Reckless loans can wreck borrowers


BANK Negara Malaysia’s (BNM) announcement of plans to require individuals seeking personal loans exceeding RM100,000 to complete an educational module certainly created a buzz.

This threshold aligns with the limit on declaring bankruptcy due to unpaid debts, particularly unsecured loans like personal loans.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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