I need personal loan that base on reducing balance interest... anyone?

Some of my friends said that Bank Rakyat provides the cheapest repayment and is amongst the easiest to obtain. Is it so ?

And how much is the minimum wages to be eligible to obtain such loan ?

its ok if u dont have RHB account.
if the loan is approved, then we'll open a new RHB account for u, instantly. if manager is around, money will be disbursed to ur new account. let's say ur loan approved 5k, u'll get full amount (no processing fee)

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Added on March 30, 2010, 12:47 amdo u hv any credit card? used more than 1 yr? if yes, then u can apply at easy RHB. any inquiry, sms or call me 019-2335144 (Liza)

This post has been edited by fallin: Mar 30 2010, 12:50 AM

I just got rejected by RHB .

Anyone know where to check to see whether I'm blacklisted ?

My annual income is 20k , never done any loan with bank before .

yep! very true..

My monthly income is consider 1.7k but mostly all banks require 2k .

Anybank that can consider ??

sometimes it is difficult to get loan if u had no record at all. bank will be not comfortable to give u loan. which RHB u went? RHB branch or easy RHB?

I went to RHB bank.

Fallin , do I need to be islam to use Xpress Cash Financing-i
by CIMB Islamic Bank ??

rhb require 1.5k income. but amount approved usually 10k and below. anyway, just come at easy rhb. coz u'll know ur approval status instantly. so it's worth trying.

Tried but rejected

Btw , do I need to be islam to use Xpress Cash Financing-i by CIMB Islamic Bank ??

i'm not sure, i'm from rhb.

but.. i dont think so. usually bank won't care as long as u can pay the loan.. any cimb officer to clarify??

This post has been edited by fallin: Mar 30 2010, 01:05 AM

I ask whether I can apply again they say have to wait 1 year :S

There is no such rule to get Islamic financing loan.
Did you ever defaulted any repayment (credit card, hire purchase or any loan)?

actually u can apply after 6 months

Thanks ,

No , so far I didn't do any loans with banks , no credit card (maybank don't want to give me ).

Unless samans or something to do with my motorbike that could cause this .

i dont think saman will affect ur ccris ctos. erm have u ever been a guarantor for any loan?

Nope also , how to check whether I'm blacklisted or not ?

asb loan u can compare between rhb, cimb and maybank. which 1 suit ur financial plan? do u emphasize on short term (5 years) or long term? we can expect that dividend may be increased.. coz bank negara just risen the BLR

In your case, it's most probably because you have not had any records before, thus making them a lil uncomfortable granting you loan.
Usually the bank would see previous repayment, checking the manner in which loan were paid, on time or not, etc.

The logic is this:
If you take up car loan & you defaulted, banks can reposses your car.
If you take up housing loan, banks can sell the house & take back their money.
But since in PL, it is usually without collateral, thus the banks are more cautious if giving out PL.

Damn....like that means I have to apply credit cards and use it for the future when I need housing loans etc ?