Things You Should Know Before Applying For a Personal Loan

When you are short on money, one of the options available is to get a personal loan. Did you know some of the top reasons Malaysians apply for a personal loan are for home renovations, medical expenses, and planning for dream weddings?

It may seem to be the solution to many problems; however, there are many things you should consider before getting a loan.

Are you qualified for a personal loan?

To apply for a loan, make sure that you are eligible for one. Some of the basic requirements include:

  • being a Malaysian citizen or person with a permanent residence status
  • being 21 years old and above
  • having a working bank account
  • having a regular salary or being a self-employed person

Do note that requirements differ from bank to bank. For example, some banks accept applicants that are 18 years old and older, and conditions might be different if you are a government servant.

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What are the interest rates?

In Malaysia, personal loans usually come with a flat interest rate. Essentially, it is the interest charged on the amount of money you borrowed, and you’ll have to pay for the amount that’s calculated at the beginning of the tenure for each year.

For example, you took out an RM10,000 loan at a flat interest rate of 10% per annum. Every year, the interest charges would be RM1,000 until you settle the entire loan.

How does tenure periods affect monthly installments?

Ten years is the maximum tenure, but banks usually offer two to eight years for a loan term. The longer your tenure period, the lower the monthly repayments and higher the interest rate.

Before applying for a loan, make sure you can afford to pay off the monthly repayments. A more extended tenure period might be more suitable if you can’t fork up enough money in a short amount of time.

Early and late repayment fees

There should be an agreement between you and your lenders on time needed to repay your monthly installments.

If you wish to repay your personal loan earlier than the agreed term, there’s usually a fee charged around two to three percent of the outstanding loan balance at the time of the full repayment.

You may also be charged if you can’t afford to repay your loan in time. The bank can also deduct your credit balance from your account, take legal action against you, or repossess the asset you set as collateral if you applied for a secured loan.


A personal loan might be a tempting choice when you’re short on cash, but be sure to be responsible and consider all the points before applying for a loan.

Visit now to get a loan today.

The Main Advantages of Shaving Everyday that You May Not Know

Nowadays, it is not just women that have to value their personal appearance. Men also need to do this. Gentleman style is today trend where men desire to look neat, tidy and clean, but exactly how to achieve the look of a real gentleman? Start by shaving regularly! Shaving will benefit man and here are the 3 benefits associated with shaving on a regular basis.

Why Should You Shave Regularly?

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Firstly, shaving every day does well to the boys that happen to be born with excessive facial hair. Consider the dirt and sweat trapped inside these bushes growing on your face. They result in acne on your face. By shaving regularly, you can actually prevent pimples from residing on your face. You are going to look neater.

In addition to that, many individuals apply shaving cream or gel before shaving. Excess sebum and dead skin on the face that trigger acne could very well be scrapped away over the shaving process. You may get rid of the scrub that has been harming your skin layer all this while. This is actually a good skincare routine for lazy men.

Trying to keep our skin clear can also include keeping it clear from razor bumps. Razor bumps are caused by hair shaft which comes off and overcomes your hair root. It can be avoided by shaving regularly as shaving shorter hair will cause less pulling that leads to the hair shaft getting pulled off. Say bye to razor bumps!

In summary, you will look more professional and good. Your adrenaline will be an increase during shaking hands in an important meeting. Without a doubt, one effort can’t simply be judged by their encounter but a good sharp face might be an added bonus in your words. A pleasant suit and deluxe watch mean nothing with excessive facial hair.

Shopping for good razors to start the practice of shaving daily? Take a look at Shaves2U Korea for the reason that offers high-quality razors. Apart from razors, they already have other shaving products too. For anybody in Malaysia, Singapore, and Korea, you are lucky! Their goods are now found in Malaysia, Singapore, and Korea.

If you are not a daredevil when it comes to brand new products, you can actually sign up for a free of charge trial online. Pay only the shipping fee, a shaver and shaving cream will be delivered to your front door. You can even set up a monthly plan and save the need for shopping for shaving products monthly.

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For those who are seeking the wonderful gift for your wife or girlfriend, Shaves2U is providing female shaving products too. With easy-to-grip handle and natural aloe-vera gel for sensitive skin, Shaves2u female razors are acceptable for every female out there. Busy female customers can enroll in a monthly plan too.

When you’re interested to find out about Shaves2U, feel free to visit Shaves2U website to find out more with regards to the products and plans they give you. Remember to place your order if you run into something you like. Don’t hesitate to inform your friends in regards to the awesome goods and services from Shaves2uU too! Click here to learn more: