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 Website's info is outdated.)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.

im planning for personal loan rm25k.which bank offer the best lowest rate?5-10 repayment.
working in private sect (GLC)