Best Personal Loans For Self-Employed Malaysians
- By CompareHero.my
- November 3, 2019
Updated 3rd November 2019
Whether you are a freelancer, running your own business or a work-at-home housewife, you are considered as self-employed. In Malaysia, it may not be easy for you to apply for a loan or a credit card. However, it does not mean that it is impossible. You just need to know where to look! (more…)
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Citibank Personal Loan Application Is Now Online
- By CompareHero.my
- October 31, 2019
Applying for a personal loan with Citibank has never been easier now that you can do it online and get an instant approval* with only 3 simple steps.
Just this year, Citibank took steps to revolutionise their credit card application system. What used to require stacks after stacks of documents and endless queues at the bank, has been simplified to only a few clicks of a button.
See also: Citibank Application is Now 100% Online – What Does This Mean?
Today, the same simplified process has been applied for personal loans. Which means, whether you’re applying for a Citibank Personal Loan to remodel your new home or to fund higher education, the process is now faster, easier and instant.
Contents
Why Citibank Personal Loan?
- Personal loan of up to 10x your gross monthly income
- Loan amount of RM5,000 to RM150,000
- Low flat interest rates of 5.88% to 9.80% p.a.
- Loan repayment tenure from 24 to 60 months
- No processing fee
- No collateral or guarantor required
Personal Loan Interest Rates & Charges
| 1-time Stamp Duty (Ad Valorem) |
0.5% of approved loan amount. |
|---|---|
| Early Settlement Fee | RM200 or 3% of outstanding balance, whichever higher, if loan is settled within first 2 years or before reaching half the tenure, whichever earlier. |
| Late Payment Charge (in addition to prescribed rate) |
1% p.a. charged daily on past due amount. |
For more information, read the Citibank Instalment Loan Terms and Conditions and the Product Disclosure Sheet.
Who Can Apply?
- Malaysian citizen/P.R. and working in Malaysia
- Minimum age of 21 up to a maximum of 60 years old at the time of the loan maturity
- Minimum income of RM4,000
- Holds any bank’s Credit Card/Home Loan/Personal Loan/Car Loan/Overdraft for more than 24 months
- Income and documents required:
Salaried Employee
Self-Employed
Salaried Employee
- Minimum Income: RM48,000 p.a.
- Documents Required:
- Photocopy of MyKad (Both sides)
- Latest EPF statement
or
Latest 2 months’ salary slip
and/or - Any of the following documents where required:
- Latest BE Form with tax receipt
- 3 months bank statement
- Latest EA form (dated within the last 12 months)
Self-Employed
- Minimum Income: RM48,000 p.a.
- Documents Required:
- Photocopy of MyKad (Both sides)
- Photocopy of Business Registration Form
- Latest Form B with tax receipt
*Note: For self employed, business must be established for at least 2 years.
For a loan amount of RM5,000 with 36 months repayment period, the monthly flat interest rate is 5.88% (EIR 10.90%), and the monthly repayment amount is RM163.50 (from total repayment amount of RM5,882).
How To Apply?
The loan application process has never been easier. Complete 3 simple steps and get approved* instantly. So easy, you won’t even need any telesales assistance.
This is the first step of Citibank’s online application form. You are required to provide your particulars including your name and contact details. Check the box if you’ve read and agreed with the terms and conditions.
In this stage, you are required to fill in your identity details as well as to upload a photo of your identification card/MyKad. You will also be prompted to fill in your employment details and loan information.
Once you have completed those 3 simple steps, you will enter the “In-Principal Approval”* stage where all those information will be processed and the system will decide if you are eligible for the personal loan almost instantly. If you are rejected at this stage, you will not be able to proceed further.
* The loan final approval is subject to Citibank’s credit assessment.
You will then be directed to the last two following steps when the system verifies your eligibility for the personal loan.
You’ll be directed to this step if the system approves your loan. Here you will be prompted to choose how you would like to receive your loan as well as your preferred communication method.
This step requires you to upload the relevant documents required for the application process.
Congratulations! You’ve made it to the last step. You’ll find the PDF version of your application to review again.
It can’t get any simpler than this.
Apply for a Citibank Personal Loan today.
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Pennywise, Not So Pound Foolish
- By CompareHero.my
Are you afraid of clowns?
If you are, that’s probably thanks to PennyWise. The menacing dancing clown that eats children. Made famous from the 90s mini television series, IT made its way to the big screens in 2017. This adaption of Stephen King’s classic was an instant hit attributed to the great lore by the author and the excellent vision of the director Andrés Muschietti.
Fast forward to 2019, IT came back with its sequel called IT Chapter II and needless to say, it smashed the box office in just two days since it hit the cinemas on September 2019.
Apart from terrorizing the audience with a lot of jump scares and eerie backdrops, the IT franchise whose main ambassador PennyWise has raked in some serious bucks over the span of 2 years since the first movie came out.
We are talking billions here. Ever wondered how every child’s nightmare managed to make all this money? Let’s run through some fun facts.
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IT Chapter I
While we all know IT as the brainchild of Stephen King, it was actually the brother-sister duo of Andrés and Barbara Muschietti that took the well-known movie title to greater heights.
In 2017, IT broke the record for a horror movie’s opening weekend box office* with $123 million (RM514 million) in the US. It went on to gross $700 million (RM2.9 billion) worldwide off a $35 million (RM146 million) production budget. That’s 20 times more than what it costs!
*Box office means revenue generated from global ticket sales.
IT Chapter II
“IT: Chapter Two’ Pushes The ‘IT’ Movies Past $1 Billion Worldwide”
IT Chapter II costs more than the previous one.
With a total cost of $80 million (RM334.76 million), IT managed to secure $91 million (RM401.71 million) during its opening weekend. 1 month later, the IT franchise has surpassed the $1 billion mark. The film made $37.4 million (RM156.5 million) on its first day. As of October 25th, 2019, it grossed 451 million USD (RM1.8 billion) making it the most successful horror movie in the past 2 decades.
Fun Fact
IT Chapter I aired in 3,700 screens worldwide while IT Chapter II aired in 4,570 screens worldwide.
Here is a simple breakdown of what went down post-release of IT’s sequel:
IT Chapter II has grossed $208 million (RM870.3 million) in the United States and Canada, and $239.4 million (RM1 billion) in other territories, which makes it a worldwide total of $447.4 million (RM1.8 billion).
In the United States and Canada, the film was projected to gross between $90 million (RM376 million) to $100 million (RM418 million) from 4,570 theaters in its opening weekend, and the week of its release broke Fandango’s record for most advance tickets sold by a horror film.
The film made $37.4 million (RM154 million) on its first day, including $10.5 million (RM41 million) from Thursday night previews, the second-highest total for both a September opening and horror film, behind the first film’s $13.5 million (RM54 million).
It went on to debut at $91 million (RM381 million), also the second-best ever for a horror film and a September release, while being over $30 million (RM125 million) less than the first film.
The lower debut was attributed to a more mixed critical reception, as well as the nearly three-hour run-time, which exhibitors said curbed business. It made $40.7 million (RM167 million) in its second weekend, retaining the top spot, before making $17.2 million (RM71 million) in its third weekend and being dethroned by newcomer Downton Abbey.
Now, we don’t really know how much exactly the actors earned for both chapters, but according to an online report, one of the actors earned 2.5 million USD (RM10 million) in IT Chapter II alone. 🤯
Although we’ve witnessed the end of PennyWise in the second chapter, Bill Skarsgard (who played PennyWise) and Andrés Muschietti were in talks to perhaps make IT Chapter III happen.
So, if IT Chapter III materializes, I wouldn’t be surprised if it did well in the box office. Perhaps there could be a Nun and PennyWise face off? 🤷♂️
I guess we could say that creating PennyWise was a wise decision after all. 😏
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Budget Hacks for Deepavali 2019
- By CompareHero.my
- October 18, 2019
While you munch on your murukku, have you thought about the amount of money you’re going to have to spend for Deepavali? Yeah, I know right? Sorry to burst your bubble, but there are ways to plan out your Deepavali shopping without breaking your bank account.
When it comes to festivities, we tend to let the excitement get the better of us and that often leads to splurging on everything and anything we can get our hands on — and the festival of lights is no exception. So, we’ve prepared a few tips on how you can patch that gaping hole in your wallet during Deepavali.
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Sarees and Kurthas
Here’s a helpful tip for your Kurtha and Saree shopping. Do it one day before Deepavali. Now, I know it sounds impractical and a little risky, but if you have a couple of hours to spare on the eve, you can save up a lot from the clearance sales. We’re talking about discounts up to 50%, and sometimes even 80%. You could find them in most Deepavali bazaars and retail outlets in Klang or Brickfields.
Masala Chicken, Spicy Mutton Varuval and Payasam
Boil the mutton, throw them into a claypot, and stir fry for five minutes before tossing it with ghee, chilies and masala mixes. Now sink your teeth into a piece of that piping hot, juicy meat. Mmm. I can almost smell the familar aroma… I can almost imagine… the amount of money I paid for a kilo of that mutton.
Everyone knows it’s better to buy meat earlier because the prices can soar really high during Deepavali. So here’s a budget hack that I personally apply. Although chicken and mutton is a staple in every Indian household during Deepavali, I took a leap of faith and tried something else last year. I reduced the amount of chicken and mutton, and compensated with more dish varieties such as fish, sambal ikan bilis, tofu and some vegetables. It turned out to be a hit! I came to a realisation that while food is important, the fellowship during this time of gathering is more important to most people.
But if you do plan to include mutton and chicken into your food spread, there’s good news. The Domestic Trade and Consumer Affairs Ministry have included 19 meat and vegetable items on a price control list beginning October 20, 2019 to November 2, 2019 in conjunction with Deepavali.
Take a look at this year’s price control list that we’ve compiled below so that you can make informed choices!
Kolam, Plastic Flowers and Flickery Lights
Think Deepavali and bright lights and kolams come to mind. It is after all, called the festival of lights for a reason. However, these decors don’t come cheap. But what’s Deepavali without lighted ornaments and kolams? Here’s a tip: re-use last year’s decorations. Except the kolam, of course.
Lights, artificial flowers, ornaments and even carpets can be re-used. You may be self-conscious, but your guests aren’t really going to notice. Can you remember how your neighbor’s Deepavali decor looked like last year?
Otherwise, if you have the time, try making your own decorations instead. You’ll be sure to impress your guests! 😉
Ang Pows
Gong Xi Fat Chai! Ooops! Wrong greeting.
Don’t get mixed up. We give out ang pows during Deepavali as well! We all love receiving it, but giving them out…
Unsure of the mechanics of ang pows during Deepavali? I believe this varies from family to family, so consult an elderly just to be safe and not accidentally offend someone. My practice? I only give ang pows to children, it’s as simple as that. And if the ang pows are giving you too much headache, remember to give what you can. RM5 is a safe amount. You don’t want to get caught in a debt just from giving out ang pows during Deepavali.
Vices
Bring out the booze, the cards, and fireworks! Truth be told, those are the common sights of most households during Deepavali. While some may argue that it brings out the fun in the festival, others may think otherwise. So let’s break it down:
Fireworks
Every year we spend thousands if not tens of thousands of Ringgit on fireworks. Question yourself if you’re willing to spend money on this entertainment that lasts for a couple of minutes.
Booze
The true meaning of Deepavali isn’t taken away if alcohol isn’t in the picture. Let’s face it: booze costs a lot of money. If you’re planning to celebrate Deepavali on a budget, try substituting alcohol for juice and calculate the amount of money you have saved. If you’re planning to drink, the team at CompareHero would strongly recommend you to drink responsibly!
Gambling
What happens when there is food, booze and good company? Gambling. But unless you have a date with Lady Luck, think of the huge potential of you losing all that money. Put away the deck of cards and introduce other games to have fun. Or else, do it without any money involved!
Now, that doesn’t sound so bad, does it? Keep those in check and you’ll be experiencing a much thriftier Deepavali this year and the following years to come!
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3 Budget Hacks For Your Next Lazada Adventure
- By CompareHero.my
You know that feeling you get when you’re in the process of checking your cart out on Lazada and realise you’re eligible for a discount? Yup, most of us have been there before. We all love a good discount, and even if it’s 10% off, it’s enough to get us excited.
Imagine if you could have that feeling every single time you shop on Lazada.
Well, now you can. Citibank is turning that wishful thinking into reality with their latest partnership with Southeast Asia’s largest e-commerce operator.
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Introducing the Lazada Citi Platinum Card.
From attractive discounts to exclusive privileges and annual fees waivers*, this has got to be the best kind of news for shoppers. Take part in guilt-free shopping by getting rewarded for your purchases as well as offers from other brands to boot.
Here are the three ways you can make the most out of your Lazada shopping adventures when you use the Lazada Citi Platinum Card.
Collect points and let the points pay for your cart.
What’s better than buying things at a discounted rate? Earning points for your purchases on top of that! Let’s agree that a lot of us go crazy for points. The moment the cashier tells us that signing up for a loyalty card allows us to collect rewards points, we’re sold immediately.
Hence, there are plenty of reasons for Lazada fans to rejoice with this card.
Lazada Citi Platinum Card Rewards Points Scheme
Earn 10x points for every RM1 spent on Lazada, 5x points for every RM1 spent with their partners,
and 1x point for each RM1 spent on other transactions.
With 10X Rewards points on every Lazada spend and top-ups on Lazada Wallet (capped at a maximum of RM500 every month), earning points can be a breeze with the Lazada Citi Platinum Card. Not only that, Citi Rewards points never expire!
Earning Rewards points isn’t only limited to transactions made on Lazada. Citibank has partnered with a number of brands from the lifestyle, travel and wellness categories for this collaboration.
You can expect to receive exclusive offers and rebates from familiar names like Malindo Air, Klook and Frasers Hospitality from the travel segment; ClassPass and HealthLand from the health and wellness industry; as well as lifestyle brand Domino’s Pizza. On top of rebates, you can also collect 5X Rewards points for every RM1 spent with these partners (capped at a maximum of RM500 per month).
Using the credit card for other transactions? Not a problem. You will still be able to collect 1X Rewards point for every RM1 spent.
The most exciting part is that Citi rewards you with a bonus of 1,000 Rewards points with a minimum spend of RM1,500 on a monthly basis. Sounds like a great way to speed up the points-earning process!
Accumulate these points and at the end of the day, you’ll be able to use these points to offset your spends in Lazada. The shopping cycle will never end!
Take advantage of discounts up to 50%.
Besides the attractive points scheme, the Lazada Citi Platinum Card gives you the chance to enjoy up to RM500 off selected beauty products on Lazada each month.
Remember those months you were strapped on cash but needed to purchase basic necessities like shampoos and other toiletries? Using this card allows you to make those purchases without feeling too much pinch.
Avid shoppers of this category would be pleased to know that the products that are up for discounts will be refreshed on a quarterly basis, so they’ll always get fresh deals to browse through.
Snag the RM500 Lazada voucher.
Don’t miss the opportunity to grab RM500 worth of Lazada vouchers when you apply for the Lazada Citi Platinum Card. All you need to do is spend a minimum of RM2,000 within 60 days to get the RM500 vouchers.
Imagine all the things you can buy on Lazada with RM500!
Don’t miss out on other #BudgetHacks.
It doesn’t end there.
Shoppers with the Lazada Wallet are in for a treat as they get to enjoy exclusive sign up bonuses. For new Lazada Wallet users, get an additional RM10 when you top up a minimum of RM50 and save your Lazada Citi Platinum Card into your Lazada Wallet.
For existing Lazada Wallet users, the first 1,000 cardholders are entitled to an additional RM10 on a monthly basis when they top up a minimum of RM100 with their Lazada Citi Platinum Card.
Shopping on Lazada will definitely never be the same again.
Other Details:
Annual fee: Principal RM100; Supplementary RM70.
*First year annual fees waived and following year(s) waived if customer spends an annual minimum of RM15,000 during the current year.
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