PERSONAL LOAN MALAYSIA
When you call a personal loan or personal financing ni, all made
follow a fixed rate. Rarely do I see, give personal bank loan and
changed variable rate housing loan types.
All you need to understand is that, to distinguish real loankadar (effective rate or April
rate) that
cheapest, you have to check, not a fixed rate or rates of the BLR.
Because I find, many banks / promoters when banks promote personal
Posted loan, do not expose the real effective rate loan, especially
all islamic financing schemes (rare because there is a personal loan
conventional). They campaign, using a fixed nominal value,
the fixed rate in name only, not actual rate. Customer
remember that cheap, but the actual rate is 2x double.
For example, Al-Rajhi loan to take loan of RM11, 000 for 5 years in
fixed rate of 8% per annum (8% promotion last raya, normal rate 8.5%
year), the rate is actually more than 14% a year (they're 8%)
or 14.92% per year (they're 8.5% per annum). Take a loan of RM11, 000
for 5 years at a rate of 8% per annum, monthly installment is RM256
a month.
If you take a housing loan, BLR up to 14% per year would you
into a rage and depression. But personal loan to be 14% -15%, almost
kinds of high interest credit cards, we do not mind the causes
thought it was a low 8% per annum.
If you do not believe, try using a regular loan calculator housing, parking
loan amount of RM11, 000 for 5 years at a rate of 14% per annum, and you
will be equal monthly installments, THE RM256 PER MONTH. Chance?
NOT? This is what many people do not know.
Therefore, before taking a personal loan, carefully thought worthwhile to
take a personal loan. If for urgent needs, for capital
guaranteed business returns more than 15% per annum or to
transfer of credit card debt to a personal high interestnya
loan, do not worry, jugak.
If only-just take a personal loan to meet the tastes and
own desire, in my search of a problem, because you
I manage CASH FLOWS (monthly cash-flow) well, so
had to spend the debt exceeds the monthly income.
Here is the actual profit rate for all popular bank
Of Malaysia. This is just a simple comparison, intended for reference
the public. Not to discredit any of the bank deteriorated.
Interbank Rates Personal Financing
* Note = the actual rate in April the following should be taken into account processing
different inter-bank fees.
1. Bank Rakyat Aslah Financing-i (Post dated Cheques - Private)
Funding Period (year)
Bank Rakyat's Membership 2-3 4-5 6-7
Member 6.80% 6.85% 6.90%
Non-Member 6.85% 6.90% 7.00%
* Actual Rate (APR) Islamic Banking Personal Financing = 12.25% per annum
to 5 years
2. Bank Rakyat Aslah Financing-i (For Civil Servants / Statutory)
Space Bureau facilities - CPA / Salary Deduction From Employer)
Funding Period (year)
Bank Rakyat's Membership <3 4-5 6-7 8-10
Member 5.60% 5.80% 5.85% 5.90%
Non-Member 5.65% 5.85% 5.90% 5.95%
* Actual Rate (APR) Islamic Banking Personal Financing = 10:50% per annum
for 5 years.
Personal Islamic Bank Financing
Profit Margin
Personal financing - Nominal Fixed Rate
1-5 years
6.8% a year 6-7 years 7.0% per annum
* Actual Rate (APR) Islamic Banking Personal Financing = 12:15% per annum
to 5 years
RHB Personal Financing
Profit Margin
Personal financing - Reducing Balance Method
1-7 years 1% per month
* Actual Rate (APR) RHB Personal Financing = 12:10% per year for 5 years
Standard Chartered Saadiq Personal Financing
Profit Margin
Personal financing - Nominal Fixed Rate 1-5 years 0.71% per month
* Actual Rate (APR) SCB Saadiq Personal Financing = 14:10% per annum
to 5 years
Al-Rajhi Personal Financing
Profit Margin
Personal financing - Nominal Fixed Rate 2-5 years
The normal
8.50% per annum
* Actual Rate (APR) Al-Rajhi Personal Financing = 14.92% per annum
to 5 years
Al-Rajhi Personal Financing
Profit Margin
Personal financing - Nominal Fixed Rate 2-5 years
Promotional rates
8.00% per annum
* Actual Rate (APR) Al-Rajhi Personal Financing = 14:00% per annum
to 5 years
