wan to ask.

4.08% for 6 months is this rate consider very attractive?

Personal Loan

Please click above link.. i provided some services of Personal Loan plus other services.. TQ

well, any of ur personal belonging is worth rm1K in market value

u can give me as collaterral ~~

DSLR...

shoot... all islamic concept is like dat?? i took from OCBC with islamic concept thingy (which i dun understand) so meaning i still hav to pay the full amount even i settle it early?

the agent told me i can save interest from the remaining tenure if i can settle it early..

I just called CIMB early settlement Dpt. Thay said if wanna do early settlement within 1 year, they charged 3 months interest (counted). And after that bank will not take any profit from me (only pay the remaining without any profit i think).

but what confusing me is, he said i need to pay RM3608 for early settelment (i loan RM4k for 24 months with 48 % interest).

Very confusing

u can try alradhji.. i got frens working at 1 branch..
but it's depend on ur income.. and if u already have blacklist before it's quite difficult to apply back..

can i apply ? 2.7K/month only

Lol... u got 2.7k/month consider ok jor lor...

Chances are the sales person mis-sold to you.

Loans on Islamic platform are similar in nature to HP loans.

Early settlement is based on the Selling Price (Principal + Upfront Interest) - your repayments so far x Early Settlement Rate.

This is why it is never advisable to early settle in the earlier part of your loan tenure.

If u want - let me know what's your early settlement penalty rate, loan tenure, loan amount and # of payments made so far - and I'll calculate your fee for you.

This post has been edited by Phoeni_142: Jan 15 2009, 10:12 PM

Hmm.. actually i planned to settle early but not now... and i forget the early settlement penalty rate, need to check...

thanx for ur help.. really appreciate that

any government staff can apply for personal loan at ambank.. very easy lor.. i know a person who work as officer over there and could give you a hand if u need help.. theres no guarantor needed and the processing is quite fast..

Hi, have question here, went to a bank to ask for pl and i saw the requirement is salary 2k and above. the problem is my salary was below it in my new job but i have cc with the limit 9.5k. the staff say i can i used cc and ic to apply it up to 23k. since they are not checking my payslip will it be a problem in the future if they ever check my payslip after the loan aprrove?

this is personal loan thread.. i hope u can be serious here.. haha

guys,


FOR ocbc bank personal loan, we have 2 types of personal loan.
1. Flat Rate- 9.5% to 11.5% depending on your loan amount. if you want to settle it earlier, it is advisable after half of ur tenure. let say ur loan agreement is 5years, so u can settle it all after 2 and half years. no penalty impose. if you settle it earlier than that, will kena penalty.

2. Reducing balanced/Montly rest - 1st 30 days no interset, after that 1% per month. consider cheap for those who wants to use the money for short term and able to settle it asap. Businessmans, agents love this product. no penalty impose no matter when you settled the loan.

it is quite confusing if your salesperson didn't inform which type u r buying.

let say if you need further assistance just contact me, Anne - 0193497622.
i am working with OCBC and i assure the strictest confidential of ur info.

Hi, IMO

Your loan MAY be rejected.

1. Using their Income derivation method - Your "derived income" may be more than 2K. However, your actual salary is not.

2. Since u are applying via your credit card, the bank most likely won't check your payslip. However, high chance that a credit verification personnel will call u or your HR dept to confirm your salary. Once they find out that it's less than 2K - chances are that your laon will be declined.

U may want to question your salesperson about this. It will save a lot of time in this process.

If the bank check ur credit profile after they approve ur loan, then I think the loan processing officer is failed in doing his/ her job. If they want, they will check before loan approve but not after approve.

i ask the sales person they say just need to do declaration letter of income only if used credit card to apply, no need payslip. can any1verify do they call up my employer to verify my job since i don't give my payslip. how the heck they know where i work also.

Sigh - There's no free lunch in this world, my friend. In your case, there's no free credit!

Think back to you application forms - I am pretty sure u had to put your employment details. One way or the other, they WILL DEFINITELY get in touch with your HR. It WILL NOT stop at just your declaration letter.

By the way, you can forge a letter. You can't forge a phone call to HR.

Besides personal loan, what type of loans can I take if I were to start a small business?