Content

• Appreciation

• Content

• Task

• Monthly payment

• List of personal loan provided and the monthly payment

• Decision

• Reflection
 Introduction

As the normal human, we are always need money and more money from day to day. So
how are we going to find that money? Are we going to find ‘ah long’ and ask to borrow
money from them? Perhaps not. Actually the are many banks in Malaysia, why don’t we
go to the banks and ask for the loan?

Here I want to suppress that the best way to have instant money is……just make a loan
from the bank. It’s has low rate interest and safer from the ‘ah long’.

The are several bank that provide personal loan or car loan for those who want to have
car or to have instant money in just few moment.

The example of bank that provide this type of service is Agro Bank, Bank Islam, HSBC
Bank, and many more.

But here there are several different among the bank, such as the interest rate, the
requirement and qualification to make any loan.

As the conclusion, I had been went to the bank and make some research about the loan
scheme provided. And lastly I have made my own decision about which loan I will chose
for me to use in my life.

Lets go through this book and discover the truth.

 Monthly payment

I have made my own decision, I want to make a personal loan to open my own shop.

Then, before anything happen, I need to calculate my monthly budget:

Aspect Budget
Fuel for vehicle RM 50
Bill payment RM25
Hand phone RM20
Food RM70
Parents RM200
Savings RM150

Based on my monthly salary, RM2000, I will calculate how much my money left after all
the monthly budget were deducted from my salary.

Salary : RM2000

Monthly budget: RM50 +RM25 +RM20 +RM70 +RM200 +RM150 =RM165

That means my monthly salary will left after all expenses is:

RM2000 –RM555 =RM1445

Based on above table and calculation, I earn my salary permanently for every month is
RM1445.
Chart of monthly payment
Type of personal loan scheme provided by bank and the annual interest

Bank Islam:

Bank Islam only give a person to make any loan up to 15 times monthly salary.

My monthly salary is RM2000, so I can m make personal loan until RM30 000. If I make
personal loan with this bank the schedule of payment as the follow:

Amount of loan Year taken to pay loan Interest Amount

RM 30000 1 4.1% RM2602.50
RM 30000 2 4.1% RM1352.50
RM 30000 3 4.1% RM935.83
RM 30000 4 5.6% RM765.00
RM 30000 5 5.6% RM640.00
RM 30000 6 5.6% RM556.67
RM 30000 7 5.6% RM497.14
RM 30000 8 5.6% RM452.50
RM 30000 9 5.6% RM417.78
RM 30000 10 5.6% RM390.00
RM 30000 11 5.6% RM367.27
RM 30000 12 5.9% RM348.33
RM 30000 13 5.9% RM339.81
RM 30000 14 5.9% RM326.07
RM 30000 15 5.9% RM314.17

So if I choose to make a personal loan with this bank, I only need to pay only RM
314.17 for each month for 30 years. It is quite cheaper but I will look up to another bank
about their package of personal loan.
Rhb bank.

This bank provide me a package of personal loan which I think is reasonable and I can
afford it. Then lets see about the package provided. This bank only provide the
repayment schedule for 5 years or 60 month only.

Amount of loan Month Interest rate Amount to pay

RM 25 000 12 11.74% RM 2327.74
RM 25 000 18 11.63% RM1631.32
RM 25 000 24 11.66% RM1284.64
RM 25 000 30 11.76% RM1035.11
RM 25 000 36 11.88% RM904.20
RM 25 000 42 12.01% RM811.69
RM 25 000 48 12.16% RM743.18
RM 25 000 54 12.31% RM690.64
RM 25 000 60 12.46% RM649.28

According to this bank scheme, If I make a loan about RM25 000, I need to pay about
RM649.28 for every month for 5 years. It is quite expensive but it won’t take long time.
Maybank :

Financing amount Monthly installment

RM 30 000 2 years RM1438
RM 30 000 3 years RM1021
RM 30 000 4 years RM813
RM 30 000 5 years RM688
This is the last bank I went to ask about the personal loan provided. After a long
discussion, lastly I get a little knowledge about them.

From the table above, I can see that the amount charged for this bank is quiet high and
I still can afford it and I need to pay RM688 a month for 5 years, but I need to choose
the best bank that give me the best solution for my problems.
 Final result

After I had make a lot of calculation and study about the personal loan offered by the
bank, lastly I would like to choose bank Islam as the bank to make my loan.

Besides that, as a Muslim we should try our Muslim bank to make us stronger. Other
than that, I will choose schedule for payment in 30 years. I will open my own shop, so I
think I can maintain in gaining a constant profit for my shop every month. If I take 30
years to pay back to the bank, I only need to pay about RM314 for each month. It is not
so expensive I think.

have about RM1131 to spend for each month. Look like too much right? But it is better
to prepare before something could happen such as my car goes to trouble, my mother
sick and any more. We should expect the unexpected. I think bank Islam were give me
the best solution for my problem and I hope my wish to open my own grocery shop will
achieve.

As the conclusion, once again I conclude that I will choose bank Islam as the bank to
make my loan.
 REFLECTION

In order to complete the task given, there are many challenge I have to face. Mostly
nowadays bank provided very high interest for personal loan. They also ask me,’ what
do you want to do with that money’. And I answered that I want to open my own shop.
After that they will look at me like there are something I did wrong, until now I still don’t
know why.

Before this, I actually want to make a car loan but seem that I already have a car so I
think it is not compulsory for me to buy another car. I think it is better to open a shop
because it will give me a constant value of profit. If I buy a new car my monthly
expenses will increase because maybe I will buy a new car which is more faster and
need more fuel to move.

After searching, I found 3 bank that give me best personal loan ever, bank Islam, Rhb
bank and Maybank. I also see that different bank give different rate of interest, so I need
to make a very good decision from make a loan. I was went to every bank at Batu Pahat
to make research about this.

Besides I go around Batu Pahat, I also go to Mersing to ask about the personal loan.
There I go to Bank Simpanan Nasional, Agro Bank, Public Bank, CIMB Bank and many
more. With the task I had done I hope for those who want to make a loan to start their
business can refer to this.
Bibliography

• BANK SIMPANAN NASIONAL

• MAYBANK

• CIMB BANK

• BANK ISLAM

• RHB BANK
 Appreciation

Thanks to God Almighty, because of him I could done my task successfully without any
obstacle. I hope that my work will make my lecturer satisfied and automatically this can
help me to get high mark.

Besides, I would like to thank my lecturer, Puan Fazidah binti Jonid who had taught and
shows a way for me to complete this task completely. She also like to help her students
when they comes for her helps.

Next, I also want to thanks to my parents because give me material and moral support
and also provide me some items and equipment to complete this task.

Not to be forgetting, I would like to thank to my friends who helped me during

completing this task, thanks for their commitment and for all their cooperation.

Hopefully for those who read this task will happy and understand what actually I want to
express in this task. Lastly I hope people who want to start their own business can
make this book as their guide.

Thank you.
TUN HUSSEIN ONN TEACHER INSTITUTE

BATU PAHAT

BASIC MATHEMATICS

PERSONAL LOAN

NAME:ZULKIFLI BIN ROTHMANS

I/C NO:910909-01-6737
 CLASS:PA/BI/BA

LECTURER:PUAN FAZIDAH BINTI JONID

DUE DATE:21st AUGUST 2009