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Here are definitions of the basic loans and their requirements
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Your Basic Guide to Loans http://www.comparehero.my/blog/your-basic-guide-to-loans By Compare Hero
Everyone needs money http://www.comparehero.my/blog/your-basic-guide-to-loans
you are lying if you say otherwise! http://www.comparehero.my/blog/your-basic-guide-to-loans
Loans come in many different types depending on the purpose. House, Car, Education, Business Development and Personal Loans are some of the more commonly known loans. http://www.comparehero.my/blog/your-basic-guide-to-loans
Here are Most of Them http://www.comparehero.my/blog/your-basic-guide-to-loans
Personal Loan http://www.comparehero.my/blog/your-basic-guide-to-loans This is the loan that you take out to meet your personal expenses that may include house renovations, education expenses, and so on. It is immediate cash and you can do anything with it. Personal loans may be secured or unsecured.
Car Loan: http://www.comparehero.my/blog/your-basic-guide-to-loans This is the loan that you borrow to buy a car for you and your family. When you buy a car using a loan you become the renter and the bank becomes the owner until you repay the loan- even though the possession of the vehicle remains with you. The loan usually requires a down payment that determined by your credit history.
When Requesting For A Loan, There Are Requirements http://www.comparehero.my/blog/your-basic-guide-to-loans This is the loan that you borrow to buy a car for you and your family. When you buy a car using a loan you become the renter and the bank becomes the owner until you repay the loan- even though the possession of the vehicle remains with you. The loan usually requires a down payment that determined by your credit history.
Here Are The Most Basic Ones http://www.comparehero.my/blog/your-basic-guide-to-loans
You should be above 21 years old to obtain the loan http://www.comparehero.my/blog/your-basic-guide-to-loans This one’s no brainer
Copy of your National Registration Identity Card (NRIC) http://www.comparehero.my/blog/your-basic-guide-to-loans So that they’ll know it’s really you
If you have a salary – Provide the salary statement showing salary credit into your account, form BE/EPF statement; or copy of an appointment letter from your employer http://www.comparehero.my/blog/your-basic-guide-to-loans So that they’ll know that you have the ability to pay
If you are self-employed – Copy of latest Form B or CPO2 attached/ EPF statement/Copy of your audited financial statement and Profit and Loss account. http://www.comparehero.my/blog/your-basic-guide-to-loans So that they’ll know that you are capable
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