Same problem here. From my observation bank will offer credit facility for those who doesn't need it but keep rejecting people who're really in need of that facility.

to all people...

im kenshin lai from alliance bank...
applying ploan, i can say it's hard...
bcos of alot of reason, banks hv to protect themself...try not to risk...
so they hv their own rules...

1st..no over duedate >1mth....
2nd..do not have high commitment, not more than 70%/80%/90% of ur gross salary....

to most of the bank, they want customer to have 1 credit card/ploan record for 1year to have clean payment..1mth still acceptable..but not 2...
few of the bank can accept car/house loan but >1yr too...like my alliance bank^^..

LOAN AMOUNT IS X5 OF UR GROSS INCOME,STANDARD..U CANT EXPECT 2.5K INCOME GETTING 50K...

REGULAR RATE FOR PERSONAL LOAN IS 11-13%...THIS IS FOR PRIVET SECTOR,DONT COMPARE WITH GOV LOAN(BANK RAKYAT,BSN,BANK ISLAM N SO ON)...IT'S SURE LOWER,COS DIRECT DEDUCT B4 UR INCOME GET IN HAND...

HLB is 9.6% cash back from 12%...IF 5 YEARS LOAN, U LATE FOR 1 TIME IN THE EARLY/MIDDLE/LATE....NO MORE CASH BACK..12%!!!!

OCBC 7.X% IS FOR INCOME >15,000...SO IF U R 2.5K INCOME,GET REGULAR RATE 12%...IT'S ON THE OFFICIAL WEBSITE...

CIMB N MAYBANK IS HARD APPROVING PLOAN BANKS..SO I NEVER ADVICE MY CUST TO GO,WASTING TIME...

I CAN SAY LOWEST IS ALLIANCE BANK RECENTLY 8.88%,>100K IS 8.3%..100% PAYOUT EVEN NO STAMP DUTY...

AL-RAHJI IS 8.5% FOR REGULAR CUST,7.99 IS FAKE..IT'S 7.5,8.0,8.5%..7.5 N 8.0 IS FOR PANEL..NEED CHOP AND SIGN..N ALOT PROCESSING FEES...CANT USE IBG TO TRANSFER MONEY ALSO...8.5% monthly is more expensive than 8.88% of alliance bank..

DO NOT BELIEVE AGENCY!!!! EVERYTHING IS UNDER BANK NEGARA CONTROL...NOT LIKE OLD TIMES...THEY JUST KNOW REGULAR BANKER THAT CAN SUBMIT UR CASE, NOT INSIDER, EVEN THEY KNOW,INSIDER CANT DO ANYTHING...APPLICANT HAS TO PASSED THRU ALOT OF PROCESS AND LEVELS...

FOR SMALL BUSINESS MAN, U REALLY NEED A CREDIT CARD,IF NOT, IT'S HARD TO GET A LOAN FOR U,EVEN CANT APPLY FOR BUSINESS LOAN... USING UR BANK STATEMENT, MONTHLY TURNOVER SHLD B MORE THAN 50K ABOVE..IF NOT..HABIS...

ANYTHING,JUST PM ME...THX

This post has been edited by kenshin1: Jul 7 2011, 01:46 AM

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Added on July 7, 2011, 11:45 amsorry for the mistake above.

thanks for the info above.

This post has been edited by biss_man: Jul 7 2011, 11:45 AM

from ur statement i must admit that no wonder more and more malaysian go for pinjaman wang berlesen or ahlong.

- 50k monthly is high for a small company .why u need a loan when u can buy stock mostly at cash terms and pay 3-5 worker with rm50k that u get monthly?
- i actually managed to get rm15k biz loan without a credit card and high monthly turnover before.but nothing much u can do with 15k and the rate are high.mybe im just lucky or the manager throw dice while picking customer application that time .

for me its just their attitude..if they wanna help..they will help.atleast if u can get majority votes to say 'yes' for your application in their meeting..u are good to go.

thanks for ur info.

Agree.


This post has been edited by feralee: Jul 7 2011, 01:41 PM

Hi all,

I applied a PL from SCB, RM30k, repayment for 3 years, interest rate 10.5% pa. Tried to ask to reduce interest rate, but SCB refused. I need to decide to accept or reject the loan by next week...

I just found out, better rate offer by other bank...
1) Bank Islam: 6% pa.
http://www.bankislam.com.my/en/Pages/NonPa...rsonalFinancing

2) Eon Bank: 9% pa. with 1% rebate every year.
http://www.eonbank.com.my/personal_banking...sonalloan.shtml

3) Bank Rakyat: 3.3% pa.
http://www.bankrakyat.com.my/web/guest/120

Any better offer? Please share.

Thanks.

This post has been edited by lowyat2011: Jul 8 2011, 10:30 PM

i applied 10k ploan from eon bank n gt rejected thru sms... the prob is my salary is 2.3k, no credit card and only have my car loan commitment..dunnoe why gt rejected..

Hai Bro,

My loan has been approved for RM19 K from Alliance Bank last Thursday.

bos,not shopping in pasar...bank islam n bank rakyat is for gov or gov link....1%rebate for eon with terms and condition..y dont try our alliance 8.88%pa 100%payout even no stamp duty..fix and flat,no terms and condition to get 8.88%

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Added on July 9, 2011, 10:31 pmbos, ploan for most bank, they wan cm hv 1 year credit card record...u shld knw this b4 applying...
but our alliance bank offer 8.88% who has car/house loan without credit card... but need>1 yr

This post has been edited by kenshin1: Jul 9 2011, 10:31 PM

wat your gross salary?commitment low?

yeah..gonna try to again on alliance and cimb again this monday..my car loan >1 year d..

$ matter, sure need to find out the best deal mah

This post has been edited by lowyat2011: Jul 10 2011, 09:32 PM

let say u holding a cc from bank A.then u apply pl from bankA.it is more easy to get approved since they got your record there

I apply Personal Loan for Bank Islam and Alliance Bank.Both of them got rejected.Maybe because I just work for 7 months..

hye everyone. New here.

Just want to ask, has anyone take PL with HSBC before?
How long they will be process an application?

I apply last two weeks, but seems no response until today, just thinkin of canceling it

any opinions?

hi everybody, just want to ask
i'm a fresh graduate and already been working for more then a month
My monthly payout is RM3200, minus EPF and Socso, more or less +- RM2700.
I oni have ptptn and yayasan pelajaran debt that i already start paying around RM500 permonth.
any chance for me to apply for personal loan?

Based on experience it's only took 3-7days to know the status.

Yes u may. I'm doing personal loan for ppl from bank. You may nid my help in it. Just pm me ur no. And I may proceed yr application

ouch. I have been waiting for two weeks already a.k.a 10 working days.

btw, is anyway to check with them? I use their application at the website, seems i got same answer:

"unable to process your request"

This post has been edited by fhunkyfhinky: Jul 12 2011, 03:30 PM

They have a new system that will link to bank negara to check your background before approve you