcript to apply, which is check and printed when you go see them. so..chances are you cant apply Easy RHB

if u (or your soon to be wife) can apply with Bank Rakyat, by any means apply with them. Next is Bank Islam.


Bank Rakyat...Gov servant so damn lucky. i jelly sia


loan is how much? 10K? 15K? repayment period is how long? 24 months? 36 months?

This post has been edited by Invince_Z: Nov 12 2012, 08:03 PM

i wanna see also. also need to know min salary eligible.


dunno. u can try. hope they wont find out.

i just applied for PL. but the approved amount is small..monthly pay only 12% of my current salary. if i apply for another PL, will it be approved?