for goodness sake!!! Why r u ppl here applying for personal loans?? Come-on, some of u only earn RM800 - 1300.... have u ever wonder what went wrong? What the heck happened? Overspend? GF wanna buy LV handbag? CC bills? Getting married? Renovation?

Instead of personal loans thread, can you guys go thru those "how to save $$" threads and do something for your future? For your own sake

1) overspend? - what the heck happened? Cant even resist temptation? Why not save enough $$ b4 buying it? Eg. If wanna buy a RM1200 watch/handbag, save RM100 every month, then 1 year later only buy!! (chances are, some might not even buy after 1 year of savings.... this is a way to deter emotional spending)

2) GF wanna buy expensive stuffs? - if she is like that, better find another gf... if u marry her, your life is ruined!! Your name in CTOS someday!!

3) CC bills? - no need to get personal loan to settle it. Just cut your card, pay minimum payment every month.. it will be fully settled in about 24months. If you wanna save more interest, do Balance transfer instead.... NO PERSONAL LOAN pls... interest higher than CC

4) Getting married? refer # 1

5) If biz is a sure win, go ahead and do it.. else dont bother... coz if biz cant tahan for 6 months, then close shop, or get into more borrowings,,, sure bankrupt 1 day!!

6) Renovation? - come-on... your hse is so much better than 90% of the population in India!! If got $$, then by all means, have a better life... but to borrow personal loans for this?? Get real

go learn more on money management, B4 filling up that personal loan form

oh yah, for those who earns 800-1300 and u r smoking, go find a mirror and slap yourself twice in front of it.... 30 packs a month X RM10 = RM300 ... enough for you to pay installment for a brand new car!! Look cool for smoking? Think again

why r u so sensitive? If i open a thread on saving $$, do u think ppl who wanna apply for personal loan will open it?? Can you look at it that I might be giving advice to ppl who MIGHT be getting the loan for the WRONG purpose?? Hey, a person earning RM800-1300 is applying for personal loan here. If they are in debt already, then they are digging a deeper hole by applying another personal loan. If they are not in debt yet, then maybe someone like me should voice out and open up their eyes!!

I DIDNT say ppl should NOT apply for personal loan... read carefully!! My point was if they apply for the wrong purpose, then its not wise! Yes things can go wrong somewhere and they need money to make up for it... is renovation part of that something go wrong? Is buying a LV handbag for GF something went wrong? !! U did not read my post properly and simply shoot. Dont u know that 80% of the ppl who ends up in bankruptcy (due to cc/personal loans) are because of ppl like YOU who dont even know what u're getting your feet into?

If your children ask for a box of condom, do you just give it to them and tell them "take this condom, you need it to protect yourself from something wrong" .... or do you pull him/her to sit down and start to educate them on sex education and its responsibility?

p/s : jessecca, Interest yes, all personal loans have this... But processing fees and stamp duties are NOT COMMON. I wonder who is giving advice here!! A FIRST time personal loan applicant? Or a person with personal loans with all the banks who charged her processing fees/stamp duties? Or a personal loan sales officer whose loan has processing fee/stamp duty????

This post has been edited by nemoexcel: Nov 10 2010, 11:56 AM

lol..... in that case, i wont apply for SCB plat .. how much limit they gave u? RM15K? ... lol