Facing Mortgage Problems in Malaysia – Here’s what you can do!
Have you been struggling with your loan commitments because of the economic crisis brought by the COVID-19 pandemic? Are loan repayments causing you stress and
Financing & Loans
Have you been struggling with your loan commitments because of the economic crisis brought by the COVID-19 pandemic? Are loan repayments causing you stress and
One of the biggest concerns when buying a property is the paperwork and the process that has to go into it. Documentation might not be
Not everyone plans to buy a house in the near future. You might not plan to do so either and that could be the case
If you have been planning to buy a property or a home, you would be now be considering the best loan to suit your needs.
Given a choice, no one would want to be in debt. Whether it is a credit card amount or a personal loan, it can be
To use the term Islamic home loan would not be entirely correct as loans involve the calculation of interest. Malaysia is one of the most
Are you feeling the pinch that your monthly salary could not sustain your monthly commitments? Do you find yourself raking in more debts each month
Financing in Malaysia ranges from simple to highly sophisticated. Its all about borrowing money from a legitimate source which in most cases a bank or a financial institution.
In every case, your business need to have some form of security provided to the institution that you are able to repay the amount you borrowed. Some would require you to provide a collateral while others will evaluate your current financial health.
Such loans can be applied for various reasons. You will probably get this loan for your own reasons. In most cases, banks call this personal loans which means:
This is a facility usually provided by banks. It is intended for use by those who need quick cash and when there are not enough funds in the accounts. This type of financing owners usually:
This type of loan is sometimes called a Flexi loan. It is actually a combination between the overdraft and the term loan. In other words:
This type of loans is quite common for borrowers who are worried about the changes in interest rate. Some Islamic loans are parked under this type of financing package. It works in such a way that:
This type of package is designed under the Murabahah concept which is provided through the Syari’ah laws. It is very strict and usually does not allow any form of speculation. In Islamic Loans, the borrower goes through the same procedure and is actually open for anyone (not only Muslims).
A common package for purchase of vehicles, this is the only financing package available. A hire purchase financing service is one which:
As the name suggests, this is a loan you will obtain to buy a property. It could be a commercial lot or a house you want to stay in. This type of loan is:
You will apply for a business loan when you are going to start or expand your business. This type of loan, which is offered by a bank or financial institution will usually be:
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