Now help me. I might get the story quite complicated becoz I oso didnt understand it quite well.


Long story shorten :

My loan with BSNC has approved to buy a bike.

The problem is I was told that BSNC only receive payment through Cheque Book which I need to apply from Maybank (bcoz my main account) and is in advanced amount of 12months (or) more.

Monthly repayment is around RM500 so I need a minimum RM500x12pcs of cheques to be submitted to the bike shop.

My question is :

Is it safe to hand out 12pcs of cheques worth RM6000 in 1 shot?


Note : The bike shop told me that BSNC will only (credit/withdraw/cashout) the cheque on same date that I get my bike, monthly. (Example : if I get the bike 24April, so withdrawal only will be made on the 24 each month.




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I am glad if anyone could share their experience or knowledge regarding this. Thank you.

Of course u have to give postdated cheques. U have to write the date beforehand.

Write postdated cheque is ok.they will bank in each mth...

postdated to bank is ok....
just make sure you check it every month to make sure no one forges it...

IMO, far more better if you get loan from the shop itself

This post has been edited by hollyweed: Apr 20 2017, 06:38 PM

What a relief :/

This post has been edited by becauseyuckfou: Apr 20 2017, 06:53 PM

Ohh okay okay. May I know the procedures? Go over the counter is faster kan? On the spot or need to wait to process?

BSNC cheaper interest thats why.

1) PD cheques
2) Payee name pay to BSNC - scared what if you already stated payee's name?

What rate you get? <4% got or not?

Ts faham kan maksud postdated?

1 cheque tulis bulan ini

1 cheque tulis bulan depan.

Then bulan seterusnya.

So 1 bulan depa tunaikan 1 cheque jer.

Lul buy bike can get < 4% ka?

So what rate you get?

If nothing below 4% it's not low liao lor.

I can get 4% but dunno if I should

1) Thank you.

2) Obviously I have no experience regarding this thats why I asked. Inb4 of course scared because if 3x times if (BSNC) try to cashout the money without money in it, I'll get blacklisted.

Don't worry, there are 50 over reasons a cheque can be dishonoured.

As long as your cheques are post dated, your name is safe.

I faham maksud postdated.

But I dont know it before you guys mentioned it

Or in other word, I dont know how it works before you guys mentioned it. Now I know.

AEON is 0.35 p.a. I don't know how to calculate but is it 0.35 x 30days?

So basically I request for 12pcs of cheques from the bank, write down the recepient, different date and submit all 12pcs to bike shop is okay?

0.35 per month la, cannot be p.a.

4% is already p.a. lor... 0.35 x 12 = 4.2%

I think banks only print 50 pcs cheque book. unless banker's cheque