Apr 15 2008, 08:37 AM
QUOTE(jameslee_84 @ Apr 15 2008, 01:03 AM)
Well, I applied for a Standard Chartered Personal Loan with my existing car loan from EON Bank (secured with my parents as guarantor) and I got rejected because of my CTOS status (trying to clarify the reason officially). I have been paying my car loan steadily every month as I have my statement as proof but I still got rejected because of CTOS. The only reason I can think of is because I defaulted my motorcycle bought when I was age 19 in university. That time I paid only about half of it before I defaulted. I assume the amount now should not be a lot too as the bike then was about RM2000 only. If I can get this personal loan of RM10000 approved I'd definitely clear off my CTOS status.
But I need help as is there any other way I can secure this loan without looking at my CTOS? I have some friends telling me since I was a constant and good payer with EON Bank there are certain ways I can get it approved.
Anyone can help?
CTOS is just one of your problems.But I need help as is there any other way I can secure this loan without looking at my CTOS? I have some friends telling me since I was a constant and good payer with EON Bank there are certain ways I can get it approved.
Anyone can help?
They will look into your monthly income, minus off all other commitments you have, like your car loan, credit card outstandings etc etc.
If your monthly income is too low, they will surely reject.
Besides, you have your parents as guarantor for your car loan? Seems like your income is very low.
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