Licensed money lender also got 2 type .... one is really legal, the other one is along-wannabe ...

Funny thing is, each different lender provide different rules.

There is one i inquiry them. You need to pay them rm100 each day for 5 consecutive days and they will loan you. Its to gain the trust lol ....

Those lender like Kinros i would consider as legal. But there are too much charge and interest

How much their interest and processing fee ?

I believe that would cost a bomb especially on processing part

Oh yea, forgot to mention

as for the loan above, any collateral needed ?

In fact, as long as there is certified licensed by government, it is consider legal.

I believe the term illegal is due to human phycology only lolz ..

for me, I'll still prefer bank