hi..

Anybody heard or know about the Al Rajhi Bank Balance Transfer Program?
Very interesting.. Anybody have tried or know about it?

Refer to : http://www.alrajhibank.com.my/


This post has been edited by viper76: Feb 25 2009, 05:01 PM

i did RHB 4K.. they approve within 3 days.. but the fund transfer to me only after about 1 week T_T so, total 11 days.. actually, i didn't know the approved until i check my bank account...

received the letter stated the date of approve and repayment amount..

156.33/month for 3 years.. kinda high hor?

Any comments on the personal loan offered by Al Rajhi latest promotion?

7.99% flat rate.

Weekend Banking

Get up to RM20,000 cash in your account – in just 3 hours. Apply for Al Rajhi Personal Financing-i during Al Rajhi Weekend Banking at a rate of 7.99% p.a. to get yourself instant cash.

Benefits of Al Rajhi Personal Financing-i during this promotion

* Cash in your account within 3 hours
* Low fixed profit rate of 7.99%p.a
* Repayment period up to 5 years
* No guarantor required

http://www.alrajhibank.com.my/index.shtml?...f=20_3#news_top

Well - to be fair, the 7.99% flat rate is quite competitive.

The effective interest rate is approx 14%, which is still lower than the Credit card interest rate.

The only catch would be if u want to do an early settlment in the earlier part of the loan tenure - be prepared to pay a hefty penalty.....the penalty is calculated based on the selling price of the loan, not the amount outstanding.

cheers.

Al Rajhi Weekend Banking

apply for personal loan with minimum documentation. only need ic and a credit card for at least one year from any banks. approval in 3 hours. approval pending your credit history (prompt payment). max amount can apply = your credit card's credit limit. (credit limit 10k=max 10k can apply). they wont check your salary. i just call them yesterday. this weekend is the last weekend. 7.99%pa flat

Hi all. I wish to acquire a personal loan from any bank. Can somebody point me to the right bank which provides super fast approval with less income documents. I could provide a pay slip and bills if required. My job hours are just too impossible to get out to request any other documents like EPF or income tax statement. Thanks in advance! Cheers!

This post has been edited by chemnz: Feb 28 2009, 07:11 PM

Went to Al Rajhi yesterday to apply for the loan. I wanted to use my Alrajhi Charge Card for the limit, but funny they don't accept it. Gave another banks credit card which had a lower credit limit. 3 hours gone and no reply from them. Only this morning got SMS from them saying application pending due to unmet requirements. hmmmm, so much for the 3 hour approval.

Hmm, so how is the progress now?

they say to contact the bank on Monday. Hmm now I'm not sure I want to take the loan or not anymore cos I wanted to use the money today

This post has been edited by ibnjam: Mar 1 2009, 09:25 PM

ah..very interesting topic... what about me?

My take home salary this month is 1.7k (starting dis month), 1.5k (last month) and another income around 300 - 500 per month. Been working for 1yr++ and good credit card payer...

i missed out the Al-Rajhi promotion huhu.. think it will extend? i'm want to apply 13k only...

does anyone know?

This post has been edited by yeri: Mar 2 2009, 07:50 AM

al-rajhi used to hv a weird rm250 sort of delivery (sorry, i cant remember the exact term now) charge for all personal loans. and some other fees as well.. unlike citibank who only will minus around rm50 for processing

So you applied for the maximum amount for your personal loan based on your credit card limit?

Ya, applied for the maximum limit. They have RM250 delivery charge, RM10 stamp duty and also some amount for insurance depending on the loan amount.

Approved?
Nice

hahaha not yet tried a few times to call the bank but cannot get tru

they informed me on saturday of the processing cost incurred (RM250+RM10+insurance).

so now how many hours already?

hi. which is the bank efficient to get loan and approve easily in short time. and which one could offer bigger loan with cheaper rate?

try stanchart...
i think got only 3 banks do 24hrs approval
RHB
Stanchart
HongLeong
.....n maybe citibank also....

i'm also scouting around for one right now...will share info when i get updates..

Hong Leong bank takes up to 48 hours for the approval process. It can be shorter and longer, depending on the amount of loan and document submitted.

Today Al-rajhi called me up to inform my application is approved
However it was for 5 years, so I've told them I wanted to take the loan for 2 years only.
Another 2-3 working days for reprocessing.

This post has been edited by ibnjam: Mar 5 2009, 04:27 PM