The best Personal Loan for person like me
I want to share a little experience of applying personal loan from Bank in Malaysia.
This is my first time experience applying personal loan in my life. For people working with Non-Goverment Organization like me, the best bank to apply is Al-Rajhi Bank. This bank only require you to provide 3 months pay cheques and also photocopy of your I/C, plus no guarantor require as well as your name is not blacklisted by National bank (Central Credit Reference Information System – CCRIS) or CTOS (Credit Tip Off Services). The total amount of loan that you entitled is 5 times of your net salary. Let say your net salary of the month is RM4k, means you entitle to get max up to RM20k. However, there is some catch that you will not get 100% amount of the money because bank will charge you small amount of money for processing fees includes insurance (in case of you get killed or dead before the debt settle) of the loan, stamp duty (0.5% of the total financing amount) and also delivery charges (RM250.00). All these fees will be deducted from the total loan.
You can submit your application via email, fax or by hand and will get the result of approval within 24 hours via SMS and phone call. Bank officer will call you to make an appointment for settle the rest of the process such as opening bank account, ATM card, cheque book and etc. After opened the bank account, your money will be credit in within 2 working days. Then you can happily start to use the money given ever after.
