12% is much better than 18% lo...
BSN currently not open to private sector with monthly income <6K
This post has been edited by tryifelsecatch: Jan 4 2010, 11:14 PM
Personal Loan, which banks offer the best deal?
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 Jan 4 2010, 03:16 PM
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474 posts Joined: Mar 2009 
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Jan 4 2010, 03:56 PM
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9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods.
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QUOTE(kokanchai @ Jan 4 2010, 11:10 AM) I dunno wrethe a good place to put here. Pls spend time and go through the topic which we've previously discussed about CC pay down vs Personal loan pay down.i need a serious help and advise i need to borrow PL Or do balance transfer to clear out my CC DEBT (i dunno wrethe is it a good option) CC Debt around Rm8k ,and i wanted to borrow Rm10k i dun have any car loans and commitment so far. my gross salary are Rm2.2k + allowance about 2.6k but the issue is i got my new job just less for 4 month working period (currently around 3 month) but i do have a Credicard for limit :Rm3k since 2006 Any agent can helpme out? thus are they hv any Personal Loan with Low Interest rate? (I wish to repayment by 5 years time with flat or low interest) bcos i seem many bank hv offer me for repayment by 5 years annual interest rate are 12%,it way too high for me.  if you need further information please call me up 0122877853 Nick Wong i am from Puchong/Subang/Sunway Thank you!  At least go through my post: http://forum.lowyat.net/topic/479971?author=b00n |
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Jan 5 2010, 10:31 AM
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Junior Member
122 posts Joined: Jan 2003 From: Permatang Pauh, Pulau Pinang 
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Hi,
from some bank website, they stated that repayment period for PL up to 10-15 years, is it true? If i make PL RM10k...then can i make repayment for 15years? mean about only RM90+/month. can anybody give simple answer to my question? Thank you |
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Jan 5 2010, 12:01 PM
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9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods.
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Don't think PL tenure is that long.
Usually max 5 years I think. |
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Jan 5 2010, 05:28 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(kokanchai @ Jan 4 2010, 11:10 AM) I dunno wrethe a good place to put here. CC Debt Rm8K is still managable..since you dont have any commitments so far with your current salary..i think is enough to pay your CC debt. seek balance transfer with 0% interest for specified period. I believe you can settle the CC debt less or 1 year time. After your cleared your CC debt dont repeat old habit, pay before due date in full, dont use if dont have money in your bank account.i need a serious help and advise i need to borrow PL Or do balance transfer to clear out my CC DEBT (i dunno wrethe is it a good option) CC Debt around Rm8k ,and i wanted to borrow Rm10k i dun have any car loans and commitment so far. my gross salary are Rm2.2k + allowance about 2.6k but the issue is i got my new job just less for 4 month working period (currently around 3 month) but i do have a Credicard for limit :Rm3k since 2006 Any agent can helpme out? thus are they hv any Personal Loan with Low Interest rate? (I wish to repayment by 5 years time with flat or low interest) bcos i seem many bank hv offer me for repayment by 5 years annual interest rate are 12%,it way too high for me. if you need further information please call me up 0122877853 Nick Wong i am from Puchong/Subang/Sunway Thank you! |
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Jan 5 2010, 05:56 PM
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Senior Member
1,006 posts Joined: Mar 2006 From: Proud of Kelantan
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QUOTE(smcg @ Dec 31 2009, 03:04 AM) 5.5%.... unless u r very high income earner....... more than 4.1K is high income earner? is it gross income or net income(after minus epf, house loan, car loan)?for those who earn 2k- 4k.. don't think about it.. if not mistaken, they will only offer 9-12%, and x5 of income for low income earner for those who don't hv payslip feel much more troublesome...... this is the experience fr most of the bank..... |
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Jan 5 2010, 06:03 PM
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Newbie
1 posts Joined: Mar 2009
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working in private sector for 2&1/2years,cmpany not PLC,basic RM1800+allowance = RM2600, i dun want guarantor... just want to know can approve@not...i'm ask al-rajhi,but they don't accept because i dont have any credit history (loan/credit card)..pls anyone help suggest which bank meet my requirement..TQ!
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Jan 5 2010, 07:27 PM
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Senior Member
827 posts Joined: May 2009 From: Hometown - Ipoh
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10k, tenure 3 years, income 4.2k.
Agents, PM me pls ~ |
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Jan 5 2010, 08:06 PM
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Junior Member
171 posts Joined: Oct 2006
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Hi, everyone,
Last year my bf borrowed a personal loan. he has to pay it back in 5 years and the interest is 11% from EON bank. I wanna ask, If he has money right now, can he pay more than what he should every month? is there any penalty charge? Thanks a lot!! |
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Jan 5 2010, 09:29 PM
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9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods.
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QUOTE(accutane @ Jan 5 2010, 08:06 PM) Hi, everyone, There should be early settlement charges as they have to recoup back some of their interest earning which is going to be forfeited if one settles early.Last year my bf borrowed a personal loan. he has to pay it back in 5 years and the interest is 11% from EON bank. I wanna ask, If he has money right now, can he pay more than what he should every month? is there any penalty charge? Thanks a lot!! |
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Jan 6 2010, 12:39 AM
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Senior Member
779 posts Joined: Apr 2008 From: Petaling Jaya 
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if i want Personal Loan RM17k. Bank need a guarantor and collateral or not?
for bank...RM17k loan is quite low only right? |
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Jan 6 2010, 01:28 PM
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Senior Member
4,300 posts Joined: Sep 2006 From: Your girlfriend's bed
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hi a bank offered me personal loan of RM15K for 7.99% for 5 years. using online calculators, the monthly payment should be RM304.15, but the bank says its RM350 per month. There's no fees or other hidden charges, how are PL payments calculated?
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Jan 6 2010, 02:13 PM
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Senior Member
721 posts Joined: Sep 2009
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from my calculation it should be around that amount
Loan amount = 15 000 int@7.99% Payable 60mths 15000 * 7.99% = 1198.5 this is interest u have to pay for 1year 5years int = 1198.58*5 = 5992.5 Total Outstanding amount = 15000 + 5992.5 = 20 992.5 20 992.5/60mths = 349.875 ~ 350 |
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Jan 6 2010, 04:09 PM
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Newbie
1 posts Joined: Jan 2010
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if ur salary 3k and above, u may go to Bank Islam.
They offer 6%-7% for max 7 years tenure. can do max 10x ur salary. P/S - i use to work at that bank before.. |
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Jan 7 2010, 02:02 AM
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Junior Member
331 posts Joined: Jun 2008
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QUOTE(kokanchai @ Jan 4 2010, 11:10 AM) I dunno wrethe a good place to put here. how much u can pay every month??i need a serious help and advise i need to borrow PL Or do balance transfer to clear out my CC DEBT (i dunno wrethe is it a good option) CC Debt around Rm8k ,and i wanted to borrow Rm10k i dun have any car loans and commitment so far. my gross salary are Rm2.2k + allowance about 2.6k but the issue is i got my new job just less for 4 month working period (currently around 3 month) but i do have a Credicard for limit :Rm3k since 2006 Any agent can helpme out? thus are they hv any Personal Loan with Low Interest rate? (I wish to repayment by 5 years time with flat or low interest) bcos i seem many bank hv offer me for repayment by 5 years annual interest rate are 12%,it way too high for me. if you need further information please call me up 0122877853 Nick Wong i am from Puchong/Subang/Sunway Thank you! rm500??? i suggest u go for short term loan or balance transfer.. currently mbf is having a promotion 0% for a yr.. and u may try public also, 2 yrs 5%.. eon 3 yrs 15.99%.. |
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Jan 7 2010, 01:09 PM
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Senior Member
4,300 posts Joined: Sep 2006 From: Your girlfriend's bed
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wow these PL interest are so crazy, its more economical to do a Hongleong essential credit card cash advance - 2% fee, 11% per annum REDUCING interest.
Comparison HL cash advance 11% reducing Amount RM9000 Monthly payment - minimum payment duration 8 years 8 months TOTAL INTEREST - RM1,853.15 Personal Loan Amount RM9000 Interest 8% per annum 2 year duration - monthly 434.925 - total interest - 1440 3 year - monthly 310 - total interest 2160 5 year - monthly 210 - total interest 3600 HLB essential cash advance is truly better. as well as alliance bank balance transfer - also reducing rate. moreoever, the more you add to your monthly payment, the more u save |
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Jan 8 2010, 01:18 PM
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Junior Member
207 posts Joined: May 2006 From: Shah Alam
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what if ur salary is low, meaning below 1.5k is there a plan out there in which allows user to make a personal loan?
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Jan 8 2010, 05:27 PM
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Junior Member
18 posts Joined: May 2008
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I urgently need RM 40K loan..my problem is i had a hire-purchase loan with default payments (old car), but i've already fully settled the loan in 1st week of December 2009, but i'm still not able to get loan. I've tried 2 banks so far and both rejected (OCBC + HL). Monthly income is 5K..reason for loan is for debt consolidation.
Can anyone help me ? Need this loan quite urgently... Pls PM me.. thanks  |
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Jan 8 2010, 10:45 PM
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Junior Member
134 posts Joined: Jan 2007
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been reading this thread for two days now.. digesting slowly.. noob at this..
i intend to take personal loan. currently with glc. permanent. no commitment. here's my noob q. what's the different between koperasi and banks? are the terms the same? why koperasi offers better rates, higher loan amount and longer tenure? thanks for ur help guys.. |
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Jan 9 2010, 12:29 AM
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Junior Member
365 posts Joined: Aug 2009
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QUOTE(syafeerul @ Jan 8 2010, 10:45 PM) been reading this thread for two days now.. digesting slowly.. noob at this.. Coz KOPERASI is onli eligible for GOVR stff onli... so is way cheaper thn bank loan... there usually 5-7% PA...i intend to take personal loan. currently with glc. permanent. no commitment. here's my noob q. what's the different between koperasi and banks? are the terms the same? why koperasi offers better rates, higher loan amount and longer tenure? thanks for ur help guys.. |
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