SlideShare a Scribd company logo
YOUR BASIC GUIDE TO LOANS
By Compare Hero

http://dev.comparehero.my/blog/your-basic-guideto-loans
EVERYONE NEEDS MONEY

http://dev.comparehero.my/blog/your-basic-guideto-loans
YOU ARE LYING IF YOU SAY
OTHERWISE!

http://dev.comparehero.my/blog/your-basic-guideto-loans
LOANS COME IN MANY DIFFERENT TYPES
DEPENDING ON THE PURPOSE. HOUSE,
CAR, EDUCATION, BUSINESS
DEVELOPMENT AND PERSONAL LOANS
ARE SOME OF THE MORE COMMONLY
KNOWN LOANS.

http://dev.comparehero.my/blog/your-basic-guideto-loans
HERE ARE MOST OF THEM

http://dev.comparehero.my/blog/your-basic-guideto-loans
PERSONAL LOAN
This is the loan that you take out to meet your personal
expenses that may include house renovations, education
expenses, and so on. It is immediate cash and you can
do anything with it. Personal loans may be secured or
unsecured.
http://dev.comparehero.my/blog/your-basic-guideto-loans
CAR LOAN:
This is the loan that you borrow to buy a car for you and your
family. When you buy a car using a loan you become the
renter and the bank becomes the owner until you repay the
loan- even though the possession of the vehicle remains with
you. The loan usually requires a down payment that
determined by your credit history.
http://dev.comparehero.my/blog/your-basic-guideto-loans
WHEN REQUESTING FOR A
LOAN, THERE ARE REQUIREMENTS
This is the loan that you borrow to buy a car for you and your
family. When you buy a car using a loan you become the
renter and the bank becomes the owner until you repay the
loan- even though the possession of the vehicle remains with
you. The loan usually requires a down payment that
determined by your credit history.
http://dev.comparehero.my/blog/your-basic-guideto-loans
HERE ARE THE MOST BASIC ONES

http://dev.comparehero.my/blog/your-basic-guideto-loans
YOU SHOULD BE ABOVE 21 YEARS
OLD TO OBTAIN THE LOAN
This one’s no brainer

http://dev.comparehero.my/blog/your-basic-guideto-loans
COPY OF YOUR NATIONAL
REGISTRATION IDENTITY CARD
(NRIC)
So that they’ll know it’s really you

http://dev.comparehero.my/blog/your-basic-guideto-loans
IF YOU HAVE A SALARY – PROVIDE THE
SALARY STATEMENT SHOWING SALARY
CREDIT INTO YOUR ACCOUNT, FORM

BE/EPF STATEMENT; OR COPY OF AN
APPOINTMENT LETTER FROM YOUR
EMPLOYER
So that they’ll know that you have the ability to pay

http://dev.comparehero.my/blog/your-basic-guideto-loans
IF YOU ARE SELF-EMPLOYED – COPY OF
LATEST FORM B OR CPO2 ATTACHED/
EPF STATEMENT/COPY OF YOUR AUDITED
FINANCIAL STATEMENT AND PROFIT AND
LOSS ACCOUNT.
So that they’ll know that you are capable

http://dev.comparehero.my/blog/your-basic-guideto-loans
SOURCE
http://www.comparehero.my
http://dev.comparehero.my/blog/your-basic-guide-toloans
http://dev.comparehero.my/blog/your-basic-guideto-loans

More Related Content

Similar to The Most Basic Loans and Their Requirements

Psychotherapy finances
Psychotherapy financesPsychotherapy finances
Psychotherapy finances
putlocker66
 
Dollars and Sense - How to Lock Down Your Personal Finances
Dollars and Sense - How to Lock Down Your Personal FinancesDollars and Sense - How to Lock Down Your Personal Finances
Dollars and Sense - How to Lock Down Your Personal Finances
Building Bridges Chicago LLC d/b/a Building Bridges Consulting
 
Financial adviser tips
Financial adviser tipsFinancial adviser tips
Financial adviser tips
marljohn
 
Ijara Financing In Pakistan
Ijara Financing In PakistanIjara Financing In Pakistan
Ijara Financing In Pakistan
Fahad Ur Rehman Khan
 
Car Financing Ifs
Car Financing IfsCar Financing Ifs
Parkpenny.com
Parkpenny.comParkpenny.com
Parkpenny.com
clay_knight
 
Parkpenny.com
Parkpenny.comParkpenny.com
Parkpenny.com
saiqa12
 
How to Get a $20,000 Limit Business Credit Card with Both Dell and Apple
How to Get a $20,000 Limit Business Credit Card with Both Dell and AppleHow to Get a $20,000 Limit Business Credit Card with Both Dell and Apple
How to Get a $20,000 Limit Business Credit Card with Both Dell and Apple
Ty Crandall, Business Credit Expert
 
First-Time Homebuyer Checklist - APM 2019
First-Time Homebuyer Checklist - APM 2019First-Time Homebuyer Checklist - APM 2019
First-Time Homebuyer Checklist - APM 2019
Tobe Daranouvong
 
How to Get a Title Loan
How to Get a Title LoanHow to Get a Title Loan
How to Get a Title Loan
Joseph Priebe
 
12 meo tang ty le chuyen doi tren trang landingpage
12 meo tang ty le chuyen doi tren trang landingpage12 meo tang ty le chuyen doi tren trang landingpage
12 meo tang ty le chuyen doi tren trang landingpage
Getfly CRM
 
What is Mortgage Refinance?
What is Mortgage Refinance?What is Mortgage Refinance?
What is Mortgage Refinance?
Car_finance
 
5 must ask questions before you apply for a business loan
5 must ask questions before you apply for a business loan5 must ask questions before you apply for a business loan
5 must ask questions before you apply for a business loan
steve maleh
 
Va quick guide
Va quick guideVa quick guide
Va quick guide
AmberLArana
 
How to get Business Funding
How to get Business FundingHow to get Business Funding
How to get Business Funding
Wholesale Shelf Corporations
 
My budgeting work sheet
My budgeting work sheetMy budgeting work sheet
My budgeting work sheet
poolch
 
How to Get SME Loans in Kenya Approved
How to Get SME Loans in Kenya ApprovedHow to Get SME Loans in Kenya Approved
How to Get SME Loans in Kenya Approved
Daphne Milanoi
 
Is Credit Card Fraud A Felony Or Misdemeanor
Is Credit Card Fraud A Felony Or MisdemeanorIs Credit Card Fraud A Felony Or Misdemeanor
Is Credit Card Fraud A Felony Or Misdemeanor
Richard Slinde
 
Lap loans
Lap loansLap loans
Write Essays For Cash
Write Essays For CashWrite Essays For Cash
Write Essays For Cash
Custom Paper Writing Service
 

Similar to The Most Basic Loans and Their Requirements (20)

Psychotherapy finances
Psychotherapy financesPsychotherapy finances
Psychotherapy finances
 
Dollars and Sense - How to Lock Down Your Personal Finances
Dollars and Sense - How to Lock Down Your Personal FinancesDollars and Sense - How to Lock Down Your Personal Finances
Dollars and Sense - How to Lock Down Your Personal Finances
 
Financial adviser tips
Financial adviser tipsFinancial adviser tips
Financial adviser tips
 
Ijara Financing In Pakistan
Ijara Financing In PakistanIjara Financing In Pakistan
Ijara Financing In Pakistan
 
Car Financing Ifs
Car Financing IfsCar Financing Ifs
Car Financing Ifs
 
Parkpenny.com
Parkpenny.comParkpenny.com
Parkpenny.com
 
Parkpenny.com
Parkpenny.comParkpenny.com
Parkpenny.com
 
How to Get a $20,000 Limit Business Credit Card with Both Dell and Apple
How to Get a $20,000 Limit Business Credit Card with Both Dell and AppleHow to Get a $20,000 Limit Business Credit Card with Both Dell and Apple
How to Get a $20,000 Limit Business Credit Card with Both Dell and Apple
 
First-Time Homebuyer Checklist - APM 2019
First-Time Homebuyer Checklist - APM 2019First-Time Homebuyer Checklist - APM 2019
First-Time Homebuyer Checklist - APM 2019
 
How to Get a Title Loan
How to Get a Title LoanHow to Get a Title Loan
How to Get a Title Loan
 
12 meo tang ty le chuyen doi tren trang landingpage
12 meo tang ty le chuyen doi tren trang landingpage12 meo tang ty le chuyen doi tren trang landingpage
12 meo tang ty le chuyen doi tren trang landingpage
 
What is Mortgage Refinance?
What is Mortgage Refinance?What is Mortgage Refinance?
What is Mortgage Refinance?
 
5 must ask questions before you apply for a business loan
5 must ask questions before you apply for a business loan5 must ask questions before you apply for a business loan
5 must ask questions before you apply for a business loan
 
Va quick guide
Va quick guideVa quick guide
Va quick guide
 
How to get Business Funding
How to get Business FundingHow to get Business Funding
How to get Business Funding
 
My budgeting work sheet
My budgeting work sheetMy budgeting work sheet
My budgeting work sheet
 
How to Get SME Loans in Kenya Approved
How to Get SME Loans in Kenya ApprovedHow to Get SME Loans in Kenya Approved
How to Get SME Loans in Kenya Approved
 
Is Credit Card Fraud A Felony Or Misdemeanor
Is Credit Card Fraud A Felony Or MisdemeanorIs Credit Card Fraud A Felony Or Misdemeanor
Is Credit Card Fraud A Felony Or Misdemeanor
 
Lap loans
Lap loansLap loans
Lap loans
 
Write Essays For Cash
Write Essays For CashWrite Essays For Cash
Write Essays For Cash
 

Recently uploaded

Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]
Commonwealth
 
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
brunasordi905
 
Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)Economic trends from a business point of view (May 2024)
13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx
ILC- UK
 
China's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SUChina's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SU
msthrill
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
Majid Iqbal
 
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Alexander Belyaev
 
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
nimaruinazawa258
 
Dr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment LeaderDr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment Leader
msthrill
 
Singapore Event 2024 IPSASB Update Slides
Singapore Event 2024 IPSASB Update SlidesSingapore Event 2024 IPSASB Update Slides
Singapore Event 2024 IPSASB Update Slides
International Federation of Accountants
 
Accounting Information Systems (AIS).pptx
Accounting Information Systems (AIS).pptxAccounting Information Systems (AIS).pptx
Accounting Information Systems (AIS).pptx
TIZITAWMASRESHA
 
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdfGUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
ProexportColombia1
 
Understanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptxUnderstanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptx
cosmo-soil
 
Navigating Your Financial Future: Comprehensive Planning with Mike Baumann
Navigating Your Financial Future: Comprehensive Planning with Mike BaumannNavigating Your Financial Future: Comprehensive Planning with Mike Baumann
Navigating Your Financial Future: Comprehensive Planning with Mike Baumann
mikebaumannfinancial
 
TechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdfTechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdf
richardwellington119
 
Importance of community participation in development projects.pdf
Importance of community participation in development projects.pdfImportance of community participation in development projects.pdf
Importance of community participation in development projects.pdf
krisretro1
 
What Lessons Can New Investors Learn from Newman Leech’s Success?
What Lessons Can New Investors Learn from Newman Leech’s Success?What Lessons Can New Investors Learn from Newman Leech’s Success?
What Lessons Can New Investors Learn from Newman Leech’s Success?
Newman Leech
 
The Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptxThe Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptx
Diana Rose
 
Seven Camp April 2024 Cohort Booklet.pdf
Seven Camp April 2024 Cohort Booklet.pdfSeven Camp April 2024 Cohort Booklet.pdf
Seven Camp April 2024 Cohort Booklet.pdf
FinTech Belgium
 
PM pre reads for the product manager framework
PM pre reads for the product manager frameworkPM pre reads for the product manager framework
PM pre reads for the product manager framework
KishoreKatta6
 

Recently uploaded (20)

Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]
 
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
 
Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)
 
13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx
 
China's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SUChina's Investment Leader - Dr. Alyce SU
China's Investment Leader - Dr. Alyce SU
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
 
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
 
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
 
Dr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment LeaderDr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment Leader
 
Singapore Event 2024 IPSASB Update Slides
Singapore Event 2024 IPSASB Update SlidesSingapore Event 2024 IPSASB Update Slides
Singapore Event 2024 IPSASB Update Slides
 
Accounting Information Systems (AIS).pptx
Accounting Information Systems (AIS).pptxAccounting Information Systems (AIS).pptx
Accounting Information Systems (AIS).pptx
 
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdfGUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
GUIA_LEGAL_CHAPTER_2_FOREIGN EXCHANGE.pdf
 
Understanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptxUnderstanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptx
 
Navigating Your Financial Future: Comprehensive Planning with Mike Baumann
Navigating Your Financial Future: Comprehensive Planning with Mike BaumannNavigating Your Financial Future: Comprehensive Planning with Mike Baumann
Navigating Your Financial Future: Comprehensive Planning with Mike Baumann
 
TechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdfTechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdf
 
Importance of community participation in development projects.pdf
Importance of community participation in development projects.pdfImportance of community participation in development projects.pdf
Importance of community participation in development projects.pdf
 
What Lessons Can New Investors Learn from Newman Leech’s Success?
What Lessons Can New Investors Learn from Newman Leech’s Success?What Lessons Can New Investors Learn from Newman Leech’s Success?
What Lessons Can New Investors Learn from Newman Leech’s Success?
 
The Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptxThe Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptx
 
Seven Camp April 2024 Cohort Booklet.pdf
Seven Camp April 2024 Cohort Booklet.pdfSeven Camp April 2024 Cohort Booklet.pdf
Seven Camp April 2024 Cohort Booklet.pdf
 
PM pre reads for the product manager framework
PM pre reads for the product manager frameworkPM pre reads for the product manager framework
PM pre reads for the product manager framework
 

The Most Basic Loans and Their Requirements

  • 1. YOUR BASIC GUIDE TO LOANS By Compare Hero http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 3. YOU ARE LYING IF YOU SAY OTHERWISE! http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 4. LOANS COME IN MANY DIFFERENT TYPES DEPENDING ON THE PURPOSE. HOUSE, CAR, EDUCATION, BUSINESS DEVELOPMENT AND PERSONAL LOANS ARE SOME OF THE MORE COMMONLY KNOWN LOANS. http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 5. HERE ARE MOST OF THEM http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 6. PERSONAL LOAN This is the loan that you take out to meet your personal expenses that may include house renovations, education expenses, and so on. It is immediate cash and you can do anything with it. Personal loans may be secured or unsecured. http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 7. CAR LOAN: This is the loan that you borrow to buy a car for you and your family. When you buy a car using a loan you become the renter and the bank becomes the owner until you repay the loan- even though the possession of the vehicle remains with you. The loan usually requires a down payment that determined by your credit history. http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 8. WHEN REQUESTING FOR A LOAN, THERE ARE REQUIREMENTS This is the loan that you borrow to buy a car for you and your family. When you buy a car using a loan you become the renter and the bank becomes the owner until you repay the loan- even though the possession of the vehicle remains with you. The loan usually requires a down payment that determined by your credit history. http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 9. HERE ARE THE MOST BASIC ONES http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 10. YOU SHOULD BE ABOVE 21 YEARS OLD TO OBTAIN THE LOAN This one’s no brainer http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 11. COPY OF YOUR NATIONAL REGISTRATION IDENTITY CARD (NRIC) So that they’ll know it’s really you http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 12. IF YOU HAVE A SALARY – PROVIDE THE SALARY STATEMENT SHOWING SALARY CREDIT INTO YOUR ACCOUNT, FORM BE/EPF STATEMENT; OR COPY OF AN APPOINTMENT LETTER FROM YOUR EMPLOYER So that they’ll know that you have the ability to pay http://dev.comparehero.my/blog/your-basic-guideto-loans
  • 13. IF YOU ARE SELF-EMPLOYED – COPY OF LATEST FORM B OR CPO2 ATTACHED/ EPF STATEMENT/COPY OF YOUR AUDITED FINANCIAL STATEMENT AND PROFIT AND LOSS ACCOUNT. So that they’ll know that you are capable http://dev.comparehero.my/blog/your-basic-guideto-loans