Key Features of a Personal Loan

i) It requires no collateral

Unlike other types of loans, you do not require to put up your home, shares or any other forms of assets as collateral.

ii) It can be used in many ways

The bank does not monitor the way you use your loan once it has been approved. This means you have your freedom to spend the money without any restriction.

iii) It requires minimal documentation

You do not have to worry about compiling a bulk of document when you are applying for a personal loan. If you are a salaried employee or earner, you only need to prepare photocopies of your MyKad, a latest 3 months salary slip, a latest EPF statement and/or latest EA form. As for those who are self-employed individuals, you need to provide latest 6 months’ bank statements and/or latest Form B.

iv) Fast approval

If you are eligible for the personal loan, you will usually get your money deposited into your saving account within 48 hours or 2-day period.

v) Competitive interest rates

Depending on the banks, you can make comparisons on which financial institutions offer the best interest rates.

vi) Flexible/low monthly repayment

If you do not want to burden yourself on paying too much for the personal loan that you borrowed, you can talk to the bank to stretch your monthly repayment period up to several years.

Conclusion

If your application for a personal loan gets rejected or disapproved by the bank, do not give up just yet. Fortunately, we, as the licensed private money lenders are here to solve your monetary problem. Unlike commercial banks, you do not have to worry about compiling lots of documents because our requirements are minimal. Best of all, our loan approval is fast and easy if you need an urgent cash.

We also provides alternative monetary help for you such as business loan for factories, small and medium enterprises, refinancing and cheque cashing. So, do not hesitate and call us now for more info.