March 2021 - Direct Lending Malaysia

Month: March 2021

[INFOGRAPHIC] The Differences: Islamic Personal Financing vs Conventional Personal Loan

Personal financing or personal loan is a popular choice of many when it comes to solving financial problems because of its flexibility as it does not require any collateral. Unlike car loans or home loans, both of these loan facilities require collateral when you apply for a loan. Plus, if you do not repay your …

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Koperasi Personal Loan for Borrowers With AKPK, CCRIS and CTOS

Did your personal loan get rejected because you have a negative CCRIS and CTOS record or you are currently listed under the AKPK programme? The good news for civil servants is some cooperatives (koperasi) do accept borrowers with overdue loan amount in CCRIS and CTOS record or even those who are listed under Special Attention …

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Credit Card Vs Personal Loan – Which One Should You Get?

(This article was originally published on the 6th January 2018 and updated on the 25th March 2021). There comes a time where we may find ourselves in need of a huge sum of money whether it is to foot the bill of unforeseen business expenses or for emergency purposes like paying the medical fees of a vital surgery. …

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5 Things to Watch for as a Loan Guarantor

(This article was originally published on the 23rd November 2018 and updated on the 25th March 2021). Have you ever been approached by a relative or close friend and asked to act as a loan guarantor? The scenario is typical for would-be borrowers that are required by lending institutions to produce a loan guarantor. That is …

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Best Ways to Buy and Finance a New Car or Used Car

(This article was originally published on the 7th May 2017 and updated on the 24th March 2021).  “Used cars are more affordable and economical”, “New cars function well and can last longer”. Weighing on all the pros and cons, sometimes it is hard for us to decide between choosing a new or used (second hand) …

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Should I Consolidate My Debts with Personal Loan?

(This article was originally published on the 7th of February 2019 and updated on the 24th of March 2021).  The biggest cargo people carry these days is debt. Borrowing, including the use of credit cards, is habit-forming. Once you get caught in the habit, you run the risk of spending more than you can really …

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8 Things to Check Before Signing a Personal Loan Agreement in Malaysia

(This article was originally published on the 30th September 2020 and updated on the 23rd March 2021). Applying for a personal loan is easy and convenient these days. Why? This is because you do not need to provide any collateral or offer security to obtain cash. What’s required from your end is to prove your creditworthiness by having …

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