Good Morning Forumer's..

I having and issue/dilemma in choosing the correct bank to apply for PL.

I shifted to a new company and its been 2 months.

Previously was working for a different organization.

Now the question is, i wanted to Apply for PL as got some debt to settle, but since this is the first time i am doing so, i am not aware of the terms and also the procedure.

Checked I-Money website and they stated for the interest and effective interest which i don't know the different.



I wanted to to apply a very minimal Loan amount (Prefer RM 5K to RM 6K but wanting RM 10K) and settle it in 1 year time as i dont wish to prolong more and delay in paying interest together as i might have other commitments comming.

I don't have any loan currently nor having a credit card.

Some of my friends said apply for CC and withdraw money from there as the interest is cheaper but from my point of view, CC means your stuck there for good ,locked and no turning back to settle as will be paying only for the interest never ending.

I Just wanted to get a very fast loan approved.

Currently in MNC
Duration : 2 Months


Which PL is secured, less interest, easy and offers payment back system so i can settle in 1 year time with low interest and no hidden hanky panky Conditions.

I can Fork out Maximum RM 500 Monthly on top of my salary.