Correction for Alliance bank. Yes, 11.99% p.a is when apply through bank. When apply through agent was 8.99% p.a.

Public Islamic Bank offered 4.99% P.A for 4-15 years tenure.

http://www.publicislamicbank.com.my/pibb/e...sonal/bpfi.html

This post has been edited by almeizer: Mar 22 2010, 03:55 PM

Simple calculation can be use if u know ur loan amount, interest rate and tenure

Loan Amount - 15k
Interest Rate - 10% P.A
Tenure - 5 years

10% x 5 years = 50%
15k + 7.5k (50% Interest of ur loan)
22500 / 60 = 375

I think u mean guarantor? I guess not much different about repayment for loan with or without guarantor. Just the chance for loan to get approve is higher with guarantor.

This post has been edited by almeizer: Mar 25 2010, 02:10 AM

As I know, some banks only require ur photocopy of credit card (front) that used more than 1 year and photocopy of IC. Then fill the application form with correct information.


You can refer to page 52, post number 1031, someone already summarized the latest rate. So choose the bank with ur acceptable rate and easy to reach the bank.

I think most bank require your annual income to be 18k. That's 1.5k per month.

Any bank accept application for Malaysian that work in singapore?


Which bank with 7.76%?

This post has been edited by almeizer: May 6 2010, 06:19 PM

It's mean you only have to pay the amount that u loan (principal) upon early settlement, you don't need to pay the interest of the remaining loan tenure.

Assumed :

Loan : 10k
Interest Rate : 10% P.A
Tenure : 3 years

So you have to pay total 13k in 3 years time. If you do early settlement after 1 year, then you only pay 11k. But most bank will have penalty for early settlement like "RM200 or 3% of remaining principal, whichever higher".

Normally bank only offer 4-6 times of your monthly salary, so I guess you can get 15k only. Mostly maximum tenure offer by bank is 5 years, unless koperasi offer for government servant.

You need to state your monthly income and any commitment like car or house loan.

There is no different for submitting different documents, the interest rate won't be lower. Just more convenience for customer to submit photocopy of credit card only, so you don't need to prepare 3 month pay slip and EPF statement. From your credit card number, bank can know your financial history.

I saw your commitment and credit card debt is quite high, high probability that your loan can't be approve with 20k loan. Maybe you can try 10k. But still depend on ur credit history (ur home loan and cc payment)

How much u borrow? Last time the customer service told me is for 3k below. 3k Above is 24% P.A. I was stunned that time, what she told me different from what I saw from their brochure and website. Then I ask the approved loan can bank into other bank's account, she replied me rudely "sure cannot la, must bank into same bank, use common sense". I told her other bank allow bank into other bank's account and I left immediately. I wonder what kind of common sense she have. Anyway, forgot her name, she's from Pandan Indah branch.

We bring the cash plus financing-i brochure to show her. Yet she still told us her story. Obviously she don't even know her company's product. I got no interest to ask more with her bad attitude.

meaning ur loan approved?

Yes from certain bank with requirement of 18k annual income. Some bank require 24k annual income.

awww got ask their reason? maybe ur commitment too high?

U can try CIMB (8.88% P.A) or citibank (8.45% P.A onwards)... normally early settlement will be charge 2%-3% or 200 (whichever higher)

My experienced told me that you are wrong I applied for alliance bank personal loan and got rejected, they gave me the reason.


Let's say ur commitment almost reach your monthly income, I wonder how could u repay for the new loan?

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Added on September 14, 2010, 6:45 pmIf you had credit card, would be better to cash from it instead of personal loan. With your income could easily get the 5k from your card limit but provided the bank have cash installment feature. Unless your card reached the limit, if that case, hardly you can get approve also.

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Added on September 14, 2010, 6:46 pmSince you are govt staff, you can try look for koperasi like Kowaja, they offer quite low interest, if not mistaken is 2.99% or 3.99% P.A

This post has been edited by almeizer: Sep 14 2010, 06:46 PM

Well, you can try balance transfer among each card if the limit is allow. Because BT interest rate is lower compare to personal loan. Or you can OPT for Fast Cash (withdraw money from credit card and pay installment with low rate, it's not cash advance).

I'm saying all possibilities for credit card.

Well, the only way I can see to get cash is from credit card and personal loan.

After your future wife's debt cleared, then maybe ask her to cancel it and you get a supplementary card for her (if both of you are financial sharing or she is financial dependent).


Not worth to put into ASB or UT.

I use straight forward calculation.

3.88% for 6 months then it's 7.76% P.A.

Assumed ASB return 8% P.A, you earn 0.24% P.A only.

Not to say Unit trust as the return is not guaranteed (might be negative) and their service charge is high.

This post has been edited by almeizer: Sep 29 2010, 11:10 AM

I think they are not from bank as they are marketing company that help those Licensed Money Lender to get potential customer. Maybe you can get their actual company name (not LPS) that offering the service and then check from internet about their background.

I don't think there is personal loan of 150k for employee of private company. You may get up to 200k (high salary) if you are government servant.

This post has been edited by almeizer: Oct 4 2010, 12:18 AM

If u read back previous and this page, u will find out. Normally, it will take 2-3 workings day for you to get money once it's approved. Whole process will take about 1-2 weeks (from apply till get money)