July 2020 - Direct Lending Malaysia

Month: July 2020

5 Steps To Reduce Your Monthly Debt Commitment

(This article was originally published on the 27th February 2018 and updated on the 20th  July 2020).  A critical component of personal finance is avoiding debt build up. Debt management is a growing concern of many in Malaysia. One of the major reasons why financial liabilities are growing in alarming proportions is the unrestrained use …

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Press release: SERV and Direct Lending, team up to provide financial relief to aftermarket businesses, rejuvenating the sector post-MCO

KUALA LUMPUR, July 15 (Bernama) — SERV and Direct Lending roll out financial relief for workshops under the SERV Retail-iation program, focusing on automotive aftermarket businesses. The partnership is a supply assistance program or “bantuan belian bekalan” amounting up to RM3,000 per workshop, aimed at aiding them to procure auto part supplies. This partnership is …

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Should You Take Out A Personal Loan For Your Side Business?

(This article was originally published on the 17th November 2017 and updated on the 6th July 2020). A way to ensure you have enough cash to support or grow your business is to take out a loan. You can either apply for a personal loan or a business loan. Here, we outline the differences between these two types of loan. …

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5 Ways to Manage Your Finances During a Pandemic

The pandemic is harsh on the economy and distressing to Malaysians. People are losing jobs or income due to business slowdown or closure. Financial hardship is inevitable. In these challenging times, you must have financial management skills. There are ways to manage your finances. Here are five ways to help recession-proof your finances. 1. Downsize …

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