Jul 16 2013, 01:27 PM
QUOTE(Cinta Laura @ Jul 15 2013, 08:10 AM)
hello guys, which bank offer the best personal loan and kinda easy to approve? currently I wanna make personal loan, but using my sis name since she worked already while I still study.
I wanna borrow 20K to buy second hand car. so my sis salary around 2.5K per month, not work from goverment, from software company.
so it is easy to approve? what kind of document she need to ready?
thanks and really appreciate
This is possibly the latest update - http://www.imoney.my/personal-loanI wanna borrow 20K to buy second hand car. so my sis salary around 2.5K per month, not work from goverment, from software company.
so it is easy to approve? what kind of document she need to ready?
thanks and really appreciate
If I'm not mistaken (correct me if I am wrong) -
a) There is no such thing as "kinda easy to approve" these days. All banks and credit companies apply a set of guidelines to determine your credit worthiness before releasing a loan to you. These are determined by several factors which you can easily Google up.
b) Being unsecured by nature, a personal loan requires no guarantor. In other words, you cannot have a guarantor for a personal loan. Secured loans like house, car.. etc can.
c) Personal loans are "expensive" as oppose to car loans. Ex - 9% vs 3.5%
Solution
Just ask your sis to purchase the car!
1) Choose your car. Pay a deposit.
2) Bring a copy of her I/C. Driving license. Relevant income documents.
3) Wait 3 - 5 working days. Approval (Assuming your sis is creditworthy)
4) Get your car insurance cover note ready. Sign all documents.
5) Take car keys and drive home happy
Hope this helps!
P/S - 6) Start paying your sister back!
This post has been edited by PowerPlay77: Jul 16 2013, 01:29 PM
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