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 Personal Financial Management V3, It's all about managing your $$$

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lunatique
post Mar 14 2016, 06:04 PM

Taking my sweet time reaching for the top
****
Senior Member
503 posts

Joined: Jan 2011



Seeking enlightenment icon_question.gif icon_question.gif
hi. currently i'm self employed. but due to some family issues,
the company is not registered under my name (my parents), and all my shop operations are run using my personal account (regret this)
although i registered a new ssm but it cannot be used (first, its less than 2 years, 2nd, the shop premises was leased to my parents' company not mine, and the contract expires end of next year, so i have to stick to their company temporarily now).
Technically i have no commitments, since everything is under my parents company's name, car, loans, etc.

so technically as an employee, ,my monthly salary is 3k, having EPF too. Am i eligible to apply for loan?
If yes, how much can i apply for and for how long.
lunatique
post Mar 15 2016, 11:26 AM

Taking my sweet time reaching for the top
****
Senior Member
503 posts

Joined: Jan 2011



QUOTE(Dividend Magic @ Mar 15 2016, 01:57 AM)
Hi, what kind of loan and the loan amount?

In the bank's eyes you're a salaried employee either way. RM3K should be fine. Of course don't expect RM3K to be able to get you a RM1m loan.
*
Thanks for replying. I'm trying to get around 35K for personal loan, if that's not too much.
Is it possible? smile.gif

 

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