Personal Loan, which banks offer the best deal?
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 Jan 14 2009, 08:34 PM
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#1
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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, 09:00 PM
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#2
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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, 09:10 PM
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#3
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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 15 2009, 03:04 PM
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#4
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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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