Can anyone let me know which bank does not need Full BE form to apply personal loan. I just have page 1 and 2 for it so it is incomplete.

I received call fr oxxc regarding their pl..interest 7.5%..any other bank offer better than this..?

How much hlb offer..?those 3 banks u mntioned favors govt and glc only

hi, all sifu,

i looking for a pl with RM10000
my salary is 3k (after epf)
which bank is better interest rate, because i want clear my cc balance.

can i do  5k loan any bank , to buy camera

how long to wait to get a loan approve and get the money

i have pb credit card somehow my card to small and almost hit limit... but i LF to buy secondhand camera and accessory ..i cant use my card there sure want cash

i just ask if i can get fast cash . not i cant afford it ..if i w8 until end month sure i can buy it..and clear my cc..lol tehek with all replay...

You did notice your previous similar post was gone. It is because we are in finance section and we are meant to talk about sensible and responsible finance. i.e. getting a ploan to settle credit card just for the purpose of buying a camera is not one of them. Unless the obvious is you are a professional photographer whom relied on cameras for livings.

He can pay by committing himself to pay at least the minimum payment or more. Or paying the same amount he is committed to pay for a personal loan. So why does he need a personal loan? To pay off the card so he can immerse himself more in card debts with additional PL debt?

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Added on October 18, 2012, 1:41 pm
It is indeed a personal loan as I believe the bank has no right to collateralize the property towards his additional 30% margin. That also explain why the high interest rate. I believe this must be OCBC.
Why the additional 5k for cards?! Why is everyone thinking of using PL to cover card's debt? Read my explanation few pages back.
If you are committed to pay off the RM5k PL within one year, then use that money to pay down the card. RM5k for renovation I would understand, but for card repayment.... it is always not advisable.

One have to remember PL for short tenure and low amount usually comes with higher interest rate. If big amount or longer tenure, then the interest rate will be lower. That is the nature of PL business.

Give me an example and calculation to convince me.
CC interest rate is 13.5% if one is prompt payment and is on reducing balance. Some banks even gave lower than 13.5% interest.

PL interest rate is how much? Say example the RM5k in 12 months?

CC example by your logic of committing to pay RM458 every month:
1st example using the highest interest rate i.e. 17.5% per annum:

Month Bal interest Payment Interest
1  5,000  17.50% 458 66.24
2  4,608  17.50% 458 60.52
3  4,211  17.50% 458 54.73
4  3,807  17.50% 458 48.85
5  3,398  17.50% 458 42.88
6  2,983  17.50% 458 36.83
7  2,562  17.50% 458 30.68
8  2,135  17.50% 458 24.45
9  1,701  17.50% 458 18.13
10  1,261  17.50% 458 11.71
11  815  17.50% 458 5.21
12  362  17.50% 458 -1.40

You can finish paying by 11th month and total interest is only RM400. Total Payment RM5,400

Using 13.5% per annum:

Month Bal interest Payment Interest
1  5,000  13.50% 458 51.10
2  4,593  13.50% 458 46.52
3  4,182  13.50% 458 41.89
4  3,766  13.50% 458 37.21
5  3,345  13.50% 458 32.48
6  2,919  13.50% 458 27.69
7  2,489  13.50% 458 22.85
8  2,054  13.50% 458 17.95
9  1,614  13.50% 458 13.00
10  1,169  13.50% 458 8.00
11  719  13.50% 458 2.93
12  264  13.50% 458 -2.19

Same thing, finish by 11th month and interest paid is only RM302. Total payment RM5,302

So, your point again?