i need 15K loan, got basic pay Rm2500..sdn bhd company...

i also need 15k, got basic pay RM2500...NGO company...any recommendation for PL with low interest!!

I m looking for private money lender willing to loan me Rm10k with a monthly interest 5-10% monthly plz contact me at 0129613196 gabby/ rachel

need 20 k, basic 1.9 k.. sdn. bhd. company. please help

I applied for personal loan with CIMB. The loan which had the requirement of RM800 monthly salary. My salary back then was RM1.8k, i applied to take loan for RM4k. Gave all my salary slips and EA form and other supporting docs from my company. In the end I got rejected. Apparently when I went to bank and ask why, they called up the loan department for me to talk to them, she said i got rejected because i dont have a credit card. in the first place when i inquired, no one mention i needed a credit card.

just earlier today, i went to the bank to get the loan application form. i called up the center to inquire again. and told her about my previous rejection. she clearly state and so confident with her answer that i shouldnt be rejected cos i met all the requirements. Now my basic is RM2.5k and im wanting to apply for at least RM6-8k loan.

What are my chances?

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This post has been edited by agyy: Jun 13 2010, 10:36 PM

Another big ah long


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7.76% flat is sure lower than normal PL since it doesnt have processing fee, stamp duty, etc

but if u convert it back to compounding interest is = 13.5% (assume compound monthly)

Not much gain from there.

Sure. Change the same amount to 9.9% flat (Al-Rajhi current rate) and the APR is 18%

Any bank accept application for Malaysian that work in singapore?


Which bank with 7.76%?

This post has been edited by almeizer: May 6 2010, 06:19 PM

if u need more amount of loan..
apply a few bank 1time..
then consider the lowest interest they can offer

at one side, those agent/bank will tell you very good rate here. but when you contact them for more details, they said the rate is 9.9% cos i am not working in a listed company, as it's abc sdn bhd. it's not fair? are they trying to say those worked in small co, are at higher risk to default? not a good paymaster? or higher risk of losing jobs?

Yes. Higher risk for company to lose money / close down, hence for you to lose your job, hence default, hence higher interest rate.

But hey it's a good thing - it will prevent you from loaning more than you need and payback faster.

Hi guys,
Need a quick help.....

Im applying for a personal loan of a few k with interest of 0.83 per month

I need the money well to set up some stuff, but will get a return in about a year, therefore early settlement is an important point for me.

Anyway the T&C's read:

Features and Benefits:



- no income documents
- no collateral
- no guarantor
- no insurance / takaful charges
- preapproved based, with >90% high approval.
- just pay in principal upon early settlement and do not need tied with remaining interest charges
- no early settlement fees after 6 months (just pay in principal when early settlement)
- no processing fees/ no stamp duty charges / no deduction for first repayment (full amount to be bank-in to your personal account)

What I want to know is the sentence.. - just pay in principal upon early settlement and do not need tied with remaining interest charges
So within a year, I want to settle my loan amount, does that mean I pay the remainder of the serviced loan including the interest, or just what I paid so far minus the loan amount.
Please let me know..
Thanks

Agyy, I'm no banker but given a take home pay of abt RM4k a month, my guess is that most personal loans are only able to give you up to RM 15 - 20K. Also factoring in the fact that you're in a private firm, so I would rule Bank Rakyat out.

Just my 2 cents.

It's mean you only have to pay the amount that u loan (principal) upon early settlement, you don't need to pay the interest of the remaining loan tenure.

Assumed :

Loan : 10k
Interest Rate : 10% P.A
Tenure : 3 years

So you have to pay total 13k in 3 years time. If you do early settlement after 1 year, then you only pay 11k. But most bank will have penalty for early settlement like "RM200 or 3% of remaining principal, whichever higher".

thanks... just wanted to confirm whether the loan officer's explanation is the correct understanding

hello all...
i`m interested with what you said as i also facing the same thing...
was thinking of taking 20k personal loan spread to 5 years which may be repaid earlier.
which bank that does not imposed penalty on early settlement? any idea?

Hi Guys,

Recently I hv offered to do post graduate in Canada about few months ago. It's a 1 year Bioinformatics course with another year to work there.One year course , i hv to come up with rm80k ruffly and i gotta pay my first sem tuition fee by next month end at least 8k Canadian dollar (8,000.00 CAD = 25,245.44 MYR).


Thereafter, I hv tried applied study loan in many places.
I have asked for study loan from cimb bank, public bank, oub bank, rhb bank,hong leong / hlb bank, standard chattered/STB, citi bank, bank pertanian/agro and some other foreign banks as well. Unfortunately they were told me that no such loan (previously some banks like cimb and Rhb have provided but they gt freeze such loan since last year ). I have asked from bank rakyat and bank Islam but they were only keen to provide for Under Graduate and not for post graduate (not only that, they were told me even my college was not recognized by their banks, I checked with them & seems like can't get any education institutions from canada which is recognized by them) .

I have seek for PTPTN but they were only sponsoring/loaning for local education. Meanwhile, i hv also tried some other public firms as my alternative and seems like not fruitful to me as most of them are saying that there are many previous batch students also still on the waiting list.

I hv thought of applying personal loan but with my current salary , i am only entitle for about 5 times of my current basic salary which is most to most i can try is RM22, 500. Whereas I need at least rm70k and rest I can try come out my self. I went to try request personal loan from bank Islam, as if im not mistaken they can provide more then the other banks provided if your working company is under their recognized list. Again with some bad lucks, seems like my company not theirs 'Chosen One' it seems .

As my last option, i try refinance my current flat which is belonged to my dad.Now again it was another funny story .
This house we bought it in the year 1981 and now the market value can go up to rm65k i guess (can refinance up to rm58.5k/90%). i tried some how to refinance with am bank / cimb, its not that can't be done, they were told me, it will take 3-4 months ...!!!

I need any pro-est advise to solve my issue. Really appreciated if anyone could help and im willing to pay commission if its reasonable though. I know I can't stepped back as I worked so hard to make this plan at this point.Please someone help me urgently!!! Really appreciated

This post has been edited by silversex: May 14 2010, 05:09 PM