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:
Have you just recently graduated and looking to buy your first car? Are you planning to change your current vehicle but don’t know where to
Overdraft refers to a financial situation where you can withdraw more than you should from a banking account. It is a concept which has been
As a civil servant or an employee in the public service, you are entitled to several types of benefits which include lower interest loans from
Applying for a loan means you need to know for sure all the related terms and issues. Among the most commonly used terms are secured
Unless you have been living under cave, you would not know the wonders of a debit card. While you might have been using a credit
Make no mistake about it, a balance transfer program is actually a type of loan. Many banks and financial institutions will surely offer you such
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