Personal Loan, which banks offer the best deal?
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 Jun 28 2007, 01:00 PM, updated 19y ago
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#1
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Junior Member
253 posts Joined: May 2007  
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I am trying to get a personal loan, does anyone knows which bank offer the best rates? HSBS offers flat rate ranging from 10-12% depending on the loan, any other banks which offers better rate?
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Jun 28 2007, 01:10 PM
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#2
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1,016 posts Joined: Apr 2006
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QUOTE(IceQTurbo @ Jun 28 2007, 01:00 PM) I am trying to get a personal loan, does anyone knows which bank offer the best rates? HSBS offers flat rate ranging from 10-12% depending on the loan, any other banks which offers better rate? I don't know but you can check with the other banks that offer OCBC, Al-Rahji, Standard Chartered. |
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Jun 28 2007, 01:13 PM
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#3
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253 posts Joined: May 2007
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QUOTE(Lcsx @ Jun 28 2007, 01:10 PM) I don't know but you can check with the other banks that offer OCBC, Al-Rahji, Standard Chartered. Al-Rahji currently very active in giving out loans, but i know nothing about this bank. Dunno got problem or not.. |
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Jun 28 2007, 01:18 PM
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#4
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2,949 posts Joined: Apr 2006
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I took personal loan from bank rakyat. Repayment period of 10 years, interest given is 5.9%. If less than 2 year, I think lowest is 5.6%. The process took about 2 weeks from application to signing agreement.
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Jun 28 2007, 01:43 PM
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#5
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253 posts Joined: May 2007
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QUOTE(funnyTONE @ Jun 28 2007, 01:18 PM) I took personal loan from bank rakyat. Repayment period of 10 years, interest given is 5.9%. If less than 2 year, I think lowest is 5.6%. The process took about 2 weeks from application to signing agreement. I've looked through their website. it seems tat they need a guarantor from the government / private sector. This is indeed a problem for me. anyway, the interest they offered indeed very low if compared to other banks. |
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Jun 28 2007, 01:48 PM
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#6
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246 posts Joined: May 2006 
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QUOTE(IceQTurbo @ Jun 28 2007, 01:43 PM) I've looked through their website. it seems tat they need a guarantor from the government / private sector. This is indeed a problem for me. anyway, the interest they offered indeed very low if compared to other banks. if you talk about lowest payment,YES,it's refer to BANK RAKYAT. but the requirement very burden to us which working at private company.They said, i need to ask HR to do auto deduction from my salary into bank rakyat for every month,which it very complicated to HR to do that. So, i took Al-Rajhi bank,the second lowest after bank rakyat.7 working days.and it's 7.5% only per annum compare to the others bank 12 -14% per annum. |
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Jun 28 2007, 05:50 PM
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#7
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253 posts Joined: May 2007
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QUOTE(nixk @ Jun 28 2007, 01:48 PM) if you talk about lowest payment,YES,it's refer to BANK RAKYAT. but the requirement very burden to us which working at private company. Izit? so is there any special requirement by Al-Rajhi Bank?? is it a flat 7.5 per annum? u got any contact tat i might be able to use?They said, i need to ask HR to do auto deduction from my salary into bank rakyat for every month,which it very complicated to HR to do that. So, i took Al-Rajhi bank,the second lowest after bank rakyat.7 working days.and it's 7.5% only per annum compare to the others bank 12 -14% per annum. |
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Jun 28 2007, 08:39 PM
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#8
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Junior Member
640 posts Joined: Apr 2007 From: X-Mansion, Penang
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Tips for Personal Loan
-------------------------- 1. Check the rates 2. Confirm whether it is Flat Rate / Monthly Rest ( Flat Rates akin Hire-Purchase calculation - charged on loan amount and number of years while monthly rest is calculated based on monthly ) Higher interest charges if based on Flat Rate despite it is 5.7% pa. |
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Jun 28 2007, 10:31 PM
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#9
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Senior Member
903 posts Joined: Jan 2006 
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i need al rajhi contact too
wat is the website and where is the bank |
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Jun 29 2007, 02:05 AM
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Junior Member
264 posts Joined: Mar 2007 From: Kepong, kuala lumpur
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QUOTE(funnyTONE @ Jun 28 2007, 01:18 PM) I took personal loan from bank rakyat. Repayment period of 10 years, interest given is 5.9%. If less than 2 year, I think lowest is 5.6%. The process took about 2 weeks from application to signing agreement. the application need any requirement? like income or anything la |
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Jun 29 2007, 10:04 AM
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Junior Member
115 posts Joined: Mar 2006 From: Kuala Lumpur
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QUOTE(sentro2020 @ Jun 28 2007, 10:31 PM) i need al rajhi contact too U can get lots on information on the internet.wat is the website and where is the bank Heard of GOOGLE? Use it  |
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Jun 29 2007, 10:21 AM
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Junior Member
155 posts Joined: Jan 2007
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Al-rajhi rate is actually 8.5% if they give you answer within 60 min, if they cant give you answer within 60min, then the rate will be 7.5%. Taman Tun have a branch, this weekend is the last day of promotion.
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Jun 29 2007, 10:31 AM
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Senior Member
903 posts Joined: Jan 2006
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heard of google
 but none related to malaysia there |
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Jun 29 2007, 12:23 PM
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Junior Member
115 posts Joined: Mar 2006 From: Kuala Lumpur
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QUOTE(sentro2020 @ Jun 29 2007, 10:31 AM) heard of google but none related to malaysia there ... if you could not find any info on Al Radji here... , probably they dun have any Malaysian website just yet. There's one branch (or HQ i am not so sure) infront to KLCC -next to Public Bank |
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Jun 29 2007, 04:52 PM
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Junior Member
307 posts Joined: Jan 2003
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Jun 29 2007, 05:40 PM
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Senior Member
1,071 posts Joined: Feb 2007 From: Pj,SS2
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anyone can help me on personal loan .... let me know asap ...
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Jun 29 2007, 06:50 PM
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Junior Member
115 posts Joined: Mar 2006 From: Kuala Lumpur
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QUOTE(polyxtroy @ Jun 29 2007, 04:52 PM) There...google always has the answer  |
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Jun 30 2007, 12:17 AM
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Senior Member
4,897 posts Joined: Aug 2005
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QUOTE(Hybrified @ Jun 29 2007, 05:40 PM) anyone can help me on personal loan .... let me know asap ... i got friend working for HSBC loan department application |
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Jun 30 2007, 10:07 AM
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Senior Member
1,071 posts Joined: Feb 2007 From: Pj,SS2
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Jul 1 2007, 12:08 AM
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28 posts Joined: Jun 2007
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QUOTE(Hybrified @ Jun 29 2007, 05:40 PM) anyone can help me on personal loan .... let me know asap ... Hope this is not too late. Take a look at this Malaysia blog www.smartconsumerbanking.com - it has all the rate info, fine prints, pro and cons on personal loan. |
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Jul 1 2007, 01:11 AM
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All Stars
15,192 posts Joined: Oct 2004
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I have one secured investment plan which has 40% yields a year.
I am planning to get loan and then invest on it... Still in profit after the interest |
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Jul 1 2007, 02:49 PM
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4,897 posts Joined: Aug 2005
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QUOTE(Hybrified @ Jun 30 2007, 10:07 AM) any contact she can onli help u to apply can u check with him whether he able to "realy" help me ? if yr basic got rm2k should be no problem |
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Jul 2 2007, 09:50 PM
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Senior Member
903 posts Joined: Jan 2006
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anyone got runner in bank can help kawtim ??
or any ppl from small bank like bank islam or bank rakyat ... i hear easier alot. i wan can kawtim straight de |
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Jul 3 2007, 01:45 AM
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Senior Member
1,285 posts Joined: Mar 2007
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should we hav to fulfil the requirement of personal loan? noob here..like income per month or sth like tat
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Jul 3 2007, 08:31 AM
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246 posts Joined: May 2006
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QUOTE(IceQTurbo @ Jun 28 2007, 05:50 PM) Izit? so is there any special requirement by Al-Rajhi Bank?? is it a flat 7.5 per annum? u got any contact tat i might be able to use? please check :http://alrajhibank.com.my/index.cfm?sc=58&cm=23 |
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Jul 3 2007, 12:43 PM
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Junior Member
253 posts Joined: May 2007
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QUOTE(nixk @ Jul 3 2007, 08:31 AM) i've applied the loan last Sunday. but until now still no news from them. Some more they said we can know the outcome within an hour... but the bright side is, if i really obtain the loan, i'll be charged only 7.5% instead of 8.5%.. |
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Jul 3 2007, 01:03 PM
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Junior Member
110 posts Joined: Apr 2006
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can i take the loan as well? i've a basic of just 1.2k per month
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Jul 3 2007, 03:10 PM
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36 posts Joined: Oct 2005
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QUOTE(IceQTurbo @ Jul 3 2007, 12:43 PM) i've applied the loan last Sunday. but until now still no news from them. Some more they said we can know the outcome within an hour... but the bright side is, if i really obtain the loan, i'll be charged only 7.5% instead of 8.5%.. i also hope to apply for this loan. i just called this bank. they said the interest is 8.5%, but how come u can get 7.5%? another thing is is the repayment on reducing balance basis or fixed amount basis? This post has been edited by arctura: Jul 3 2007, 04:05 PM |
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Jul 3 2007, 05:12 PM
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Senior Member
1,504 posts Joined: Apr 2007 From: Petaling Jaya
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what are you guys planning to do with all these personal loans there?
it sounded like there're free candies handout there.. for those of you who're working.. you might want to scout around your hr guidelines.. some companies do in fact offer short term loan with a low interest rate.. |
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Jul 3 2007, 05:42 PM
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Junior Member
253 posts Joined: May 2007
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QUOTE(arctura @ Jul 3 2007, 03:10 PM) i also hope to apply for this loan. Coz i applied during their promotion period whereby if they cant process my application within an hour, they will offer 7.5% for my loan. Now oredi more than 48 hours, if they do approve my loan, i definately can get the 7.5%.i just called this bank. they said the interest is 8.5%, but how come u can get 7.5%? another thing is is the repayment on reducing balance basis or fixed amount basis? But 8.5% is still consider low if compare to those that charge 12%. The interest charged is fixed and there will be interest rebate if you can settle the loan early. |
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Jul 3 2007, 05:44 PM
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36 posts Joined: Oct 2005
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QUOTE(IceQTurbo @ Jul 3 2007, 05:42 PM) Coz i applied during their promotion period whereby if they cant process my application within an hour, they will offer 7.5% for my loan. Now oredi more than 48 hours, if they do approve my loan, i definately can get the 7.5%. is now still in promotion period? But 8.5% is still consider low if compare to those that charge 12%. The interest charged is fixed and there will be interest rebate if you can settle the loan early. i plan to go the tomorrow morning to apply the loan. |
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Jul 8 2007, 08:11 PM
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4,256 posts Joined: Jan 2005
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Jul 10 2007, 12:12 AM
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh
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You should try asking bank rakyat. I think they are among the bank that offers the lowest percentage of interest in personal loan.
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Jul 10 2007, 02:50 AM
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Senior Member
4,256 posts Joined: Jan 2005
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i try asking bank rakyat b4 but i think they only provide you loan if u are working in their appointed company which are mostly malay. this is the set back. can somebody confirm this?
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Jul 10 2007, 11:36 PM
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Senior Member
698 posts Joined: Jan 2003
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Bank rakyat only for Government workers or appointed company by panel of bank rakyat. not user friendly at alls.
Best interest rate bank as i know. Bank Islam coz they giving out flat rate interest. Stantchart not bad also giving out reduction balance loan at 12% to 16% PA |
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Jul 11 2007, 02:09 AM
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh
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QUOTE(hackwire @ Jul 10 2007, 03:50 AM) i try asking bank rakyat b4 but i think they only provide you loan if u are working in their appointed company which are mostly malay. this is the set back. can somebody confirm this? ops my bad looks like they give more advantage towards ppl working in government sector. I dont think even i can get their personal loan  |
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Jul 11 2007, 02:16 AM
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Senior Member
2,949 posts Joined: Apr 2006
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Well, I guess I cant blame Bank Rakyat for their preferrences.
Hmm, I'm also thinking of getting another loan from another bank. RHB looks good, although its 12% annum....hmm. |
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Jul 11 2007, 09:24 PM
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Senior Member
4,256 posts Joined: Jan 2005
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Why is RHB looks good when its interest rate is 12% pa.
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Jul 12 2007, 10:16 PM
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Senior Member
1,504 posts Joined: Apr 2007 From: Petaling Jaya
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rhb looks good at 12% per annum because it makes you look dumb and unresourceful..
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Jul 12 2007, 10:40 PM
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Senior Member
903 posts Joined: Jan 2006
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no ppl can help on contract staff ar ??
anyone ? |
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Jul 13 2007, 08:17 AM
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Junior Member
253 posts Joined: May 2007
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QUOTE(Reformist @ Jul 12 2007, 10:59 PM) Actually I am just curious. Y u guys take personal loan(PL)? Are PL interest rates lower? Even if it is, what do you guys invest in? It's all depends on individual usage, some use it for renovating their house, some use it in investment, some even use it for their marriage or even buying a house or a car. but i intend to use it to pay off my credit card, it is better to be charged less than 12% flat year per year, than the 18% compounded interest charged by cc company. |
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Jul 13 2007, 10:08 AM
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Junior Member
256 posts Joined: Mar 2006
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QUOTE(hackwire @ Jul 11 2007, 09:24 PM) Why is RHB looks good when its interest rate is 12% pa. Saw an ad in paper rhb is based on reducing balance just like housing loan. While others are fixed interest ie. like car loan. |
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Jul 13 2007, 02:53 PM
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Junior Member
36 posts Joined: Oct 2005
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Jul 13 2007, 03:08 PM
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Newbie
4 posts Joined: Jul 2007
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QUOTE(arctura @ Jul 13 2007, 02:53 PM) is that some type of "AHLONG" or banking institution....?  |
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Jul 13 2007, 03:14 PM
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Junior Member
28 posts Joined: May 2005
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even the contact email is gmail... not a properly registered email... tsk..tsk..dangerous...
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Jul 13 2007, 04:02 PM
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Senior Member
1,071 posts Joined: Feb 2007 From: Pj,SS2
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how much is the interest rate ? n where u get the website
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Jul 13 2007, 04:05 PM
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Senior Member
1,015 posts Joined: Apr 2007
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QUOTE(IceQTurbo @ Jul 13 2007, 08:17 AM) It's all depends on individual usage, some use it for renovating their house, some use it in investment, some even use it for their marriage or even buying a house or a car. now that Affin Bank CCs are charging 9%? maybe a better option...or at least put pressure on banks to lower their interest rates to stay competitive...but i intend to use it to pay off my credit card, it is better to be charged less than 12% flat year per year, than the 18% compounded interest charged by cc company. |
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Jul 15 2007, 10:05 AM
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Senior Member
1,071 posts Joined: Feb 2007 From: Pj,SS2
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got some question here
for personal loan, after bank approve do i need go bank sign any agreement ? i applied via agency that can help ... but he claim after bank call n approve, the money automatic bank in the next week ... no paper anything |
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Jul 15 2007, 10:34 AM
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All Stars
10,912 posts Joined: Feb 2006
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is it OCBC Power Credit = personal loan???
any1 know about it? |
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Jul 19 2007, 05:24 PM
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Junior Member
39 posts Joined: Apr 2007
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seems to me even rhb has a high rate (12%) but the repayments r still lower than most banks bcos of the reducing balance.
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Jul 19 2007, 05:27 PM
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Senior Member
6,788 posts Joined: Jan 2003 From: KL
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QUOTE(vin_ann @ Jul 15 2007, 10:34 AM) is it OCBC Power Credit = personal loan??? similar to HSBC but repayment period is up to 7 years compared to 5 of HSBCany1 know about it? |
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Jul 19 2007, 09:36 PM
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All Stars
10,912 posts Joined: Feb 2006
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QUOTE(lawsh @ Jul 19 2007, 05:27 PM) similar to HSBC but repayment period is up to 7 years compared to 5 of HSBC from wat i know abou Power Credit, they will give you an ATM card.... which u can withdraw money from ATM machine. OCBC ATM = FOC other than OCBC ATM = RM12 per withdrawal. it is charging 1.4% per month.... do ur thinks it better than other personal loan? |
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Jul 24 2007, 11:45 PM
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Senior Member
4,256 posts Joined: Jan 2005
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whats the best and cheapest personal loan at this time? Is UOB and Al radji still the top bank giving lower interest rate?
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Jul 26 2007, 11:47 AM
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Junior Member
307 posts Joined: Dec 2005
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hong leong having promotion on call on phone loan ... is 6 % p.a, the amount is up to 90% of ur credit card limit ..
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Jul 26 2007, 12:06 PM
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Junior Member
13 posts Joined: Jun 2006
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any senior/expert here can help?
if i wan to borrow rm10,000, repayment for 2 years which bank offer the best rate? rhb 474.90 permonth hsbc 517 per month hong leong 516.67 per month seems rhb offer the best? any recomendation? Added on July 26, 2007, 12:07 pm QUOTE(darenohh @ Jul 26 2007, 11:47 AM) hong leong having promotion on call on phone loan ... is 6 % p.a, the amount is up to 90% of ur credit card limit .. where u get da info?i search through hong leong website also cant get this can gimme the link? This post has been edited by Ian_Mok: Jul 26 2007, 12:07 PM |
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Jul 26 2007, 12:59 PM
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Junior Member
307 posts Joined: Dec 2005
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QUOTE(Ian_Mok @ Jul 26 2007, 12:06 PM) any senior/expert here can help? may be u need to call credit card service centre ... because I receive call from hong leong credit card staff ... but i reject the offer ..if i wan to borrow rm10,000, repayment for 2 years which bank offer the best rate? rhb 474.90 permonth hsbc 517 per month hong leong 516.67 per month seems rhb offer the best? any recomendation? Added on July 26, 2007, 12:07 pm where u get da info? i search through hong leong website also cant get this can gimme the link? |
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Jul 27 2007, 08:56 PM
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Senior Member
4,256 posts Joined: Jan 2005
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I just check your comparison and i find that RHB is the best and worth considering but do check other bank like UOB and Al -radji . heard their yearly interest rate is 8.5 % , lowest of all.
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Jul 27 2007, 09:36 PM
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Junior Member
172 posts Joined: Jan 2007 From: Whole MSIA
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Citibank offer 7.6% p.a flat rate, PM me if interested.
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Jul 27 2007, 09:55 PM
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Senior Member
1,071 posts Joined: Feb 2007 From: Pj,SS2
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i need apply but need settle with officer to get confirm approve.
let me know if any guys got connection  |
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Jul 27 2007, 10:54 PM
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Junior Member
267 posts Joined: Jan 2007 From: Selangor
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Jul 27 2007, 11:04 PM
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Junior Member
104 posts Joined: Jan 2007
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I think the lowest interest rate is BSN.
They have merdeka promotion from 1 july to 30 sept 07. check it out. * 5.35% for 2 to 5 years. * 5.75% for 6 to 10 years. http://www.bsn.com.my/1-KempenMerdeka.html |
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Jul 29 2007, 06:03 PM
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Senior Member
4,256 posts Joined: Jan 2005
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QUOTE(wai1460 @ Jul 27 2007, 10:54 PM) thanks for this info, NoW we know Flat Rate is not exactly a Flat Rate.EIR is the exact one. Great Info |
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Jul 29 2007, 08:11 PM
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Junior Member
640 posts Joined: Apr 2007 From: X-Mansion, Penang
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Infos on Public Bank Personal Loan :
Existing PB's Loan Customer @ BFR + 1.0% / 0% pa (daily rest) http://www.pbebank.com/en/en_content/perso...amic/pbpfi.html Government Servant @ 5.7% pa http://www.pbebank.com/en/en_content/perso...lamic/bpfi.html |
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Jul 29 2007, 08:18 PM
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All Stars
11,954 posts Joined: May 2007 
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if the bank fixed rate is 10% p.a on RM 10k loan for 5 yrs
it mean this: 1.interest is calculate base on the loan amount?which is the amount of interest for 1st/2nd/3r/4th/5t years is fixed on RM 1000 p.a.Borrower end up paying RM 15K? am i correct? |
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Jul 29 2007, 09:31 PM
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Junior Member
172 posts Joined: Jan 2007 From: Whole MSIA
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QUOTE(MNet @ Jul 29 2007, 08:18 PM) if the bank fixed rate is 10% p.a on RM 10k loan for 5 yrs Yes ! you r right !it mean this: 1.interest is calculate base on the loan amount?which is the amount of interest for 1st/2nd/3r/4th/5t years is fixed on RM 1000 p.a.Borrower end up paying RM 15K? am i correct? |
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Jul 30 2007, 11:34 PM
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Senior Member
4,256 posts Joined: Jan 2005
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it should be RM 960 pa because its 0.8% per month.
So the total interest rate for 5 years = 960 * 5 years = RM 4800 Processing fee = maybe RM 200 total loss = RM 5000. |
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Aug 14 2007, 05:08 PM
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Junior Member
272 posts Joined: May 2006
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QUOTE(hackwire @ Jul 30 2007, 11:34 PM) it should be RM 960 pa because its 0.8% per month. Well i don't know about you guys. So the total interest rate for 5 years = 960 * 5 years = RM 4800 Processing fee = maybe RM 200 total loss = RM 5000. But i still think RHB rate is the lowest. U may try calculate RM10k for 12% reducing balance rate for 5 years. The total interest is just RM3,346.67 during that 5 years and processing just RM100 But of cos if u early settle the thing then penalty RM100. Anyone if interested i may ask my friend to assist on your application since they are handling this personal loan matter. This post has been edited by pepper_mint2: Aug 15 2007, 12:52 AM |
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Aug 15 2007, 06:14 PM
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Senior Member
752 posts Joined: Dec 2005
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QUOTE(albay @ Jul 27 2007, 11:04 PM) I think the lowest interest rate is BSN. It is applicable for ppl that can pay the loan through salary reduction via Angkasa. So, mostly Gomen employees can apply for the loan. Same as Bank Rakyat.They have merdeka promotion from 1 july to 30 sept 07. check it out. * 5.35% for 2 to 5 years. * 5.75% for 6 to 10 years. http://www.bsn.com.my/1-KempenMerdeka.html |
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Aug 15 2007, 06:45 PM
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Junior Member
272 posts Joined: May 2006
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QUOTE(nocar @ Aug 15 2007, 06:14 PM) It is applicable for ppl that can pay the loan through salary reduction via Angkasa. So, mostly Gomen employees can apply for the loan. Same as Bank Rakyat. usually non gov worker hard to get rite? and i don't know but they said RHB no guarantor needed as long as they think u able to pay the amount then they approve it only. I got a few friends already applied for it and approved as easy as that. But preference up to each individuals of cos. |
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Aug 16 2007, 11:41 AM
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Senior Member
752 posts Joined: Dec 2005
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QUOTE(pepper_mint2 @ Aug 15 2007, 06:45 PM) usually non gov worker hard to get rite? and i don't know but they said RHB no guarantor needed as long as they think u able to pay the amount then they approve it only. I got a few friends already applied for it and approved as easy as that. But preference up to each individuals of cos. Govt employees (err... servants) are considered low risk as no sudden service termination, no VSS stuffs, never heard of salary cut and they hardly change jobs. Easier and low risk to give them with loan with low interest. Correct or not? RHB - i dunno much but i knew their 12% reducing balance thingy.One of the thing to consider is the convenience and cost of paying the monthly installments. Going to the bank to pay instalments incurs cost in terms of fuel, parking, risk of parking summons, MIA from office and loss of opportunity to make more money for businessmen. Online banking sure got rm2 charges as well for inter-bank transactions. So, lower interest rate eg. 0.1% may not be that much savings in the end if the bank is so far away from your location. Do cost benefit analysis first then make your decision. |
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Sep 18 2007, 08:56 AM
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Junior Member
155 posts Joined: Feb 2007
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QUOTE(pepper_mint2 @ Aug 14 2007, 05:08 PM) Well i don't know about you guys. pepper_mint2, is your friend still in RHB doing personal loans? If so can you PM me please?But i still think RHB rate is the lowest. U may try calculate RM10k for 12% reducing balance rate for 5 years. The total interest is just RM3,346.67 during that 5 years and processing just RM100 But of cos if u early settle the thing then penalty RM100. Anyone if interested i may ask my friend to assist on your application since they are handling this personal loan matter. Thanks. |
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Sep 19 2007, 12:22 AM
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Junior Member
179 posts Joined: Jan 2003 From: KL
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Al Rajhi is currently promoting Beraya Bersama PL. Only bring Mykad, credit card. The amount based on credit card limit. 8% per annum. what do u guys think? Is it good? I'm thinking of getting it to get rid of some debts especially credit cards (18% per annum)....
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Sep 19 2007, 06:13 PM
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Newbie
1 posts Joined: Sep 2007
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Hi... newbie here... for those who wants to apply for personal loan to settle credit card debts, u can actually do balance transfer to Hong Leong's credit card as they have an offer of 6.99% per annum. And I heard from a fren working in StanChart that their PL is 8.5% per annum.
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Sep 19 2007, 07:06 PM
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Junior Member
146 posts Joined: Apr 2007
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try using OD facility or refinance way much cheaper than PL
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Sep 20 2007, 10:36 AM
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Junior Member
145 posts Joined: Sep 2007
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Which bank offers personal loan to salary below RM1500?
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Sep 20 2007, 11:21 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Merged topic, as talking the same issue.
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Sep 20 2007, 01:45 PM
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Senior Member
1,997 posts Joined: Jul 2007 From: Kuala Lumpur
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QUOTE(alps_guides @ Sep 20 2007, 10:36 AM) Which bank offers personal loan to salary below RM1500? Don't think about it. With that income range, unless there is a big need, kindly don't go dig your own grave |
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Sep 21 2007, 11:00 AM
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Junior Member
317 posts Joined: Jul 2006
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Hi,
Im just curios is any bank out there will give me personal loan with my curent income/expenses.. I want to take personal loan to settle my cc debts and then cancel my credit card..enuf already wif all pain.. Can anyone here most probably personal loan agent or anyone give any advice? Gross Income : 2400 Net Income(after kwsp) : 2136 Car Loan : 700 Asb Loan : 156 (Im going to terminate this January next year since I need bonus from this) CC Debt : 600 (going to cancel all my credit card once finish payment) so my net salary after all expenses is 680. Im planning to take personal loan and settle my cc debt and paying around 200-400 for personal loan,its better than paying 600 for cc debt. So,is my chance to get personal loan high? Any personal loan agent can help? Please help and thanx! One more thing is those "Peminjam Wang Berlesen",are they Ah Long? Their company name even registered with government. This post has been edited by wuszhtag: Sep 21 2007, 11:55 AM |
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Sep 21 2007, 12:37 PM
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Senior Member
1,488 posts Joined: Oct 2004
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QUOTE(sherrina @ Sep 19 2007, 12:22 AM) Al Rajhi is currently promoting Beraya Bersama PL. Only bring Mykad, credit card. The amount based on credit card limit. 8% per annum. what do u guys think? Is it good? I'm thinking of getting it to get rid of some debts especially credit cards (18% per annum).... I think Al-Rajhi 8% is flat rate, therefore not comparable to 18% of credit card. Go and ask how much the repayment for say 10,000 for 3 years is then we can compare. |
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Oct 3 2007, 02:04 PM
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Junior Member
433 posts Joined: Jan 2003
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I am trying to find a loan of RM10,000 for a short period of about 1 or 2 months only to exercise my company's IPO. Which personal loan do you think its the best in terms of early settlement.
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Oct 4 2007, 10:14 PM
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Junior Member
103 posts Joined: Jan 2003
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now hong leong is offering personal loan... is it da best choice or not?
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Oct 15 2007, 07:16 PM
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Senior Member
1,349 posts Joined: Jan 2005
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HLB dun penalise u if u settle b4 the tenure
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Oct 30 2007, 06:45 PM
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Junior Member
102 posts Joined: Oct 2007
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actually my credit record is very bad.
i have tried apply persona loan from HSBC, RHB, Citibank, AlRajhi, StandardChartered but is get rejected. so is there any bank that can help? |
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Oct 31 2007, 09:28 PM
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Junior Member
90 posts Joined: Oct 2005
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anyone got standchart rate?
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Nov 1 2007, 12:47 PM
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Senior Member
670 posts Joined: Aug 2005
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Recently RHB is doin some personal financing stuff
maybe you can check out the rates there |
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Nov 1 2007, 12:51 PM
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Senior Member
2,287 posts Joined: Jun 2007 From: Anno Domini Time Ultra: 1,000,000 Trans Am Attack!
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QUOTE(arctura_kinetic @ Oct 30 2007, 06:45 PM) actually my credit record is very bad. your monthly income??i have tried apply persona loan from HSBC, RHB, Citibank, AlRajhi, StandardChartered but is get rejected. so is there any bank that can help? Why said your credit score bad?? |
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Nov 3 2007, 06:29 PM
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Junior Member
4 posts Joined: Jul 2007
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QUOTE(feralee @ Jun 30 2007, 12:17 AM) i got friend working for HSBC loan department application if u hv friedn there can u email me at kazuki_tachibana@hotmail.com the number... i wan to apply. thx |
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Nov 4 2007, 03:58 PM
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Junior Member
640 posts Joined: Apr 2007 From: X-Mansion, Penang
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QUOTE(arctura_kinetic @ Oct 30 2007, 06:45 PM) actually my credit record is very bad. If your claims is true.. It seems there is no Banks in Malaysia can extend Personal Loan/Credit Card or any House Loans.i have tried apply persona loan from HSBC, RHB, Citibank, AlRajhi, StandardChartered but is get rejected. so is there any bank that can help? Go to AKPK to help you clear up your records. |
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Nov 22 2007, 12:19 PM
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Junior Member
240 posts Joined: May 2005 From: Penang, Ipoh
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hmm.. HLB called me to offer me Personal Loan but i reject all of them.. d min is RM2000 i think n d rate is around 10%. anyone interested i can give them d contact.
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Nov 22 2007, 10:05 PM
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Junior Member
172 posts Joined: Jan 2007 From: Whole MSIA
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QUOTE(andoril @ Nov 22 2007, 12:19 PM) hmm.. HLB called me to offer me Personal Loan but i reject all of them.. d min is RM2000 i think n d rate is around 10%. anyone interested i can give them d contact. That is loan on phone, a kind of personal loan, but interest could be high. |
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Nov 26 2007, 04:36 PM
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Senior Member
4,325 posts Joined: Jan 2003 From: Putra Heights, Selangor DE
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Is Aeon Credit Service good?
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Nov 27 2007, 12:05 AM
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Senior Member
1,144 posts Joined: Aug 2005 From: Kota Kemuning
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try hongleong.. not bad
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Jan 9 2008, 11:15 PM
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Newbie
3 posts Joined: Jan 2008
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Jan 11 2008, 11:23 AM
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Newbie
1 posts Joined: Jan 2008 From: Malaysia
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I have a very nice package for all government servants even you are being blacklisted in CTOS as this package is specially design for the vast group of people which serve the country faithfully.
You can: - Borrow up to RM100,000.00 without the need of a guarantor. - 0.725% interest rate per month. - 8.7% interest rate per annum. - Payback term up to 10 years. - Enjoy rebates on early payback. - Approval within 5 days. - Payment by salary reduction will only start 3 months after the payback dateline. All you need is to submit the following: - 1 copy of employer certified IC. - 1 copy of employer certified Birth Cert + IC (PDRM only). - 1 copy of latest salary statement + 2 copies of salary statement for previous 3 months, all certified by the employer. - 1 copy of utility bill. This is a valid personal loan program. For more information please PM me. Thx! |
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Jan 11 2008, 11:25 AM
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Senior Member
3,314 posts Joined: Sep 2005 From: Taman Sri Melati, KL
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QUOTE(IceQTurbo @ Jun 28 2007, 01:00 PM) I am trying to get a personal loan, does anyone knows which bank offer the best rates? HSBS offers flat rate ranging from 10-12% depending on the loan, any other banks which offers better rate? BANK RAKYAT, BANK ISLAM, BANK MUAMALAT-----as far as I've concerned, they provide the most flexible and lowest interest rate.... |
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Jan 16 2008, 09:36 PM
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Junior Member
172 posts Joined: Jan 2007 From: Whole MSIA
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Citibank personal loan range from 7.6 - 9.18% flat rate per annum. PM me if you are interested.
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Jan 17 2008, 07:38 AM
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Senior Member
4,587 posts Joined: Jan 2003 From: Golden Meadow
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i am thinking of getting aloan as well ...
i want to clear off my cc debt by getting a personal loan ... got a debt of 2.5k for my cc, so is it wise to get a personal loan or get another card and do a balance transfer? |
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Jan 17 2008, 11:00 AM
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VIP
9,692 posts Joined: Jan 2003 From: Mongrel Isle
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QUOTE(earl-ku @ Jan 17 2008, 07:38 AM) i am thinking of getting aloan as well ... How long would you need to pay back the 2.5k debt? i want to clear off my cc debt by getting a personal loan ... got a debt of 2.5k for my cc, so is it wise to get a personal loan or get another card and do a balance transfer? If you can settle it within 12 months, I'd recommend you CIMB bank's CC. You can get 10 months interest-free balance transfer. Added on January 17, 2008, 11:00 am QUOTE(ColourfulWorld @ Jan 11 2008, 11:23 AM) I have a very nice package for all government servants even you are being blacklisted in CTOS as this package is specially design for the vast group of people which serve the country faithfully. Balance reducing or fixed rate? You can: - Borrow up to RM100,000.00 without the need of a guarantor. - 0.725% interest rate per month. - 8.7% interest rate per annum. - Payback term up to 10 years. - Enjoy rebates on early payback. - Approval within 5 days. - Payment by salary reduction will only start 3 months after the payback dateline. All you need is to submit the following: - 1 copy of employer certified IC. - 1 copy of employer certified Birth Cert + IC (PDRM only). - 1 copy of latest salary statement + 2 copies of salary statement for previous 3 months, all certified by the employer. - 1 copy of utility bill. This is a valid personal loan program. For more information please PM me. Thx! Just for GOVERNMENT servant?  This post has been edited by ALeUNe: Jan 17 2008, 11:00 AM |
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Jan 17 2008, 11:24 AM
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Senior Member
4,587 posts Joined: Jan 2003 From: Golden Meadow
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QUOTE(ALeUNe @ Jan 17 2008, 11:00 AM) How long would you need to pay back the 2.5k debt? i see, so a loan is not the best option for this la ... i have bout 2.4 - 2.5k debt, whereby i am repaying bout 500 every month, some months bout 400If you can settle it within 12 months, I'd recommend you CIMB bank's CC. You can get 10 months interest-free balance transfer. Added on January 17, 2008, 11:00 am Balance reducing or fixed rate? Just for GOVERNMENT servant? now still got 2.4k, but the thing is some months i still use bout 100 - 200 - so i am like notpaying enough ... would like to stop using it for petrol and pay it up with either a loan or a balance transfer ... am usingmaybank cards, how much can i roughly save with the options above ... appreciate the feedback ... |
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Jan 17 2008, 10:21 PM
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Junior Member
172 posts Joined: Jan 2007 From: Whole MSIA
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You may try to get a personal loan to cover your cc debt, can save the interest. Take 2 years repayment and after some period, settle it early.
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Jan 17 2008, 10:45 PM
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Senior Member
1,110 posts Joined: Jul 2006 From: Kay El 
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QUOTE(hanalolu @ Jan 17 2008, 11:21 PM) You may try to get a personal loan to cover your cc debt, can save the interest. Take 2 years repayment and after some period, settle it early. Well...i agree for the suggestion but...make sure u dun use credit card anymore after u paying off..coz ur debt is going to increase like no one business!!! Scary~~~ |
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Feb 15 2008, 08:33 AM
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Senior Member
960 posts Joined: Jan 2003
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anybank can offer 5k personal loan to monthly income 1.5k ??
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Mar 1 2008, 08:49 PM
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Junior Member
50 posts Joined: Jun 2005
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got one question here, can a student get a personal loan ??? like 3k, for emergency use ???
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Mar 1 2008, 09:48 PM
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VIP
8,788 posts Joined: Jan 2003 From: Kuala Lumpur 
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QUOTE(jamesterlua @ Mar 1 2008, 08:49 PM) got one question here, can a student get a personal loan ??? like 3k, for emergency use ??? You need a pay slip and justify your source of income so if you don't have one, I don't think they'll approve it. Perhaps you get a supplementary card from your parents instead? |
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Mar 3 2008, 01:32 PM
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Junior Member
41 posts Joined: May 2005 From: The Land under my wind...
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Need help from the bros out there. I want to get a RM25K loan. Does anybody know any good financial institutions that offer good rates? Any suggestions? PM me if any loan agent want to offer me (except ahlongs la, hahaha).
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Mar 4 2008, 10:23 PM
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Junior Member
40 posts Joined: Nov 2007
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well,im doing this field,the lowest bank offer by bank islam/rakyat but for goverment servant only.
the 2nd bank is RHB bank,offer 1% monthly rate based on reducing balance,mean 6.85% per annum, how much loan u can apply is based on ur salary,there is 3.5X of ur salary. im doing all this balance transfer and persoanl loan with fast approval,if u re interested.kindly PM me to give me ur hp num,i will call back to u for the further information Added on March 4, 2008, 10:25 pmwell,im doing this field,the lowest bank offer by bank islam/rakyat but for goverment servant only. the 2nd bank is RHB bank,offer 1% monthly rate based on reducing balance,mean 6.85% per annum, how much loan u can apply is based on ur salary,there is 3.5X of ur salary. and u can enjoy the first 2 month free for interest, no guarantor is needed im doing all this balance transfer and persoanl loan with fast approval,if u re interested.kindly PM me to give me ur hp num,i will call back to u for the further information This post has been edited by ultramanbabe: Mar 4 2008, 10:25 PM |
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Mar 4 2008, 11:13 PM
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Junior Member
172 posts Joined: Jan 2007 From: Whole MSIA
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You may always refer to this thread for question/queries on personal loan.
http://forum.lowyat.net/topic/500507 |
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May 4 2008, 01:01 PM
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Junior Member
98 posts Joined: Sep 2005
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Want to get a personnel loan of RM5K, can pay back in 5 or 6 months, which bank should i apply from ???
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May 5 2008, 09:48 AM
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Senior Member
767 posts Joined: Feb 2008 From: Beverly Hills
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i've tried CIMB... gosh, the interest rate is higher than credit card
and then city bank offer the same but with slightly lower a bit.... |
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May 5 2008, 10:46 AM
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Junior Member
98 posts Joined: Sep 2005
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the interest rate is 11% or higher ???
Credit Card is lower but is calculate by daily basis....... QUOTE(*devilelle* @ May 5 2008, 09:48 AM) i've tried CIMB... gosh, the interest rate is higher than credit card and then city bank offer the same but with slightly lower a bit.... |
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May 5 2008, 01:44 PM
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Senior Member
767 posts Joined: Feb 2008 From: Beverly Hills
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QUOTE(herokuhebat @ May 5 2008, 10:46 AM) the interest rate is 11% or higher ??? yes, same with CIMB personal loan... its calculate daily basis too..... not worth it and it makes you all in debts Credit Card is lower but is calculate by daily basis....... |
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May 5 2008, 02:46 PM
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Junior Member
96 posts Joined: Apr 2007
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Hi,
Take a look at Bank Negara's Consumer Banking website. They have tables there that make it easier to compare various loans. Regards Trevor Keegan www.taxsaya.com Malaysia's First FREE Multi-Lingual Tax Computation Software |
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May 6 2008, 11:01 AM
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Junior Member
402 posts Joined: Jun 2006 From: Ipoh, Malaysia
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what is the different between flat rate and reducing rate? Which is better??
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May 6 2008, 01:36 PM
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Junior Member
96 posts Joined: Apr 2007
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QUOTE(geniuz @ May 6 2008, 11:01 AM) what is the different between flat rate and reducing rate? Which is better?? Reducing is always better.....it means that you are able to pay off more principle with every payment because your interest is reducing.....it also means that you can pay it back alot faster.Regards Trevor Keegan www.taxsaya.com Malaysia's First FREE Multi-Lingual Tax Software |
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May 6 2008, 02:00 PM
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Senior Member
767 posts Joined: Feb 2008 From: Beverly Hills
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QUOTE(geniuz @ May 6 2008, 11:01 AM) what is the different between flat rate and reducing rate? Which is better?? reducing rate is better cuz your interest get reduce when u paid ne.... or you want the same all the time even until u finish pay off...... reducing rate pay slightly a little less than flat rate |
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May 7 2008, 06:22 PM
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Junior Member
402 posts Joined: Jun 2006 From: Ipoh, Malaysia
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i would like to apply PL from RHB but my PL appllication at Standard Chartered has been approved but i didnt comfirm yet to take or not since RHB rate more interesting.
What is your suggest, do i have to:- FIRST - Cancel at SC and apply new one at RHB (or) SECOND - Just apply at RHB, if approve, then i'll cancel at SC. --> What is my chances to getting loan from RHB IF i didnt cancel my loan at SC? |
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May 12 2008, 12:45 PM
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Senior Member
4,398 posts Joined: Jan 2003
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Holy bull.....
Can employment letter be used instead of payslip? My previous job doesn't provide pay slip and salary where given to me by cash (a short [3 month] contract job where i help my fren organizing an event). Am looking for a new job now and most probably will get it real soon, but need $$$ urgently... sigh... edit : Any RHB banker here? Would like to double/triple confirm that RHB personal loan does not have any stamp duty/processing fee when applying a loan. And RHB Personal does not impose penalty/any charges for early settlement. I went to 3 RHB branches today. 2 told me no processing fee/stamp duty (i.e Borrow 5k get 5k nett) and no penalty or charges for early settlement. Just pay off the remaining balance. i.e if i borrow 5k for the tenure of 5 years (60 months), every month i pay the repayment amount RM111.xx (where i believe the RM100 is principal and RM11 is the interests). And after 6 month (after paying the bank 6 month of repayment) i have the money and decide to settle off the balance, i just need to pay the remaining RM4400. Can anyone from RHB double/triple confirm on this? (oh yeah, 1 of the branch told me i need to pay RM100 for early settlement) Most probably i'll ask my fren to get the personal loan with his name first, and when i am qualified for a loan, i'll apply for 1 myself and settle the loan that my fren took for me This post has been edited by ed0gawa: May 12 2008, 05:54 PM |
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May 13 2008, 01:05 PM
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Junior Member
243 posts Joined: Dec 2005 From: PJ selangor
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ugh i applied for standard chartered for the loan but was denied ... when i ask why they say is P&C .. i cant even know why i got denied ... please help if anyone can help me get a loan of 10-15k pm me ... need urgent cash for personal reasons
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May 13 2008, 03:07 PM
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Junior Member
451 posts Joined: Jan 2006
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RHB Personal loan question:
1.if i already have a PL from standard chartered, can i apply for another PL from RHB? 2.RHB is on: a.reducing balance b.zero fee c.early settlement? any agent here? |
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May 20 2008, 09:59 PM
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Junior Member
196 posts Joined: Jan 2007
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i work as Hong Leong Personal loan..
our rate is 12% per annum (flat rate) maximum up to 250k and minimum to 5k 5 times from ur salary nett pay. minimum requirement is from basic 2k salary and credit card limit 5k and used for 1 year. (either one) repayment period is from 2 years from 5 years *early settlement with no intrest charge and penalty charge. *need to give bank for 3 mths notice at anytime want to settle *intrest is giving rebate doing early settlement *48hr loan process and can consider to taking loan once approve |
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May 20 2008, 10:10 PM
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Senior Member
960 posts Joined: Jan 2003
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RHB no processing fee... early settlement penalty rm100 or xx% which higher
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May 22 2008, 08:56 PM
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Junior Member
69 posts Joined: Jul 2006
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QUOTE(IceBikers @ May 20 2008, 10:10 PM) RHB no processing fee... early settlement penalty rm100 or xx% which higher Wrong ler RHB now no processing fee and no penalty on early settlement and now there have ongoing promotion pay 2 months later and first 2 months INTEREST FREE wor. Anyone keen? may PM me......... |
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May 22 2008, 09:22 PM
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Junior Member
63 posts Joined: Feb 2008 From: Kota Kemuning / Shah Alam / Subang Jaya / KL
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Personal loan I have no idea, I normally pass all my personal loan cases to HSBC bank as they have an ok rate few months back.
Currently banks outsource some easy payment plan for their credit card. Credit card annual interest is 18% and I can convert the amount you owe to term loan say 3years of monthly payment. The interest rate is 6% per year. There's certain condition to it though. |
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May 22 2008, 09:48 PM
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Senior Member
960 posts Joined: Jan 2003
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QUOTE(famous @ May 22 2008, 08:56 PM) Wrong ler RHB now no processing fee and no penalty on early settlement and now there have ongoing promotion pay 2 months later and first 2 months INTEREST FREE wor. no processing is correct..Anyone keen? may PM me......... early settlement.. yes there is.. rm100 pay 2 months later promotion end at 30th April 2008 i applied n got rejected Added on May 22, 2008, 9:50 pm QUOTE(IceBikers @ May 22 2008, 09:48 PM) no processing is correct.. sorry, just checked.. they extended to june 2008early settlement.. yes there is.. rm100 pay 2 months later promotion end at 30th April 2008 i applied n got rejected This post has been edited by IceBikers: May 22 2008, 09:50 PM |
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May 22 2008, 10:35 PM
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Junior Member
69 posts Joined: Jul 2006
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[quote=IceBikers,May 22 2008, 09:48 PM]
no processing is correct.. early settlement.. yes there is.. rm100 pay 2 months later promotion end at 30th April 2008 i applied n got rejected Eh i confirm memang no early settlement wor. That one maybe old brochures? hehe cos my fren confirm that one dah abolish and he said even the Balance transfer also no penalty for early settlement. But for pay 2 months later u have to hold at least 6 months period. If u settle before 6 months then u will have to bear the first 1 months interest. Since earlier on they didn't charge any int but since u tarik diri of cos they have to get back the interest which they initially shud have charge rite? Anyway ya they extended till 30th june for the Pay 2 Months later promotion ya. Anyone keen just pm me since i hardly check in here. Thanks and goodnite to all! |
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May 22 2008, 11:14 PM
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Junior Member
138 posts Joined: May 2008
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I m helping fiancial problem members to reduce their credit card payment. just refinancing ur credit card. PM me if interested. 6% p.a. maximum 3 years. Blacklisted card holder oso can. Can reduce ur payment to credit card up to 80%.
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May 24 2008, 10:50 PM
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Senior Member
975 posts Joined: Feb 2005 From: KL
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How long will RHB take to approve the application????
I know SCB and HL is pretty fast. Anyone is working there??? My friend wanna apply. |
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May 25 2008, 09:10 AM
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Senior Member
960 posts Joined: Jan 2003
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QUOTE(Felice821 @ May 24 2008, 10:50 PM) How long will RHB take to approve the application???? within 2 weeks.. same to UOBI know SCB and HL is pretty fast. Anyone is working there??? My friend wanna apply. anyway if u prefer HL( 12% flat), y not UOB (8.48% flat) |
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May 25 2008, 05:23 PM
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Senior Member
618 posts Joined: Oct 2005 From: Puchong, Selangor
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rhb 2 months no need to pay?
so if i take say... loan 200k from rhb loan for 1 month then payback i just pay 200k? like that ar? |
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May 25 2008, 09:46 PM
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Junior Member
69 posts Joined: Jul 2006
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QUOTE(ttwangsa @ May 25 2008, 05:23 PM) rhb 2 months no need to pay? if ur loan approve under that promotion rite? holding period is 6 months. But if u 2nd month payback all rite? then they charge u the first 2 months interest only.so if i take say... loan 200k from rhb loan for 1 month then payback i just pay 200k? like that ar? Whoever interested to know more just pm me your name and ctc num k? thanks This post has been edited by famous: May 25 2008, 09:47 PM |
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May 25 2008, 10:07 PM
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Senior Member
2,162 posts Joined: Sep 2004
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A question here, is there any bank that need to take until 3 months to approve a loan?
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May 25 2008, 10:30 PM
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Senior Member
960 posts Joined: Jan 2003
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3 months? i dun think so lor... as i know the most is 2 weeks. mayb some officer here can clarify
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May 26 2008, 03:45 PM
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Junior Member
117 posts Joined: Sep 2007
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Just wanna share the significance of reducing interest v flat rate.
Loan Amount = 10,000 Reducing Interest Rate = 6.00% Tenor = 1yr 2yr 3yr 4yr 5yr Monthly = 860.66 443.21 304.22 234.85 193.33 Flat Rate = 3.280% 3.185% 3.173% 3.182% 3.199% Considering RHB is the ONLY one with reducing plan, is there any other better offer out there ? Added on May 26, 2008, 3:46 pmJust wanna share the significance of reducing interest v flat rate. Loan Amount = 10,000 Reducing Interest Rate = 6.00% Tenor = 1yr 2yr 3yr 4yr 5yr Monthly = 860.66 443.21 304.22 234.85 193.33 Flat Rate = 3.280% 3.185% 3.173% 3.182% 3.199% Considering RHB is the ONLY one with reducing plan, is there any other better offer out there ? This post has been edited by Vieri777: May 26 2008, 03:46 PM |
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May 26 2008, 04:36 PM
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Junior Member
69 posts Joined: Jul 2006
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QUOTE(s[H]sIkuA @ May 25 2008, 10:07 PM) A question here, is there any bank that need to take until 3 months to approve a loan? 3 months? don't think so kua? Usually max also 1 month. But usually personal loan is very simple one unless the applicant doc is not complete / unctcble. As sometimes if they have to slash the amount then the HQ have to call CH to confirm if they still want to proceed or not. |
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May 26 2008, 05:15 PM
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Junior Member
425 posts Joined: May 2006
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hello all
my cc debt is more than 6k. please advice me on what to do. take personal loan tu settle all the debt since PL interest rate is less than CC? which bank offer the best interest rate? i can see some said that RHB offer the best one. i'm not a government worker i can afford to settle the PL in 2 years. |
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May 26 2008, 05:19 PM
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Senior Member
618 posts Joined: Oct 2005 From: Puchong, Selangor
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affin bank credit card
0% balance transfer for 12 months but i think once your card is clean... it will find ways to erm.. be not clean again... |
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Jun 7 2008, 01:38 AM
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Senior Member
1,481 posts Joined: Jan 2003 From: Kuala Lumpur 
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Anyone working in bank can help me get a good personal loan? Need around 10k-15k.. If u can help me please feel free to PM me ya..
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Jun 7 2008, 08:23 PM
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Senior Member
2,220 posts Joined: May 2007
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which bank offer lowest interest for personal loan? am interest to get one.
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Jun 8 2008, 12:48 AM
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Junior Member
138 posts Joined: May 2008
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QUOTE(famous @ May 26 2008, 04:36 PM) 3 months? don't think so kua? Usually max also 1 month. But usually personal loan is very simple one unless the applicant doc is not complete / unctcble. As sometimes if they have to slash the amount then the HQ have to call CH to confirm if they still want to proceed or not. It's possible if the documents submitted is not completed. But seldom happen unless customer is in overseas & ask the bank to hold the application & not to reject it due to documentary incomplete. |
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Jun 9 2008, 07:33 AM
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Newbie
3 posts Joined: Mar 2008
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same here ~~ Anyone working in bank can help me get a good personal loan? Need around 10k-15k.. If u can help me please feel free to PM me ya..
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Jun 14 2008, 06:35 PM
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Senior Member
1,612 posts Joined: Mar 2005
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QUOTE(famous @ May 22 2008, 08:56 PM) Wrong ler RHB now no processing fee and no penalty on early settlement and now there have ongoing promotion pay 2 months later and first 2 months INTEREST FREE wor. only applicable during promotion period.. until end of tis june..Anyone keen? may PM me......... |
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Jun 18 2008, 04:19 PM
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Junior Member
139 posts Joined: Mar 2007 From: Haunted Mansion
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hi i need personal loan 10k also anyone can help? salary basic only 1.8k ++ allowance 1.95k..
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Jun 30 2008, 05:12 PM
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Senior Member
4,398 posts Joined: Jan 2003
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QUOTE(stanley881 @ Jun 30 2008, 02:37 PM) Hi, you need personal loan, you may contact me at stanley881@gmail.com apa bank dun need payslip and income statements?I am working with a bank in malaysia. we are offering a personal loan up to rm150k. tenure 1-5 years. Easy documents and fast approval. need help please contact me soon. we no need you payslips or income statements. Thanks I am VERY INTERESTED. Pm me with your BANK name and interests rate. |
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Jul 1 2008, 12:22 AM
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Senior Member
1,741 posts Joined: Mar 2008
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is there any bank that can loan me, but no need my payslip or income statement, but cash deposit to hold by them, but loan me x2 / x3 the amount deposited? lol this may sound ridiculous but I think I heard it from someone else..
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Jul 1 2008, 12:24 AM
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Junior Member
331 posts Joined: Jun 2008
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stanley881,
honestly, i'm quite interested with your bank. what's the documents u need? how much can i loan if i hv 3k per month?? |
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Jul 1 2008, 03:16 PM
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Newbie
2 posts Joined: May 2008
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QUOTE(dzi921 @ Sep 20 2007, 01:45 PM) Don't think about it. With that income range, unless there is a big need, kindly don't go dig your own grave eh, my income is just below 1.5k, i still mampu bayar loan ooo.. how about those with minimum income of 800 (gov servant) also can get loan leh? |
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Jul 1 2008, 03:55 PM
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Newbie
1 posts Joined: Jun 2008
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I need bout 10K - 12K personal loan, but my basic salary is only RM1500..... anyone can help?
Added on July 1, 2008, 3:57 pmI need about 10K - 12K to settle my things, but my basic salary is only RM1500..... any bank can help? This post has been edited by hsienko: Jul 1 2008, 03:57 PM |
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Jul 1 2008, 07:03 PM
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Junior Member
12 posts Joined: Aug 2006
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i need 20k personal loan...
2.4k nett monthly and plan for 60 months repayment... pm me the best offer.... thanks..... |
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Jul 1 2008, 09:07 PM
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Senior Member
4,398 posts Joined: Jan 2003
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QUOTE(joni6754 @ Jul 1 2008, 07:03 PM) i need 20k personal loan... Even if any banks offer up to 7 times ur salary, you also not eligible for 20k loan.2.4k nett monthly and plan for 60 months repayment... pm me the best offer.... thanks..... Ahlong is ur best bet |
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Jul 3 2008, 12:31 AM
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Senior Member
557 posts Joined: Jul 2006 From: PhotoJournalist
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QUOTE(stanley881 @ Jun 30 2008, 02:37 PM) Hi, you need personal loan, you may contact me at stanley881@gmail.com you're ahlong mehh??..hee just kidding.. I am working with a bank in malaysia. we are offering a personal loan up to rm150k. tenure 1-5 years. Easy documents and fast approval. need help please contact me soon. we no need you payslips or income statements. Thanks |
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Jul 6 2008, 01:53 AM
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Junior Member
138 posts Joined: May 2008
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QUOTE(shoduken @ Jul 1 2008, 12:22 AM) is there any bank that can loan me, but no need my payslip or income statement, but cash deposit to hold by them, but loan me x2 / x3 the amount deposited? lol this may sound ridiculous but I think I heard it from someone else.. Yes, any bank can loan u by u pledge a FD to them & getting 2x OD facilities from bank. If u want to get 3x loan from cash tht u pledged, u need to go to commercial bank.Added on July 6, 2008, 2:16 am QUOTE(ed0gawa @ Jul 1 2008, 09:07 PM) Even if any banks offer up to 7 times ur salary, you also not eligible for 20k loan. If he/she would apply few loans at the sametime, then he/she can get the amount tht he/she wants. Not necessary hv to get 7x loan.....Ahlong is ur best bet This post has been edited by vicng: Jul 6 2008, 02:16 AM |
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Jul 6 2008, 10:23 PM
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Junior Member
259 posts Joined: Apr 2006 From: kl
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any ambank agent?
need 10k loan their interest only 7.3p.a just pm me |
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Jul 9 2008, 09:49 PM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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Guys, I have a quick question to ask here. I am thinking of getting a RM5k loan from HLB with their package of 1%/month. Right now I am not working, so obviously I do not have a payslip to produce. Is there any other way besides this? Thank you in advance for the help
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Jul 9 2008, 10:41 PM
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All Stars
23,851 posts Joined: Dec 2006
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QUOTE(Jordy @ Jul 9 2008, 09:49 PM) Guys, I have a quick question to ask here. I am thinking of getting a RM5k loan from HLB with their package of 1%/month. Right now I am not working, so obviously I do not have a payslip to produce. Is there any other way besides this? Thank you in advance for the help Use your credit card to pledge for one. HLB, Alliance and Ambank allow that . Use unit trust consultant as your employment. all the best. This post has been edited by SKY 1809: Jul 9 2008, 10:48 PM |
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Jul 9 2008, 10:47 PM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(SKY 1809 @ Jul 9 2008, 10:41 PM) Use your credit card to pledge for one. Alliance and Ambank allow that . Hehe, I do not have credit card. I hate using "cashless" instruments Use unit trust consultant as your employment. all the best. What about unit trust? Can I use my previous income statement as some sort of payslip? I thought they need a stable employment and stable 3 months payslip to approve the loan? Please advise |
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Jul 9 2008, 10:53 PM
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All Stars
23,851 posts Joined: Dec 2006
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QUOTE(Jordy @ Jul 9 2008, 10:47 PM) Hehe, I do not have credit card. I hate using "cashless" instruments Other than that, some give up to5X of monthly FIXED income, evidence fr current acc.What about unit trust? Can I use my previous income statement as some sort of payslip? I thought they need a stable employment and stable 3 months payslip to approve the loan? Please advise This post has been edited by SKY 1809: Jul 9 2008, 10:56 PM |
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Jul 10 2008, 06:54 PM
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Junior Member
24 posts Joined: Jul 2005
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QUOTE(mr_ashraf @ Jul 6 2008, 10:23 PM) any ambank agent? This 7.3% rate is for Goverment servant only,so far I found the cheaperst is Alliance Bank 10% P.a.need 10k loan their interest only 7.3p.a just pm me |
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Jul 10 2008, 09:42 PM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(SKY 1809 @ Jul 9 2008, 10:53 PM) Other than that, some give up to5X of monthly FIXED income, evidence fr current acc. So, here is some information regarding this (taken from HLB's website):Get our Personal Loan today to enjoy: - Monthly installments as low as RM133.33* - Fast approval within 48 hours** - Flexible repayment tenure of up to 5 years - Minimum income eligibility of only RM24,000 per annum - Easy application – photocopy of I.C. & income statement/ credit card - No guarantor and no collateral *Based on a financing tenure of 5 years for RM5,000. **48 hour loan approval is subject to terms and conditions. Other terms and conditions apply. Eligibility: - Malaysian citizen only - Age between 21 to 60 years old - Earn a minimal annual income of RM24,000 per annum The bold parts are my problem at the moment. I do not have a job, therefore I do not have a fixed annual income of RM24,000. So, how do I go about getting this loan? |
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Jul 11 2008, 04:48 PM
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Junior Member
5 posts Joined: Jul 2008
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QUOTE(IceQTurbo @ Jun 28 2007, 02:00 PM) I am trying to get a personal loan, does anyone knows which bank offer the best rates? HSBS offers flat rate ranging from 10-12% depending on the loan, any other banks which offers better rate? i think i can help u.can u let me know how much u need?my side interest rate is 9%.call me 016 212 5167 |
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Jul 11 2008, 11:35 PM
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Junior Member
138 posts Joined: May 2008
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QUOTE(cckeong @ Jul 10 2008, 06:54 PM) This 7.3% rate is for Goverment servant only,so far I found the cheaperst is Alliance Bank 10% P.a. CitiBank even can get 9.6% p.a. |
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Jul 12 2008, 01:11 AM
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Junior Member
64 posts Joined: Nov 2007
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QUOTE(vicng @ Jul 11 2008, 11:35 PM) CitiBank even can get 9.6% p.a. Hi al rajhi now offer 7.9% interest. The best part is you only need to fill in a simple loan application document and a photocopy of your ic. Yes just that - no need messy docs as payslip income tax etc.Interested please pm me |
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Jul 12 2008, 01:35 AM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(sdin3269 @ Jul 12 2008, 01:11 AM) Hi al rajhi now offer 7.9% interest. The best part is you only need to fill in a simple loan application document and a photocopy of your ic. Yes just that - no need messy docs as payslip income tax etc. I am very interested to know more Interested please pm me Could you please PM me the full terms and conditions on this? Also kindly include the repayment period and monthly repayment thanks. |
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Jul 12 2008, 01:09 PM
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Junior Member
472 posts Joined: Oct 2007 From: Will be in your Heart
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currently monthly income
Basic : Rm1900 Incentive : Rm300 OT : Rm200 Performance : Rm100 This is my breakdown for income.. but currently only working for this new company for 2 months + anyone care to introduce me the best credit card?? |
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Jul 13 2008, 01:31 AM
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Junior Member
138 posts Joined: May 2008
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For those who need Personal Loan, I can help u guys to get the rate below 9% p.a. Promotion only for those who apply in this mth.
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Jul 14 2008, 03:17 PM
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Junior Member
38 posts Joined: Nov 2005 From: Selangor
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QUOTE(vicng @ Jul 13 2008, 01:31 AM) For those who need Personal Loan, I can help u guys to get the rate below 9% p.a. Promotion only for those who apply in this mth. which bank?This post has been edited by fieory: Jul 14 2008, 03:19 PM |
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Jul 14 2008, 04:44 PM
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Junior Member
90 posts Joined: Jul 2008
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QUOTE(vicng @ Jul 13 2008, 02:31 AM) For those who need Personal Loan, I can help u guys to get the rate below 9% p.a. Promotion only for those who apply in this mth. Hi there,Im quite interested of your offer there.Could you please mail me the related info example the requirements of salary,documents etc...thx |
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Jul 14 2008, 11:41 PM
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Senior Member
4,607 posts Joined: Jan 2003 From: Malaysia
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Which loan suitable for me to have 20k for 3months? which offer lowest rate?
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Jul 14 2008, 11:49 PM
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Junior Member
57 posts Joined: Jan 2005
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p.a stand for?
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Jul 15 2008, 12:02 AM
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Junior Member
317 posts Joined: Mar 2007 From: Real Madrid , Spain
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QUOTE(zea @ Jul 14 2008, 11:49 PM) p.a stand for? per annual  |
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Jul 15 2008, 12:16 AM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(ychwang @ Jul 14 2008, 11:41 PM) Which loan suitable for me to have 20k for 3months? which offer lowest rate? Only for 3 months? I am not sure if there is any bank that is offering such a short tenure.If you don't mind, are you getting a loan for business or personal use? QUOTE(yks8845 @ Jul 15 2008, 12:02 AM) per annual Actually, p.a. stands for per annum (annually) |
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Jul 15 2008, 03:02 AM
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All Stars
15,192 posts Joined: Oct 2004
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Get those personal loan that offers for reducing balance method on interest calculation.
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Jul 15 2008, 08:17 AM
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Senior Member
4,607 posts Joined: Jan 2003 From: Malaysia
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QUOTE(Jordy @ Jul 15 2008, 12:16 AM) Only for 3 months? I am not sure if there is any bank that is offering such a short tenure. yup, only need for 3months.If you don't mind, are you getting a loan for business or personal use? Actually, p.a. stands for per annum (annually) for personal use. |
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Jul 16 2008, 12:38 PM
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Junior Member
17 posts Joined: Jun 2008
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If there is blacklisted person who would like to apply Bank Rakyat.. do call me at 012-3626046.... i have some cable there that could help....
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Jul 17 2008, 11:13 PM
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Junior Member
138 posts Joined: May 2008
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QUOTE(ychwang @ Jul 15 2008, 08:17 AM) yup, only need for 3months. u can pledge FD to bank to get the OD. normally ratio fpr FD:OD is 1:2.for personal use. |
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Jul 18 2008, 02:04 PM
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Junior Member
317 posts Joined: Mar 2007 From: Real Madrid , Spain
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QUOTE(vicng @ Jul 17 2008, 11:13 PM) u can pledge FD to bank to get the OD. normally ratio fpr FD:OD is 1:2. How its Work ?  repayment tenure ? interest ? |
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Jul 18 2008, 02:13 PM
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Junior Member
215 posts Joined: May 2008
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QUOTE(vicng @ Jul 11 2008, 11:35 PM) CitiBank even can get 9.6% p.a. alrajhi gives 7,5% |
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Jul 19 2008, 01:05 AM
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Junior Member
5 posts Joined: Jul 2008
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QUOTE(Hybrified @ Jun 29 2007, 06:40 PM) anyone can help me on personal loan .... let me know asap ... pm me n i let u know. |
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Jul 19 2008, 01:35 AM
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Junior Member
138 posts Joined: May 2008
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QUOTE(yks8845 @ Jul 18 2008, 02:04 PM) How its Work ? U just put the FD in a bank & told them u want to pledge for OD. They will hold ur FD certificate & processing is abt 1-2 weeks. No fixed repayment period, as long as u service the interest mthly but u didn't pay the principal is ok. Interest is BLR+1%. repayment tenure ? interest ?  |
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Jul 19 2008, 11:02 AM
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Junior Member
246 posts Joined: Jan 2003 From: Labuan
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I'm in Labuan, applying my personal loan for under RM10k (P&C, not wanna disclose the exact amount). So far Public Bank offer the lowest interest. 4.95%p.a. flat rate if repayment under 3 years and 5.7%p.a. fo repayment from 4-12 years. I'm not sure if it also applies for above RM10k.
The only condition is employer direct deduct my salary and pay the bank. No need guarantor (coz i'm only taking under RM10k loan). I'm not sure if this rate applies for whole Malaysia. But in Labuan that's the rate they offer. I'm waiting for approval soon within next week. |
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Jul 20 2008, 05:55 PM
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Senior Member
960 posts Joined: Jan 2003
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just applied AEON personal financing
service charges - RM50 per 1K stamp duties - RM5 per 1 K if ur loan amount is 2k then the charges would be RM110. |
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Jul 21 2008, 12:05 AM
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Junior Member
172 posts Joined: Jan 2007 From: Whole MSIA
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QUOTE(IceBikers @ Jul 20 2008, 05:55 PM) just applied AEON personal financing Wow ! The service charge damn high ! Say if 10k, rm550 decucted...not worth man !service charges - RM50 per 1K stamp duties - RM5 per 1 K if ur loan amount is 2k then the charges would be RM110. Added on July 21, 2008, 12:07 am QUOTE(donmou @ Jul 19 2008, 11:02 AM) I'm in Labuan, applying my personal loan for under RM10k (P&C, not wanna disclose the exact amount). So far Public Bank offer the lowest interest. 4.95%p.a. flat rate if repayment under 3 years and 5.7%p.a. fo repayment from 4-12 years. I'm not sure if it also applies for above RM10k. Public bank personal loan only open to goverment servant, exclude semi gov and state gov servant.The only condition is employer direct deduct my salary and pay the bank. No need guarantor (coz i'm only taking under RM10k loan). I'm not sure if this rate applies for whole Malaysia. But in Labuan that's the rate they offer. I'm waiting for approval soon within next week. This post has been edited by hanalolu: Jul 21 2008, 12:07 AM |
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Jul 21 2008, 08:41 AM
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Senior Member
960 posts Joined: Jan 2003
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QUOTE(hanalolu @ Jul 21 2008, 12:05 AM) Wow ! The service charge damn high ! Say if 10k, rm550 decucted...not worth man ! no choice.. RHB, UOB rejects my application |
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Jul 21 2008, 11:16 PM
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Junior Member
273 posts Joined: Apr 2007
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Hi,
Are you looking for a personal loan lately? we could help. Dont worry it is legal. If you r still searching the best Personal Loan, y not let us help you pls refer below for the loan plan: - Hassle free application - No collateral or guarantor -Fat interest rate from 8.48% p.a. no BLR - Loan payback time from 24-60months -Maximum credit to RM50,000 - Free optional credit card More enquiry pls email to [SIZE=7][COLOR=red]zoneic@gmail.com(email is the best bcz i might reach my PM limit) I check my mail everyday so i can ensure u a FAST REPLY!!! and leave your name, hp no and the convenient time to call you. there is no harm let us reach you rite? cheers javascript:emoticon(':nod:') smilie |
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Jul 23 2008, 09:27 PM
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Senior Member
960 posts Joined: Jan 2003
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QUOTE(IceBikers @ Jul 21 2008, 08:41 AM) no choice.. RHB, UOB rejects my application i so regretted to apply AEON personal loan.. i was told that they will call me n my office for verification.. i'm fine with this.. but end up the "credit swiss or credit susees" ppl go call my ermergency contact for verification. i'm so pissed |
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Jul 25 2008, 07:53 PM
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Junior Member
166 posts Joined: Mar 2007
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........
edited This post has been edited by Anti-LB: Jul 26 2008, 02:47 PM |
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Jul 27 2008, 04:40 PM
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Junior Member
19 posts Joined: Jan 2003 From: KL-JB
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hi all..
my cousin wanna do some personal loan..basic salary rm1.1k..is it available for him to loan rm25k?which bank can offer it? thanks |
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Jul 27 2008, 05:58 PM
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Senior Member
3,509 posts Joined: May 2008 From: Anywhere in the World
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HSBC PERSONAL FINANCING WHICH IS CALL AS APF-I (AMANAH PERSONAL FINANCING-ISLAMIC)
NO PROCESSING FEE. NO EARLY SETTLEMENT CHARGES SUBJECT TO INFORM BANK 3MONTHS EARLIER OR 3 MONTHS PROFIT IN-LIEW. PROCESSING TIME LINE IS RANGING FROM 8-10 WORKING DAYS. NO GURANTOR. NO COLLATEROL. NO FINANCIAL QUESTION BEING ASKED. SUBJECT TO HSBC BANK'S APPROVAL. FOR SOLE-PROPRIETER (SELF EMPLOYED) - FINANCING UP TO RM5OK - DOCUMENT IS REQUIRED EMPLOYED WORKER - FINANCING UP TO RM100K - DOCUMENTS IS REQUIRED LOWEST FINANCING AMOUNT IS RM6K UP TO RM100K IN THE MULTIPLY OF RM 500, EXP. RM 6000, RM 6500.... SALARY MUST BE AT LEAST RM2K PERMONTH TO BE ELLIGIBLE FOR RM6K FINANCING. TENURE IS FROM 2 YEARS UP TO 5 YEARS FINANCING RATE IS AT 12%-10% PERANNUM DEPENDS ON FINANCING AMOUNT(WALK IN TO BRANCH). FOR LOWER INTEREST RATE AND MORE INFORMATION OR INTERESTED FEEL FREE TO LEAVE ME A MESSAGE. |
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Jul 28 2008, 02:29 PM
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Junior Member
376 posts Joined: Nov 2004 From: Soviet Putrajaya
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QUOTE(mr_ashraf @ Jul 6 2008, 11:23 PM) any ambank agent? i asked ambank 17th floor (jln yap kwan seng)need 10k loan their interest only 7.3p.a just pm me they said only for goverment staff (deducted?) from biro angkasa thingy me work at private company (not PLC) so i call alraji bank, they said max i can loan is 5x time from my current salary current rate is 7.99% p.a they will send all the details to my email This post has been edited by chocobee: Jul 28 2008, 02:30 PM |
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Aug 25 2008, 10:20 PM
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Junior Member
273 posts Joined: Apr 2007
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"I have a money, what do i do with it?"
"Simple, loan it to someone, someone like YOU!!!!" Looking for higher loan amount using special docs instead of those conventional docs like salary slip + EPF statement? Come to us, we could help, please refer to the attractive loan package below: a) Loan Amount : From 5k up to 150k b) Repayment period : 1 - 5 years c) Interest Rate : 8.5 - 12.5% p.a Its starts from 0.71% per month.(effective reducing interest rate is 14.99% onwards) d) Process Period : 8 - 10 days (klang valley area) e) Minimal documents required f) Minimum Gross Basic Salary : RM 2000 (inclusive of allowance) g) No collateral or guarantor * Loan is subjected to a service charge based on the loan amount. Who is eligible for the loan: 1. No ccris blacklist 2. Punctual repayment to bank for the pass 6 -12months. 3. No late or lapse payment to bank for the pass 6-12 months. (late payment for one month is acceptable) 4. Are you ccris active? Do you have any debt with bank?housing, car, credit card all applies. Find the above plan attractive? How often do you get offer a loan with reducing interest rate? Why not let us help you? For those who has a good reputation of repayment to bank punctually and required a higher amount that other bank cant offer based on your payslip, worry no more we could assist you to obtain higher amount and chances of getting approval is higher as well. For estimation of loan amount please provide the followings: a) Life Insurance Premium (Policy must be more than 3 years old) b) Property Value (own by the borrower) c) Credit Card Limit (more than 10k) d) Golfmembership Value e) Business registration & turnover (Did you notice we actually did not ask for payslip and epf statement? Well, if you really does not have the above, then we will resort to your salary for estimation) For those staying outside of klang valley you are welcome to apply, you could mail your application to us. Preferably Email us at zoneic@gmail.com. We will do our best to help. Your worries is our business. You can count on us! Cheers. |
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Sep 3 2008, 09:26 PM
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Junior Member
134 posts Joined: Jan 2007 From: Office
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My collegue want to apply for personal loan amount 15k
Any bank agent here can pm me for loan details? |
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Oct 3 2008, 07:42 PM
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Senior Member
529 posts Joined: Dec 2007 From: +(6016)-2329987
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who else got apply citibank personal loan, it is fast approved within 24hours?
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Oct 4 2008, 02:03 AM
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Junior Member
11 posts Joined: Oct 2008
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Memkingdom , do u mind to give me a call pr send me an sms
i have personal loan , interest rate is lower than citibank and oso approve in 24 hours contact me at : 016-2422198 LOO |
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Oct 7 2008, 11:58 AM
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Junior Member
189 posts Joined: Jan 2003
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interested for personnel loan 5k. interest rate as lower as posible. Anyone have plz pm me.
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Oct 7 2008, 12:09 PM
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VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
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QUOTE(memkingdom @ Oct 3 2008, 07:42 PM) who else got apply citibank personal loan, it is fast approved within 24hours? I did. It was not approved in 24 hours, more like 3 days.I think you can get the 24 hour approval if you're an existing Citibank customer or work in government sector or a listed company. Do allocate around 5 working days for processing. |
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Oct 7 2008, 12:44 PM
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Junior Member
442 posts Joined: Dec 2007
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no offense to hsbc. took their personal loan b4. 3 yrs... seems like take forever to see the amount reduced. pay full after 1 1/2yrs. need 3 mths notice n all. later tried rhb. much better. less hassle. after 6mths settle full. no notice o penalty. rate more competitive compared to hsbc
btw i don't work in any bank |
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Oct 7 2008, 05:24 PM
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Junior Member
167 posts Joined: Mar 2005 From: Cheras, KL
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rhb personal loan is the best... 12%p.a on DAILY REDUCING BALANCE basis, if convert to FLAT, it means 6%p.a... no penalty for early settlement!
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Oct 8 2008, 12:27 AM
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Junior Member
640 posts Joined: Apr 2007 From: X-Mansion, Penang
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QUOTE(hanalolu @ Jul 21 2008, 12:05 AM) Wow ! The service charge damn high ! Say if 10k, rm550 decucted...not worth man ! Public Bank has 2 type of Personal Financing.Added on July 21, 2008, 12:07 am Public bank personal loan only open to goverment servant, exclude semi gov and state gov servant. BAE Personal Financing --- for selected goverment servant, including semi gov and state gov servant eg Penang State/Kedah State/MPSP/MPPP.. etc. BAE PLUS -- for existing Housing Loan / Term Loan / OD Customer. PLUS BAE Personal Financing-i/Plus Cash Line Facility-i offers: Quick cash between RM10,000 to RM150,000. Longer repayment period of 10 years. CLF-i is repayable on demand. Optional Group Takaful coverage. Great savings as no legal fees incurred. Financing Rate a. 7.75% p.a. (BFR + 1.00% p.a.) daily rest for the following customers: • who do not take up Group Takaful Family Plan (GTFP). • where facility is secured by cultivated or vacant land. • where MA is above 100% of CMV for existing facility secured by completed residential and commercial properties. b. 6.75% (BFR/BLR + 0% p.a.) daily rest for the following customers: • who take up Group Takaful Family Plan (GTFP) . • where MA does not exceed 100% of CMV for existing facility secured by completed residential and commercial properties. Source : http://www.pbebank.com/en/en_content/perso...amic/pbpfi.html |
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Oct 8 2008, 04:34 PM
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Newbie
2 posts Joined: Jul 2008
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i already got a car loan and now I need to get a personal loan to settle off my card. salary is 2.3k. anyone can help out?
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Oct 8 2008, 05:13 PM
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Senior Member
1,248 posts Joined: Jul 2005
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i need rm15k personal financing.... prefer 7 years repayment period... NOT through salary deduction.. no guarantor & no collateral needed...
what is the best rate/deal i could get ? my basic is rm2.3k/month & already working for 5 months... |
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Oct 8 2008, 06:05 PM
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VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
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he-sham,
With your salary you're either going to get a loan with high interest rate or not going to get any. Most banks are willing to give up to 4-5x ur salary or 10x if you're a government servant. The economy is going to the longkang so most banks are more prudent in giving out secured loans, even more with unsecured ones. |
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 Oct 8 2008, 11:07 PM
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Junior Member
48 posts Joined: Jun 2008
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So which bank is the best to take a PL now?
Al-Rajhi or RHB? Any recommendation? I want to settle all my CC debt..so crazy now paying monthly! TQ... |
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Oct 9 2008, 01:10 PM
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Junior Member
46 posts Joined: Aug 2007 From: Mlk - KL
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im looking for a personal loan , for -1.5k / 2k only ,
need it urgently. IM a college student i need to pay my tuition fees in this two weeks time. anyone can tell me how? email me : cyin_01@hotmail p/s : I DONT NEED A LOAN that causes me in trouble.etc. illegal |
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Oct 9 2008, 05:39 PM
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Elite
5,824 posts Joined: Jan 2003 From: Damansara Perdana
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Guys, becarefull with licensed money lender, Kinros and the like. Well, they operate the same as Ah Long with ridiculously high interest but only with license.
A friend of mine borrowed RM2k from them, after deducting fees and whatnot, he got RM1.5K only. Actually, this lending amount is only for a period of a month. If he wanted to extend for another month, he will have to pay 25% of interest (RM500) up front. And he will have to settle the remaining on the same month. Say, he does not have enough cash and wanted to extend for another month, another 25% of the loan amount have to be paid up front, and it goes on and on if he drag the payment. He ended up paying RM500 (25% interest) every month without reducing the loan amount. Think twice before you get yourself into these burden even with licensed money lender. Well this is how they make money, can't really blame them. Be extra carefull. Maybe this type of loan is suitable for those who wanted a short-term loan and able to pay back within a month. This post has been edited by c9: Oct 9 2008, 10:18 PM |
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Oct 9 2008, 05:41 PM
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Senior Member
5,713 posts Joined: Jan 2003
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may i know how are u going to pay your loan since u are not working?
u could try asking your parent for the small loan. there is no way bank going to loan u that amount even though it is a small sum. QUOTE(keNix88 @ Oct 9 2008, 01:10 PM) im looking for a personal loan , for -1.5k / 2k only , need it urgently. IM a college student i need to pay my tuition fees in this two weeks time. anyone can tell me how? email me : cyin_01@hotmail p/s : I DONT NEED A LOAN that causes me in trouble.etc. illegal |
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Oct 9 2008, 09:18 PM
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Junior Member
48 posts Joined: Jun 2008
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Is anyone here knows agent or have a contact from Bank Islam?
I want to know about their PL in details. TQ |
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Oct 9 2008, 11:53 PM
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Junior Member
46 posts Joined: Aug 2007 From: Mlk - KL
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QUOTE(MakNok @ Oct 9 2008, 05:41 PM) may i know how are u going to pay your loan since u are not working? my parents will asked me to stop studying well i dont wish to ended that way.u could try asking your parent for the small loan. there is no way bank going to loan u that amount even though it is a small sum. im working some part time jobs, and maybe can cover and repay in every month.... |
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Oct 10 2008, 08:09 AM
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Senior Member
960 posts Joined: Jan 2003
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QUOTE(keNix88 @ Oct 9 2008, 11:53 PM) my parents will asked me to stop studying well i dont wish to ended that way. Hi, bank minimum loan amount is 5k.. so it is not possible somemore you have no income source. well since u r working parttime, perhaps u can seek help from your employer.. 1-2k shud be no problem if ur employer is ok with it. im working some part time jobs, and maybe can cover and repay in every month.... good luck. |
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Oct 10 2008, 08:39 AM
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Senior Member
3,328 posts Joined: Jan 2003 From: Selangor
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I have this question on my mind for a long time already.
I have a 50k FD in bank @3.7% interest. I DON"T PLAN to take that FD out. Will the bank let get a personal loan of 30k with low interest (maybe 5%?) by using my 50k FD as a colleteral/guarentee (抵押） |
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Oct 10 2008, 09:58 AM
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Senior Member
5,713 posts Joined: Jan 2003
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wow!!!
what course u are studying anyway? Good for U,knowledge is the key to one's future! Any nice lowyater waana to loan this nice chap some emergency money to tide him over?? QUOTE(keNix88 @ Oct 9 2008, 11:53 PM) my parents will asked me to stop studying well i dont wish to ended that way. im working some part time jobs, and maybe can cover and repay in every month.... |
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Oct 13 2008, 07:01 PM
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Junior Member
48 posts Joined: Jun 2008
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I just received a called from RHB personal this evening sayinh that they now just offering a PL in flat rate...
 no longer reducing balance.. |
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Oct 13 2008, 08:23 PM
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Junior Member
13 posts Joined: Sep 2008 From: kl,malaysia
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is there any personal loan for RHB?i've checked their website it only shows that the loan are for home financing,asb loan,study loan etc. as for al-rajhi, we need to have their account first rite?
i'm thinking to get RM10k as personal loan and 5 yrs repayment period.i've citibank credit card and good payer. any advice whether i should seek for citibank installment or try other bank? last time i asked CIMB islamic express financing the interest rate pa is 11%.is that high? |
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Oct 13 2008, 10:55 PM
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Elite
5,824 posts Joined: Jan 2003 From: Damansara Perdana
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QUOTE(xclent182 @ Oct 13 2008, 08:23 PM) is there any personal loan for RHB?i've checked their website it only shows that the loan are for home financing,asb loan,study loan etc. as for al-rajhi, we need to have their account first rite? Nope. Once your Al-Rajhi loan is approved, you will then need to open the account with minimum of RM20 deposit. Their interest rate is one of the lowest in the market IMO, 7.99%.i'm thinking to get RM10k as personal loan and 5 yrs repayment period.i've citibank credit card and good payer. any advice whether i should seek for citibank installment or try other bank? last time i asked CIMB islamic express financing the interest rate pa is 11%.is that high? |
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Oct 13 2008, 11:24 PM
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Senior Member
960 posts Joined: Jan 2003
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QUOTE(xclent182 @ Oct 13 2008, 08:23 PM) is there any personal loan for RHB?i've checked their website it only shows that the loan are for home financing,asb loan,study loan etc. as for al-rajhi, we need to have their account first rite? YES, personal loan is not categorized in loan but in credit card. http://www.rhbbank.com.my/personal/cards/index.shtmi'm thinking to get RM10k as personal loan and 5 yrs repayment period.i've citibank credit card and good payer. any advice whether i should seek for citibank installment or try other bank? last time i asked CIMB islamic express financing the interest rate pa is 11%.is that high? |
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 Oct 13 2008, 11:26 PM
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Junior Member
14 posts Joined: May 2007
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QUOTE(IceQTurbo @ Jun 28 2007, 02:00 PM) I am trying to get a personal loan, does anyone knows which bank offer the best rates? HSBS offers flat rate ranging from 10-12% depending on the loan, any other banks which offers better rate? Citibank is doing a good promotion as well, flat rate from 7.61% - 9.18% per annum no extra charges or hidden interest, thus, they are doing a 3 hours approval. if you would like to know more and get the loan to cover your credit card charges as 18% or others bank personal loan .do email me for esquires jasonwoo84@hotmail.com |
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Oct 14 2008, 09:57 PM
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Junior Member
4 posts Joined: Oct 2008
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hi everyone..i am in desperate need of personal loan..cos i want to pay my credit card debt.
cos maybank credit card told me to clear by this saturday,18th oct. is there any bank that can offer me quick loan? my salary is rm1,700 per month.is there any bank that can approve my loan? cos my credit card is bursted. credit limit is rm4k.but i've used to rm5.5k. |
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Oct 17 2008, 03:14 PM
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Newbie
2 posts Joined: Oct 2008
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QUOTE(pherary @ Oct 14 2008, 09:57 PM) hi everyone..i am in desperate need of personal loan..cos i want to pay my credit card debt. hi, m new here.if u want to settle credit card, I can help.its only 6% per annum.cos maybank credit card told me to clear by this saturday,18th oct. is there any bank that can offer me quick loan? my salary is rm1,700 per month.is there any bank that can approve my loan? cos my credit card is bursted. credit limit is rm4k.but i've used to rm5.5k. |
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Oct 17 2008, 03:19 PM
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VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
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QUOTE(c9 @ Oct 13 2008, 10:55 PM) Nope. Once your Al-Rajhi loan is approved, you will then need to open the account with minimum of RM20 deposit. Their interest rate is one of the lowest in the market IMO, 7.99%. They have a 'transportation fee' - RM250I'd go with Citibank. Mine is 7.6% flat, Applied for 9k and got rm8955. Pretty good deal if you ask me. |
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Oct 20 2008, 03:17 PM
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Junior Member
13 posts Joined: Sep 2008 From: kl,malaysia
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does anyone knows why bank want a copy of our credit card.i'm curious to know here. last time i went to get PL from HLB and they make a copy of my credit card. didn't bother to check at that time.suddenly i realized about the 3 number that we have at the back of the credit card.
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Oct 20 2008, 10:23 PM
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Senior Member
2,525 posts Joined: Jan 2003 From: maranello>sentul
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anyone heard of the AMBANK personal loan?
15k, 2year repayment.....(8.8% per anum) + free 32inch LCD..... any advice  .......thanks |
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Oct 20 2008, 10:58 PM
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Junior Member
302 posts Joined: Aug 2006 From: "New Castle" and Nilai New Town
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i want to make loan and my basic is rm1100 plus claim and other about rm300 to rm500.. try to make from CIMB and AEON creadit but fail.. need about RM5000 only for small business.. can anyone help me? no credit or car loan.. anyone?
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Oct 20 2008, 11:47 PM
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Elite
5,824 posts Joined: Jan 2003 From: Damansara Perdana
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QUOTE(xclent182 @ Oct 20 2008, 03:17 PM) does anyone knows why bank want a copy of our credit card.i'm curious to know here. last time i went to get PL from HLB and they make a copy of my credit card. didn't bother to check at that time.suddenly i realized about the 3 number that we have at the back of the credit card. Normally, the bank would want to see/cross check your CCRIS records for at least 6 months. Credit cards and other loan (home or car) would be listed in CCRIS, it shows your payment patent or if you defaulted any of the payment. Banks will most likely to reject your personal loan application if you do not meet the above and other requirements. Anyway, I would crossed the 3-digit CVV with a marker pen whenever it's being photocopied.. Better be safe. This post has been edited by c9: Oct 21 2008, 12:08 AM |
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Oct 21 2008, 08:06 AM
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Senior Member
960 posts Joined: Jan 2003
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so ccris able to show the payment pattern but how about how much we owe the bank? let say..
Credit card A, outstading 2k, minimum payment or more. would the bank able to see all this or just the pattern? |
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Oct 21 2008, 10:38 AM
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VIP
9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods.
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QUOTE(IceBikers @ Oct 21 2008, 08:06 AM) so ccris able to show the payment pattern but how about how much we owe the bank? let say.. Yes. It would show the balance outstanding and line assigned too.Credit card A, outstading 2k, minimum payment or more. would the bank able to see all this or just the pattern? It would also show your last 12 months applications and also in the event you had been served a summons by the banks, it would appear too. |
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Oct 21 2008, 01:21 PM
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Senior Member
2,525 posts Joined: Jan 2003 From: maranello>sentul
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any advice on the latest AMBANK 15k loan/transfer credit...looks interesting
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Nov 5 2008, 11:41 PM
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Junior Member
138 posts Joined: May 2008
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Actually is you use part of your own money to buy the gift. If u can get Balance Transfer plan which is lower rate, said about 5% p.a., then u can save 3.99% p.a. (RM598.50), in 2 years u can save 7.98% (RM1197). If the LCD TV cost RM2000, then u already paid more than 1/2 price of it in up-front. Besides, AmBank is buying the LCD TV in bulk, then they can get it in very low price, maybe RM1500 per unit.
So actually customer is almost paying for the whole LCD TV by getting charged 8.99% p.a. for Balance Transfer. |
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Nov 6 2008, 11:23 AM
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Senior Member
2,800 posts Joined: Jan 2003 From: KL / SGOR
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How much can I get for personal loan?
Basic – 2k And another situation if I have 6k debt for credit card coz planning to purchase using credit card flexi pay? How much would I get? |
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Nov 6 2008, 12:51 PM
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Senior Member
1,613 posts Joined: Feb 2008 From: Sg Long/Serdang
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hi noob here, i am also interest to get personal loan. Hai want to clear my creadit card which i overspend last few month (abt 6 to 8k i also no idea where i spend, suk)
My salary is 1.8k per month w/o OT elaun. Just ask maybank and there say there close the personal for private sector temporary. any recommend bank? or any 1 here doing such job can call me? |
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 Nov 14 2008, 12:11 PM
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Junior Member
10 posts Joined: Aug 2007
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vicng,
Interested to get personal loan but only wanted to repay either 1 or maximum 2 yrs. Loan amount : RM10k - RM15k any free gift? how is d interest charges? any upfront charges? basic salary RM4.3k only pcb,epf & socso deduction d only commitment in CCRiS is d join HL with parents thx |
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Nov 15 2008, 09:12 AM
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Senior Member
1,217 posts Joined: Jan 2006 From: Kuching<-->KL/PJ
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Want to settle your card outstanding balance? Want to start a business but not enough cash? Need some fast cash for personal usage? No worries, read on to find out how I can help you out.
- 24 hours approval - No processing charges - No guarantor/collateral - Maximum financing up to 5x salary or 150K - Flexible tenure from 1-5 years - Simple documentation - No question asked on the purpose of the loan from the Bank - Interest rate as low as 0.71% per month For application, the basic requirement is to have at least one year bureau record with any bank in Malaysia. Meaning that if you have use any credit card, car loan, housing loan for the past one year, and over the age of 21, you're eligible to apply for the personal loan. Documentation wise, you can provide either of the following documents for application: - Payslip + EPF statement/bank statement - B/BE form + official LHDN receipt - Credit card limit - Housing loan approved amount - Insurance policy For more info, feel free to PM me your contact details, and I'll be glad to call you on the next working day. Regards, Teh (Standard Chartered Bank Personal Financial Executive) |
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Nov 22 2008, 02:40 AM
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Junior Member
14 posts Joined: Oct 2008
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Hi everyone,
1) Which banks offer lower interest rate for RM5k? 2) Do not need a guranter for RM5k and below? 3) How long will it take for me to get the cash? Thank you. |
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Nov 22 2008, 02:57 AM
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Junior Member
337 posts Joined: Apr 2008 From: Taman Melati
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i think Bank Islam..
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Dec 19 2008, 01:23 PM
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Junior Member
8 posts Joined: Nov 2008 From: Kuala Lumpur
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QUOTE(bai1101 @ Nov 6 2008, 12:51 PM) hi noob here, i am also interest to get personal loan. Hai want to clear my creadit card which i overspend last few month (abt 6 to 8k i also no idea where i spend, suk) you can apply the personal loan in EON bank.But your income must have min RM2000.oR you can use ur other bank credit card(credit limit must more than 5k) to applt it.If you have interest,u can contact me.My salary is 1.8k per month w/o OT elaun. Just ask maybank and there say there close the personal for private sector temporary. any recommend bank? or any 1 here doing such job can call me? |
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Dec 27 2008, 11:54 PM
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Junior Member
48 posts Joined: Jun 2008
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what is the best bank to get a personal loan in term of fast processing and better rate?
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Dec 29 2008, 12:56 AM
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Junior Member
115 posts Joined: Dec 2008
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QUOTE(piras_tarabas @ Dec 27 2008, 11:54 PM) what is the best bank to get a personal loan in term of fast processing and better rate? depends on your tenure and loan amount; few banks are offering unsecured loans. I took out 6k from eonbank (4.99 p.a) payable in 12 instalments and i got the money in 2 working days.. |
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Dec 29 2008, 05:07 AM
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Junior Member
481 posts Joined: Jun 2006
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2 working days huh.. the requirement please? need to meet our BOSS to get their signature meh?
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Dec 29 2008, 02:36 PM
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Senior Member
1,766 posts Joined: May 2005 From: rite here in this forum!
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citibank approval in 3 hours and get money in 3 days or earlier i think.
my approval is as it says, now awaiting the money to release hehehe |
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Dec 29 2008, 03:18 PM
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Junior Member
48 posts Joined: Jun 2008
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4.99 mer? quit interesting about the rate.
citibank what is the interest rate? how about al-rajhi? i plan to take 15k at 5-6 years. |
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Dec 30 2008, 06:46 PM
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Junior Member
116 posts Joined: Sep 2006 From: Sri D'sara
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QUOTE(art806 @ Dec 29 2008, 12:56 AM) depends on your tenure and loan amount; few banks are offering unsecured loans. I took out 6k from eonbank (4.99 p.a) payable in 12 instalments and i got the money in 2 working days.. wah, 4.99% p.a?? can you give me the contact number? i am interested to get RM40k, i wan to buy a singapore registered superbike lah |
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Dec 30 2008, 06:50 PM
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Junior Member
472 posts Joined: Oct 2007 From: Will be in your Heart
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i would like to know it too
art806, can provide more informatioN? |
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Jan 2 2009, 12:17 PM
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Junior Member
4 posts Joined: Oct 2006 From: Bukit Jelutong, Shah Alam
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hi,
need advice.. i want to apply for RM5000 loan, need approval asap. no Ah-Long.. strictly bank.. my nett take home pay is RM2200.. not looking into long term payment, 3 years max. please suggest me the best bank to apply for personal financing in this situation. thanks |
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Jan 5 2009, 11:52 AM
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Senior Member
1,707 posts Joined: Mar 2006
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if u're working with government, GLC or big corporate ... can go to bank islam.
otherwise can try al-rajhi |
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Jan 5 2009, 01:16 PM
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Junior Member
481 posts Joined: Jun 2006
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Which bank offer PL for 100k-200k at more than 15 years tenure? can someone help me please.
Edit : My salary around 2.5k, working with Government. Hope can get the longest tenure. Still dont have any loan and CC debt. So far the longest tenure I found only for 15 years.. |
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Jan 9 2009, 12:42 AM
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Junior Member
243 posts Joined: Jul 2005
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i am looking for RM100k,10 years personal loan. strictly bank with low interest
currently working on GLC company income 3k no commitment at all. i have ask; bank islam - max 10 times salary only agro bank - govt only need recommendation. |
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Jan 9 2009, 08:34 PM
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Senior Member
965 posts Joined: Mar 2008
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QUOTE(mokh @ Jan 9 2009, 12:42 AM) i am looking for RM100k,10 years personal loan. strictly bank with low interest try bank rakyat...currently working on GLC company income 3k no commitment at all. i have ask; bank islam - max 10 times salary only agro bank - govt only need recommendation. |
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Jan 10 2009, 04:00 AM
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Senior Member
1,135 posts Joined: Oct 2007
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QUOTE(mokh @ Jan 9 2009, 12:42 AM) i am looking for RM100k,10 years personal loan. strictly bank with low interest Your income is way tooooo low to qualify for 100k loan.currently working on GLC company income 3k no commitment at all. i have ask; bank islam - max 10 times salary only agro bank - govt only need recommendation. |
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Jan 10 2009, 12:34 PM
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All Stars
10,912 posts Joined: Feb 2006
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tht day, dun know how, the UOB bank officer or agent called n directly said she want to offer me Personal Loan.
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Jan 10 2009, 03:02 PM
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Junior Member
484 posts Joined: Oct 2005
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If i don't have fix income, can i apply for personal loan?
My income is RM800 per month with no pay slips |
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Jan 10 2009, 08:40 PM
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Senior Member
965 posts Joined: Mar 2008
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QUOTE(vin_ann @ Jan 10 2009, 12:34 PM) tht day, dun know how, the UOB bank officer or agent called n directly said she want to offer me Personal Loan. telemarketing team...u got uob acc.??? or u did drop ur nama card at uob bank... |
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Jan 10 2009, 11:01 PM
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Junior Member
243 posts Joined: Jul 2005
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QUOTE(keithcky @ Jan 10 2009, 04:00 AM) Your income is way tooooo low to qualify for 100k loan. ok...i changed my mind. how about 50k ? |
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Jan 11 2009, 07:19 AM
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Junior Member
472 posts Joined: Oct 2007 From: Will be in your Heart
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QUOTE(jeff_v2 @ Jan 10 2009, 09:40 PM) telemarketing team... definitely from telemarketing.. if they have database ( which can be bought from other company and check your risk is low, they will offer you, however, still subject to underwriter )u got uob acc.??? or u did drop ur nama card at uob bank... QUOTE(mokh @ Jan 11 2009, 12:01 AM) ok...i changed my mind. how about 50k ? well, 3K.. max from bank islam is 10x.. you should consider.. other bank wont offer that much, most will only 5x..! |
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Jan 11 2009, 11:12 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(vivi99 @ Jan 10 2009, 03:02 PM) If i don't have fix income, can i apply for personal loan? if you're in government sector - suggest u head over to Bank Rakyat, Alliance or CIMB, for cooperative loans.My income is RM800 per month with no pay slips If you're in the private sector - try CIMB Express or Alliance Rakan. They also focus lending towards the sub-prime segment. This post has been edited by Phoeni_142: Jan 11 2009, 11:14 PM |
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Jan 14 2009, 03:43 PM
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Senior Member
2,287 posts Joined: Jun 2007 From: Anno Domini Time Ultra: 1,000,000 Trans Am Attack!
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I'm looking for 1k personal loan only... very urgent(preferably before CNY lor...)
Got anyone can give "personal" help? Of course, will never let you borrow me for free interest. Please give me a PM |
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Jan 14 2009, 07:32 PM
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Junior Member
472 posts Joined: Oct 2007 From: Will be in your Heart
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QUOTE(temptation1314 @ Jan 14 2009, 04:43 PM) I'm looking for 1k personal loan only... very urgent(preferably before CNY lor...) why dont you try out on AEON?Got anyone can give "personal" help? Of course, will never let you borrow me for free interest. Please give me a PM btw, how people can very sure that you going to pay back? so, it is better you get the loan from your immediate family |
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Jan 14 2009, 07:51 PM
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Senior Member
2,287 posts Joined: Jun 2007 From: Anno Domini Time Ultra: 1,000,000 Trans Am Attack!
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Said jor urgent ma...
Well, I'm not really asking from someone who can't trust me to borrow also. At least, some of the forummers here(including mod and staff) i know quite some time... and even living nearby.. Well if can help then help lor, if cannot nvm. I never paksa also..  |
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Jan 14 2009, 08:34 PM
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Junior Member
192 posts Joined: Aug 2006
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Hi all, i need an advice. In July last year i've made a personal loan from CIMB Islamic Xpress Cash. RM4000 for 24 months. The interest is very high at 2% monthly, so it is 48% total interest.
I feel like i want to settel it with cash. I've heard this loan you can settle it and with no interest. Is it true? |
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Jan 14 2009, 08:38 PM
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Senior Member
2,287 posts Joined: Jun 2007 From: Anno Domini Time Ultra: 1,000,000 Trans Am Attack!
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QUOTE(mnhma @ Jan 14 2009, 08:34 PM) Hi all, i need an advice. In July last year i've made a personal loan from CIMB Islamic Xpress Cash. RM4000 for 24 months. The interest is very high at 2% monthly, so it is 48% total interest. Here's come the victim.I feel like i want to settel it with cash. I've heard this loan you can settle it and with no interest. Is it true? Attractive Loan, last time I tried to apply but lucky the CIMB staff(that I know for years) advise me to take CC instead of this loan. And you're not using cash to make payment meh? Or do you mean early settlement? Better check whether there is penalty and is it worth or not before do it. Anyway, you loan, you pay with interest. This have been repeated non-stop - Bank are not doing charity business |
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Jan 14 2009, 09:00 PM
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Junior Member
192 posts Joined: Aug 2006
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QUOTE(temptation1314 @ Jan 14 2009, 08:38 PM) Here's come the victim. I want to make early settlement Attractive Loan, last time I tried to apply but lucky the CIMB staff(that I know for years) advise me to take CC instead of this loan. And you're not using cash to make payment meh? Or do you mean early settlement? Better check whether there is penalty and is it worth or not before do it. Anyway, you loan, you pay with interest. This have been repeated non-stop - Bank are not doing charity business |
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Jan 14 2009, 09:03 PM
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Senior Member
965 posts Joined: Mar 2008
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QUOTE(mnhma @ Jan 14 2009, 09:00 PM) I want to make early settlement interest will stil be the same even u made early settlement...this is islamic concept, no up no down juz like the agreement... CIMB xpress cash is good for someone in need of a cash in short time, 24hour approval and within 2week money already bankin to acc... for me this is the best coz many bank u need to have acc wit the bank first to take the loan... This post has been edited by jeff_v2: Jan 14 2009, 09:04 PM |
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Jan 14 2009, 09:10 PM
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Junior Member
192 posts Joined: Aug 2006
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QUOTE(jeff_v2 @ Jan 14 2009, 09:03 PM) interest will stil be the same even u made early settlement... You sure about that? Because the agent said otherwise. But i'm not too sure you know. Becasue the agent looks unsure also.. this is islamic concept, no up no down juz like the agreement... CIMB xpress cash is good for someone in need of a cash in short time, 24hour approval and within 2week money already bankin to acc... for me this is the best coz many bank u need to have acc wit the bank first to take the loan...  |
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Jan 14 2009, 09:23 PM
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Senior Member
965 posts Joined: Mar 2008
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QUOTE(mnhma @ Jan 14 2009, 09:10 PM) You sure about that? Because the agent said otherwise. But i'm not too sure you know. Becasue the agent looks unsure also.. the agreement u already sign stated that u had already agreed to pay a interest of 2%/month within the tenure u take the loan...even if u wanted to made a full settelement as early as within the first month the amount will still be the same as what u need to pay for the nex 2years... that why the bank use islamic concept... me also already been warn by my friend not to take PL from cimb unless ur the staff or need money urgently... u can refer to ur credit officer at cimb bank to clarify this issue... hope the officer not misrepresent to u bout the info... |
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Jan 14 2009, 09:55 PM
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All Stars
10,912 posts Joined: Feb 2006
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wan to ask.
4.08% for 6 months is this rate consider very attractive? |
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Jan 14 2009, 10:54 PM
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Junior Member
6 posts Joined: Nov 2008
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Personal Loan
Please click above link.. i provided some services of Personal Loan plus other services.. TQ |
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Jan 15 2009, 08:17 AM
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Junior Member
472 posts Joined: Oct 2007 From: Will be in your Heart
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QUOTE(temptation1314 @ Jan 14 2009, 08:51 PM) Said jor urgent ma... well, any of ur personal belonging is worth rm1K in market value Well, I'm not really asking from someone who can't trust me to borrow also. At least, some of the forummers here(including mod and staff) i know quite some time... and even living nearby.. Well if can help then help lor, if cannot nvm. I never paksa also.. u can give me as collaterral ~~ |
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Jan 15 2009, 09:22 AM
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Senior Member
2,287 posts Joined: Jun 2007 From: Anno Domini Time Ultra: 1,000,000 Trans Am Attack!
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DSLR...
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Jan 15 2009, 09:47 AM
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Junior Member
138 posts Joined: Jan 2008
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QUOTE(jeff_v2 @ Jan 14 2009, 09:23 PM) the agreement u already sign stated that u had already agreed to pay a interest of 2%/month within the tenure u take the loan... 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?even if u wanted to made a full settelement as early as within the first month the amount will still be the same as what u need to pay for the nex 2years... that why the bank use islamic concept... me also already been warn by my friend not to take PL from cimb unless ur the staff or need money urgently... u can refer to ur credit officer at cimb bank to clarify this issue... hope the officer not misrepresent to u bout the info... the agent told me i can save interest from the remaining tenure if i can settle it early.. |
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Jan 15 2009, 03:04 PM
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Junior Member
192 posts Joined: Aug 2006
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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 |
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Jan 15 2009, 04:27 PM
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Junior Member
98 posts Joined: Jan 2009
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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.. |
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Jan 15 2009, 07:57 PM
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Junior Member
472 posts Joined: Oct 2007 From: Will be in your Heart
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 QUOTE(motherboard_barai @ Jan 15 2009, 05:27 PM) u can try alradhji.. i got frens working at 1 branch.. can i apply ? 2.7K/month only but it's depend on ur income.. and if u already have blacklist before it's quite difficult to apply back.. |
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Jan 15 2009, 08:04 PM
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Senior Member
2,287 posts Joined: Jun 2007 From: Anno Domini Time Ultra: 1,000,000 Trans Am Attack!
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Lol... u got 2.7k/month consider ok jor lor...
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Jan 15 2009, 10:12 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(Star_Scream @ Jan 15 2009, 09:47 AM) 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? Chances are the sales person mis-sold to you.the agent told me i can save interest from the remaining tenure if i can settle it early.. 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 |
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Jan 17 2009, 02:14 PM
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Junior Member
138 posts Joined: Jan 2008
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QUOTE(Phoeni_142 @ Jan 15 2009, 10:12 PM) Chances are the sales person mis-sold to you. Hmm.. actually i planned to settle early but not now... and i forget the early settlement penalty rate, need to check...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. thanx for ur help.. really appreciate that |
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Feb 2 2009, 07:34 PM
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Junior Member
6 posts Joined: Nov 2007
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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..
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Feb 3 2009, 07:29 AM
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Senior Member
2,215 posts Joined: Nov 2007 From: Cheras, KL.
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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?
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Feb 3 2009, 11:40 AM
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Junior Member
481 posts Joined: Jun 2006
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QUOTE(wenjie86 @ Jan 15 2009, 08:17 AM) well, any of ur personal belonging is worth rm1K in market value this is personal loan thread.. i hope u can be serious here.. haha u can give me as collaterral ~~  |
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Feb 6 2009, 04:07 PM
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Junior Member
45 posts Joined: Feb 2009
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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. |
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Feb 6 2009, 06:51 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(Eng_Tat @ Feb 3 2009, 07:29 AM) 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? Hi, IMOYour 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. |
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Feb 7 2009, 12:17 AM
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Junior Member
138 posts Joined: May 2008
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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.
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Feb 7 2009, 12:47 PM
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Senior Member
2,215 posts Joined: Nov 2007 From: Cheras, KL.
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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.
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Feb 7 2009, 06:03 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(Eng_Tat @ Feb 7 2009, 12:47 PM) 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. |
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Feb 12 2009, 11:43 AM
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Junior Member
158 posts Joined: Jun 2007
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Besides personal loan, what type of loans can I take if I were to start a small business?
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Feb 12 2009, 05:11 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(Hamilton @ Feb 12 2009, 11:43 AM) Besides personal loan, what type of loans can I take if I were to start a small business? i assume u do not have a business yet.considering u want a loan to start a business - the quickest and most feasible option u have is to apply for a personal loan, under your capacity as a salaried worker. The banks won't care what u use the loan for, as long as u have the capacity to pay. however - if u r unemployed, and intend to start a business - IMHO, no banks will bother entertaining u. the best bet u have then would be to approach SMIDEC (google it if interested pls) This post has been edited by Phoeni_142: Feb 12 2009, 05:13 PM |
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Feb 19 2009, 12:47 PM
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Junior Member
11 posts Joined: Aug 2008
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Hi Guys,
I'm interested for applying PL, My salary is 2.5k Fresh grad but had working for 9 month Never had any CC or Housing loan. Do i meet the min requirement? if so which bank is the easiest to get |
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Feb 19 2009, 07:46 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(hibiki85 @ Feb 19 2009, 12:47 PM) Hi Guys, Tough, very tough. I'm interested for applying PL, My salary is 2.5k Fresh grad but had working for 9 month Never had any CC or Housing loan. Do i meet the min requirement? if so which bank is the easiest to get About half the banks out there - u don't qualify already. Most of them need to see at least 1 year CCRIS record. Long story short - u must have a credit card for at least 1 year. If u r a government servant - try Alliance, Bank Rakyat or Ambank. if u r a non-govn employee - think your best bet is with RHB. I'm quite sure the foreign banks are out. However, if u do get an approval from a foreign bank - pls let me know.......it'll be interesting to know that some of them have adjusted their credit policies. |
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Feb 20 2009, 12:25 AM
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Junior Member
481 posts Joined: Jun 2006
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bank rakyat for government servant.. my salary also around 2.5k.. only work for 6 month. 30k approved! aii I guess sometimes I should support government
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Feb 20 2009, 12:32 AM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(bluffy83 @ Feb 20 2009, 12:25 AM) bank rakyat for government servant.. my salary also around 2.5k.. only work for 6 month. 30k approved! aii I guess sometimes I should support government Er - i don't think that's particularly good. Perhaps u should rethink your financing options.Alliance is offering at 5% promotional rate now - yes, for government servants via salary deduction. Bank Rakyat is charging u more. I know that for a fact. Secondly - I hope that 30K is what u needed, correct? Because u actually qualify for a loan of 150K with your current salary. Scary huh? 2500 salary can get 150K loan. PS - I am in banking - but I'm not a salesperson. This post has been edited by Phoeni_142: Feb 20 2009, 12:35 AM |
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Feb 20 2009, 01:02 AM
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Junior Member
481 posts Joined: Jun 2006
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I do ask alliance... but they quite strict.. at least "sudah disahkan jawatan" or had working for more than 1 year (can consider, not 100% approved)
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Feb 20 2009, 09:01 AM
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Junior Member
4 posts Joined: Feb 2009
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blurffy 83. wat is the rate of bank rakyat provide to u?
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Feb 20 2009, 09:05 AM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(bluffy83 @ Feb 20 2009, 01:02 AM) I do ask alliance... but they quite strict.. at least "sudah disahkan jawatan" or had working for more than 1 year (can consider, not 100% approved) sorry - u mean u worked for 6 months and not confirmed yet? pls clarify. |
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Feb 20 2009, 03:49 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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If anyone of you is interested to apply for personal loan, I have contacts inside Hong Leong Bank which I believe will be able to assist you. Currently the bank is offering 1% monthly interest rate.
For more information, please visit HLB's personal loan website page: http://www.hlb.com.my/pfs/loanpl_f.htm Do PM me if and leave me your number if you are interested. I will get back to you as soon as possible. |
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Feb 21 2009, 09:39 AM
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Junior Member
4 posts Joined: Feb 2009
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If anyone of you is interested to apply for personal loan, i am cimb bank personal loan advisor for goverment sector.which I believe will be able to assist you.
Do PM me if and leave me your number if you are interested. I will get back to you as soon as possible. |
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Feb 22 2009, 08:17 PM
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Newbie
1 posts Joined: Feb 2009
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[quote=Icehart,Feb 20 2009, 03:49 PM]
If anyone of you is interested to apply for personal loan, I have contacts inside Hong Leong Bank which I believe will be able to assist you. Currently the bank is offering 1% monthly interest rate. For more information, please visit HLB's personal loan website page: http://www.hlb.com.my/pfs/loanpl_f.htm Do PM me if and leave me your number if you are interested. I will get back to you as soon as possible. hi,i would like to apply personal loan.can u reply me as soon as possible by e-mail. |
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Feb 23 2009, 10:31 AM
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Junior Member
76 posts Joined: Dec 2004
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Hi guys. Reading through the thread. I need to know anyone got the info on which bank is offering repayment tenure starting from minimum of 1 year instead of most of the banks required min 2 years. Also what is the best rate from which bank is currently offer?
Thanks for sharing info. |
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Feb 23 2009, 10:58 AM
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Senior Member
2,358 posts Joined: Jun 2005 From: Siberia
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I spoke to a HLB personal loan officer two days ago.
According to him on the current promotion, if i apply for a 10k PL, no other surcharge but only RM50 for stamp duty/admin fee up front which mean i will get RM9950 in this case. On other note, he told me that most of the PL T&C stated that 20% or more will be reflected on the loan amount itself. Meaning to say if i loan for 10k so i will only get 8k minus the admin fee in other banks. How true is this? This post has been edited by popsoul: Feb 23 2009, 11:00 AM |
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Feb 23 2009, 12:07 PM
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Senior Member
948 posts Joined: Jan 2003
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Hi guys, i am interesting in HLB personal loan too, according to the web page, i can apply the loan with supporting document Photostats of IC/Credit Card, but the actual application form asking is Photostas of IC/Proof of Income/Business registration form, so can i still apply the loan through IC and Credit card?
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Feb 23 2009, 12:59 PM
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Senior Member
753 posts Joined: Dec 2008
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Peeps,
be careful when applying for HLB loans, ok? 1% per month is the flat rate - this implies 12% flat rate per year....it's charged like Hire Purchase style. 12% flat rate = effective rate of 20.3%!!!!!!!!!!!!!!!! MORE THAN CREDIT CARD INTEREST!!!!! Do not be mis-sold by any personal loan agents all right? cheers. |
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Feb 23 2009, 01:41 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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QUOTE(Phoeni_142 @ Feb 23 2009, 12:59 PM) Peeps, The interest rate for Hong Leong Bank personal loan stood at 1% flat rate monthly so the annual interest rate is at 12% per annum. Can you provide me the calculations on how you are getting 20.3% instead?be careful when applying for HLB loans, ok? 1% per month is the flat rate - this implies 12% flat rate per year....it's charged like Hire Purchase style. 12% flat rate = effective rate of 20.3%!!!!!!!!!!!!!!!! MORE THAN CREDIT CARD INTEREST!!!!! Do not be mis-sold by any personal loan agents all right? cheers. |
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Feb 23 2009, 01:48 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(Icehart @ Feb 23 2009, 01:41 PM) The interest rate for Hong Leong Bank personal loan stood at 1% flat rate monthly so the annual interest rate is at 12% per annum. Can you provide me the calculations on how you are getting 20.3% instead? Let me put it to u this wayYes, 12% is the per annum rate.....However, this is a flat rate. It is NON REDUCING BALANCE. The effective interest rate is 20.3%. (This takes into account reducing balance) U can use the RATE formula in Excel to calculate it. It's a function of your loan amount, monthly repayment and tenure (yrs). If in doubt - ask the sales agent directly. I'd be very worried if he or she does not know the difference between flat rate and effective rates. It is misselling if u quote 12% directly. It's grounds to complain to Bank Negara, ok? |
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Feb 23 2009, 02:19 PM
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Senior Member
1,248 posts Joined: Jul 2005
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i got preapprove loan from citibank with interest rate of 9.8% base on my good credit card repayment record.... is that rate good ?
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Feb 23 2009, 02:40 PM
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Senior Member
753 posts Joined: Dec 2008
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Depends again - is 9.8% the effective rate (reducing balance) OR is it a flat rate?
kindly clarify with the sales agent, and pls don't be missold by him or her. If it's 9.8% effective rate - IMHO - it's a good rate. |
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Feb 23 2009, 02:43 PM
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VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
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Citibank used to be 7.9% flat
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Feb 25 2009, 04:59 PM
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Junior Member
15 posts Joined: Jan 2008
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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/ » Click to show Spoiler - click again to hide... « This post has been edited by viper76: Feb 25 2009, 05:01 PM |
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Feb 25 2009, 06:44 PM
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Junior Member
14 posts Joined: Feb 2009
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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? |
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Feb 25 2009, 11:49 PM
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Senior Member
3,403 posts Joined: Jan 2003 From: Damansara<-->AnField
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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 |
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Feb 26 2009, 12:05 AM
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Senior Member
753 posts Joined: Dec 2008
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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. |
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Feb 28 2009, 12:47 AM
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Junior Member
451 posts Joined: Jan 2006
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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 |
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Feb 28 2009, 07:09 PM
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Junior Member
181 posts Joined: May 2006
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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 |
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Mar 1 2009, 05:21 PM
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Junior Member
65 posts Joined: Sep 2005
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QUOTE(azam_halim @ Feb 28 2009, 12:47 AM) Al Rajhi Weekend Banking 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.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 |
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Mar 1 2009, 07:56 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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QUOTE(ibnjam @ Mar 1 2009, 05:21 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?  |
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Mar 1 2009, 09:23 PM
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Junior Member
65 posts Joined: Sep 2005
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QUOTE(Icehart @ Mar 1 2009, 07:56 PM) 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 |
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Mar 2 2009, 07:49 AM
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Newbie
1 posts Joined: Feb 2009
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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 |
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Mar 2 2009, 09:47 AM
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VIP
8,023 posts Joined: Jan 2003 From: :: Cheras ::
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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
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Mar 2 2009, 10:05 AM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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QUOTE(ibnjam @ Mar 1 2009, 09:23 PM) 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 So you applied for the maximum amount for your personal loan based on your credit card limit? |
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Mar 2 2009, 12:17 PM
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Junior Member
65 posts Joined: Sep 2005
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QUOTE(Icehart @ Mar 2 2009, 10:05 AM) So you applied for the maximum amount for your personal loan based on your credit card limit? |
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Mar 2 2009, 02:44 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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QUOTE(ibnjam @ Mar 2 2009, 12:17 PM) 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 |
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Mar 2 2009, 03:32 PM
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Junior Member
65 posts Joined: Sep 2005
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QUOTE(Icehart @ Mar 2 2009, 02:44 PM) Approved? hahaha not yet Nice 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). |
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Mar 2 2009, 03:45 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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QUOTE(ibnjam @ Mar 2 2009, 03:32 PM) hahaha not yet so now how many hours already? 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). |
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Mar 4 2009, 12:41 AM
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Junior Member
344 posts Joined: Aug 2006
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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?
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Mar 4 2009, 09:46 AM
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Junior Member
117 posts Joined: Sep 2007
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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.. |
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Mar 5 2009, 12:32 AM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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QUOTE(Vieri777 @ Mar 4 2009, 09:46 AM) try stanchart... 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. 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.. |
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Mar 5 2009, 04:25 PM
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Junior Member
65 posts Joined: Sep 2005
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QUOTE(Icehart @ Mar 2 2009, 03:45 PM) so now how many hours already? 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 |
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Mar 6 2009, 05:58 PM
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Newbie
1 posts Joined: Mar 2009
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Hi there,
Is it possible to apply 2 personal loan at one time. For example 25K from one bank and another 25K from different bank. I don't think one bank can give me 50K at one time, due to the salary limit. Please let me know. |
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Mar 6 2009, 08:10 PM
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Junior Member
425 posts Joined: May 2006
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QUOTE(lorance76 @ Mar 6 2009, 05:58 PM) Hi there, once the 1st bank approve your loan, it will appear under cicris report by BNM.Is it possible to apply 2 personal loan at one time. For example 25K from one bank and another 25K from different bank. I don't think one bank can give me 50K at one time, due to the salary limit. Please let me know. then the 2nd bank will check cicris report. its all subject to their approval. if your salary limit just allow u to apply 25k max. i don't think the 2nd bank will approve. |
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Mar 6 2009, 11:49 PM
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Junior Member
451 posts Joined: Jan 2006
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i actually have a personal loan with standard chartered bank. its a 2 years loan. i have been paying for 18 months. 2-3 days ago, i called them to enquire about personal loan. suprisingly, they told me that i can apply another personal loan with them as long as my previous loans is more than 6 months old! that means, i can have two personal loan running simultenouusly from the same bank. that is strange i think...anyway, i just try my luck..maybe i will know if i get approved or not by this tuesday since monday is a public holiday. how they calculate the max amount i can apply for is either:
1. monthly salary times 5 or 2. highest credit card's credit limit (must be 3 years or more) divide by 2 and times by 5 they only require ic only. everything is done by phone and fax. btw, you need to have a good paying record i think standard chartered has the lowest interest rate (exclude those personal loans for 'gomen' people) plus no processing fee. the downside is very few branches This post has been edited by azam_halim: Mar 6 2009, 11:52 PM |
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Mar 11 2009, 11:53 AM
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Junior Member
117 posts Joined: Sep 2007
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how much is stanchart rate ? i wanna apply 50k also n thot of doing the same thing, split with 2 banks.
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Mar 11 2009, 12:38 PM
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Junior Member
9 posts Joined: Aug 2008
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standard chartered got so 3 types of personal loan..
cant tell any different about it? still havent got time to check the branch |
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Mar 12 2009, 11:34 AM
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Junior Member
5 posts Joined: Mar 2009
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Phoeni_142,
i need advise frm u..i want to apply for PL around 5k. gross salary 1.7k.am currently working in private company for 4yrs...so far no CC n no loan applied before. can u suggest me which bank offers lower interest and fast approval...tnx in advance.. |
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Mar 12 2009, 01:05 PM
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Junior Member
42 posts Joined: Jan 2009
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QUOTE(bonitachikas @ Mar 12 2009, 12:34 PM) Phoeni_142, Dear Bonitachikas,i need advise frm u..i want to apply for PL around 5k. gross salary 1.7k.am currently working in private company for 4yrs...so far no CC n no loan applied before. can u suggest me which bank offers lower interest and fast approval...tnx in advance.. You can try OCBC bank, and if your salary RM 1.7K, you can borrow 5 times from your salary, meaning = RM 8500. maybe you can give a call to OCBC bank for inquiry & term/condition applied. |
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Mar 12 2009, 01:09 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(bonitachikas @ Mar 12 2009, 11:34 AM) Phoeni_142, I could be wrong, but from my experience - your loan application will be declined, as it is below most income thresholds + you do not have any previous unsecured loan history.i need advise frm u..i want to apply for PL around 5k. gross salary 1.7k.am currently working in private company for 4yrs...so far no CC n no loan applied before. can u suggest me which bank offers lower interest and fast approval...tnx in advance.. Do try OCBC or SCB if u really want a personal loan. I'm not too sure if they can give allowance for deviation approval in your case. Another alternative is for your to apply for credit cards (shouldn't be a problem) since u have a clean credit history - and then asking for a Cheque on call or Fast Cash feature. slower TAT, but u should get access to credit here. |
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Mar 12 2009, 02:52 PM
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Junior Member
117 posts Joined: Sep 2007
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Would like to share some rates that I have...
BSN-6.50% BIMB-7.00% (5YRS-6.80%) ALRAJHI-8.50% STANCHART-8.50% UOB-8.50% OCBC-9.50% EONBANK-12% (3YRS-9%) CITIBANK-9.18% HSBC-10.50% HLB-12% RHB-12% REDUCING |
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Mar 12 2009, 05:13 PM
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Junior Member
14 posts Joined: Feb 2009
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which bank i should try le?
my salary 2.7 + allowance = 3k++ hmm... |
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Mar 12 2009, 06:01 PM
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VIP
8,788 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(Vieri777 @ Mar 12 2009, 02:52 PM) Would like to share some rates that I have... I thought Citibank is 8.4% and Al-rajhi is 7.99%?BSN-6.50% BIMB-7.00% (5YRS-6.80%) ALRAJHI-8.50% STANCHART-8.50% UOB-8.50% OCBC-9.50% EONBANK-12% (3YRS-9%) CITIBANK-9.18% HSBC-10.50% HLB-12% RHB-12% REDUCING |
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Mar 12 2009, 06:25 PM
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Junior Member
117 posts Joined: Sep 2007
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citibank i also not too sure, u maybe right.
alrajhi, 7.99% only for weekend. n i think this week is last weekend. normal rate is 8.50% |
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Mar 13 2009, 10:55 AM
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Junior Member
9 posts Joined: Aug 2008
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QUOTE(Vieri777 @ Mar 12 2009, 02:52 PM) Would like to share some rates that I have... u called them eh?BSN-6.50% BIMB-7.00% (5YRS-6.80%) ALRAJHI-8.50% STANCHART-8.50% UOB-8.50% OCBC-9.50% EONBANK-12% (3YRS-9%) CITIBANK-9.18% HSBC-10.50% HLB-12% RHB-12% REDUCING website said 10.75% p.a but, yeah..website always give not so accurate infos |
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Mar 13 2009, 11:58 AM
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Junior Member
5 posts Joined: Mar 2009
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i agree with ur 1st statement..most of the bank declined my application..i've tried SCB also declined...Eon as well..
if i take CC and ask for the Fast Cash withdrawal what are the maximum for my salary... QUOTE(Phoeni_142 @ Mar 12 2009, 01:09 PM) I could be wrong, but from my experience - your loan application will be declined, as it is below most income thresholds + you do not have any previous unsecured loan history. Do try OCBC or SCB if u really want a personal loan. I'm not too sure if they can give allowance for deviation approval in your case. Another alternative is for your to apply for credit cards (shouldn't be a problem) since u have a clean credit history - and then asking for a Cheque on call or Fast Cash feature. slower TAT, but u should get access to credit here. |
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Mar 13 2009, 12:05 PM
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Senior Member
1,139 posts Joined: Nov 2008
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QUOTE(Vieri777 @ Mar 12 2009, 02:52 PM) Would like to share some rates that I have... Try to look at Bank Rakyat as well. Their rate normally very competitive especially for government servant. My wife is getting <6% 3 years ago. Not sure the rate now.BSN-6.50% BIMB-7.00% (5YRS-6.80%) ALRAJHI-8.50% STANCHART-8.50% UOB-8.50% OCBC-9.50% EONBANK-12% (3YRS-9%) CITIBANK-9.18% HSBC-10.50% HLB-12% RHB-12% REDUCING |
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Mar 13 2009, 02:07 PM
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Senior Member
1,954 posts Joined: Jan 2005
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bank rakyat is now offering 5.95% interest for non-ahli (non government servant) for 15 years loan.
anyone who is interested to loan more than RM50K and doesn't have the salary to apply can PM me, we can make arrangement for those ppl who only have a monthly income of RM1500 to apply for max RM150k loan (with T&C of course) Just FYI, only those who has a monthly income of at least RM1500 and 3 months of payslip, EPF records, bank records or J forms are eligible to apply. Anyone who are interested to apply this loan, and use it to invest into other bank's savings plan can contact me, this actually is a very good opportunity, because u are using bank's money to earn profit. If u take the savings plan (like for example, AMBANK ASSURANCE savings plan), the bank gives u 10% interest per year, and the loan's interest is only 5.95% per year, so u are actually earning money every year u pay the loan. |
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Mar 13 2009, 02:43 PM
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Junior Member
117 posts Joined: Sep 2007
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QUOTE(stormlcc @ Mar 13 2009, 02:07 PM) bank rakyat is now offering 5.95% interest for non-ahli (non government servant) for 15 years loan. bro, that 5.95% interest is NOT effective rate right ? anyone who is interested to loan more than RM50K and doesn't have the salary to apply can PM me, we can make arrangement for those ppl who only have a monthly income of RM1500 to apply for max RM150k loan (with T&C of course) Just FYI, only those who has a monthly income of at least RM1500 and 3 months of payslip, EPF records, bank records or J forms are eligible to apply. Anyone who are interested to apply this loan, and use it to invest into other bank's savings plan can contact me, this actually is a very good opportunity, because u are using bank's money to earn profit. If u take the savings plan (like for example, AMBANK ASSURANCE savings plan), the bank gives u 10% interest per year, and the loan's interest is only 5.95% per year, so u are actually earning money every year u pay the loan. i'm interested with the bank rakyat...how to contact you ? salary 6k. docs all got. how much can loan n how long n how fast ? |
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Mar 13 2009, 02:45 PM
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Senior Member
1,139 posts Joined: Nov 2008
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QUOTE(stormlcc @ Mar 13 2009, 02:07 PM) bank rakyat is now offering 5.95% interest for non-ahli (non government servant) for 15 years loan. Wah! Very good rate 5.95% only. What is the rate for government servant?anyone who is interested to loan more than RM50K and doesn't have the salary to apply can PM me, we can make arrangement for those ppl who only have a monthly income of RM1500 to apply for max RM150k loan (with T&C of course) Just FYI, only those who has a monthly income of at least RM1500 and 3 months of payslip, EPF records, bank records or J forms are eligible to apply. Anyone who are interested to apply this loan, and use it to invest into other bank's savings plan can contact me, this actually is a very good opportunity, because u are using bank's money to earn profit. If u take the savings plan (like for example, AMBANK ASSURANCE savings plan), the bank gives u 10% interest per year, and the loan's interest is only 5.95% per year, so u are actually earning money every year u pay the loan. |
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Mar 13 2009, 03:01 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(stormlcc @ Mar 13 2009, 02:07 PM) bank rakyat is now offering 5.95% interest for non-ahli (non government servant) for 15 years loan. That's a very misleading statement. 5.95% is actually the flat rate. The effective rate is actually 10.2%. So, please don't give the readers the impression that it's only 5.95%. If you're a sales person, you should know the difference between flat and effective rates.anyone who is interested to loan more than RM50K and doesn't have the salary to apply can PM me, we can make arrangement for those ppl who only have a monthly income of RM1500 to apply for max RM150k loan (with T&C of course) Just FYI, only those who has a monthly income of at least RM1500 and 3 months of payslip, EPF records, bank records or J forms are eligible to apply. Anyone who are interested to apply this loan, and use it to invest into other bank's savings plan can contact me, this actually is a very good opportunity, because u are using bank's money to earn profit. If u take the savings plan (like for example, AMBANK ASSURANCE savings plan), the bank gives u 10% interest per year, and the loan's interest is only 5.95% per year, so u are actually earning money every year u pay the loan. Secondly, what savings plan of 10% is this? I check with Bank Rakyat regularly - they did not know of such a plan. Can u share some light on this? I would love to be wrong on this 10% savings plan. I'd personally put some of my own cash there. tx. Added on March 13, 2009, 3:05 pm QUOTE(GHz @ Mar 13 2009, 02:45 PM) Wah! Very good rate 5.95% only. What is the rate for government servant? every bank out there quotes flat rates except for RHB which is on reducing balance.your 5.95% flat rate is actually 10.2% effective rate. Same goes with your Citibank and SCB and OCBC - don't be suprised if u are paying more than the 18% credit card interest. Added on March 13, 2009, 3:08 pm QUOTE(Vieri777 @ Mar 13 2009, 02:43 PM) bro, that 5.95% interest is NOT effective rate right ? be prepared to ask your HR for consent to cut your salary. Some people may want this to be a private affair.i'm interested with the bank rakyat...how to contact you ? salary 6k. docs all got. how much can loan n how long n how fast ? Long story short - your HR department must send a cheque to Bank Rakyat every month for your monthly installment. Your salary which is banked into you account, will be less of the loan installment. Anyone from Bank Rakyat which says otherwise - either doesn't know their own product well, OR is misleading you. This post has been edited by Phoeni_142: Mar 13 2009, 03:08 PM |
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Mar 13 2009, 03:58 PM
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Senior Member
1,139 posts Joined: Nov 2008
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QUOTE(Phoeni_142 @ Mar 13 2009, 03:01 PM) every bank out there quotes flat rates except for RHB which is on reducing balance. How do you calculate to arrive at this figure? your 5.95% flat rate is actually 10.2% effective rate. Same goes with your Citibank and SCB and OCBC - don't be suprised if u are paying more than the 18% credit card interest.  My wife have bank rakyat personal loan a few years back, I think it does not charge interest as what you says. |
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Mar 13 2009, 07:03 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(GHz @ Mar 13 2009, 03:58 PM) How do you calculate to arrive at this figure? you can believe whatever u want to believe. I have no vested interest in this. My wife have bank rakyat personal loan a few years back, I think it does not charge interest as what you says. If u have a hire purchase - you will understand what I mean. U think u really pay 2% on your new Honda? check out the difference between a flat and effective rate. If your sales person doesn't know what it means - it implies 2 things. 1. They are ignorant. 2. They are pretending to be ignorant. have a nice day. |
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Mar 13 2009, 09:27 PM
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Senior Member
1,954 posts Joined: Jan 2005
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I will scan the document and upload it here later
QUOTE(Vieri777 @ Mar 13 2009, 02:43 PM) bro, that 5.95% interest is NOT effective rate right ? just 2 make it simple, if u loan rm150,000 for 15 years, every month u need to pay the bank rm1578i'm interested with the bank rakyat...how to contact you ? salary 6k. docs all got. how much can loan n how long n how fast ? but if u have full document then u can directly apply for this loan with bank rakyat, no need to contact me, because i'm doing this for those who cant get high loan amount or those who are blacklisted by the banks. If u have a salary of 6k, the bank will usually offer u around 50k loan and max of 15 years. QUOTE(Phoeni_142 @ Mar 13 2009, 03:01 PM) Secondly, what savings plan of 10% is this? I check with Bank Rakyat regularly - they did not know of such a plan. Can u share some light on this? I would love to be wrong on this 10% savings plan. I'd personally put some of my own cash there. must at least invest into the bank for 21 years (long term) if u want 100% profit must at least invest RM2000 per year interest for 1st 3 years is 8%, after 3 years the interest will be 10% every year this saving plan includes life and 36 coverage insurance. every 3 years, u can take back around 8% of your investment by cash from the bank (that includes the investment of the insurance, amount is around rm2000), this is optional, if u don't take the money out, the bank will give u extra bonus. after 21 years u will get back the total amount that u've saved. I'm currently in ipoh, anyone who's interested in any of these can contact me by hp. 012-6065012 and i'll arrange a meeting with u. Anyone who are in KL who's interested can PM me so that i can arrange a date to meet u all together. Please note that the loan is for those who cant get high amount of loan and those who are blacklisted by the banks, those who have full document and have good salary can directly go to bank rakyat. And if u want to take this loan, there will be some terms and conditions, e.g u have to prepare some money (few hundred) for the arrangement (refundable if loan not approve). And if the bank approved the loan, i will take some percentage from the loan as commission. These terms and conditions are non-negotiable and i will personally explain it to u when i meet u. So my advice to u is this, do contact me when u are in dire need of cash, and the minimum loan amount is RM50k, and the loan approval takes minimum 3 weeks time. Thank you very much. |
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Mar 13 2009, 10:09 PM
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Senior Member
1,139 posts Joined: Nov 2008
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QUOTE(Phoeni_142 @ Mar 13 2009, 07:03 PM) you can believe whatever u want to believe. I have no vested interest in this. What do you mean? I thought we use this forum as a platform to discuss.QUOTE(Phoeni_142 @ Mar 13 2009, 07:03 PM) If u have a hire purchase - you will understand what I mean. U think u really pay 2% on your new Honda? Of course u will pay 2%. Its 2% based on loan amount not 2% based on balance. What do mean by we not paying 2%?QUOTE(Phoeni_142 @ Mar 13 2009, 07:03 PM) check out the difference between a flat and effective rate. If your sales person doesn't know what it means - it implies 2 things. I not sure the term u use. Is it the same with rate base on loan amount or rate base on balance(reducing balance)?1. They are ignorant. 2. They are pretending to be ignorant. have a nice day. By the way currently I am intend to apply any loan, so that's why try to discuss in this forum. Have a nice weekend to you. |
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Mar 13 2009, 10:18 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(stormlcc @ Mar 13 2009, 09:27 PM) I will scan the document and upload it here later Yes - the monthly repayment is simple. just 2 make it simple, if u loan rm150,000 for 15 years, every month u need to pay the bank rm1578 but if u have full document then u can directly apply for this loan with bank rakyat, no need to contact me, because i'm doing this for those who cant get high loan amount or those who are blacklisted by the banks. If u have a salary of 6k, the bank will usually offer u around 50k loan and max of 15 years. but if u work it backwords - it's still 5.95% flat or 10.2% effective rate. I have nothing against u, but I felt that readers should know the real rate which they are paying. Added on March 13, 2009, 10:29 pm QUOTE(GHz @ Mar 13 2009, 10:09 PM) What do you mean? I thought we use this forum as a platform to discuss. Well, I think you're misinformed on a few points. And - i guarantee you your wife is paying a flat rate on her loan, if it's from Bank Rakyat (no disrespect intended to your mrs).Of course u will pay 2%. Its 2% based on loan amount not 2% based on balance. What do mean by we not paying 2%? I not sure the term u use. Is it the same with rate base on loan amount or rate base on balance(reducing balance)? By the way currently I am intend to apply any loan, so that's why try to discuss in this forum. Have a nice weekend to you. let me explain. a flat rate does not take the effect of reducing balance into account. Interest is pre-defined UPFRONT as per Rule of 78. an effective rate takes into account the "reducing balance" principle. As such, a 5.95% flat rate is actually an effective rate of 10.2%. Secondly, pls pay attention to your car loan. your 2% on your honda is not charged on reducing balance!!!!!!!! It's charged UPFRONT on your ORIGINAL loan amount. If u want to test it out - why don't you PREPAY on your personal loan or hire purchase. I GUARANTEE you that you will not enjoy any interest savings. I hope that I made your weekend. This post has been edited by Phoeni_142: Mar 13 2009, 10:31 PM |
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Mar 13 2009, 11:32 PM
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Senior Member
1,139 posts Joined: Nov 2008
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QUOTE(Phoeni_142 @ Mar 13 2009, 10:18 PM) Well, I think you're misinformed on a few points. And - i guarantee you your wife is paying a flat rate on her loan, if it's from Bank Rakyat (no disrespect intended to your mrs). Ooo, if that is what you mean then I am fully understand about this issue for many years back. I thought you mention something like hidden cost which bring the interest to go up so much.let me explain. a flat rate does not take the effect of reducing balance into account. Interest is pre-defined UPFRONT as per Rule of 78. an effective rate takes into account the "reducing balance" principle. As such, a 5.95% flat rate is actually an effective rate of 10.2%. Secondly, pls pay attention to your car loan. your 2% on your honda is not charged on reducing balance!!!!!!!! It's charged UPFRONT on your ORIGINAL loan amount. If u want to test it out - why don't you PREPAY on your personal loan or hire purchase. I GUARANTEE you that you will not enjoy any interest savings. I hope that I made your weekend. I am not sure the benefit that you gain by converting flat interest rate to reducing balance interest rate. I thought it is very standard that all banks offer car loan & personal loan using flat rate & house loan using reducing balance unless there are changes in the market nowdays. For example car loan, Bank A give you 2.5% flat rate & Bank B give you 2.7% flat rate. For sure Bank A is better, do not need to convert to reducing balance. I don't really see the need of that. The most important is how much you the total amount need to pay. |
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Mar 14 2009, 01:04 AM
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Senior Member
1,954 posts Joined: Jan 2005
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it is actually a flat rate, the document that bank rakyat provides even list all the amount, rates, monthly payment for how many years down FYI, the example i've provided for u (RM150K for RM1578 per month) actually came from that document, it is quite detailed and easy to understand.
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Mar 14 2009, 03:24 AM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(GHz @ Mar 13 2009, 11:32 PM) Ooo, if that is what you mean then I am fully understand about this issue for many years back. I thought you mention something like hidden cost which bring the interest to go up so much. I am just concerned that there may be people that think they are only paying 5.95% on their personal loans, which is so much lower than their credit card interest of 18%. They are not comparing apples with apples.I am not sure the benefit that you gain by converting flat interest rate to reducing balance interest rate. I thought it is very standard that all banks offer car loan & personal loan using flat rate & house loan using reducing balance unless there are changes in the market nowdays. For example car loan, Bank A give you 2.5% flat rate & Bank B give you 2.7% flat rate. For sure Bank A is better, do not need to convert to reducing balance. I don't really see the need of that. The most important is how much you the total amount need to pay. hidden costs? No hidden costs - but if u early settle - the amount will be mind boggling for a flat rate loan. Different story for different day. if u understand the different types of rates which u are paying, and if u have no problem sleeping at night - that's fine. cheers This post has been edited by Phoeni_142: Mar 17 2009, 10:08 AM |
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Mar 17 2009, 08:21 AM
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Senior Member
710 posts Joined: Jan 2003 From: In the backyard. Up to no good!
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Phoeni_142 .... so ur saying RHB offers a more attractive personal loan at 12% reducing balance?
or is there a better personal loan out there? I'm interested in repaying a RM10k loan, of course with lower interests on a whole at the end of the day. |
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Mar 17 2009, 10:11 AM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(chanti-sama @ Mar 17 2009, 08:21 AM) Phoeni_142 .... so ur saying RHB offers a more attractive personal loan at 12% reducing balance? from a RATES perspective, RHB is charging the lowest rate in the market. (vs. other commercial banks)or is there a better personal loan out there? I'm interested in repaying a RM10k loan, of course with lower interests on a whole at the end of the day. Again, u have to compare apples with apples. i.e. Effective Interest Rates with Effective Interest Rates. |
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Mar 17 2009, 11:05 AM
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Senior Member
1,139 posts Joined: Nov 2008
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QUOTE(Phoeni_142 @ Mar 17 2009, 10:11 AM) from a RATES perspective, RHB is charging the lowest rate in the market. (vs. other commercial banks) Bank Rakyat at 5.95% fixed rate should be better. Again, u have to compare apples with apples. i.e. Effective Interest Rates with Effective Interest Rates. |
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Mar 17 2009, 11:10 AM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(GHz @ Mar 17 2009, 11:05 AM) Bank Rakyat at 5.95% fixed rate should be better. I said amongst commercial banks - RHB has the best rates. Pls read again.Bank Rakyat is a cooperative bank, which does mainly government loans. Bank Rakyat does not come under the jurisdiction of Bank Negara Malaysia. Good luck if they change any terms on their own whims and fancies. |
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Mar 17 2009, 11:58 AM
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Senior Member
1,139 posts Joined: Nov 2008
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QUOTE(Phoeni_142 @ Mar 17 2009, 11:10 AM) I said amongst commercial banks - RHB has the best rates. Pls read again. OIC, miss that part. Bank Rakyat is a cooperative bank, which does mainly government loans. Bank Rakyat does not come under the jurisdiction of Bank Negara Malaysia. Good luck if they change any terms on their own whims and fancies. However, that 12% RB rate only for loan >RM100k. For small amount not so good. Other bank is better. Attach photo below take from RHB website. This post has been edited by GHz: Mar 17 2009, 11:59 AM Attached thumbnail(s) 
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Mar 17 2009, 12:15 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(GHz @ Mar 17 2009, 11:58 AM) OIC, miss that part. That's a good point. From your table - anything less than 100K looks uncompetitive from RHB. The bank is also "honest" in providing the flat rates there. Thanks for bringing this up. However, that 12% RB rate only for loan >RM100k. For small amount not so good. Other bank is better. Attach photo below take from RHB website. If that's the case - anything less than 50K loan - look's like Al-Rahji & Citibank seems to be the most competitive from a RATES perspective. |
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Mar 17 2009, 01:28 PM
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Senior Member
1,139 posts Joined: Nov 2008
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QUOTE(Phoeni_142 @ Mar 17 2009, 12:15 PM) That's a good point. From your table - anything less than 100K looks uncompetitive from RHB. The bank is also "honest" in providing the flat rates there. Thanks for bringing this up. Yes, they are "honest" but I think it is more their responsibility as they deviate from norm where others using Flat rate.If that's the case - anything less than 50K loan - look's like Al-Rahji & Citibank seems to be the most competitive from a RATES perspective. How about BIMB, they offering 7% right? How about Bank Muamalat, I have personal loan with them 3 years ago, During that tine their rate only 6.25%. Not sure how much now. |
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Mar 17 2009, 02:05 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(GHz @ Mar 17 2009, 01:28 PM) Yes, they are "honest" but I think it is more their responsibility as they deviate from norm where others using Flat rate. For Bank Islam - they maily do cooperative lending, which offers loans mainly to government servants. You can get less than 7%. In fact, can be as low as 5.1% depending on loan tenure. (Reciting from memory, please check for accuracy)How about BIMB, they offering 7% right? How about Bank Muamalat, I have personal loan with them 3 years ago, During that tine their rate only 6.25%. Not sure how much now. For Bank Muamalat - Which company do you work for? DRB-HICOM? If memory serves, they also do cooperative lending to government servants, and only to selected private companies. Payment is also via salary deduction....which u have to get HR to endorse on your loan application. Again, I'm not too sure what procedure applied to you back then, but this is the current practice today. Long story short - a regular joe that works in the private sector isn't eligible for the two banks above - unless their companies have a special tie up with the banks to facilitate salary deduction or they are governmen servants. On that point, I'm pretty sure. This post has been edited by Phoeni_142: Mar 17 2009, 02:07 PM |
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Mar 17 2009, 02:30 PM
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Senior Member
1,139 posts Joined: Nov 2008
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QUOTE(Phoeni_142 @ Mar 17 2009, 02:05 PM) For Bank Islam - they maily do cooperative lending, which offers loans mainly to government servants. You can get less than 7%. In fact, can be as low as 5.1% depending on loan tenure. (Reciting from memory, please check for accuracy) No, I am not working with government or DRB-HICOM. I am working at private sector & the paymanet is not by salary deduction. But I think you are right, if I still remember correctly, the bank officer told me that it is not easy to get personal loan if you are working in private company. I got mine maybe because maybe because my relation with the bank officer is quite good. In fact I manage to take the loan twice.For Bank Muamalat - Which company do you work for? DRB-HICOM? If memory serves, they also do cooperative lending to government servants, and only to selected private companies. Payment is also via salary deduction....which u have to get HR to endorse on your loan application. Again, I'm not too sure what procedure applied to you back then, but this is the current practice today. Long story short - a regular joe that works in the private sector isn't eligible for the two banks above - unless their companies have a special tie up with the banks to facilitate salary deduction or they are governmen servants. On that point, I'm pretty sure. But, why not the regular joe that works in the private sector give a try. Maybe he lucky. Are you working with bank? |
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Mar 17 2009, 04:54 PM
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Senior Member
5,713 posts Joined: Jan 2003
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hey stormic,
"be prepared to ask your HR for consent to cut your salary. Some people may want this to be a private affair. Long story short - your HR department must send a cheque to Bank Rakyat every month for your monthly installment. Your salary which is banked into you account, will be less of the loan installment. Anyone from Bank Rakyat which says otherwise - either doesn't know their own product well, OR is misleading you." is it true ar? QUOTE(stormlcc @ Mar 14 2009, 01:04 AM) it is actually a flat rate, the document that bank rakyat provides even list all the amount, rates, monthly payment for how many years down FYI, the example i've provided for u (RM150K for RM1578 per month) actually came from that document, it is quite detailed and easy to understand. |
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Mar 17 2009, 10:01 PM
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Junior Member
176 posts Joined: Mar 2006
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For calculating effective interest rate, you can use this excel file.
This post has been edited by zephyryu: Mar 17 2009, 10:01 PM Attached File(s) 
EIR.zip ( 4.88k )
Number of downloads: 146 |
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Mar 18 2009, 12:18 AM
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Junior Member
115 posts Joined: Dec 2008
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QUOTE(zephyryu @ Mar 17 2009, 10:01 PM) For calculating effective interest rate, you can use this excel file. thanks for the file.. |
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Mar 18 2009, 10:34 AM
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Senior Member
5,006 posts Joined: Jun 2005 From: Puchong
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but do take into consideration the actual amount of money you will get on the personal loan. whether the bank minus stamp duty or other charges. some banks you will not get 100% of the loan.
n i did take PL with RHB march last year during the '2 months later promotion'. which means you only start paying for the loan, 2 months after you get the money. amount is 6k, repayment 282/month for 24 months. actual amount i get is 6k, no other charges. they straight bank-in to your savings account. |
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Mar 18 2009, 10:53 AM
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Junior Member
130 posts Joined: Feb 2007
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QUOTE(Phoeni_142 @ Mar 17 2009, 02:05 PM) For Bank Islam - they maily do cooperative lending, which offers loans mainly to government servants. You can get less than 7%. In fact, can be as low as 5.1% depending on loan tenure. (Reciting from memory, please check for accuracy) isnt bank Bank Muamalat juz offer for govenment sector? i ask them they said they offer to military and bomba nia.. direct reject frm front door ... T.TFor Bank Muamalat - Which company do you work for? DRB-HICOM? If memory serves, they also do cooperative lending to government servants, and only to selected private companies. Payment is also via salary deduction....which u have to get HR to endorse on your loan application. Again, I'm not too sure what procedure applied to you back then, but this is the current practice today. Long story short - a regular joe that works in the private sector isn't eligible for the two banks above - unless their companies have a special tie up with the banks to facilitate salary deduction or they are governmen servants. On that point, I'm pretty sure. |
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Mar 18 2009, 04:26 PM
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Junior Member
31 posts Joined: Sep 2008
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Hi all,
I am planning to apply for personal loan for myself? Do anyone know which bank is the most efficent one? Does all bank provides personal loan? what is the requirement to apply for personal loan? Hope anyone can Help me? Thanks guys....  |
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Mar 19 2009, 12:32 AM
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Senior Member
710 posts Joined: Jan 2003 From: In the backyard. Up to no good!
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QUOTE(Phoeni_142 @ Mar 17 2009, 10:11 AM) from a RATES perspective, RHB is charging the lowest rate in the market. (vs. other commercial banks) I went to cimb today to enquire about their personal loanAgain, u have to compare apples with apples. i.e. Effective Interest Rates with Effective Interest Rates. then this officer show me some flexicash it's reducing balance i asked her about the interest.. she said it's BLR + 6.1% = 11.6% is it normal to have blr for personal loans? i thought blr is for home laons? |
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 Mar 19 2009, 12:39 AM
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Junior Member
14 posts Joined: Sep 2005 From: Kuala Lumpur
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I am actually looking for personal loan however I been having record in Ccris / Ctos. But I manage to have income to payback at least RM1.5k per month on installment of loan. I only need RM15k loan to settle all my existing credit card debts, as I calculate the credit card interest is much more than Personal Loan therefore I hope can apply for it but none of the bank approved me the loan. So if you guys, can introduce to me where I can get the loan or 100% can get approval. Please do PM me and let me know.. Appreciate on your information.
Thank you so much.. |
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Mar 19 2009, 12:49 AM
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Newbie
3 posts Joined: Nov 2008
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QUOTE(ayeong @ Mar 19 2009, 12:39 AM) I am actually looking for personal loan however I been having record in Ccris / Ctos. But I manage to have income to payback at least RM1.5k per month on installment of loan. I only need RM15k loan to settle all my existing credit card debts, as I calculate the credit card interest is much more than Personal Loan therefore I hope can apply for it but none of the bank approved me the loan. So if you guys, can introduce to me where I can get the loan or 100% can get approval. Please do PM me and let me know.. Appreciate on your information. Are you a government servant? If yes, then I can assist you...!! Thank you so much.. |
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Mar 19 2009, 12:59 AM
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Junior Member
14 posts Joined: Sep 2005 From: Kuala Lumpur
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QUOTE(alexyong @ Mar 19 2009, 12:49 AM) Are you a government servant? If yes, then I can assist you...!! Too bad. I am not. Any other ways? |
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Mar 19 2009, 09:30 AM
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VIP
9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods.
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Show me the way you calculate the interest?
Credit card is on reducing balance whereas term loan or personal loan is on flat interest where the effective interest rate is higher than credit card when it comes to final few years. By constantly paying your CC with your 1.5k like you mentioned for a balance of 15k; it takes you appropriately 10+ mths to clear it with the extra interest paid as RM720.64 (total interest is only 4.8%) By taking a loan of 15K say for the same tenor - 12 months at the interest rate of say 9.99%. You'll be forking out RM1,498.5 as interest. Double what I've calculated for you. So pls do not be misled by personal loan's interest rate as you have not done the full calculation yet. There's a big difference! Just pay monthly your RM1.5k like you mentioned you can afford instead of taking another debt to cover current debt. Added on March 19, 2009, 9:38 am CODE 15,000.00 18% (interest rate per annum) 13,702.50 1 1500 (payment) 12,385.54 2 11,048.82 3 9,692.05 4 8,314.93 5 6,917.16 6 5,498.42 7 4,058.39 8 2,596.77 9 1,113.22 10 (392.58) 11 Look at the above. First column is your starting balance of say RM15k. 2nd row onwards would be your (balance - payment)*(1+{interest rate/12}). p/s: If anyone thinks that my calculation is wrong; pls correct me. Everyone is here to learn. This post has been edited by b00n: Mar 19 2009, 09:38 AM |
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Mar 19 2009, 11:31 AM
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Junior Member
117 posts Joined: Sep 2007
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Enter Act Pmt>1500.00 Enter int> 1.500%
Principal Int per mth Int charge O/S Amt Min Pmt Act Pmt 15000.00 1.500% 225.00 15225.00 761.25 1500.00 13725.00 1.500% 205.88 13930.88 696.54 1500.00 12430.88 1.500% 186.46 12617.34 630.87 1500.00 11117.34 1.500% 166.76 11284.10 564.20 1500.00 9784.10 1.500% 146.76 9930.86 496.54 1500.00 8430.86 1.500% 126.46 8557.32 427.87 1500.00 7057.32 1.500% 105.86 7163.18 358.16 1500.00 5663.18 1.500% 84.95 5748.13 287.41 1500.00 4248.13 1.500% 63.72 4311.85 215.59 1500.00 2811.85 1.500% 42.18 2854.03 142.70 1500.00 1354.03 1.500% 20.31 1374.34 68.72 1374.34 Added on March 19, 2009, 11:32 amTotal Payable 16374.34 Int Payable 1374.34 Months 11 Added on March 19, 2009, 11:34 amdo a balance transfer bro. try Public or Maybank or EONbank. so far this is the best deals....also stanchart..4.99%pa for 9mths. OR take the zero interest plan...dont know got "truly" zero or not lah...usually its very short tenor... RHB 6% reducing balance used to be the best but now no more. This post has been edited by Vieri777: Mar 19 2009, 11:55 AM |
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Mar 20 2009, 02:12 AM
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Junior Member
14 posts Joined: Sep 2005 From: Kuala Lumpur
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Thank you guyz for the calculation. Now I am more clear on the calculation. But any how I have bad record in ccris due to last few months didnt make payment coz jobless. So will the balance transfer affected>? Any advice from banker?
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Mar 21 2009, 04:02 PM
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Senior Member
731 posts Joined: Jan 2007
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can a RM2k income earn 30k loan? I can provide payment slips, confirmation letter those, but EPF like so ma fan...hard for me to go obtain them, somore my current job right now not paying EPF yet,im working for 4 months d with them... n i never had a credit card...
so what are my chances year? thx in advance |
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Mar 21 2009, 04:16 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(Krovaxq @ Mar 21 2009, 04:02 PM) can a RM2k income earn 30k loan? I can provide payment slips, confirmation letter those, but EPF like so ma fan...hard for me to go obtain them, somore my current job right now not paying EPF yet,im working for 4 months d with them... n i never had a credit card... I presume you're not a government servant, and belong to the private sector.so what are my chances year? thx in advance If that's the case - your chances of getting 30K is 0% For 4 months on the job - i'd say even getting an 8K loan - the odds are also againts u (perhaps about 30 to 40% chance) |
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Mar 22 2009, 09:40 AM
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Senior Member
731 posts Joined: Jan 2007
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QUOTE(Phoeni_142 @ Mar 21 2009, 04:16 PM) I presume you're not a government servant, and belong to the private sector. thx for the reply If that's the case - your chances of getting 30K is 0% For 4 months on the job - i'd say even getting an 8K loan - the odds are also againts u (perhaps about 30 to 40% chance) helps me alot, so i shud forget about personal loan now...cant buy a car yet >.< |
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Mar 22 2009, 10:13 AM
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Senior Member
1,933 posts Joined: Mar 2006 From: ~Universe~
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QUOTE(Krovaxq @ Mar 22 2009, 09:40 AM) thx for the reply u getting a pl for buying a car? doesnt tat evolve u on 2 loans later on? helps me alot, so i shud forget about personal loan now...cant buy a car yet >.< |
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Mar 25 2009, 01:46 PM
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Junior Member
108 posts Joined: Apr 2007 From: melakau johorang
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if i didnt have payment slip, how to apply loan? work in family business. income net RM2300 per month. no EPF. previous loan, PTPTN. age 23 years old.
what document i need? |
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Mar 25 2009, 01:48 PM
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Junior Member
170 posts Joined: Jun 2005
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QUOTE(mrpilot @ Mar 25 2009, 01:46 PM) if i didnt have payment slip, how to apply loan? work in family business. income net RM2300 per month. no EPF. previous loan, PTPTN. age 23 years old. Ur family business got a company right ? use the company to issue you salary slip up to Rm3k per month....hehe~ less than RM3k no nd pay tax...so they cant check your form J...thxwhat document i need? |
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Mar 25 2009, 03:13 PM
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Junior Member
117 posts Joined: Sep 2007
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after weeks n weeks of looking, i've decided to go with Stanchart.
and Public for balance transfer hope all is okay. wish me luck. |
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Mar 25 2009, 03:52 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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QUOTE(Vieri777 @ Mar 25 2009, 03:13 PM) after weeks n weeks of looking, i've decided to go with Stanchart. Good luck with your application. Do update us on your progress if possible. and Public for balance transfer hope all is okay. wish me luck. |
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Mar 25 2009, 03:54 PM
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Junior Member
400 posts Joined: Oct 2008
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here are some tables for those wondering the comparison of the personal loan rate and the credit card interest rates...
Personal loan rate 12% Equivalent credit card rate 1 yr 21.457% 2 yrs 21.571% 3 yrs 21.200% 4 yrs 20.754% 5 yrs 20.310% Personal loan rate 10% Equivalent credit card rate 1 yr 17.972% 2 yrs 18.157% 3 yrs 17.918% 4 yrs 17.600% 5 yrs 17.274% Personal loan rate 8% Equivalent credit card rate 1 yr 14.452% 2 yrs 14.677% 3 yrs 14.548% 4 yrs 14.345% 5 yrs 14.125% as an example i loan 10000rm personal loan at the 12% rate 5 years i would have to pay 266.67rm back every month, however if i did not take the personal loan and choose to pay back to the credit card at 266.67rm every month, the credit card interest would have to be 20.31% instead of 18% for the final balance to be 0 at the 60th month. if the credit card uses 18% i would be able to finish paying on the 56th month with 266.67 monthly. this example ignores the 5% minimum payment of credit cards... in some cases the personal interest rate of 12% is an illusion that it is lower than the 18% credit card rate. the equivalent credit card rate was calculated from using the excel tools->solver function to reverse calculate. correct me if wrong, hey i am also learning 2 cents This post has been edited by mouldybread: Mar 25 2009, 03:57 PM |
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Mar 25 2009, 05:55 PM
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Junior Member
108 posts Joined: Apr 2007 From: melakau johorang
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QUOTE(louisho_84 @ Mar 25 2009, 01:48 PM) Ur family business got a company right ? use the company to issue you salary slip up to Rm3k per month....hehe~ less than RM3k no nd pay tax...so they cant check your form J...thx can i use "payment voucer" as my pay slip? look like a cheque but with company name @ the top. can this consider as strong document ?? hehe.. |
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Mar 26 2009, 01:01 AM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(mouldybread @ Mar 25 2009, 03:54 PM) here are some tables for those wondering the comparison of the personal loan rate and the credit card interest rates... Hi, you got the principle right - but the rates wrong. Basically - the 12% is a flat rate. Yes, you have to convert it into an effective rate for an apple-to-apple comparison with credit card rates.Personal loan rate 12% Equivalent credit card rate 1 yr 21.457% 2 yrs 21.571% 3 yrs 21.200% 4 yrs 20.754% 5 yrs 20.310% Personal loan rate 10% Equivalent credit card rate 1 yr 17.972% 2 yrs 18.157% 3 yrs 17.918% 4 yrs 17.600% 5 yrs 17.274% Personal loan rate 8% Equivalent credit card rate 1 yr 14.452% 2 yrs 14.677% 3 yrs 14.548% 4 yrs 14.345% 5 yrs 14.125% as an example i loan 10000rm personal loan at the 12% rate 5 years i would have to pay 266.67rm back every month, however if i did not take the personal loan and choose to pay back to the credit card at 266.67rm every month, the credit card interest would have to be 20.31% instead of 18% for the final balance to be 0 at the 60th month. if the credit card uses 18% i would be able to finish paying on the 56th month with 266.67 monthly. this example ignores the 5% minimum payment of credit cards... in some cases the personal interest rate of 12% is an illusion that it is lower than the 18% credit card rate. the equivalent credit card rate was calculated from using the excel tools->solver function to reverse calculate. correct me if wrong, hey i am also learning 2 cents there's too much to type - and it's been a long day. Basically - pls google up "Rule of 78". That's how personal loan interest is callculated. Interest is already predefined every month - and is NOT reducing balance. Using your example of 12% - the equivalent effective interest rates is as follows: Year 1: 22.4% Year 2: 20.2% Year 3: 18.3% Year 4: 16.8% Year 5: 15.5% If you noticed - Rule of 78 allocates a much higher disproportionate amount of interest in the earlier part of the loan tenure. The effective interest rate over the 5 years is 20.3% - based on the 12% flat rate. If I've managed to confuse you - pls google up Rule of 78. It'll be clearer then. Hopefully, awareness of this issue will be spread to the unsuspecting public. |
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Mar 26 2009, 10:31 AM
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Junior Member
400 posts Joined: Oct 2008
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QUOTE(Phoeni_142 @ Mar 26 2009, 01:01 AM) Hi, you got the principle right - but the rates wrong. Basically - the 12% is a flat rate. Yes, you have to convert it into an effective rate for an apple-to-apple comparison with credit card rates. er, i dont think my tables represent the same thing as what you are trying to convey, my tables represent what the credit card interest has to be in order for the last month of the tenure loan duration to be equals to zero while yours is the profit interest charged by the bank. ok a bit confusing let me put some examples from excel.there's too much to type - and it's been a long day. Basically - pls google up "Rule of 78". That's how personal loan interest is callculated. Interest is already predefined every month - and is NOT reducing balance. Using your example of 12% - the equivalent effective interest rates is as follows: Year 1: 22.4% Year 2: 20.2% Year 3: 18.3% Year 4: 16.8% Year 5: 15.5% If you noticed - Rule of 78 allocates a much higher disproportionate amount of interest in the earlier part of the loan tenure. The effective interest rate over the 5 years is 20.3% - based on the 12% flat rate. If I've managed to confuse you - pls google up Rule of 78. It'll be clearer then. Hopefully, awareness of this issue will be spread to the unsuspecting public. for a 1 year 10k 12% personal loan monthly payment 933.33 int on remaining principle interest 21.4571843 1st column:month 2nd column:principle+interest 3rd column:2nd column-monthly payment 1 10,179 9,245 2 9,411 8,477 3 8,629 7,696 4 7,833 6,900 5 7,023 6,090 6 6,199 5,266 7 5,360 4,426 8 4,506 3,572 9 3,636 2,703 10 2,751 1,818 11 1,850 917 12 933 0 for a 5 years 10k 12% personal loan monthly payment 266.66 int on remaining principle interest 20.30999876 1st column:month 2nd column:principle+interest 3rd column:2nd column-monthly payment year1 1 10,169 9,903 2 10,070 9,804 3 9,969 9,703 4 9,867 9,600 5 9,763 9,496 6 9,657 9,390 7 9,549 9,282 8 9,440 9,173 9 9,328 9,061 10 9,215 8,948 11 9,100 8,833 12 8,982 8,716 year2 1 8,863 8,597 2 8,742 8,475 3 8,619 8,352 4 8,494 8,227 5 8,366 8,100 6 8,237 7,970 7 8,105 7,838 8 7,971 7,704 9 7,835 7,568 10 7,696 7,429 11 7,555 7,288 12 7,412 7,145 year3 1 7,266 6,999 2 7,118 6,851 3 6,967 6,700 4 6,814 6,547 5 6,658 6,391 6 6,499 6,233 7 6,338 6,072 8 6,174 5,908 9 6,008 5,741 10 5,838 5,572 11 5,666 5,399 12 5,491 5,224 year4 1 5,312 5,046 2 5,131 4,864 3 4,947 4,680 4 4,759 4,493 5 4,569 4,302 6 4,375 4,108 7 4,178 3,911 8 3,977 3,710 9 3,773 3,507 10 3,566 3,299 11 3,355 3,088 12 3,141 2,874 year5 1 2,923 2,656 2 2,701 2,434 3 2,476 2,209 4 2,246 1,980 5 2,013 1,746 6 1,776 1,509 7 1,535 1,268 8 1,290 1,023 9 1,040 774 10 787 520 11 529 262 12 267 0 for me to compare the credit card interest rate which they charge monthly, i also have to use a monthly rest way to calculate the equivalent interest rate to have a more direct picture. if my tables are wrong please tell me. for the rule 78 ive googled for some reference This is what i get for using the 78 rule for 5 years loan 10000 total month 1830 int charged 6000 interest 12% 1st colum:inverse month 2nd column:month 3rd column:int charged 4th column:rm 60 1 0.03279 196.72 59 2 0.03224 193.44 58 3 0.03169 190.16 57 4 0.03115 186.89 56 5 0.03060 183.61 55 6 0.03005 180.33 54 7 0.02951 177.05 53 8 0.02896 173.77 52 9 0.02842 170.49 51 10 0.02787 167.21 sum 1 to 12 mnth 50 11 0.02732 163.93 int rm 49 12 0.02678 160.66 0.35738 2144.26 48 13 0.02623 157.38 47 14 0.02568 154.10 46 15 0.02514 150.82 45 16 0.02459 147.54 44 17 0.02404 144.26 43 18 0.02350 140.98 42 19 0.02295 137.70 41 20 0.02240 134.43 40 21 0.02186 131.15 39 22 0.02131 127.87 sum 13 to 24 mnth 38 23 0.02077 124.59 int rm 37 24 0.02022 121.31 0.27869 1672.13 36 25 0.01967 118.03 35 26 0.01913 114.75 34 27 0.01858 111.48 33 28 0.01803 108.20 32 29 0.01749 104.92 31 30 0.01694 101.64 30 31 0.01639 98.36 29 32 0.01585 95.08 28 33 0.01530 91.80 27 34 0.01475 88.52 sum 25 to 36 mnth 26 35 0.01421 85.25 int rm 25 36 0.01366 81.97 0.20000 1200.00 24 37 0.01311 78.69 23 38 0.01257 75.41 22 39 0.01202 72.13 21 40 0.01148 68.85 20 41 0.01093 65.57 19 42 0.01038 62.30 18 43 0.00984 59.02 17 44 0.00929 55.74 16 45 0.00874 52.46 15 46 0.00820 49.18 sum 37 to 48 mnth 14 47 0.00765 45.90 int rm 13 48 0.00710 42.62 0.12131 727.87 12 49 0.00656 39.34 11 50 0.00601 36.07 10 51 0.00546 32.79 9 52 0.00492 29.51 8 53 0.00437 26.23 7 54 0.00383 22.95 6 55 0.00328 19.67 5 56 0.00273 16.39 4 57 0.00219 13.11 3 58 0.00164 9.84 sum 49 to 60 mnth 2 59 0.00109 6.56 int rm 1 60 0.00055 3.28 0.04262 255.74 total 1.00000 6000 did i get it correct? so the table for respective year interest charged for a 5 year loan is yr1 35.7% yr2 27.9% yr3 20.0% yr4 12.1% yr5 4.3% my table seems different from yours, enlighten me please? the tables somehow does not display correctly, let me try and edit... this is so not table display friendly! hope that the readers can see what the tables mean. 2 cents This post has been edited by mouldybread: Mar 26 2009, 10:47 AM |
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Mar 26 2009, 11:23 AM
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VIP
9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods.
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I think in a way we proved that by paying up the credit card debt by using the amount of "installment amount to be paid to personal loan" is more worthwhile than securing a personal loan to pay down credit card.
Cheers. |
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Mar 26 2009, 05:38 PM
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Junior Member
165 posts Joined: Jan 2003 From: Klang Valley
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Hi... i'm going to appl EON personal loan tommorow. Heard the interest is 7.5%Pa ??? Anyone apply b4??
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Mar 27 2009, 10:15 AM
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Junior Member
117 posts Joined: Sep 2007
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QUOTE(b00n @ Mar 26 2009, 11:23 AM) I think in a way we proved that by paying up the credit card debt by using the amount of "installment amount to be paid to personal loan" is more worthwhile than securing a personal loan to pay down credit card. CORRECT DE MUNDO !!Cheers. thats why i chose Public to reduce my cc debts. they charge 5%...UPFRONT....ONE TIME... eg: u transfer 10k interest payable is 500..n u have to pay upfront thereafter, u simply pay 10,000/24months = 416.67 Total payable = 10,000 + 500 = 10,500 so far the best personal loan that I found is stanchart @8.50% REDUCING or 0.71% per month. Maybank's BT plan is better than Public actually at 0.375% per month but the savings works out to 1.52 per month....quite negligible if u ask me.. This post has been edited by Vieri777: Mar 27 2009, 10:17 AM |
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Mar 27 2009, 08:42 PM
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Senior Member
1,129 posts Joined: Jan 2003 From: Kuching, Sarawak
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ive working with gov (state)..and im just 4 month being there... can i apply for personal loan? i will do salary deduction and provide confirmation letter for this.
p/s: ive tried bank islam but failed.. This post has been edited by NeophyteHeaven: Mar 27 2009, 08:49 PM |
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Mar 28 2009, 12:58 AM
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Junior Member
63 posts Joined: Nov 2008
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Hey, Standard Charted give 8.5% p.a. If interested please leave me a msg
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Mar 28 2009, 03:20 AM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(NeophyteHeaven @ Mar 27 2009, 08:42 PM) ive working with gov (state)..and im just 4 month being there... can i apply for personal loan? i will do salary deduction and provide confirmation letter for this. which dept within the state govt? reason being - some depts may be tagged as a non-tgt market.p/s: ive tried bank islam but failed.. secondly, most of them require 6 months on the job - but with your confirmation letter.....it should be ok. |
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Mar 28 2009, 01:46 PM
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Senior Member
1,129 posts Joined: Jan 2003 From: Kuching, Sarawak
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QUOTE(Phoeni_142 @ Mar 28 2009, 03:20 AM) which dept within the state govt? reason being - some depts may be tagged as a non-tgt market. yea..it listed on target market...but the problem is i just work 4 month.. if not it was np. is there any bank where i can reach for personal loan? coz i want to use money asap..wanna try side business but need $$secondly, most of them require 6 months on the job - but with your confirmation letter.....it should be ok. |
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Apr 1 2009, 03:33 PM
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Junior Member
39 posts Joined: Aug 2006
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Does anyone know any contact of Bank Rakyat loan officer ?
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Apr 1 2009, 09:57 PM
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Senior Member
2,800 posts Joined: Jan 2003 From: KL / SGOR
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QUOTE(colin83 @ Mar 18 2009, 10:53 AM) isnt bank Bank Muamalat juz offer for govenment sector? i ask them they said they offer to military and bomba nia.. direct reject frm front door ... T.T actually bank muamalat only offer PL to goverment servant, selected corporate company, statutory body and ipta....this is a new product being brought up by the bank for the past few month...u can pm me if interested to get extra info...will give u the right number to call later...interest rate is at 5.7% if im not mistaken...This post has been edited by Asus: Apr 1 2009, 09:57 PM |
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Apr 1 2009, 11:52 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(NeophyteHeaven @ Mar 28 2009, 01:46 PM) yea..it listed on target market...but the problem is i just work 4 month.. if not it was np. is there any bank where i can reach for personal loan? coz i want to use money asap..wanna try side business but need $$ Try Bank Rakyat. They have a special p.loan catered for govt servants < 6 months on the job, and not yet confirmed.however, if memory serves - they put a maximum cap on the loan of rm 10K......but pls check. my memory is rusty. Added on April 1, 2009, 11:53 pm QUOTE(colin83 @ Mar 18 2009, 10:53 AM) isnt bank Bank Muamalat juz offer for govenment sector? i ask them they said they offer to military and bomba nia.. direct reject frm front door ... T.T go for alliance bank. currently they have a promotional rate of 5% for govt sector. in terms of rates - it can't get any lower than this in the meantime.This post has been edited by Phoeni_142: Apr 1 2009, 11:53 PM |
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Apr 2 2009, 12:32 AM
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Senior Member
1,129 posts Joined: Jan 2003 From: Kuching, Sarawak
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QUOTE(Phoeni_142 @ Apr 1 2009, 11:52 PM) Try Bank Rakyat. They have a special p.loan catered for govt servants < 6 months on the job, and not yet confirmed. however, if memory serves - they put a maximum cap on the loan of rm 10K......but pls check. my memory is rusty. thanks...ive tried..and seems can..for gov sector under 6 month.. my max is 25k...but i wont need that much.. but need guarantor gov oso..and must have biro angkasa. |
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Apr 2 2009, 01:38 AM
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Junior Member
229 posts Joined: Nov 2004
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for personal loan like BSN, bank rakyat ,
kerja swasta can apply?? or kerja with government only i just applied yesterday at alrajh ... they said 1 week to know approve or not.. |
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Apr 2 2009, 08:34 AM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(obiwankedah @ Apr 2 2009, 01:38 AM) for personal loan like BSN, bank rakyat , for certain ones like bank rakyat and BSN - swasta can apply.kerja swasta can apply?? or kerja with government only i just applied yesterday at alrajh ... they said 1 week to know approve or not.. however - they only do salary deduction. In other words, your HR dept must have a tie up with those banks or agree to have a tie up with those banks. In other words, it's an uphill battle for swasta to apply. If you belong to a GLC company - chances are that it'll be easier. Added on April 2, 2009, 8:35 am QUOTE(NeophyteHeaven @ Apr 2 2009, 12:32 AM) thanks...ive tried..and seems can..for gov sector under 6 month.. my max is 25k...but i wont need that much.. but need guarantor gov oso..and must have biro angkasa. If you're a government servant attached to a government body, chances are your organization will have Biro Angkasa salary deduction code. if in doubt, just check with your dept head or HR. cheers. This post has been edited by Phoeni_142: Apr 2 2009, 08:35 AM |
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Apr 2 2009, 03:05 PM
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Junior Member
229 posts Joined: Nov 2004
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biro angkasa....
it means automatic salary deduction? such a weird name swasta susah la nak apply... This post has been edited by obiwankedah: Apr 2 2009, 06:35 PM |
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Apr 2 2009, 10:25 PM
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Junior Member
63 posts Joined: Nov 2008
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Hey, I got a friend work at Standard Charted
8.5% interest p.a No need guarantor and deposit and approve within 24 hours |
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Apr 2 2009, 10:51 PM
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Junior Member
229 posts Joined: Nov 2004
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yup got sms from al rajhi bank... personal loan approved
in just 3 days time... ok go! pls correct the following if wrong.. Hong Leong bank Affordable monthly installment Loan Amount 2 Years 3 Years 4 Years 5 Years RM5,000 RM258.33 RM188.89 RM154.17 RM133.33 RM10,000 RM516.67 RM377.78 RM308.33 RM266.67 RM20,000 RM1,033.33 RM755.56 RM616.67 RM533.33 RM50,000 RM2,583.33 RM1,888.89 RM1,541.67 RM1,333.33 Note: Interest Rate is flat 1% per month = 12% setahun!!! ================== AL rahji bank 8.5% setahun tapi ada fees la, dalam RM300 processing, stem duti dan insurans okla sini http://www.alrajhibank.com.my/content/arb_...c/pf_calc_b.htm ======================= CIMB FlexiCash "Term Loan" : BLR* + 6.10% per annum (daily rest) * BLR is currently at 5.95% = 12.5% setahun!!! ======================== Standard Chartered http://www.standardchartered.com.my/person...e/en/index.html aku tak faham?? which one? Financing Amount/ Interest Rate 8.50% 10.00% 11.25% 13.50% 17.00% ==================== RHB bank Interest Rate from (p.a.) Tier 1 RM2,000 RM10,000 =13.45%* Tier 2 RM11,000 RM50,000 =11.66%* Tier 3 RM51,000 RM99,000 =9.91%* Tier 4 RM100,000 RM150,000= 6.49%* ======================= HSBC Flat rate from 10% pa ======================== who can tell on maybank's interest for personal loan? thanks This post has been edited by obiwankedah: Apr 3 2009, 01:57 AM |
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Apr 3 2009, 02:07 AM
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Senior Member
731 posts Joined: Jan 2007
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Im interested with Bank Rakyat...gona try to call and ask them(although I dont speak banking language lol)
im a private sector employee, and from the requirement, I shud've passed ngam2...working duration and all.. but private sector also need guarantor? hate this part lol... |
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Apr 3 2009, 02:09 AM
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Junior Member
229 posts Joined: Nov 2004
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private a bit difficult to get... more hassle if with bank rakyat or BSN..
they need the biro angkasa thing... |
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Apr 3 2009, 09:55 AM
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Senior Member
731 posts Joined: Jan 2007
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aiyaaa issit....
my 3 frens are pvt sectors, all oso got max loan...80k ...how they got it T____________________T |
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Apr 3 2009, 10:43 AM
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Newbie
2 posts Joined: Mar 2009
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QUOTE(Krovaxq @ Apr 3 2009, 09:55 AM) aiyaaa issit.... can you ask them? they have to get "penjamin" or not?my 3 frens are pvt sectors, all oso got max loan...80k ...how they got it T____________________T thanks This post has been edited by kawaz750: Apr 3 2009, 10:44 AM |
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Apr 3 2009, 08:38 PM
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Junior Member
32 posts Joined: Apr 2009
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You might get a loan in the present scenario at lower rates.
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Apr 6 2009, 09:43 AM
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Junior Member
26 posts Joined: Jul 2008
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anyone here knows about standard charted personal loan? why there is few interest rates shown on their website?
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Apr 6 2009, 04:16 PM
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Junior Member
117 posts Joined: Sep 2007
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QUOTE(obiwankedah @ Apr 2 2009, 10:51 PM) yup got sms from al rajhi bank... personal loan approved dear obiwan,in just 3 days time... ok go! pls correct the following if wrong.. Hong Leong bank Affordable monthly installment Loan Amount 2 Years 3 Years 4 Years 5 Years RM5,000 RM258.33 RM188.89 RM154.17 RM133.33 RM10,000 RM516.67 RM377.78 RM308.33 RM266.67 RM20,000 RM1,033.33 RM755.56 RM616.67 RM533.33 RM50,000 RM2,583.33 RM1,888.89 RM1,541.67 RM1,333.33 Note: Interest Rate is flat 1% per month = 12% setahun!!! ================== AL rahji bank 8.5% setahun tapi ada fees la, dalam RM300 processing, stem duti dan insurans okla sini http://www.alrajhibank.com.my/content/arb_...c/pf_calc_b.htm ======================= CIMB FlexiCash "Term Loan" : BLR* + 6.10% per annum (daily rest) * BLR is currently at 5.95% = 12.5% setahun!!! ======================== Standard Chartered http://www.standardchartered.com.my/person...e/en/index.html aku tak faham?? which one? Financing Amount/ Interest Rate 8.50% 10.00% 11.25% 13.50% 17.00% ==================== RHB bank Interest Rate from (p.a.) Tier 1 RM2,000 RM10,000 =13.45%* Tier 2 RM11,000 RM50,000 =11.66%* Tier 3 RM51,000 RM99,000 =9.91%* Tier 4 RM100,000 RM150,000= 6.49%* ======================= HSBC Flat rate from 10% pa ======================== who can tell on maybank's interest for personal loan? thanks if compare for eg Hongleong @ 12%pa with normal credit card @ 18%pa...which one u think is better ? And is RHB @13.45% really higher than CIMB @ 12.5%?  rates alone dont tell the whole story...its how they calculate, bro ie whats the effective interest.  and i would rather charge credit card than take Al-Rajhi...unless got no choice laa |
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Apr 6 2009, 05:53 PM
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Junior Member
39 posts Joined: Aug 2006
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QUOTE(obiwankedah @ Apr 2 2009, 10:51 PM) yup got sms from al rajhi bank... personal loan approved Bro... need ur advice. If i want to apply al-rajhi personal loan which step is better :-in just 3 days time... ok go! pls correct the following if wrong.. Hong Leong bank Affordable monthly installment Loan Amount 2 Years 3 Years 4 Years 5 Years RM5,000 RM258.33 RM188.89 RM154.17 RM133.33 RM10,000 RM516.67 RM377.78 RM308.33 RM266.67 RM20,000 RM1,033.33 RM755.56 RM616.67 RM533.33 RM50,000 RM2,583.33 RM1,888.89 RM1,541.67 RM1,333.33 Note: Interest Rate is flat 1% per month = 12% setahun!!! ================== AL rahji bank 8.5% setahun tapi ada fees la, dalam RM300 processing, stem duti dan insurans okla sini http://www.alrajhibank.com.my/content/arb_...c/pf_calc_b.htm ======================= CIMB FlexiCash "Term Loan" : BLR* + 6.10% per annum (daily rest) * BLR is currently at 5.95% = 12.5% setahun!!! ======================== Standard Chartered http://www.standardchartered.com.my/person...e/en/index.html aku tak faham?? which one? Financing Amount/ Interest Rate 8.50% 10.00% 11.25% 13.50% 17.00% ==================== RHB bank Interest Rate from (p.a.) Tier 1 RM2,000 RM10,000 =13.45%* Tier 2 RM11,000 RM50,000 =11.66%* Tier 3 RM51,000 RM99,000 =9.91%* Tier 4 RM100,000 RM150,000= 6.49%* ======================= HSBC Flat rate from 10% pa ======================== who can tell on maybank's interest for personal loan? thanks 1) Online or 2)Visit the branches how much can i apply if my salary is 2.5 K -learning- |
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Apr 6 2009, 11:22 PM
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Senior Member
594 posts Joined: Mar 2005 From: Bowser Koopa Castle
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Bank Islam 5.5% flat for some company. U can ask them. Up to RM150k. And i just took RM30k from Al-Rajhi and RM30k from Hong Leong. Both monthly installment is about the same. Like what the guy said, its all about how they calculate it.
I took Al-Rajhi because i plan to pay back in 2 months and their penalty is only 2 months of interest. Eg. pay full in APR and the penalty is installment for June and July (about 1200). Hong Leong is about the same but they give u rebate. Penalty is around 3k for early settlement. 3k if u pay up before 6 months. I didnt take Bank Islam because they will take about 2 weeks to process loans above 50k |
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Apr 9 2009, 04:25 PM
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Newbie
2 posts Joined: Apr 2009
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hi,
i am ting, i would like o get opinion for u guys regarding the personal loan.i would like to apply personal loan.anyone can give me idea?Thanks. Question:- 1. which bank is easier to get the personal loan? 2. wat is the require thing needed for apply the personal loan? Cheers... Added on April 9, 2009, 4:38 pmhi, i am ting, i would lik to apply personal loan. anyone can give me idea? This post has been edited by yawting: Apr 9 2009, 04:38 PM |
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Apr 10 2009, 11:59 AM
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Junior Member
16 posts Joined: Oct 2004
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Any 1 has took loan from fastloankl. They are license money lender under Kementerian Perumahan & kerajaan Tempatan di bawah Akta Pemberi Pinjaman 1951. Is it safe to take loan from them and are they loan shark hidden under the government? Any 1 have experience taking loan from them?
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Apr 10 2009, 01:04 PM
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Junior Member
324 posts Joined: Apr 2005
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recently i just did personal loan.
comparing all the banks (exclude bank raykat type), foudn that al-rajhi provided me the cheapest %, which is 8.5%. just sharing some info, some others maybe u can consider eon bank 9%. |
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Apr 10 2009, 05:20 PM
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Newbie
2 posts Joined: Apr 2009
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QUOTE(ohho_poon @ Apr 10 2009, 01:04 PM) recently i just did personal loan. Hi,comparing all the banks (exclude bank raykat type), foudn that al-rajhi provided me the cheapest %, which is 8.5%. just sharing some info, some others maybe u can consider eon bank 9%. Thanks yr sharing.may iknow is it easier to apply the personal loan? because i wish to apply. |
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Apr 10 2009, 07:06 PM
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Junior Member
16 posts Joined: Oct 2004
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QUOTE(maxgil05 @ Apr 10 2009, 11:59 AM) Any 1 has took loan from fastloankl. They are license money lender under Kementerian Perumahan & kerajaan Tempatan di bawah Akta Pemberi Pinjaman 1951. Is it safe to take loan from them and are they loan shark hidden under the government? Any 1 have experience taking loan from them? They only offer 1% per month, can they be trusted? |
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Apr 10 2009, 07:51 PM
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Junior Member
324 posts Joined: Apr 2005
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QUOTE(yawting @ Apr 10 2009, 05:20 PM) Hi, that is easy, you can log in to al-rajhi bank. download the form from there.Thanks yr sharing.may iknow is it easier to apply the personal loan? because i wish to apply. after you filled in all the information, you can either email or fax to them. in fact i was scanning the form, and i email it to them in 2-3 working days, they will inform me whether my loan is approved or not. after that there will be somebody call u up, and get back the original form from you, and ask u to sign the relevant document lor... the advantage is, u do not need to go to the branch to do all this, they will have personnel come to meet u up. |
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Apr 10 2009, 09:57 PM
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Junior Member
16 posts Joined: Oct 2004
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QUOTE(ohho_poon @ Apr 10 2009, 07:51 PM) that is easy, you can log in to al-rajhi bank. download the form from there. I want to loan 3k, will al-rajhi bank offer me that amount for 6 months?after you filled in all the information, you can either email or fax to them. in fact i was scanning the form, and i email it to them in 2-3 working days, they will inform me whether my loan is approved or not. after that there will be somebody call u up, and get back the original form from you, and ask u to sign the relevant document lor... the advantage is, u do not need to go to the branch to do all this, they will have personnel come to meet u up. |
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Apr 10 2009, 11:09 PM
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Senior Member
1,068 posts Joined: Jan 2007
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QUOTE(maxgil05 @ Apr 10 2009, 07:06 PM) They only offer 1% per month, can they be trusted? LOL. 12% interest. |
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Apr 11 2009, 02:19 PM
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Junior Member
16 posts Joined: Oct 2004
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Which bank will offer loan for 3k and allow payment in 6 month?
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Apr 12 2009, 05:51 PM
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Junior Member
31 posts Joined: Mar 2009
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how to make a personal loan? my income is RM 1800, and wut is the max amount i can get...
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Apr 13 2009, 02:41 AM
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Junior Member
356 posts Joined: Apr 2005 From: KOKO KOVID
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Hye,iam just working with oil and gas company.4 months.Salary below 3k w/o allowance.If go offshore more money.
Iam just curios max i can apply is how much ar?I would like to apply to top up my marriage fund.around 15-20k more than what i already saved from my personal business. Any agents here??hlep pls |
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Apr 15 2009, 03:09 AM
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Junior Member
144 posts Joined: Feb 2008 From: Penang resides in Kayelll
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Any banks that offers Personal Loan for those whose salary is RM1,800-00 per month?
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Apr 15 2009, 12:58 PM
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Junior Member
324 posts Joined: Apr 2005
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QUOTE(maxgil05 @ Apr 10 2009, 09:57 PM) I want to loan 3k, will al-rajhi bank offer me that amount for 6 months? i dont get you what is the meaming "will al-rajhi bank offer me that amount for 6 months"?as wat i know the max is 5x from your salary. normally 3k should be very easy (i think only). |
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Apr 16 2009, 01:02 PM
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Senior Member
1,392 posts Joined: Nov 2007 From: House
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hello expert... i am planning to apply for p.l with al rajhi.. my gross salary is 2.5k and work with private company almost 1 year..is it ok to apply loan there?? already try with bank rakyat but got some problem with the payment scheme bcoz im working with private sector..with my salary how much can i get for personal loan wit alrajhi?? thanks in advance..
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Apr 16 2009, 02:54 PM
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Junior Member
324 posts Joined: Apr 2005
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sometimes i just wondering many lyns wanna to apply loan, instead of checking forums to ask arround why dont just check through website to see their rate and info, at least you got better guidline rather than just heard ppl say about this that piece here piece there.
Our Al Rajhi Personal Financing-i offers: HIGH trade limit up to 5 times your monthly salary or RM150,000 whichever is lower LONGER repayment period of up to 5 years MINIMAL documentation. NO guarantor. NO penalties for early settlement In Compliance with Al Rajhi Bank (Malaysia) Shariah Standard Requirements Open to all Malaysians aged 21 and above Minimum gross salary of RM2,000 To apply: Step 1 – Fax or email your NRIC, Military ID or Police ID and the Personal Financing-i application form to Al Rajhi Bank Fax No: 03-23326111 Email address: Credit.Processing.Unit-HOTLINE.RCO@alrajhibank.com.my |
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Apr 16 2009, 04:15 PM
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Senior Member
1,392 posts Joined: Nov 2007 From: House
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QUOTE(ohho_poon @ Apr 16 2009, 02:54 PM) sometimes i just wondering many lyns wanna to apply loan, instead of checking forums to ask arround why dont just check through website to see their rate and info, at least you got better guidline rather than just heard ppl say about this that piece here piece there. ty for ur info..i already seen the site..purpose im asking here is bcoz i dont understand about the interest part..maybe here have someone who expert or well known bout this things....or maybe can give a good opinion..thats why we discuss here...espcially for noob in finance like me who dont have any basic in this matter... Our Al Rajhi Personal Financing-i offers: HIGH trade limit up to 5 times your monthly salary or RM150,000 whichever is lower LONGER repayment period of up to 5 years MINIMAL documentation. NO guarantor. NO penalties for early settlement In Compliance with Al Rajhi Bank (Malaysia) Shariah Standard Requirements Open to all Malaysians aged 21 and above Minimum gross salary of RM2,000 To apply: Step 1 – Fax or email your NRIC, Military ID or Police ID and the Personal Financing-i application form to Al Rajhi Bank Fax No: 03-23326111 Email address: Credit.Processing.Unit-HOTLINE.RCO@alrajhibank.com.my |
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Apr 16 2009, 10:28 PM
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Newbie
4 posts Joined: Apr 2009
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QUOTE(IceQTurbo @ Jun 28 2007, 01:00 PM) I am trying to get a personal loan, does anyone knows which bank offer the best rates? HSBS offers flat rate ranging from 10-12% depending on the loan, any other banks which offers better rate? If u wish to start any business or to enhance yr existing working capital, u have my full business mate support. As for better rates, for me any banks that deal under conventional rates....all sama...mcm jerung. For me I recommend any loans thats impose Islamic rates. |
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Apr 17 2009, 11:39 AM
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Junior Member
31 posts Joined: Mar 2009
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i'm currently stil studying but i wanna apply loan to build a business... can somebody help me out here???... beside have a guarantor and ah long...
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Apr 17 2009, 01:36 PM
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VIP
8,788 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(muamua @ Apr 17 2009, 11:39 AM) i'm currently stil studying but i wanna apply loan to build a business... can somebody help me out here???... beside have a guarantor and ah long... You do not have income but you want to borrow? I think it'll be tough unless you have a guarantor. |
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Apr 19 2009, 07:51 PM
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Newbie
1 posts Joined: Apr 2009
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standard chartered bank personal loan is having the best offer now
0.71% per month, no guarantor, no collateral needed furthermore they are doing offer now which is no processing fees + free insurance i have a friend who is doing standchart personal loan give him a call 0174802168 (Mr. Foo) HSBC - 0.85% HongLeong - 0.823% Citibank - 0.9% Alliance - 0.99% OCBC - 1.2% p/s : BLR have nothing to do with personal loan, unless the personal loan is not under SAADIQ (islamic loan) and the BLR now is 5.55% |
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Apr 19 2009, 10:53 PM
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Junior Member
324 posts Joined: Apr 2005
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QUOTE(lupkoon @ Apr 19 2009, 07:51 PM) standard chartered bank personal loan is having the best offer now r u applying this loan? do you hav any more info to share for the standard chartered 0.71% *Terms and conditions apply ?0.71% per month, no guarantor, no collateral needed furthermore they are doing offer now which is no processing fees + free insurance i have a friend who is doing standchart personal loan give him a call 0174802168 (Mr. Foo) HSBC - 0.85% HongLeong - 0.823% Citibank - 0.9% Alliance - 0.99% OCBC - 1.2% p/s : BLR have nothing to do with personal loan, unless the personal loan is not under SAADIQ (islamic loan) and the BLR now is 5.55% after checking the loan repayment schedule, there got Interest Rate 8.50% 10.00% 11.25% 13.50% 17.00% which very much confuse. |
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Apr 20 2009, 11:07 PM
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Junior Member
451 posts Joined: Jan 2006
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a few weeks ago i went to standard chartered. the officer told me that the rate that they are offering is based on our credit record. if we have a clean record with promp payment, they will offer us the lower rate. if we dont have a very clean record, the will be offering higher rate. she said that it is very unlikely we can get the 0.71%. just call them to know more.
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Apr 21 2009, 02:34 AM
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Senior Member
2,525 posts Joined: Jan 2003 From: maranello>sentul
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just wanna crarify....
is it a good idea to take a personal loan to payoff my credit card statement |
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Apr 21 2009, 08:20 AM
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Junior Member
14 posts Joined: Feb 2009
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QUOTE(pilotHans @ Apr 21 2009, 03:34 AM) just wanna crarify.... the Answer is NO is it a good idea to take a personal loan to payoff my credit card statement if you make prompt payment every month, let say the minimun is rm50, but u make at least rm200/month in the end, you can save more compare to the fixed interest from personal loan. |
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Apr 21 2009, 11:46 AM
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Junior Member
59 posts Joined: Feb 2005 From: Penang
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but what if you were to take personal loan and settle for a superbike which is around extra RM15K cash needed. As superbike seldom have loan. Is it worth it?
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Apr 21 2009, 11:59 AM
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Junior Member
388 posts Joined: Oct 2006 From: lrtwey
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QUOTE(InfinityGT @ Apr 21 2009, 11:46 AM) but what if you were to take personal loan and settle for a superbike which is around extra RM15K cash needed. As superbike seldom have loan. Is it worth it? For me, if I really want a superbike or any expensive toys, I will save for one or two years. |
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Apr 21 2009, 12:46 PM
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Junior Member
259 posts Joined: Apr 2006 From: kl
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hi i wanna to ask
i have a personal loan with ocbc... if i want to do early settlement, i need to pay principle + all interst or principle + interest (till the day i settle it) |
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Apr 21 2009, 02:22 PM
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Junior Member
59 posts Joined: Feb 2005 From: Penang
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QUOTE(oumind @ Apr 21 2009, 11:59 AM) For me, if I really want a superbike or any expensive toys, I will save for one or two years. thats the idea in me eventually. Have been saving for quite long and recently got quite a good deal and just lack of 10-15K to go..haih... This post has been edited by InfinityGT: Apr 21 2009, 02:38 PM |
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Apr 21 2009, 11:40 PM
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Junior Member
138 posts Joined: May 2008
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QUOTE(Phoeni_142 @ Mar 13 2009, 07:03 PM) you can believe whatever u want to believe. I have no vested interest in this. If for simple explanation, u just need to use the flat rate x 1.7 times, then u will roughly get the effective rate.If u have a hire purchase - you will understand what I mean. U think u really pay 2% on your new Honda? check out the difference between a flat and effective rate. If your sales person doesn't know what it means - it implies 2 things. 1. They are ignorant. 2. They are pretending to be ignorant. have a nice day. |
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Apr 21 2009, 11:47 PM
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Junior Member
24 posts Joined: Jun 2008
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Hi guys,
Any govt servant wana apply for personal loan?? Alliance bank giving 5% fixed!! veen veen_0809@yahoo.com |
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Apr 22 2009, 12:20 AM
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Junior Member
218 posts Joined: Mar 2007 From: Ipoh, China
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Guys, don't just look at the interest rate of the personal loan.
Pay more attention on the *terms and condition part. I was eyeing to get a loan of RM80K, then i saw this advertisement offered from a local bank, it is 1% flat for personal loan, minimum is 50K. So i was so excited, 1% --> it will mean RM500 only for interest! But after i look at the repayment and calculate the total interest, my eyes pooped! They requirement loan repayment period of 5 years, and RM1333.33 installment each month, if u sum up, RM1333.33 x 12month x 5 years = RM79999.80!!!! Interest = RM29999.80 ! but advertisement interest = 1%* This post has been edited by ohserena: Apr 22 2009, 12:22 AM |
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Apr 22 2009, 11:03 AM
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Senior Member
1,173 posts Joined: Apr 2005 From: Port Dickson
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should be 1% flat per month.
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Apr 22 2009, 04:58 PM
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Junior Member
7 posts Joined: Sep 2007
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Hi,
I have came across the bank islam's new promotion advertisement for PL. 5.1% p.a i have made the following calculations: -------------------------------------------------------- loan amt - RM20K repayment tenure - 3 years int rate (flat) p.a. - 5.1% mth repayment - RM640.56 simple rate p.a - 9.49% EIR - 9.91% -------------------------------------------------------- is it correct to use the EIR (9.49%) here to compare with the credit card rate (13.5%)? if tat is correct, is it worth to take PL? thanks. |
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Apr 22 2009, 07:55 PM
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VIP
9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods.
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QUOTE(aroundyou @ Apr 22 2009, 04:58 PM) Hi, Not really.I have came across the bank islam's new promotion advertisement for PL. 5.1% p.a i have made the following calculations: -------------------------------------------------------- loan amt - RM20K repayment tenure - 3 years int rate (flat) p.a. - 5.1% mth repayment - RM640.56 simple rate p.a - 9.49% EIR - 9.91% -------------------------------------------------------- is it correct to use the EIR (9.49%) here to compare with the credit card rate (13.5%)? if tat is correct, is it worth to take PL? thanks. You have to bare in mind that Credit Card interest is on reducing balance. You just need to compare it in excel and do a simple calculation side by side. Couple of us did it before in the previous pages and seems that CC mostly won over UPL. That is if you have the discipline of not to spend further after you repay. |
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Apr 23 2009, 08:49 AM
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Junior Member
7 posts Joined: Sep 2007
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QUOTE(b00n @ Apr 22 2009, 07:55 PM) Not really. thx for the explanation You have to bare in mind that Credit Card interest is on reducing balance. You just need to compare it in excel and do a simple calculation side by side. Couple of us did it before in the previous pages and seems that CC mostly won over UPL. That is if you have the discipline of not to spend further after you repay. |
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May 4 2009, 10:45 PM
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Senior Member
722 posts Joined: May 2005 From: seremban,kl
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AL Rajhi Personal loan latest interest rate
package A without bank credit card balance transfer 8.5% per annum 0.71% monthly... Package B with bank credit card balance transfer(any amount) 7.99% per annum 0.67% monthly.. for any enquiry pm or contact detail 012-2257116 This post has been edited by theanswerL2: May 4 2009, 10:50 PM |
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May 11 2009, 03:45 PM
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Junior Member
26 posts Joined: May 2009
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i'm interested to apply for PL...any agent here can PM me...thanks
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May 11 2009, 11:19 PM
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Junior Member
328 posts Joined: Jun 2006 From: Wangsa Maju,Hulu Kelang
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Hi..i juz wanna ask people in this forum where can i find da cheapest personal loan rate for government servant?im looking at doing a 30k loan for 9 years.how much will i need to pay monthlu?anyone can help me with this?i cant do a research myself due to da fact dat there r not many bank at my office.only maybank..n da bank is not open when im traveling to my office n its closed when i went back..thank you all for your help in advance
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May 11 2009, 11:29 PM
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Junior Member
64 posts Joined: Mar 2005
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why you no borrow from gomen loan? try bank rakyat , or bank islam
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May 12 2009, 07:41 AM
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Senior Member
1,139 posts Joined: Nov 2008
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bank muamalat also good for govn servant
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May 12 2009, 09:11 AM
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Junior Member
328 posts Joined: Jun 2006 From: Wangsa Maju,Hulu Kelang
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Do you know da rate or details?gomen got personal loan meh?
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May 12 2009, 09:40 AM
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Senior Member
1,749 posts Joined: Oct 2007
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call the bank and ask or visit their website to get more info. I think bank rakyat gives less than 5%. But it is better you clarify with the bank officer.
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May 12 2009, 11:32 AM
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Junior Member
376 posts Joined: Dec 2006
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Better get it fast, saw in The Star today ex TM CEO (uh forgot his name, now some bank CEO iinm) and a few other people asking government to regulate loan interest rates because intense competition between banks causing every bank trying to give better deals than the other.
dunno tho, I may have miss read the article, just glanced through it. |
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May 12 2009, 07:42 PM
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Senior Member
753 posts Joined: Dec 2008
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Go for Alliance Bank. 5% for 15 years - plus 1% cash back.
I think that's the absolutely lowest in the market right now. |
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May 12 2009, 11:45 PM
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Junior Member
26 posts Joined: May 2009
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QUOTE(Phoeni_142 @ May 12 2009, 07:42 PM) Go for Alliance Bank. 5% for 15 years - plus 1% cash back. 15years for PL?wau....damn long period giving..I think that's the absolutely lowest in the market right now. |
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May 14 2009, 12:31 PM
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Senior Member
722 posts Joined: May 2005 From: seremban,kl
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15yrs only for gov staff..but the interest rate serius for 15yr.
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May 15 2009, 11:29 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(theanswerL2 @ May 14 2009, 12:31 PM) 15yrs only for gov staff..but the interest rate serius for 15yr. Friend,your 7.99% Al-Rahji P.loan for government servants is totally uncompetitive. you have lost to all banks in that sense. |
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May 19 2009, 01:10 PM
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Senior Member
2,800 posts Joined: Jan 2003 From: KL / SGOR
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anyone heard bout rhb islamic PL...the profit is 12% (forgot what style they use) and the sales person quote me 5 years installment of RM222.44 only...cheaper than al-rajhi 8.5% (flat rate), 5 years installment of RM237...
any comments on the rhb islamic PL ?? This post has been edited by Asus: May 19 2009, 01:11 PM |
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 May 20 2009, 10:39 AM
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Senior Member
1,406 posts Joined: Dec 2005 From: Kuala Lumpur
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Anyone who really know/experienced and could recommend a personal finance loan, do inform me the plan (no guessing games,please)
my status are as follows to date: - Employed under private company, not government - Salary almost RM2,000 - Confirmation letter by employer received January 2009 - EPF savings started 5 months ago I have already browsed online / phone calls to a few local banks(CIMB, Maybank, BankIslam, etc.), none of their mini personal finance loans could accept me due to one or two requirements (working with company >6months from confirmation date, government servant, asset as guarantor, etc.). The situation I am in right now isn't death threatening, but I would really like to settle some things with this small loan. Does not matter to me the interest %(i understand the APR and fixed rate), as long as not more than RM500 per month for the duration(hoping for 2 years) of repayment. This post has been edited by mooze: May 20 2009, 12:40 PM |
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May 20 2009, 10:58 AM
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Senior Member
561 posts Joined: Feb 2009
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QUOTE(mooze @ May 20 2009, 10:39 AM) Anyone who really know/experienced and could recommend a personal finance loan, do inform me the plan (no guessing games,please) err...!! Hong Leong Bank? Hong Leong Personal Loanmy status are as follows to date: - Employed under private company, not government - Salary almost RM2,000 - Confirmation letter by employer received January 2009 - EPF savings started 5 months ago I have already browsed online / phone calls to a few local banks(CIMB, Maybank, BankIslam, etc.), none of their mini personal finance loans could accept me due to one or two requirements (working with company >6months from confirmation date, government servant, asset as guarantor, etc.). The situation I am in right now isn't death threatening, but I would really like to settle some things with this small loan. Does not matter to me the interest %, as long as not more than RM500 per month for the duration of repayment. http://www.hlb.com.my/pfs/loan/loanpl_f.jsp?flag=loanpl_f |
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May 20 2009, 11:01 AM
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Senior Member
7,194 posts Joined: Jun 2005 From: Sanctuary of Paradise
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Borrow from friends, colleagues or your managers. Return the money to them with interests each month. They'll be glad to be your personal Ah Long minus the hassle. The worse that could happen when you fail to pay back is that you'll lose your friends. But hey, you can always find new friends to leech from them.
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May 20 2009, 11:05 AM
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Senior Member
1,165 posts Joined: Apr 2007
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borrow 10k lol got extra then dont take it out n pay back more
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May 20 2009, 12:32 PM
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Newbie
4 posts Joined: May 2009
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hi all,
if you need some personal loan, just can contact my email or sms to me, our loan can provide 6x of your income salary and till installment 7yrs. my email: kelvinhee@ocbc.com hp: 0163225929 regards, kelvin |
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May 20 2009, 12:38 PM
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Senior Member
1,406 posts Joined: Dec 2005 From: Kuala Lumpur
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QUOTE(Pan84 @ May 20 2009, 10:58 AM) err...!! Hong Leong Bank? Hong Leong Personal Loan called them, they strictly need a creditcard holder or employee with at least RM24,000 income a year(which mine doesn't reach that for now)http://www.hlb.com.my/pfs/loan/loanpl_f.jsp?flag=loanpl_f QUOTE(happy4ever @ May 20 2009, 11:01 AM) Borrow from friends, colleagues or your managers. Return the money to them with interests each month. They'll be glad to be your personal Ah Long minus the hassle. The worse that could happen when you fail to pay back is that you'll lose your friends. But hey, you can always find new friends to leech from them. friends: i would not resort to borrowing money from them even if i know its possible, its just unlawful, unless of course they're my business partners or such to use money to expand work capacity.colleagues(workplace): even they themselves are in tight budget. managers: oh no, never ever do it, i've seen people getting 'out of place' attitudes due to the debt from company. the "persuade them by paying them interest" theory is a no go, its prone to bring relationship problems later as most people 'sign the agreement' by mouth promises, instead of written contract, which make complications later. QUOTE(hoilok @ May 20 2009, 11:05 AM) borrow 10k lol got extra then dont take it out n pay back more weird. |
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May 20 2009, 12:41 PM
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Senior Member
1,647 posts Joined: Sep 2008 From: Marehsia-Bolehland
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QUOTE(mooze @ May 20 2009, 10:39 AM) Anyone who really know/experienced and could recommend a personal finance loan, do inform me the plan (no guessing games,please) i think it is same thought out the banks, as long as you had been confirmed by the employer and have few months pay slip with you. i think it is suffice, but i think Ambank has a better offer which i saw months ago probably you can go and checked it outmy status are as follows to date: - Employed under private company, not government - Salary almost RM2,000 - Confirmation letter by employer received January 2009 - EPF savings started 5 months ago I have already browsed online / phone calls to a few local banks(CIMB, Maybank, BankIslam, etc.), none of their mini personal finance loans could accept me due to one or two requirements (working with company >6months from confirmation date, government servant, asset as guarantor, etc.). The situation I am in right now isn't death threatening, but I would really like to settle some things with this small loan. Does not matter to me the interest %, as long as not more than RM500 per month for the duration of repayment. |
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May 20 2009, 12:46 PM
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Senior Member
1,406 posts Joined: Dec 2005 From: Kuala Lumpur
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QUOTE(omniknight86 @ May 20 2009, 12:41 PM) i think it is same thought out the banks, as long as you had been confirmed by the employer and have few months pay slip with you. i think it is suffice, but i think Ambank has a better offer which i saw months ago probably you can go and checked it out http://www.ambank.com.my/personal/loansfin...financing-i.aspEligibility Open to Government, Semi-Government Agencies, Royal Malaysian Police and Government-Linked Companies' employees between 19 to 58 years of age. - FAILED Minimum 3 months of steady employment (2 years if under contract) with monthly deduction not exceeding 60% of the gross salary. - PASS once again, not possible. This post has been edited by mooze: May 20 2009, 12:47 PM |
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May 20 2009, 12:49 PM
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Junior Member
26 posts Joined: May 2009
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QUOTE(Asus @ May 19 2009, 01:10 PM) anyone heard bout rhb islamic PL...the profit is 12% (forgot what style they use) and the sales person quote me 5 years installment of RM222.44 only...cheaper than al-rajhi 8.5% (flat rate), 5 years installment of RM237... bro RM222.44 and 5years is how much loan u get?any comments on the rhb islamic PL ?? |
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May 20 2009, 12:50 PM
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Senior Member
1,647 posts Joined: Sep 2008 From: Marehsia-Bolehland
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QUOTE(mooze @ May 20 2009, 12:46 PM) http://www.ambank.com.my/personal/loansfin...financing-i.asp like i said, hard to go for loan with Rm2k salary. in other thread someone is promoting HSBC bank loan with very low requirement, probably you can check it outEligibility Open to Government, Semi-Government Agencies, Royal Malaysian Police and Government-Linked Companies' employees between 19 to 58 years of age. - FAILED Minimum 3 months of steady employment (2 years if under contract) with monthly deduction not exceeding 60% of the gross salary. - PASS once again, not possible. |
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May 20 2009, 12:57 PM
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Senior Member
1,406 posts Joined: Dec 2005 From: Kuala Lumpur
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QUOTE(omniknight86 @ May 20 2009, 12:50 PM) like i said, hard to go for loan with Rm2k salary. in other thread someone is promoting HSBC bank loan with very low requirement, probably you can check it out http://www.hsbcamanah.com.my/1/2/personal/...-i-requirements» Click to show Spoiler - click again to hide... « so, another no. i guess i'll stop searching then. have to upgrade my job to a RM2,000+ position. thanks all for your advice. |
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May 20 2009, 01:13 PM
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Junior Member
5 posts Joined: May 2009
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QUOTE(Hybrified @ Jun 29 2007, 05:40 PM) anyone can help me on personal loan .... let me know asap ... Try OCBC Cash Financing-i with offer of 9.5-11.5% flat rate per annum.Attached thumbnail(s) 
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 May 20 2009, 02:53 PM
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Senior Member
1,406 posts Joined: Dec 2005 From: Kuala Lumpur
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UPDATE: initially I opened a thread for this post, but it has been automatically moved into this thread by moderator. i don't mind but i believe my post would be better if its posted in 1st page of this thread. moderator,if u're reading this, please do consider my request. just want to help out people like us with tight budget. thank you.
First of all, I am not a staff of these banks listed below, so please do not forward to me further inquiries about their financial products. What I only did was personally gone through each websites and copied over the links here. I am not responsible for whatever action you will take from here, you have been informed. Proceed at your own risk! The reason this thread is opened is to help people(like myself before this) who wish to know more about Personal Loans(exclude house/car/business/overdraft loans) offered by local banks, rather than only randomly finding out their interest rates or other advantages even before confirming they could even apply for the loan in first. In conclusion, save your time by briefly checking the requirements through the links provided. I do recommend that everyone check out forumer goldfries' thread first before deciding to take out a loan => Personal Financial Management Spend wisely, people! Forgive me if there are any missing/inaccurate/outdated info below. I have tried my best in browsing through their conventional/islamic banking services as some banks offer either or both types of personal loans under those services. For further info, please refer to the main page of banks website and browse through their products pages. Or just call their customer service straight away, best option at hand. Bank Islam http://www.bankislam.com.my/ http://www.bankislam.com.my/Package.aspx 03 26900900 Maybank http://www.maybank2u.com.my/ http://www.maybank2u.com.my/maybankislamic...financing.shtml 1 300 88 6688 CIMB http://www.cimbclicks.com.my/ http://www.cimbislamic.com/index.php?ch=is...ess&tpt=islamic http://www.cimbbank.com.my/index.php?ch=su...9&tpt=cimb_bank 1 300 880 900 Bank Rakyat http://www.bankrakyat.com.my/ http://www.bankrakyat.com.my/web/guest/financingi 03-26129600 Standard Chartered http://www.standardchartered.com.my/ http://www.standardchartered.com.my/person...k-cash-edge/en/ 1 300 880 388 Affin Bank Berhad http://www.affinbank.com.my/ http://www.affinbank.com.my/banking/concredit/conloan9.htm <= only for soon to be retired malaysia army 03-5522 3000 Bank Muamalat http://www.muamalat.com.my/ http://www.muamalat.com.my/index.php?pg=co...32&do=promotion 03-2059 1258 03-2059 1356 Al Rajhi Bank http://www.alrajhibank.com.my/ Click on Personal Banking => Financings => Personal Financing-i 1300 82 6000 HSBC http://www.hsbc.com.my http://www.hsbcamanah.com.my/1/2/personal/...d=MYHA_CPIL_FOM 1 300 80 2428 Alliance Bank http://www.alliancebank.com.my http://www.allianceislamicbank.com.my/cash...ing_i_more.html 03-5516 9988 EON Bank http://www.eonbank.com.my/ http://www.eonbank.com.my/promotions/loans...sonalloan.shtml 03 26161133 AmBank Group http://www.ambg.com.my http://www.ambg.com.my/personal/loansfinan...financing-i.asp 1300 80 8888 Citibank http://www.citibank.com.my/ Personal Loan Not Available (if not mistaken) 603-2383 0000 (KUALA LUMPUR) 604-296 0000 (PENANG) 607-268 0000 (JOHOR BAHRU) 1-800-82-1010 (SABAH & SARAWAK) Hong Leong Bank http://www.hlb.com.my/ http://www.hlb.com.my/pfs/loan/loanpl_f.jsp?flag=loanpl_f 03-76268899 OCBC Bank http://www.ocbc.com.my/ http://www.ocbc.com.my/personal-banking/Is...cid=M6_C3_S2_P1 1-300-88-5000 Public Bank http://www.pbebank.com/ http://www.publicislamicbank.com.my/pibb/e...sonal/bpfi.html 1-800-88-3323 1-800-88-3318 RHB Bank http://www.rhbbank.com.my http://www.rhbbank.com.my/personal/cards/c...cing/index.shtm http://www.rhbislamicbank.com.my/index.asp...rsonalfinancing 03-9206 8118 (WM) 082-276 118 (EM) UOB Bank http://www1.uob.com.my http://www1.uob.com.my/webpages/p_loans_esCash.htm Kuala Lumpur(6) 03-26128 121 Penang(6) 04-2401 121 Johor Bahru(6) 07-2881 121 Kuching(6) 082-287 121 Kota Kinabalu(6) 088-477 121 Footer Note: Personal financial consultants, please do not spam this thread with marketing/promotion posts. If you see any forumers seeking advice, please do directly PM them instead of posting here. Thank you! This post has been edited by mooze: May 20 2009, 03:51 PM |
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May 20 2009, 03:51 PM
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Senior Member
2,800 posts Joined: Jan 2003 From: KL / SGOR
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QUOTE(JScomp @ May 20 2009, 12:49 PM) bro RM222.44 and 5years is how much loan u get? sorry forgot to state that the amount of loan is RM10k for both bank... |
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May 21 2009, 03:20 PM
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Junior Member
5 posts Joined: May 2009
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QUOTE(oucheev @ Oct 3 2007, 02:04 PM) I am trying to find a loan of RM10,000 for a short period of about 1 or 2 months only to exercise my company's IPO. Which personal loan do you think its the best in terms of early settlement. TRY OCBC 30 DAYS FREE TRIAL SAMPLE CASH..ITS FREE-NO INTEREST CHARGE IF YOU CAN FULLY PAY THE LOAN WITHIN 30 DAYS! INTERESTED? PM ME... nurshaznida@ocbc.com |
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May 21 2009, 05:53 PM
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Junior Member
53 posts Joined: Oct 2007 From: KL
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heard from my friend that scb offered 4.99% pl rates. anyone from scb can confirm this?
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May 22 2009, 10:16 PM
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Junior Member
179 posts Joined: Jan 2003 From: KL
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anyone know anything about standard chartered saddiq Personal Financing-i? I try to apply. I use my insurance policy info. Now in 70% stage, most probably will approve. But I'm kind of worry. The interest is 14-30% on reducing balance. Surely it's cheaper than credit card interest (coz I wanna use it to cut my credit card) but reading in this topic, it seems other banks can offer less than 10% per annum.
But the thing is, not sure those banks accept insurance policy info to apply for loan. Plz advice. |
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May 24 2009, 08:59 PM
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Senior Member
1,357 posts Joined: Feb 2007 From: somewhere in Perak...
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i'm not really understand about personal loan..i just want to ask sifu² here...which bank now give the lowest interest and good package for personal loan financing base on monthly payment...and it is applicable for private sector...my salary is above 2k and i don't hv anything to pay (house, car, loan, etc)..i'm planning to use the money to re-invest...hope someone can give idea...
(^___^) |
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May 24 2009, 10:44 PM
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Senior Member
558 posts Joined: Jan 2003 From: HELL
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QUOTE(nash9701 @ May 24 2009, 08:59 PM) i'm not really understand about personal loan..i just want to ask sifu² here...which bank now give the lowest interest and good package for personal loan financing base on monthly payment...and it is applicable for private sector...my salary is above 2k and i don't hv anything to pay (house, car, loan, etc)..i'm planning to use the money to re-invest...hope someone can give idea... personal loan would not fit your purpose unless you can get more return than what personal loan charge you.(^___^) |
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May 25 2009, 12:16 AM
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Junior Member
17 posts Joined: Jun 2007
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May 28 2009, 03:31 PM
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Junior Member
350 posts Joined: Feb 2008 From: Pahang But Now In Penang
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QUOTE(steven910 @ May 25 2009, 12:16 AM) thanks dude... |
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May 28 2009, 06:12 PM
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Senior Member
597 posts Joined: Aug 2008
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QUOTE(HersheezeyL @ May 21 2009, 03:20 PM) TRY OCBC 30 DAYS FREE TRIAL SAMPLE CASH.. wow, is there any advertisement for this? seem like nvr come across before!!!ITS FREE-NO INTEREST CHARGE IF YOU CAN FULLY PAY THE LOAN WITHIN 30 DAYS! INTERESTED? PM ME... nurshaznida@ocbc.com how much the max can loan for this? |
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May 28 2009, 10:37 PM
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Elite
1,701 posts Joined: Jan 2003 From: Setia Alam
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need to ask, currently need some money to start up business. It is wise to refinance my house loan or go for personal loan?
My housing loan still within lock in period. |
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May 29 2009, 02:34 AM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(HersheezeyL @ May 21 2009, 03:20 PM) TRY OCBC 30 DAYS FREE TRIAL SAMPLE CASH.. Your approval rate is so low, and your credit policy is so tight.....I seriously wonder why OCBC is even in the personal financing business.ITS FREE-NO INTEREST CHARGE IF YOU CAN FULLY PAY THE LOAN WITHIN 30 DAYS! INTERESTED? PM ME... nurshaznida@ocbc.com |
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May 29 2009, 12:42 PM
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VIP
8,788 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(smwah @ May 28 2009, 10:37 PM) need to ask, currently need some money to start up business. It is wise to refinance my house loan or go for personal loan? Housing loan is the cheapest because your house (property) is the best collateral.My housing loan still within lock in period. |
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May 30 2009, 05:38 PM
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Senior Member
1,357 posts Joined: Feb 2007 From: somewhere in Perak...
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QUOTE(steven910 @ May 25 2009, 12:16 AM) thanx for the link...(^_____^) |
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May 31 2009, 10:34 AM
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Junior Member
183 posts Joined: Jul 2008
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Better go for local bank. The interest rate is supposed much lower than the international bank.
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Jun 17 2009, 09:44 AM
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Senior Member
1,406 posts Joined: Dec 2005 From: Kuala Lumpur
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QUOTE(sherrina @ May 22 2009, 10:16 PM) But the thing is, not sure those banks accept insurance policy info to apply for loan. Plz advice. isn't it easier to just call them straight away thru customer hotline and ask the banks for accurate & updated info on that?refer to my post for their number: http://forum.lowyat.net/index.php?showtopi...&#entry26026558 QUOTE(nash9701 @ May 24 2009, 08:59 PM) i'm not really understand about personal loan..i just want to ask sifu² here...which bank now give the lowest interest and good package for personal loan financing base on monthly payment...and it is applicable for private sector...my salary is above 2k and i don't hv anything to pay (house, car, loan, etc)..i'm planning to use the money to re-invest...hope someone can give idea... now that you told us the objective of your loan, could u pls elaborate more on how u're gonna re-invest?(^___^) you do realize its most likely that u're not gonna profit if u're planning for short-term deposit(investment) using the loan that has interest on repayments? (income:annual dividends VS cost:accumulated interest monthly payment) though, if its to start-up a business or such, by all means, pls do go ahead. everyone needs to get their hands dirty and experience the entrepreneur stages sooner or later(hopefully not much later,and its okay if u failed the first few steps,learn from it). This post has been edited by mooze: Jun 17 2009, 10:10 AM |
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Jun 19 2009, 10:08 AM
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Junior Member
179 posts Joined: Jan 2003 From: KL
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QUOTE(sherrina @ May 22 2009, 10:16 PM) anyone know anything about standard chartered saddiq Personal Financing-i? I try to apply. I use my insurance policy info. Now in 70% stage, most probably will approve. But I'm kind of worry. The interest is 14-30% on reducing balance. Surely it's cheaper than credit card interest (coz I wanna use it to cut my credit card) but reading in this topic, it seems other banks can offer less than 10% per annum. Just got my loan approved. 20k from Standard chartered. 9.1% per annum on reducing balance (Islamic banking). Now can use the money to close all credit card and pay debts. I use my insurance documents to apply this loan. I thought with my current situation (self-employed, no EPF) hard to apply. But with SC, I can use insurance to apply. But the thing is, not sure those banks accept insurance policy info to apply for loan. Plz advice. |
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Jun 21 2009, 11:02 AM
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Senior Member
1,357 posts Joined: Feb 2007 From: somewhere in Perak...
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QUOTE(mooze @ Jun 17 2009, 09:44 AM) now that you told us the objective of your loan, could u pls elaborate more on how u're gonna re-invest? you do realize its most likely that u're not gonna profit if u're planning for short-term deposit(investment) using the loan that has interest on repayments? (income:annual dividends VS cost:accumulated interest monthly payment) and this is not for short term actually, for long term. The money i planned not to use now, just for investment only. And only certain bank can provide low interest according to their T&C. If not, I want to go as low as i can for the interest, and it must flat rate. (^____^) |
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Jul 2 2009, 09:43 PM
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Junior Member
7 posts Joined: Oct 2007 From: KL
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QUOTE(IceQTurbo @ Jun 28 2007, 01:00 PM) I am trying to get a personal loan, does anyone knows which bank offer the best rates? HSBC offers flat rate ranging from 10-12% depending on the loan, any other banks which offers better rate? I work in OCBC which bank can offer as low as 5.50% but still depends on the borrower income & the loan amount as well.Please call me for more info,Winson at 012-3020 832 Added on July 2, 2009, 10:08 pm QUOTE(HersheezeyL @ May 20 2009, 01:13 PM) Try OCBC Cash Financing-i with offer of 9.5-11.5% flat rate per annum. p/s-I'm working in OCBC.Above rates are quite correct but there are also Fixed 5.50% p.a.,still subject to T&Cplease call me for more info, Winson at 012-3020 832 This post has been edited by winsonloh: Jul 2 2009, 10:08 PM |
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Jul 23 2009, 10:32 AM
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Newbie
2 posts Joined: Sep 2008
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QUOTE(Ian_Mok @ Jul 26 2007, 12:06 PM) any senior/expert here can help? try to check bank islam...bank islam just offer 5.1% p.a for first 3 tearsif i wan to borrow rm10,000, repayment for 2 years which bank offer the best rate? rhb 474.90 permonth hsbc 517 per month hong leong 516.67 per month seems rhb offer the best? any recomendation? Added on July 26, 2007, 12:07 pm where u get da info? i search through hong leong website also cant get this can gimme the link? |
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Jul 29 2009, 09:01 AM
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Junior Member
59 posts Joined: Nov 2008
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i'm working in HSBC Amanah, the personal financing rate is depend which company u r working with oso..certain company HSBC provide extra 0.5-1%... any question o wish to apply,can contact me at 012-7624526 (adi Lee)..Thanks
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Jul 31 2009, 09:44 PM
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Senior Member
1,242 posts Joined: Apr 2006 From: Penang and Ipoh
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now hsbc is so agreesive in giving out loan and credit cards. i apply credit with them last 10 days and now i get the credit card oledi. very fast and efficient. quite high the credit limit oso...
by the way, can i use credit card to apply hsbc personal loan? wats the interest? |
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Jul 31 2009, 09:59 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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QUOTE(NSR @ Jul 31 2009, 09:44 PM) now hsbc is so agreesive in giving out loan and credit cards. i apply credit with them last 10 days and now i get the credit card oledi. very fast and efficient. quite high the credit limit oso... Not sure about that but as long as you have a credit card, then there is a high chance for your personal loan to get approved. by the way, can i use credit card to apply hsbc personal loan? wats the interest? |
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Aug 2 2009, 06:26 PM
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Junior Member
41 posts Joined: Oct 2006
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QUOTE(Icehart @ Jul 31 2009, 09:59 PM) Not sure about that but as long as you have a credit card, then there is a high chance for your personal loan to get approved. Yah..as long as you own a credit card..it's easy to apply personal loan. Well, i'm from OCBC, please call me or sms me (Chin 016-3335956) if you seek any advise or info.This post has been edited by sskillercom: Aug 2 2009, 06:51 PM |
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Aug 3 2009, 03:55 AM
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Junior Member
207 posts Joined: May 2005
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No credit card , no anything bank loan also ....like me is it easy to apply loan???
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Aug 4 2009, 01:59 PM
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Junior Member
167 posts Joined: Oct 2004
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Probably need a personal loan of 40k to build up a business startup adding into the 500k I got as an investment. Currently earning 9k per month. Any personal loan guys/girls?
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Aug 6 2009, 11:03 AM
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Junior Member
59 posts Joined: Nov 2008
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QUOTE(Futurama @ Aug 4 2009, 01:59 PM) Probably need a personal loan of 40k to build up a business startup adding into the 500k I got as an investment. Currently earning 9k per month. Any personal loan guys/girls? i'm adi Lee from HSBC Amanah..012-7624526...Hope i can have a chance to provide u our service.. Added on August 6, 2009, 11:05 am QUOTE(musha01 @ Aug 3 2009, 03:55 AM) No credit card , no anything bank loan also ....like me is it easy to apply loan??? is a bit hard,but for my customers,somes can get...cos sometime the processing dept wil request for other doc to support..i'm adiLee from HSBC Amanah..012-7624526.. This post has been edited by adilee: Aug 6 2009, 11:05 AM |
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Aug 10 2009, 09:16 AM
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Senior Member
4,300 posts Joined: Sep 2006 From: Your girlfriend's bed
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hi, i want to apply loan RM10K a.s.a.p
im located at bandar utama i want to know the montly payment if paid in 2/3/4 years please PM me your offers thanks |
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Aug 10 2009, 11:28 AM
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Senior Member
1,707 posts Joined: Mar 2006
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i think bank islam, bsn & agro bank give better rate ...... around 5.5% per annum. but now sure if application from private sector workers will get the same rate
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Aug 10 2009, 07:05 PM
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Senior Member
2,531 posts Joined: Feb 2009 From: Land below the wind
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QUOTE(sherrina @ Jun 19 2009, 10:08 AM) Just got my loan approved. 20k from Standard chartered. 9.1% per annum on reducing balance (Islamic banking). Now can use the money to close all credit card and pay debts. I use my insurance documents to apply this loan. I thought with my current situation (self-employed, no EPF) hard to apply. But with SC, I can use insurance to apply. wow so high but better then credit card %..but why dun you do balance transfer...some bank have a better % then your personal loan... |
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Aug 10 2009, 10:03 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor
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QUOTE(bob @ Aug 10 2009, 11:28 AM) i think bank islam, bsn & agro bank give better rate ...... around 5.5% per annum. but now sure if application from private sector workers will get the same rate These banks only bumi can apply right? |
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Aug 10 2009, 10:13 PM
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Senior Member
5,379 posts Joined: Jul 2009
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QUOTE(Icehart @ Aug 10 2009, 10:03 PM) These banks only bumi can apply right? no apply to everyone, the best rate is BSN personal loan, 1st 2 years is 3.8% flat, 3-4th year is 4.79%, max amount is RM200K, pls check the website for details |
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Aug 10 2009, 11:59 PM
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Senior Member
753 posts Joined: Dec 2008
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QUOTE(cheahcw2003 @ Aug 10 2009, 10:13 PM) no apply to everyone, the best rate is BSN personal loan, 1st 2 years is 3.8% flat, 3-4th year is 4.79%, max amount is RM200K, pls check the website for details Not true.99% of their loans cater for the government sector via salary deduction. the only private sector which they are willing to do are GLC's. |
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Aug 11 2009, 08:43 AM
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Senior Member
1,006 posts Joined: Mar 2006 From: Proud of Kelantan
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bank rakyat recent campaign is 3.5%, but not sure about private sector and other requirement
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