This licensed money lender, do they operate like how ah longs operate?

anyone knows? need some advice

i perfer going to bank for loan....

think is, i think the bank will reject my loan,

i have outstanding credit card bills amounting to a few thousands... (more than 5 less than 10).. so yea..

does anyone here know about personal loan dat banks offers to public? does anyone here ever tried?

You could still try the bank. High outstanding amounts may be still alright as long as your credit is not overextended depending on the bank's criteria.

However if you frequently pay late then it is a different story.

Come on. Even Ah Long also operate like Banks.
Only that the interest they charged is mind-boggling.
Cos the nature of the business is high risk.

Actually, licensed money lender is also supported by Bank.
Cases which the Bank felt are too risky, they'd recommend it to money lender.

One with not much collateral, no chance with Banks. So either money lender or ah long.
There's a reason licensed money lender exist.

i think no...coz ah long really compound the interest rate and make u pay back by force with draging all ur relative in!!!!!!!!

anyone know which licensed money lender can recomended ??

hmm... i heard of kinros ... not sure if it's ok or not..

how about those ads published in the newspaper? trustable? as in they wont make trouble for u and pull your relatives in?

but most need can deduct salary from angkasa wan

if auto deduct from bank i sure take

i've asked some, and normaly they only provide 1 month salary loan for u

if need more then need collateral ....

when they advertise sure put no need collateral, but its not true

As far as I know, license money lender - with gurantor 12%, withour gurantor 18%.
Ah Long - 40% and above !!

my definition


bank - licensed Ah Long .

atleast bank won't ask u to return money while holding a knife in another hand..

i think alrajhi bank have easy loan....

This post has been edited by GSPierre: Aug 6 2007, 10:12 AM

who know licensed money lender can loan at least 5X my salary if i contract staff

Taken from http://www.alrajhibank.com.my/index.cfm?sc=58&cm=23

"Personal Financing-i

Al Rajhi Personal Financing-i is an easy way of attaining a personal trade finance facility to purchase any merchandise traded by the Bank. You may trade as many times as you like up to the line of trade granted by the bank to you. All the purchases from the bank are on deferred payment basis, and you can use or dispose the merchandise as you please once the sales contract is executed. This would include the sale of the purchased merchandise to any party as you like for you to raise cash for your personal needs"

hmmm.. i dont understand wat trade wat trade la.. hahaha... if it's personal loan, just say personal loan ma.. rite o not?

free bump for more assistance

For the loan application from Kinros you just need to submit your latest 3 months pay slip, epf statement, utilities bill and photocopy of your ic. Approval within 1 day.

*by the way, Kinros is a licensed moneylender, they won't ask you to return money while holding a knife in another hand... >.<

You applied loan from them to cover your card debts? How's the interest?

try to have session with http://www.akpk.org.my/