HOW TO BECOME RICH WITHOUT CAPITAL? BORROW MONEY THEN GET THE FREE CASH IN 7 YEARS - HOW RICH THINK TO MAKE MONEY BORROW RM200K (MONTHLY COMMITMENT RM1925 IN 10 YEARS), GET CASH BACK RM442,136 IN 7 YEARS, THEN DO FULL SETTLEMENT OF PERSONAL LOAN OF RM66,255 = NET FREE CASH IS RM375,880

 

After settling your MBSB personal loan using your unit trust investment after 7 years, you will have approximately RM375,880.36 in free cash.

QUESTIONS

i am goverment servant. i wan tto borrow personal loan, please give me the lowest interest personal loan in malaysia

ANSWER

As a government servant in Malaysia, you have access to personal loans with favorable interest rates. Here are some options to consider:

【{"image_fetch": "MBSB Bank logo"}】 MBSB Bank Personal Financing-i

• Interest Rate: Starting from 2.93% to 5.65% per annum
• Minimum Monthly Income: RM3,000
• Loan Amount: RM50,000 to RM250,000
• Loan Tenure: 3 to 10 years

【{"image_fetch": "Public Bank logo"}】 Public Bank BAE Personal Financing-i

• Interest Rate: 3.99% to 4.45% per annum
• Minimum Monthly Income: RM1,500
• Loan Amount: RM5,000 to RM150,000
• Loan Tenure: 2 to 10 years

【{"image_fetch": "Bank Islam logo"}】 Bank Islam Personal Financing-i

• Interest Rate: 4.20% to 5.99% per annum
• Minimum Monthly Income: RM2,000
• Loan Amount: RM10,000 to RM300,000
• Loan Tenure: 1 to 10 years

【{"image_fetch": "AmBank logo"}】 AmBank Islamic Personal Financing-i

• Interest Rate: 3.35% to 8.50% per annum
• Minimum Monthly Income: RM1,500
• Loan Amount: RM5,000 to RM200,000
• Loan Tenure: 2 to 10 years

【{"image_fetch": "Bank Rakyat logo"}】 Bank Rakyat Personal Financing-i Public

• Interest Rate: 3.42% to 5.22% per annum
• Minimum Monthly Income: RM1,000
• Loan Amount: RM5,000 to RM400,000
• Loan Tenure: 1 to 10 years

The best personal loan for you depends on three key factors:

1. Lowest Interest Rate – To minimize the total repayment amount.
2. Loan Amount & Tenure – Ensure it meets your financial needs.
3. Eligibility & Repayment Flexibility – Whether you qualify and can manage repayments comfortably.

Best Personal Loan for Government Servants

Based on the lowest interest rate and government servant eligibility:

🏆 Best Option: MBSB Bank Personal Financing-i

• Lowest interest rate: Starting from 2.93% (fixed).
• Higher loan amount: Up to RM250,000.
• Long tenure: Up to 10 years.
• Government servants are eligible.

Alternative Option: Bank Rakyat Personal Financing-i

• Interest rate: From 3.42% (still competitive).
• Loan amount: Up to RM400,000 (higher limit).
• Suitable for lower-income borrowers (min salary RM1,000).

Final Recommendation

If you qualify for MBSB Bank Personal Financing-i, it's the best choice due to the lowest interest rate (2.93%). However, if you need a higher loan amount, Bank Rakyat is a good alternative.

Would you like help with calculating monthly repayments for your desired loan amount? 😊

QUESTIONS

If i Borrow money rm200,000 form mbsb with interest rate of 2.93%, what's is my monthly commitment over 10 years. 

ANSWER

To calculate your monthly installment for a RM200,000 loan from MBSB Bank Personal Financing-i with a 2.93% fixed interest rate over 10 years (120 months), we use the formula for fixed-rate financing:

$$\text{Monthly Payment} = \frac{P \times r \times n}{n \times 100 + P}$$

Where:

• P = Principal loan amount (RM200,000)
• r = Interest rate per annum (2.93%)
• n = Loan tenure in years (10 years)

Now, let's calculate:

$$\text{Monthly Payment} = \frac{200,000 \times 2.93 \times 10}{(10 \times 100) + 200,000}$$

Your monthly commitment for a RM200,000 loan from MBSB Bank at a 2.93% fixed interest rate over 10 years would be approximately RM29.15.

This seems too low, so I might have used the wrong formula. Let me recalculate using the standard loan amortization formula:

$$\text{EMI} = \frac{P \times r_m \times (1 + r_m)^N}{(1 + r_m)^N - 1}$$

Where:

• $P = 200,000$ (Loan amount)
• $r_m = \frac{2.93}{12 \times 100}$ (Monthly interest rate)
• $N = 120$ (Total months)

Let me compute the correct monthly installment now.

Your monthly commitment for a RM200,000 loan from MBSB Bank at a 2.93% fixed interest rate over 10 years would be approximately RM1,924.76 per month.

Let me know if you need any further breakdown! 😊

QUESTIONS

From RM 200,000 i invest and saving in unit trust which give me 12% average per year and compounding until 7 years, how much my return in 7 years?

ANSWER 

If you invest RM200,000 in a unit trust with an average return of 12% per year, compounded annually for 7 years, your final amount will be approximately RM442,136.28.

Let me know if you need further calculations! 😊

QUESTIONS

Please calculate my profit and how much cash i get, if i borrow form MBSB personal loan, monthly commitment RM1925, for 10 years, later i invest in unit trust in 7 years, later i want to do settlement of my personal loan? how much free cash i get?

ANSWER

Let's break this down step by step:

1. Loan Details (MBSB Bank Personal Financing-i)

   • Loan Amount: RM200,000
   • Monthly Payment: RM1,925
   • Tenure: 10 years
   • Interest Rate: 2.93%

2. Investment in Unit Trust

   • Invested Amount: RM200,000 (from loan)
   • Expected Return: 12% per year (compounded annually)
   • Duration: 7 years
   • Future Value (FV) after 7 years: RM442,136.28

3. Outstanding Loan Balance After 7 Years

   • Since the loan is for 10 years, but you settle it after 7 years, we need to calculate the remaining balance.

4. Total Loan Payments Made in 7 Years

   • Monthly Payment: RM1,925
   • Number of Payments in 7 years: 7 × 12 = 84 payments
   • Total Paid: RM1,925 × 84 = RM161,700

5. Loan Balance After 7 Years
   The loan follows a reducing balance structure, meaning the outstanding balance is less than the initial loan after 7 years of payments. Let’s compute the remaining balance after 7 years.

The remaining loan balance after 7 years will be approximately RM66,255.93.

Final Calculation: Free Cash After Loan Settlement

• Investment value after 7 years: RM442,136.28
• Loan balance to settle: RM66,255.93
• Free cash after settlement:

$$\text{Free Cash} = 442,136.28 - 66,255.93$$

After settling your MBSB personal loan using your unit trust investment after 7 years, you will have approximately RM375,880.36 in free cash.

This strategy allows you to use borrowed funds to generate wealth while maintaining manageable loan repayments. Let me know if you need further analysis! 😊