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 Should I make a personal loan?, only 10K for 5 years?

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gashout
post Jan 25 2023, 12:25 PM

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QUOTE(syusham431 @ Jan 25 2023, 12:00 PM)
As per topic, posting this for clarity before making any decisions, Currently in a dilemma due to need fast cash money but able to pay back, got a steady job, just need around 10k to get by.  What do you guys think? This is my first time making a personal loan, before this bought a superbike and just paid everything off with Aeon. 

Got a credit card but pay it nicely every month with Maybank. 

My salary is around 2.5K above if have OT can make more.  Recently just bought a house but that's another 3 years for the completion of the project.  Will my loan application go through??

My parents got money but its not sounded responsible for a grown up man in his 30's making a loan with their parents don't you think??

what should I do??  confused.gif  sweat.gif  hmm.gif  hmm.gif
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nothing wrong with personal loan

i have personal loan of 250k.

so long you can pay, its ok.
gashout
post Jan 25 2023, 01:33 PM

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people here have no problem taking credit card and be on a 18% interest debt,

and house loan and car loan for 35 years and 9 years. with your house interest end up around same price as your house.

but have problems with people taking personal loan of 10k for 5 years? where the interest will only be 1k+.

enlighten me, everyone.

rule 1: if you can pay back, no problem taking it. it's called personal loan.

don't ask for family help too much, it gets ugly when matters do bad. and you owe them forever.

This post has been edited by gashout: Jan 25 2023, 01:34 PM
gashout
post Jan 25 2023, 01:53 PM

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QUOTE(WaCKy-Angel @ Jan 25 2023, 01:38 PM)
Coz the problem with taking loan is when u already enjoy getting money, u will probably thinking u can spend more hence taking another loan, and another and another until u cant pay back.
Worse case scenario lah sell property or AKPK lo
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thats your assumption

i dont see people say the same about house and car loan and credit card.

gashout
post Jan 25 2023, 02:09 PM

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QUOTE(syusham431 @ Jan 25 2023, 01:58 PM)
recommend a bank can or not??  hmm.gif  icon_question.gif
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try bank islam

they are good



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