Fintech in Malaysia
Fintech or Financial Technology is possibly one of the most prominent buzz words which are going around in recent years. What is really going on
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:
Fintech or Financial Technology is possibly one of the most prominent buzz words which are going around in recent years. What is really going on
Moneylending is very often confused with loan sharks. In Malaysia, the Moneylenders Act 1951 governs the process of lending money with interest. Loan sharks, or
A housing loan is a common service offered by most banks in Malaysia for its customers who are looking or planning to these properties. In
According to Oxford Learner’s Dictionary, loan refers to something that is borrowed especially money. In short, loan simply means debt. After a specific period of
Direct Access Guarantee Scheme The Direct Access Guarantee Scheme or DAGS provides financing from RM50,000 to RM3 million. It provides a 100% guarantee for business
What you’ll enjoy… Special discounts and privileges when you dine, shop and stay at these participating business partners plus many more : Tai Thong Chinese
So, you are in need of money and fast. You cannot wait for the process of submitting documents and waiting for approval from the banks.
Latest articles
Due to the ever-increasing volume of money transfer from Malaysia to other countries, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe
With the steady rise of Bitcoin price in recent days, this is arguably one of the best periods for Bitcoin trading and other cryptocurrencies. However,
After all that has been said and done, the COVID-19 has created a devastating effect across the world. Whether it is in terms of death
There is no denying that the Internet of Things, or more fondly known as IoT has taken over a large part of our everyday lives.
Where can you get Bitcoin? By now, you would have read somewhere that Bitcoin can be obtained through mining. There is no shortcut to making
Big data cannot be taken lightly. The COVID-19 pandemic is a totally unprecedented phenomenon that took everyone by surprise (across the world). No one was