Bank loans in Malaysia

hi not yet try but we want together with my wife how? we use hongleong bank

As expat if your monthly income more than RM 10000 per month & if can show your last 3 months pay slips you can easily get Credit Card, Car Loan & Personal Loan etc...

That is the minimum indicator for banks to accept you as a reputed expat. 

Below RM 10000 per month 99 % decline your application. One reason bank doesn't know your credit history. If your working company has cooperate relationship with the bank, you can contact bank through your company ( Via HR). There are high percentage to approve your application.

If your salary below RM 10000 & if planing to stay in Malaysia for long time of period, try to build your credit history.

Open Fixed Deposit around RM 5000 and pledge your FD for Credit card. You can get up to 90% credit limit. Then you maintain properly your credit history. Do some regular payment via credit card and settle it before due date. Once you build good credit history, then in future it might help you to get  Credit Cards, Car Loan & Personal Loan etc...

How do they calculate the max eligibility for personal loan ? Plz help me with approximate calculations based on base pay. Is it 3% interest rate for personal loan?

Credit card stuff is nuts for expats; with CIMB asking to deposit 3k  MYR then your monthly limit would be 3k. So basically you are lending me my own money? Wow!

HI Ramakrishna406,

As expat, If your salary more than 10k per month, you can get the personal loan from most of the banks.
Interest rates are normal market rates and bank will decide amount of your personal loan.

Hi Ashwani. Koul,

If your salary is over 10k, you don't have any issue. Easily you can get from HSBC, City Bank, Standard Charted, Maybank etc..

RM 10k per month benchmark for expat. Below 10k banks don't recognize as reputed expat.

My Advice:
If you intention to stay in Malaysia for long and planing to get any banking facilities in future, you must build your credit history.

Deposit 3k and get the card, maintain your all payments on time. Then after around one year, you have high probability to get the Credit Card from other banks. Because of they can see you past credit history.

My salary is 8K per month. I have 3 Credit cards and Hire purchase loan for 5 years. Six years ago I started as same way. Open FD and get the card & build my credit history.

Thanks mate! These are great inputs..