Hi i recently received a text from Bank Rakyat personel offering overlap loan. Out of curiosity and since ive applied personal loan before this and having other loan commitment ive decided to call them.

So what I was offered, im not quite sure whether its good or not. Thus, here I am, asking experts here for some feedback.

Below are roughly my commitment:

Car: Rm970(6 years more)
Credit card: Am paying average rm800 a month(should be up to 15months or less if i decided to pay extra),
Ptptn Rm33k some more with monthly of rm300(not sure when will end).
personal loan that i unfortunately took during my younger years about rm770 a month with remaining of rm71k(with 9 years remaining)
House, rm1200/ a months

In total i am paying: rm970(car) + rm1200(house) + rm1800(other commitment) about 55 per cent from income.
For first option: The bank offer me rm160k for no reason with extra cash in hand rm40k, after they overlap all my commitment besides car loan.

If i take the overlap loan ive to pay rm1,800 a month for ten years + rm970 for car.

Or second option: Rm125k with rm5k extra cash in hand for Rm1,400 a month also for ten years.

If i take these two options: I have no more commitment on credit card which i have outstanding of about rm12k, ptptn, previous personal loan of rm71k.

Im a big spender i admit, my mistake that i did without thinking during my younger years. I am just 29 this year.

Without the overlap loan, i think i still can pay the commitment fine. But the offer for overlap loan kinda good too.

But i dont know, what will it fo to my credit record. Can i still apply for loan later on if I needed?

I need serious response