follow blr n minus it

the idea not everyone can understand it...

but i got the chart table to compare apple to apple la.....

so in the end if blr down....we gain, if up we might lose a bit....this is reducing balance interest rate....so no matter what is better than conventional.....

the monthly installment would be almost the same with conventional

eg 500 vs 520 , but do bare in mind , if for 7 years, my loan might finish after 6 years n 10 months

now only u tell me after i bought my car one month ago
this plan is good for those who wish to settle earlier, without forking huge sum compared to conventional loan when want to settlement, this plan just pay more per month.

manage to get 2.78 from RHB for myvi 1.5 SE...

i think lowest!

you guys should look at HLB MACH loan, just got mine approved and quite interesting concept for repayment and early setlement ideal for those who take 9 year and plan to settle after 3-5 years. save loads on interest payment

those who wan quotation....feel free to pm me....

i can quote to u...

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Added on December 7, 2012, 9:23 pmby the way this work like saving account....

we will create a special account for u....u need to bank into this account for automatic deduction....

so what happen if u got other saving account n loaded...

feel free to dump in 5k?10k? into it.....u can withdraw it anytime....no charges




for more understanding

http://forum.lowyat.net/topic/2618887

This post has been edited by maru: Dec 7 2012, 10:33 PM

Hi, I'm a degree fresh graduate. I started work from July 2012. Now my basic salary is RM2300 + RM100 (fixed transport allowance).

Is the nett salary include the fixed transport allowance? if YES, then my nett salary is around 2.1k.

I'm planning to buy my first car, cost RM63500 and I'm planning to get RM60k loan. Now, my SA offer me RM3000 discount as promotion.

How high the possibilities for me to get the loan approved? I prefer Maybank as I'm using Maybank cc for 1 month+. no commitment/debt/outstanding for my cc.

wat model is that?

should be based on salary pay slip's final "Nett Pay" / "Nett Salary" and banker look on it only...
there also have some deduction from your fixed transport allowance...

if Rm60k loan, 9 years @ 3% interests, about RM705 per month...
u still get the loan as about 1/3 of ur current nett pay...

FYI, it is perodua Alza auto premium solid white.

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Added on December 18, 2012, 7:32 pmHope that the loan get approved, submitted documents and bank just called me for verification.

Is there anyone knows it will take how long to know the result whether approved or not approved?? I applied for Maybank car loan.

This post has been edited by yvonne9003: Dec 18 2012, 07:32 PM

Should be tomorrow, or the day after tomorrow. Your SA will let you know the result.
and I think u will get ur loan approved.

Thank you for your comment I hope so too Hope tomorrow can know the result.

Btw, the bank required me to provide them 2 references (parents). May I know why? and will my loan application result being affected?

references = guarantor
probably because u work less than 1 year?

if u dun like to involve guarantor, suggest u try to apply with other banks, like public bank or mach hong leong or rhb bank or affin bank
different bank different approval method

This post has been edited by Icehart: Dec 18 2012, 10:57 PM

i guess the banker will check ur family financial background whether have bad debt record thru the CTOS and CRISS system...
example if a company going to deal with other company and registration required, usually they will check the company's directors financial background too whether have "clean" record to ensure safe to deal with... otherwise the company may suffering to collect the outstanding payment due to the directors decision to hold the payment...

Hmm..I prefer not involve guarantor..not sure whether my SA help me submit documents to other banks or not as I told him that I prefer loan from Maybank near to my house

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Added on December 19, 2012, 8:58 amOhhh hope so and do not need to provide any guarantor anyway thank a lot for your comment

Will update you guys soon on the result



This post has been edited by yvonne9003: Dec 19 2012, 07:46 PM

Maybank is still not yet finalized my loan application and duno about the result at this moment. Is it mean my loan are higher risk to get rejected??
As Icehart said, should be know the result by today.

Btw, public bank require a guarantor from me. RHB and Hong Leong still don't have any reply yet, told by my SA.

It's not about their processing side. I think they are waiting for documents (references) from your side. They used to call guarantor in the past but now upgraded their language to call guarantor "references". Sounds more professional eh There are two ways actually:

1. You have to get a guarantor. Ask your mom and dad.
2. You don't have to get a guarantor but you need to pay higher down-payment (lower loan amount).

i also applied loan with maybank..i alredy applied loan with guarantor but they still ask for 2 reference (either friend at work or family will do)..they only want reference phone number to call them for confirmation about where u work etc..

Oh okay. I submitted my documents to apply loan on last Tuesday but till now still don't have any feedback from the bank and my SA yet. Normally how long will it take to approve the loan application?

Maybank for me 2 days.
Public Bank 1 day.
RHB 2 days.

For me lah.

I take loan for 59k. Still waiting for the result from the bank. May I know normally how it take to approve the loan? Submitted documents on last Tuesday

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Added on December 20, 2012, 7:27 pmPublic bank require a guarantor from me. So, today morning I have sent the required documents (guarantor) to my SA.

This post has been edited by yvonne9003: Dec 20 2012, 07:27 PM