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

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)

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.

weird.

http://www.ambank.com.my/personal/loansfin...financing-i.asp

Eligibility
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

http://www.hsbcamanah.com.my/1/2/personal/...-i-requirements


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.

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

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


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