i've looked at ambank
7% +

bank islam
5.9%

so far bank islam is the lowest.
anybody know any bank that provides a lower rate?

i think max time you can strech is 10 years.

those are for government people only..

RHB i think

1% per month, reducing term ....

1% per month = 12% per year.

so which bank offers the lowest rate for personal loan? Hong Leong, Stand Chart, UOB, OCBC, etc?

12% per year on reducing balance calculation,not flat rate like the other banks are using.
this 12% reducing balance rate,assuming you are paying the same amount monthly,u will get approx. 6.5% to 7.2% p.a flat rate dependent on the duration of the loan.

Public Bank for existing customers @

Financing Rate

a. 7.75% p.a. (BFR + 1.00% p.a.) daily rest
b. 6.75% p.a. (BFR + 0% p.a.) daily rest

Terms and Conditions apply.

http://www.pbebank.com/en/en_content/perso...lamic/pflo.html

@backspace66
is there a calculator
or a loan payment table or something?

most low rate one are for gov staff only... *sigh..

RHB had revised their interested rate, so is not the lowest in the market anymore.

is it?i have go to through their website,and there is no indication of the revised interest rate.maybe they haven't updated their website?

Hi, if u guys r looking for the personal loan, I can help to get it at lower interest if u got credit card. For example, RM10,000 u get for 5 years repayment period, u only payback to ur credit card statement RM222.22 mthly.

By this way, u r more safer compare to Ah Long & u get lower rate from ur loan.

OCBC 9.5-12.5% depends on amount. FIXED RATE.

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Added on June 8, 2008, 2:41 amOCBC 9.5-12.5% depends on amount. FIXED RATE.

This post has been edited by yewkhuay: Jun 8 2008, 02:41 AM

Greetings.
Have anyone check out the HSBC and Standard Chattered bank as well ? Heard that the rates over there isn't that high and easy to get approved.

anybody know max duration?
10 years is max?

As far as I concern for Standard Chattered is approx. 5 to 7 years ...

i want to know also

Is that so?
May i know which bank has the lowest now?

Last month i compared RHB with UOB and .. erm.. i forgotten which banks (those that display their rates and amount payable on their webbie la)

RHB was the lowest among the few i compared..
Taking a RM6000 loan from RHB for 5 yrs, the monthly repayment is the same as taking RM5000 loan from other banks (plus, no early settlement feee etc)

Gonna take up a personal loan soon for the fun of it... lol.... go travel or watever with the money.... it feels bad to be poor for so long.. need to pamper myself..

Yes, RHB personal loan interest rate going to be increase (actually it did). May be citibank is the lowest now - 7.61% - 9.18%

am given to understand Citibank rate only applicable to existing customer. is it true ?