Check Out Malaysia’s Best Personal Loans in 2019

• By CompareHero.my
• April 15, 2019

Got goals in mind but no money to finance your plans? Planning for your wedding, repairing your home sweet home or simply looking to go on a fancier vacation this year? No matter the goal, funds are surely something you’ll need to realise your dreams. A personal loan may just be the answer.

While it may seem like a daunting task to figure out which loan would best suit your needs, most potential borrowers will look to the loan’s annual percentage rate (APR) when making their decision. A loan with the lowest APR can help you save more money on interest payments in the long run, particularly if you’re planning to take out a loan with a larger amount.

Check out the best personal loans in Malaysia and don’t let your dreams remain dreams.

Alliance CashFirst Personal Loan

RHB Bank – RHB Easy-Pijaman Ekspres

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The Easy Guide To Going Places With GoCar

• By CompareHero.my
• April 10, 2019

Life is easy when you go online or use an app to book all your travel and transportation needs. Flights to different countries, electric trains between cities, taxis or ride sharing vehicles for short distances. Adding to that ease, is an app that lets you rent a car at your fingertips. And let us tell you why renting a car is the best idea you and your friends can have.

What is GoCar?

GoCar is an on-demand car sharing platform that allows you to rent a car by the hour or day via the GoCar app. In other words, you simply rent a car of your choice, from whatever time you want, for how long you want, pay for it, pick it up from various locations, unlock and lock the doors and report any damages, all in the app! GoCar has been in Malaysia since 2015 and they have grown from 5 cars to over 600 cars, in over 280 locations around Selangor, Kuala Lumpur, Kedah, Johor, Penang. They are even expanding to Seremban and Ipoh very soon! GoCar offers various car models in its fleet, such as sedans, crossover SUVs, MPVs, and pickup trucks.

Why rent a car?

GoCar offers short-term car rental options with an hourly or daily rate for use of a car. This is an ideal option for:

• those who regularly use alternative transportation when going on road trips with friends, or
• those who want to avoid wear and tear on their own vehicle, or
• those who don’t have access to cars.

You could pack your family of 4 into a GoCar, drive up to Penang for the weekend (instead of paying for 4 flight tickets and taking the same amount of time, door-to-door) and drive around the island looking for the best food spots (instead of paying for a taxi each trip). Essentially, GoCar also allows you to be a temporary owner of the vehicle you’ve chosen to rent, be it for a day or a whole month.

You even have a choice on round trips, where you pick-up and drop-off the car at the same location, or one-way trips where you pick-up a car from a GoCar Hub and return it to a different GoCar Hub.

GoCar Perks!

Pssst… there’s a promotion below. Read On.

GoCar App for Beginners

If you use WhatsApp, Facebook or Instagram App on your phone, then having the GoCar app is just as easy.

STEP 1: REGISTRATION

Google Play Store	Apple Store
Download the GoCar app from either Google Play Store or Apple App Store.
Register yourself with a valid driving license and verify it with a selfie.

STEP 2: RESERVE YOUR CAR

Choose your preferred booking start date & time and booking end date & time. Select your preferred location and view the available cars. The price of car will be displayed (according to your booking time). Simply tap “Book Now” when you’re sure.	When you’re ready to pick up the car, check your booking by clicking on “My Reservations”. You can view more details such as instructions to the location of where the car is parked.

STEP 3: UNLOCK YOUR CAR

You can unlock your car 10 minutes before the booking time starts. Take photos of the car exterior to report any damages. Press “Submit” to move to the next screen and to unlock the car.
Tap the “Unlock Car” button and wait a few seconds.You should hear the unlock ‘beep’ or sound. To start the car, simply press the “Engine Start” button near the steering wheel. For cars that require keys, retrieve it from a locked box in the glove compartment. Use the pin code given in the app. Report the fuel level of the car in the app before you start driving.

What’s the cost like? And who pays for fuel?

When you first register for a GoCar account and get approved, you can proceed to login and make your first GoCar booking. A one-time RM10 membership fee (non-refundable) will only be charged when you make your first reservation. There’ll be no other booking fee or security deposits for every GoCar reservation made.

The hourly rates start from RM8.90/hour and daily starts starts from RM89/day.

Hourly rate includes fuel. GoCar pays for the petrol, its included as part of the hourly rate. Every hour of booking comes with 15KM of distance allowance. For example, if you book for 2 hours, you can travel up to 30KM in distance. You are welcome to drive above the allowance of 15KM per hour, so long as you top up the fuel for the excess distance travelled.

Daily rate DOES NOT include fuel. You are required to top up fuel to the level you started with before ending your GoCar session. Failure to do so will incur a penalty of RM20 per fuel bar.

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5 Moments to Take Advantage of your Travel Insurance

• By CompareHero.my
• April 9, 2019

So, you’re booking your flights online for your travel overseas and the Travel Insurance option box pops up. Your first impulse is to decline it. But slowly your mind starts to mull over possible scenarios of what could happen during your travel. Flashes of the worst instances that happened to unfortunate travellers start to worry you. You then ask the ultimate question: Do I need travel insurance? The answer is Yes.

Before you get down to why you need travel insurance and what type you need, consider the following:

It’s vital to remember that some destinations such as the United States of America require some form of global travel insurance so you are covered when you reach the country. Hence, the type of insurance you take will depend on how you answer the above questions.

Now that you’ve done that, here are some reasons why you might want to buy (or not) travel insurance.

#1: When you fall sick while travelling – seek treatment or get admitted!

We are human beings, we fall sick. And we can never tell when it is going to happen. A change of weather could easily be the cause of health issues. Falling sick overseas without adequate treatment could ruin an entire holiday.

We Malaysians love travelling to Australia. In 2018 alone, Australia experienced a spike in asthma cases due to excessive pollen in the air and change in weather. Imagine being an asthmatic and travelling there at that period – you will need a backup medical insurance in case you have a severe asthma attack. Even something as little as a toothache can cause a bad travel experience.

Some comprehensive medical insurance packages allow for hospitalisation (room & board) along with medication and treatment coverage. Medical travel insurance covers dental costs too. If you are prone to falling sick, get this before you set foot in another country.

#2: When you lose or damage your stuff on your travels

This is the most common type of unfortunate event that can instantly ruin a trip. For those of us who frequently travel the world, we would have experienced this at least once in our lives. Budget airlines in particular tend to have the problem of damaged luggage or travel items. We’ve heard of and even witnessed cases where our bags were mishandled by airport personnel causing damage to our suitcases.

Insurance can offset the damage done to your property. Protection for your gear is essential particularly when you’re travelling for work with precious equipment. You can also claim for loss by theft or accident. As this type of insurance is inexpensive, you should get it even if your trip overseas is less than a week long.

#3: When mother nature disaster strikes

As is with any unforeseen circumstances, you never need insurance until you need it. The same goes for natural disasters. When you need a helping hand out of a danger zone, insurance coverage can aid with the evacuation fees and logistics.

Malaysia is blessed to be shielded from natural disasters. But our neighbours are not so fortunate. Indonesia, for example, has recently experienced a series of earthquakes that rocked the popular tourist destinations of Lombok and Bali. Be prepared for such times with natural disaster coverage.

#4: When your time is wasted

Nothing boils our blood faster than seeing our much-anticipated flight being cancelled. Flight delays are a real bummer too! But travel insurance can be a comfort to overcome these nuisances. Taking travel insurance with the airline company is the easiest option as you can purchase it while buying your flight tickets. AirAsia, for example, includes coverage under Tune Protect at a subsidised rate. In the event your flight is cancelled, your ticket fees will be refunded as per.

#5: When the worst happens *touch wood*

Post 9-11 travel has become more stringent in terms of security and vigilance. Countless security checks make us queasy even before a flight is boarded. Albeit the hyped-up safety measures, sometimes man-made tragedies still occur. Hijackings are some of the more common acts of terrorism that can be covered with travel insurance.

Looking back over the past few years with the aircraft tragedies of MH17 and MH370, there is no telling of how safe our journey will be. In the event of loss of life, your travel insurance acts as a life policy with a lump-sum payment. Also, loss of life on public transport or aircraft pays out 3 times that of a life assured pay-out. But ultimately, it’s best to be safe than sorry.

In a nutshell, there are many reasons why we need travel insurance. Never mind the nuisance of a little extra payment, the benefits far outweigh the costs. Travel insurance will help give you the peace of mind knowing that you are covered for all the mishaps mentioned above.

What are you waiting for? Get yourself and your loved ones a travel insurance policy today.
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6% Tax on Digital Services passed, begins 1 Jan 2020

• By CompareHero.my

Remember the Digital Tax mentioned in the tabling of the 2019 Budget? The bill has now passed in the Dewan Rakyat. The tax is set to be imposed on foreign digital service providers starting 1 January 2020.

Deputy Finance Minister Datuk Amiruddin Hamzah explained that the upcoming digital tax has a lower rate than that of other countries. He cited several countries as an example; Russia at 18%, Norway at 25%, and New Zealand at 15%. Digital service providers should not have any issues with the 6% tax and they are expected to foot the bill for it.

The digital tax aims to bring more competition to the digital service field with local providers. The deputy finance minister further added that local digital service providers are already paying a tax and extending this to foreign providers is to simply level the playing field and encouraging competition.

Foreign digital service providers must register with customs to be compliant with the tax. Digital service providers who do not do so can have legal action taken against them by the Malaysian government under the government-to-government (GTG) cooperation with countries that are under the Organisation for Economic Cooperation and Development (OECD).

Will prices of Netflix, Spotify, and Steam (among others) increase?

As stated, the deputy finance minister is expecting the digital service providers to pay for the additional 6% tax, though there is no final say on this.

However, should the taxes be charged onto the users, these are pretty much the prices we are expected to pay for Spotify and Netflix (based on our assumptions):

As Steam does not have any subscription fee, we are not sure how the tax on that may work.

It is interesting to note that our Spotify subscription is significantly cheaper than in the US, where it is USD $9.99 per month, which converts to a whooping RM40.90. You can read about that here. Outside of taxes, Netflix is set to increase in price for all subscribers in May, roughly up to 18% for all the different tiers.

What do you think – Will the 6% digital tax affect your digital consumption starting next year? Let us know!

Source: Malay Mail, SoyaCincau
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RHB Launches Multi-Currency Debit Card Supporting 13 Foreign Currencies

• By CompareHero.my

KUALA LUMPUR: RHB Banking Group launched the country’s first multi-currency debit cards, which provide access to 13 foreign currencies alongside the ringgit. The cards come in the form of RHB Multi Currency Visa Debit Card and RHB Premier Multi Currency Visa Debit Card.

The foreign currencies supported are: US dollar, Canadian dollar, euro, Japanese yen, Pound Sterling, Australian dollar, New Zealand dollar, Swiss franc, Hong Kong dollar, Saudi riyal, South African rand, Singapore dollar, and Thai baht.

RHB managing director Datuk Khairussaleh Ramli said the launch of the debit cards reflects RHB’s commitment to making banking more convenient, fast and seamless for its customers.

“Currently we have more than two million debit cards in circulation and in the first year, we expect to issue 15,000 new Multi Currency Visa Debit Cards,” he said.

With the cards, customers will be able to withdraw cash from any ATMs worldwide, have the flexibility to take advantage of prevailing competitive exchange rates, and earn interest on foreign currency balances. They can also use the cards for overseas retail spending without additional conversion fees typically associated with credit cards.

To get the debit cards, customers can open an RHB Multi Currency Account, with a minimum initial deposit of US$1,000 (RM4,080) or its equivalent.

Image and news source – The Edge Financial Daily

Apply for RHB credit cards on CompareHero
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