I know not many people out there would use a personal loan facility to buy property.

I am thinking of using personal loan facility to buy property because i can avoid paying loan agreement legal and stamp duty, can avoid 6k to 8k charges.

Another reason is the interest rate is 2.15% fixed rate, for government staff.

The last reason is i only need short tenure loan, about 4 years enough to clear off, amount RM250k.

i am not thinking of using cash buy because mostly my money has long ago placed in non bumi asnb fund, so hard to buy.

The question is would I be questioned by inland revenue board for buying with cash? or they would already knew that i am using a personal loan?

What are the downside/disadvantage compare to using bank loan?