Direct Lending

5 Places You Can Go for Cheap and Affordable Necessities

(This article was originally published on the 8th July 2017 and updated on the 5th December 2019).  The price of things is increasing beyond our control. Although many of us can go without luxuries, there are...

What are the Differences between Koperasi and Licensed Moneylender?

Most of the personal loans in Malaysia are offered by banks, cooperatives (Koperasi) and Licensed Moneylender. There are some misconceptions stating that Koperasi is categorised under Licensed Moneylender or...

7 Ways To Achieve Your Financial Goals In 2020

The outlook for the Malaysian economy next year is reassuring, given the projections of a 4.8% GDP growth rate from 4.7% in 2019. As part of its “Shared Prosperity Vision 2030”, the emphasis of the government...

Category - Personal finance

What is CCRIS and CTOS?

(This article was originally published on the 15th of January 2017 and updated on the 15th November 2019).  “Your loan is rejected because you have a bad CCRIS or CTOS record”. Have you been told this before by a bank officer? And you are wondering...