Recently getting rejected from banks when applying personal loan due to high commitment. Then suddenly many bank agencies' ears so powerful can get my contact and keep getting calls from them 1 by 1 almost everyday. Most of them saying can help get even rejected many times then can up 250k lower than 3% which is abit unrealistic since I check from ringgitplus and the bank itself lowest also 5% with promotion. Keep on told them not interested then next one call again 😅

Since they don't give up keep call then I also spy some of the information. Majority of them will charge 18% of total loan and recently got another 2 is 15% and another talk theory like doctor to me 🤦

Back to low interest rate, mostly they will say they know some bank officer can get the lowest rate. Even though I am having financial difficulties, I am still not trust what they mentioned. Even though having high commitment, I am still able to pay with majority of credit cards usage are installments then they are saying I can't manage my financial 😴

Anyone really try loan/consolidate via bank agency? Please share because I also have 2 personal loan with very interest looking to switch to lower interest but so far I still doing fine without switching

No such thing as bank agency , those are third party agency that do doggy thing to get yr loan approved.

They could be unlicensed or worst along

They charge 15% to 18% of total loan? Who can afford that?

That like standard rate for those agency.

Sounds like Ah Long, Looks like Ah Long, Talks like Ah Long.

I think it's Ah Long!

TS beware don't falls into trap.

itu rate p.a rasanya.

mintak table schedule plan dengan dia la. dari situ u kira tengok.
yang aku tau 3-4% ni kalau bank rakyat / mbsb tapi for goverment sector only.

Be careful. Sometimes it’s low rate on first 1k or something only. Always ask for payment schedule then calculate yourself.

Seem like keeping a number for other thing is ideal

They are third party lenders: some may be licensed, some may not be. Anyways, please don’t be desperate enough to sign up with them…you can always consolidate your credit card debt through AKPK to ease your financial burden. There’s a thread in the finance section that talks about this.

Housing loan, with the house as collateral pun lowest at around 3.05%. How can personal loan get 3% interest?

Try do part time grab to settle your debt early before it become worst instead of apply new loan.

Lowest cash offer unker found is 2.78% for 2 yrs from CC, but is loyalty promotion. Tied to credit limit tho, so cant get big big amount.

A lot of scams nowdays. Many insiders helping scammers. Many loan scams.

Bank agency i block 30 number lao

talk % no use....b4 sign any letter SEE READ CLEARLY %

Beware the footnote!!!!

*Note: % of interest is compounding base on hourly, daily and monthly.

Ts, i work in financial industry. Those calls u get mostly are scammers or loan shark. dont fall into the trap. Even if those so-called "bank agents" managed to get loans for u by doing dodgy stuff, they usually charge insane fees (up to 20% on loan amount) which leave you in even worse financial position. In many cases, you'll be better off by simply declaring bankrupt

You got rejected. It's a sign. Stop loaning.

Taking one loan to cover your 2 personal loan probably gives no savings and make it worse. Reach out to AKPK for advice. You probably have not reach the level of needing AKPK help but advice is useful. And learn some basic financial maths while you are at it.

You need to stop taking loans & serve what your outstanding first, seriously.

Smells like one of the bankers leaked /sell your personal info to earn "side income".

this is nice. lowest now i got is only 4.88%. what bank offer that rate to u?

HLB online promo ah.. u just eConnect apply jer

Ambank offering 3.38% if not wrong for their CC atm. I reject cause got HLB one

CIMB 3.98% last they spam me

This is flat rate ah.. effective is add about 50% la

This post has been edited by Dezs: Jun 28 2022, 03:24 PM

wah very nice 1. i will try.

i still dont understand effective and the flat rate.


when i calculated back based on the repayment schedule, memang dapat flat rate. so apa guna effective rate?

Flat rate is based on a fixed interest a year, effective is the real amount of interest you pay against the cash undertaken.

The flat is applied as said.. flat across your grand total regardless of how much u have settled, your final month, your fee is also same flat rate (but the ratio of principal to interest settlement will vary la). Think of it like car loan, 3% a year against 50k for 5 yrs. even if you finish off paying 40k, u still pay 3% interest vs grand total for the final year. Easy way to understand. deswai effective rate is always higher than flat.

Normally loans reduce interest as you pay off your balance, but flat remains the same, or as it says, is flat upfront, easier to calculate, and also looks nicer on paper - hence probably.

I would say its the bank jargon that we don't need to care about ya.


Currently looking around for sign up bonus for hlb.. Not so interesting