Hi there, it's been quite some time since I post anything. However, I have found few subjects to discuss with you which is applying loan for students.
Back in the old days, I wish I had known this so I could buy a car when I was a student. Friends with cars they make a lot of money by renting them to other students who need to use car once in a while. Yep, it pays their installment too. Back to the issue we have here, it is actually very easy for students to apply loan for cars. The idea is that their documents are supported by parents' document as guarantor. Students cannot apply without support as they do not have a documented income yet.
All you need are your photostated identification card (IC), driving license, offer letter from college/ university, student card and additional documents from parents. These additional documents depends on the parents' occupation. I can be either your father or your mother or your guardian. It cannot be your aunt or uncle or other relatives.
For parents working for government, government-link company, private company:
- EPF statement,
- IC,
- 3 months payslip
- company's bank statement
- IC
For foreign students, it is a bit different. You need to have a guarantor from government or government-link company, who is with Malaysian nationality. If you have none, then I suggest you to opt to buy cash or continue installment from those you can trust.
