Hey Sharil,

Have you been trying for quite some time to obtain your loan?
However don't worry as I can help you out here, maybe you can drop me a call at 017-4084804 and we will see what can be done?
Hope to hear from you!

Thanks.

General guidelines when applying for personal loans:

1. Your commitment before you get your personal loan should be less than 70% of your gross salary. (its a rule by BNM)

2. Most banks requires you to have at least 1 year secured or unsecured loan. ( means: credit card, personal loan, car loan, housing loan at least 1 year)

3. Most banks requires minimum salary of 1.5-2k (including fixed allowanace. OT's are not taken into consideration.

4. mostly below 55-65 years old (varies between banks)

5. CCRIS, Your current month payment should not be delayed by 2 months or more. If its 3 months delay, most probably your application will be rejected. The more payment you delay ( months) the less chances you have. Best is 0/1

6. CTOS. IF you're blacklisted by any company, banks. If you've already made settlement. Do get the company to issue you a letter stating that you've already made the payment.

7. Credit card outstanding the lesser the better. Means, your card A + card B + card C + card D, plus together all the limit. If your outstanding is 50% or lesser, it'll help your application a lot.

8. Commitments over income ratio. The lesser your commitment, or the higher your income, the higher is your chances.

9. DO NOT APPLY TO MULTIPLE BANKS at once. If you apply to Bank A, you can try to apply to Bank B also. But try to avoid applying to Bank C. Keep it at a maximum of 2 banks. Unless the result of bank A is already Out. If bank A status is still pending, try to wait for the result before applying to Bank C.

10. Usually banks offer up to 4-5 times your salary. But if your commitment is low, you can try for 6-8 times. Sometimes, it gets approved.

11. Prompt case. Most banks can use credit card, and some uses mortgage to estimate your income. A high credit card limit can be used to reflect a higher income. For example, if your basic is RM2000, but if your credit card limit is RM12000. Your income reflected in prompt is RM4000.

The formula : For most banks ( may varies )
RM5-RM10k : income reflected credit card limit divide by 2.5
RM10k-30k : income reflected credit card limit divide by 3
RM30k and above: income reflected credit card limit divided by 4

If you're a clerk, and your have a RM100k credit card, prompt will not work for you. The credit side will not believe that your income will be RM25k per month, and will call up your HR to verify it.

12. If you have loan restructure (change to term loan, because unable to pay up credit card) your application will be rejected also. If settled, produce a letter from that bank

13. If you're a Gov servent. Please go for koperasi loan. The rate is 4.99% , no proccessing fee. Can go up to RM200k and 20 years tenure. A few banks still offer koperasi loan.

14. Some banks have caps for businessman / self employed. Alliance bank RM50k.

15. Alliance Bank has the lowest Ploan rate now. 8.88% per annum for normal rate, 6.99% cross-sale department ( pre-approved )

16. Sometimes shits happens, believe me, your application might have delays for stupid reasons, but be patient, because I'm sure your sales staff is trying his/her best to help you. (he wants his commision too right? )


Most customers loan are rejected because:
1. commitment more than 70% of income (prompt and actual) - 2nd most common
2. CCRIS (payment not good) - very very common
3. loan restructure


Solutions:
1. CCRIS - try to pay up on time. ( U can retry your application every 3 months, go for banks that dont charge you any processing fee, EG: Alliance Bank )

2. CTOS - Get a letter if you already settled

3. Commitment too high. (slowly settle your credit card outstandings),Or try to extend your credit card limit(to reflect a higher income), then try again.



I'm not an outside agent, but you can PM me for any enquires. I'll try my best to reply each of you when i have time.

hi. Im trying to get a personal loan for RM23-26k. is it possible for a 5 years repayment period? and what will the interest rate be? what conditions do i need to fulfill in order for me to get the loan?

i already tried with hsbc and cimb and got rejected

my salary is 3k++ and with cimb i just apply for 4k, while hsbc 6k(the lowest they can give)

both got rejected... now will try with ocbc

yesterday i went to BNM for my ccris report and my report is good.. all zero amount(no outstanding)

my question is, why i got rejected so badly? my ccris all good

i'm now in the middle of registering my own company, so i need some cash for stater

here is my commitment :

HSBC AMANAH (3k)
UOB (4k)
RHB easy loan(3k)

is there any option where i can lodge a report for this?

i got blacklisted for PTPTN, is this will be the root cause?

If you get blacklisted, it means your name is in the CTOS list. All banks will check your background and if you have a history of defaulting loans, they can argue why should they loan someone money with a bad history record. There's nothing much you can argue because they can say that's your fault for defaulting a loan.

i checked with ctos, my record is fine

This post has been edited by taohannan: Jul 20 2011, 11:31 PM

Hi, i'm working with HSBC...the banker never inform u what is the reason they decline the application? You may try to ask the banker as they can appeal for u...

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Added on July 21, 2011, 2:31 amHi, how much is your income? i think most of the bank offer up to 5 years repayment period...

This post has been edited by adilee: Jul 21 2011, 02:31 AM

Hey Guys,

I am a Personal Banking Officer. If you need any personal loan please kindly contact me @ 012-2072883. I have just helped one of the forummer to get his loan and it is approved.

he said about my company, something about listed company bla2, not so sure also

i working with mnc, obviously they would not Berhad, they will be sdn bhd only

sigh

i just want to know how to resolve this..

Today HLB called me that I have an approved PL with amount of RM6k which I have never apply or giving them any documents before this. Did you guys come across with such a matter?

tat is pre approved loan...u just need to say yes..the money is urs...and u r on debt

hi agents/officers etc,

please pm me what offer u have for personal loan.

i want something with more than 5 years duration.

working in mnc , for more than 6 years.

tks.

currently got a pl from hlb 10k for more than 1 year.go apply for another 5k but get rejected.payment b4 this all on time

any one can advise what is the best pl loan now? RHB is charging 21% , Alliance is 16.5% n HSBC is 18.4%. all thos are effective interest rates.

apply for scb personal loan ord 2 weeks but dun have any news..zz

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Added on July 25, 2011, 2:34 pmbasically scb is lousy, i had this kind of experience with them too.

DONT APPLY SCB PERSONAL LOAN, service sucks.

This post has been edited by biss_man: Jul 25 2011, 02:34 PM

then your loan approved or not?how long u wait

Hi. I wish to apply for PL. Looking at 100k or so.

I am working with two Sdn Bhd companies. Company A pays me RM 25k gross (banked into Maybank) and Company B pays me also RM 25k gross but bank into StanChart.

My commitments:
1. Maybank Credit Card CL RM 80k Outstanding None
2. CIMB Credit Card CL RM 100k Outstanding RM 80k
3. MBF Credit Card CL RM 50k Outstanding RM 40k

Payment has been prompt for all cards. Holding Maybank card since 2008, CIMB since 2007 and MBF since 2010.

Can someone please advise which bank is best for my situation and which one has high possibility of approving my applciation? Thanks.

Wow. Save ur salary for 2-3 months can get 100k already

I have other commitments abroad unfortunately