What can You do if you are Refused?
In addition to credit history on CCRIS, banking companies and obtain information off CTOS Analysis Solutions Sdn Bhd, a private institution you to accumulates information about monetary lawsuits matters such as for example as case of bankruptcy instances lead up against individuals and you can organizations.
Banks use these records so you can infer creditworthiness as well as borrowing and you will cost models from an applicant. Of numerous personal loans for the Malaysia is actually unsecured of those, definition there’s no be sure so you’re able to lenders that the borrower often pay it off. Therefore creditworthiness is most important to financial institutions whenever deciding on signature loans.
Perform get your own duplicate of CCRIS and you can CTOS account in order to suss out it is possible to affairs that the financial possess found unsatisfying with your borrowing bottom line.
You’ve got a lot of financing
If for example the financial discovers that you are more-purchased way too many finance: you may not rating a differnt one recognized.