What sorcery is this? Do u have any idea how they do it? Hire purchase interest is still flat rate for now. This is borderline suicidal
Means ...let's say Mercedes e300 2015 worth rm70k on bank value ,but the used car only sell you rm33k . He help apply loan rm70k ....than the balance you cash out lo.
Usually they do this with branded cold demand car with hybrid battery.(most of time ).
Win-win situation ....used car dealerships earn money ,you get the money via Cashback. Who care how interest rate as that person already desperate for money .
This one last time very much people do. Now ,sorry won't work as banks all link system and can see your payment and debt ratio. Business loan ,bank will see your company performance,if they feel you cannot cover 😅,they will cut your credit score and recall loan ,make loan terms shorter with higher interest etc etc . Sometimes they also see husband financial status.
My friends recently applied for corporate loan ,apply 200k but you know how much bank approved ? Rm15k shja.
Of course got 3th party help you build up your credit score by issues you salary and also pay epf(their abc shell company). But I heard is not cheap , as they will take 20-30% cut from the loan approved.
Yea, this year can see from the news, many Bankers kena tangkap sprm for taking bribes to approve loans
Last time kenal a type-M contractor, thanks to bumi privilege, he dapat many small scale majlis job.
But toward his latter years, he specialized in helping civil servant tipu Govt loan. 30k job, he manipulate the numbers to help them get 50-60k loan, his fee RM2-5k on the excess part, while also profit from the reno works.
From here u can tell how many M'sian sanggup pay to get loan.
Joined: May 2012
From: On bed blindfolded, with both arms and legs tied.
QUOTE(MR_alien @ Nov 25 2025, 04:48 PM)
yet another one that think that way which again leads to bankruptcy
RM1.5k per month which means household income need to be AT LEAST RM4.5k per month that's just the mortgage
not yet including fire insurance(most basic), cukai pintu, renovation, downpayment, stamp duty some are one time cost which u need to pay upfront, some are yearly payment
unless u really just wanna buy a 4 walled brick only
same as buying a car, it's not just the car alone...there is a whole lot more cost behind the scene waiting for you
kannnn... imo late baby boomers gen & whole gen-x is the sweet spot to get big asset, millennial gen can barely get it single handedly, those that don't & once u get past 40... you better be high income by that time or you husband-waifu join income liao.
i remember some angmoh netizen layout income vs asset and it is very clear that beyond gen z pretty much GG just from entry point alone.
Yesterday, 08:12 PM
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