Just went to a few banks to enquire on the rates for personal loan during office lunch time just now. Hope I remember it all :

RHB : At least 11.74% per annum. You may borrow up to 5 times your gross salary without a guarantor. They have 2 tiers, and from what I understand, the shorter your loan tenure, the lower the interest rates. But the lowest you can go is 11.74%. You may get 3.xx% if your loan amount is more than RM100k.

BSN : 3.5% I think, and if you are a working for a private company, your salary must be at least RM6000 per month

Hong Leong : 1% per month, 12% per annum. If you pay promptly for 7 months, you will get 20% cash back.

MBB : Didn't ask

Public bank : Only for civil servants. Didn't ask about the rate

CIMB : 8.88% per annum

Bank Rakyat : 3.25%. Only for civil servants or if your company is in their list of panel companies.

Bank Islam : Tenure for 1-3 years : 6.0%, 4-8yrs : 6.8%, 9-10 yrs : 7.0%

Hope this helps!

If you take hong leong's loan of 12% per annum and then plus the 20% savings cash back, your interest rate will be 9.6% if your calculate. This is wat the bank staff said

I applied at Bank Islam for RM30k. I told the idiotic officer that I want to borrow for 3 years to settle my outstanding credit card amount of RM20k. She said can, no problem, and proceed to calculate my financial details. Here's what i have :

Car loan = 0

Housing loan = RM 1200, but since the house under 2 names, so it's assumed that i only pay RM600. This is what she told me

PTPN = She said no need.

So she said, ok, can, no problem, can apply, and i handed in all my documents.

One week later, i call the bank officer up and ask her the status, she said rejected coz commitment to high. WTF? She said can, now said cannot. Nvm, I applied for 5 years instead. Called another week later, and she still said rejected. I asked why? She said commitment too high, then I said I told her before that I borrow to settle my credit card bills, and she herself to me the bank can help me to settle the credit card bills directly, and if I do it this way, it'll be easier to borrow from the bank.

So I tried to apply for 8 years this time, and guess what, another week later, rejected again coz commitment too high. So disappointed with this bank. I already stated in the beginning that I borrow to settle credit card bills, and the stupid bank officer say it can be done, with Bank Islam settling my debts directly with the credit card companies. Wasted my whole time running up and down just to apply for this stupid loan

I borrow 30k because I need the extra cash to do some side projects. But come to think of it, since borrow 30k for 8 years also rejected, I'm not surprised that I'll get rejected even if i borrow for 20k

---

Added on June 4, 2010, 11:14 amWhat's the interest rate from Al-Rajhi Bank?

This post has been edited by munchinks: Jun 4 2010, 11:14 AM

I applied for a personal loan of RM14k with CIMB also rejected. I think it's because my CC debt is too high. Haih....dunno what to do now

which bank are u from? dun just put XXX ok

---

Added on July 27, 2010, 11:52 amand i plan to apply 15-20k loan, tried with Bank Islam and CIMB both also rejected

This post has been edited by munchinks: Jul 27 2010, 11:52 AM

I have tried securing personal loan from Bank Islam, CIMB, Stand Chart, OCBC, MBB, and all got rejected.

Really feel like going to an ah long and borrow now...

haven't yet. how do i go and apply? just go to any rhb easy outlet and ask?



what is the interest rates they're offering ?

I also applied with MBB,CIMB,HSBC,Standard Chartered, Bank Islam,Al-Rajhi, Citibank, all failed.

Saw a RHB Easy outlet, walked in, passed them my IC, and got a 10k loan on the spot.