Not a wise move. Honestly if you're already making good payments on time continuously for your car loan, your credit score would be pretty good. Personal loan should not be used to boost credit score because of its high interest rate and high fees.

Also, at 12 months tenure any credit score you earn will become wiped out after 12 months, because once personal loan paid off it'll be closed and won't be weighed as much when it comes to your capability to manage debt. Read more here: https://www.experian.com/blogs/ask-experian...help-my-credit/

And assuming the lowest offered interest rates on the market it's around RM450 monthly instalments, which would put your DSR in an uncomfortable position so it'll affect your ability to apply loan during these 12 months anyway. If you don't need the loan for anything it's incredibly wasteful.

Using FD as collateral instead with credit limit of 2x of the FD pledged

I been doing that for so many donkey years already

Why bother getting personal loan when you can get credit card instead with lower interest on personal loan

With your earnings no banks will lend to you as you are most likely to be a risk to default on your loans unless you have a guarantor or FD as collateral instead

15% per annum will kill your earnings on personal loan

Learn on how to invest instead and once you grow your investment then your credit score will rise instead 

not sure if this is a concern,....this just came to mind.

if you pledge your FD and the CC limit is max to your pledged FD value....
this then will like a debit card,...then will this kind of CC helps in getting into the Credit score card?

technically the bank does not "lend" you any credit at all.....thus "should not be" in the Ctos/ccris score card...

need to explore more.....

Investment has nothing to do with credit score...it won't help him there. He just needs to pledge FD for a credit card and it'll improve his credit score as long as he keeps the utilization low. Even if he doesn't use it at all, just having a credit card active will boost his credit score up to a certain tier as long as he doesn't close it. A higher limit means he can roll the balance every month and pay it off at the last second to improve cashflow. This won't work as well if he has a higher usage which is over 33% of his credit limit since it'll drop his credit score even if he pays it off in full every due date.

Somewhat on topic since it relates to an issue I've had recently. I'm not sure when the CCRIS history updates every month so maybe someone with more experience can chip in there since I've noticed that paying off 2 weeks early didn't do squat since Experian combined both months' balances into one for this month and dropped my credit score even though the actual utilization is way below 33% on my Visa because I paid it off early. According to the website the CCRIS should update on the 15th. I paid the previous statement outstanding on the 3rd and yet somehow on 19th (when Experian updated my report) it still combined my previous statement balance (fully paid 2 weeks prior) with the outstanding. I don't understand where the issue is 
Of course. You don't need income if you pledge FD. Just make sure you don't get an idiot handling your application. Sure kena reject one if they apply through income instead of FD... Otherwise 100% confirm lulus.
It's a credit card. It's not even remotely close to being a debit card. This is called secured credit. The bank is extending a line of credit to you because you have an asset backing that credit. The FD is basically not even in the equation unless you fail to make multiple payments in which case the bank will liquidate your FD to pay off your outstanding balance. In a way it's the safest way to leverage debt since both parties basically have no risk. It's the same story with certain business loans for SMEs. Some companies won't normally qualify for certain loans which is why they pledge FD in order to get credit from banks.
No. Those are just normal FDs. FDs need to be pledged in order to qualify for a credit card or a loan. That means you can't uplift it online and you need to go to a branch to cancel the CC and free up your FD again. Otherwise anyone with FD would qualify for a credit card regardless of their income. Malaysia isn't like the US where anyone with a pulse can get a credit card. BNM is pretty strict with the requirements, i.e - 2k minimum income for the shittiest cards like Aeon and the credit limit being 2x your monthly income if you make below a certain level.