Sunday, August 9, 2009

Are the banks in Malaysia worst than a loan shark (Ah Long)?

Though banks would not pose life threathening situations to their customers, what about in terms of interest rates, leniency to reschedule loans, service (timely response) and their sole right to blacklist a default paymaster (due to valid reasons) even the Central Bank (Bank Negara) cannot intervene?



The banks in Malaysia enjoy high immunity by the laws in Malaysia and there is not much say given to public.



Are the banks in Malaysia worst than a loan shark (Ah Long)?bridge loan





Yes, there are worst, in exception of the life threatening situation. And there are worst now after they have merged and left with bigger entity. I would prefer now to go to overseas bank who operate locally, like Al-Rajhi or Kuwait Finance House pr Citibank or HSBC rather than a local bank



Are the banks in Malaysia worst than a loan shark (Ah Long)? loan



yup..



bank is quite similar with loan shark.. sometimes even worst because they can blacklist your finantial profile %26amp; stuff..

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