Personal loan is a common type of financial assistance typically provided by the bank. The loan is generally used for personal purposes. Among the personal purposes that are commonly utilised from taking such a loan includes debt repayment, home renovation, family vacation, expensive medical expenses, children’s education, used/new car purchase, downpayment (e.g. purchasing or renting a house, a condo or an apartment), wedding expenses and other emergency uses.
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Key Features of a Personal Loan with Licensed Money Lender
i) It requires no collateral
Unlike other types of loans such as housing loan or business loan, 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. Our consultant will guide you on what are the required documents needed for personal loan.
iv) Fast approval and quick disbursement
Our loan approval process usually takes less than 2 days to be approved. If your personal loan application is approved, you will usually get your money deposited into your saving account within 24 hours.
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 urgent cash.
You also might be interested about Debt Consolidation or Housing Loan? Call +6011-2939 9300 or email info@LenderLoanMalaysia.com for more!