how bout that maybank's cash treat? is it the same as personal loan?
I heard that there's a promotion currently.

If I use MBSB I'm under PDRM ??

hai.

asking for a friend. her monthly income is around 2.3k per month. got car loan . no cc.

can she apply loan up to 20k. if so, how long is the tenure and interest and monthly repayment?

if can't what the max loan can she apply?

agent feel free to pm your best rate.

considering for 5 years repayment.

thanks!

guys? any view on personal loan from koperasi? heard interest rate as low as 1.99%?

how to apply?

Koperasi loan usually only applicable for government servant.

Bank Rakyat and Bank Islam is aggressive in giving out loan and you can call them up to check whether your company is under their approve list cause a friend of mine working at havi logistic which is a pte ltd company is eligible to do loan with bank rakyat..... : )
If that doesn't work you can pm me and apply for Al-Rajhi LOL : )
Regards, Hafiz Noor : )

pmt thru biro angkasa

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Added on April 6, 2010, 6:59 pmprivate is do-able but not too sure how much is the pricing is

This post has been edited by iman_210: Apr 6 2010, 06:59 PM

do you guys think it's wise to cover a 11.88% loan with 8.5% loan? loan 10K for 3 years.

both just started 1 month. early settlement penalty just RM200

This post has been edited by loanneeded: Apr 6 2010, 10:27 PM

Nop.

You need to grit your teeth and tighten your belt for 3 years. Digging a hole to cover another hole wont work, physiologically.

Dude, what is your issue?

sorry if i am noob. if i settle early, do i need to pay RM10000 or RM10000 + 3 years interest?
if only 10000, then it should be better to cover it with 8.5%, right?
please, need help.

This post has been edited by loanneeded: Apr 6 2010, 10:33 PM

Usually only RM10000 but remember that there are usually processing fee, penalty for early settlement (usually at 3-5%) and other misc fee that they can impose on you. So you wont be saving money anyway.

they say only RM200 for early settlement!

I don't think that cheap. But if it's true; then it's better to cover with the lower interest for the same amount and tenor you're getting for the 11.88%.
But better make sure of the early settlement amount before committing.

i see. thanks alot. yeah, if it is true, it is better to settle with 8.5%. i will ask to make sure.
hope they did not lie to me.

Am wondering. Is 8.5% from Al-Rajhi?

just another enquiry any experience with regard to koperasi loan?

yes

I'm sorry for just shooting you and not explaining the maths.

Then you need to calculate the fees to apply for the second loan as well.

Processing fee : RM250
Stamp duty (0.5% out of RM10000) : RM50
Takaful (assume RM50) : RM50
Total fees : RM350

Interests for 3 years for first loan : RM10,000 x 11.88% x 3 = RM3564
Interests for 3 years for second loan : RM10,000 x 8.5% x 3 = RM2550
Total savings on interest for 3 years = RM1014

Minus Early penalty fee (assume what you said is true) for first loan = RM200
Minus Second loan's processing fee = RM350

Total savings = RM464
Total savings out of loan amount = 1.55%

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Lets consider the variables :
1) This is assuming your early penalty fee is RM200
2) This is assuming your takaful is RM50
3) This is assuming your bank will give you FULL rebate of interests for the whole 3 years

Is it really worth your 1.55% ?

What I'll do :
1) Find out how much rebate on interests I'll get from the first lender
2) Find out how much is the early penalty fee from the first lender
3) Find out how much is my takaful charge from Al-Rajhi bank

And redo the maths. If it's worth your time and effort then do it. Else just go through it for the next 36 months.

Cheers.

Hey Syd G,
you're really meticulous in your calculation, your working for a financial institute or you just love maths??? LOL : )