Pemegang Kad Kredit Wajib Guna Nombor Pin – Year 2016

PADANG BESAR 18 Mac – Mulai tahun hadapan, semua pemegang kad kredit diwajib memasukkan nombor pin keselamatan sebelum sesuatu transaksi boleh dilakukan berbanding penggunaan tandatangan pada masa kini.

Chua Tee Yong (tengah) melihat pelan Kilang Industri Kecil Sederhana (IKS) sambil diberi penerangan oleh Pengurus Besar Perbadanan Kemajuan Ekonomi Negeri Perlis (PKENPs), Norsiake Kassim (kiri)) di Kawasan Perindustrian Padang Besar, Perlis, semalam.

Langkah itu bagi mengatasi penyelewengan kad kredit yang kini mencatatkan kerugian antara RM30 hingga RM40 juta setahun atau 0.03 sehingga 0.04 peratus daripada nilai transaksi setahun.
Timbalan Menteri Kewangan, Datuk Chua Tee Yong berkata, penggunaan nombor pin keselamatan untuk setiap transaksi kad kredit merupakan langkah diambil kerajaan bagi menambah baik sistem keselamatan kad berkenaan.
“Walaupun peratusan penipuan ked kredit di negara ini kecil iaitu antara 0.03 hingga 0.04 peratus, nilainya tinggi iaitu RM30 juta hingga RM40 juta,” katanya dalam sidang akhbar di sini hari ini.
Beliau berkata demikian selepas meninjau perkembangan pembinaan sebanyak 12 buah bangunan kilang industri kecil dan sederhana (IKS) di Kawasan Perindustrian Padang Besar.
Menurut Tee Yong, pihak kerajaan berpuas hati dengan tahap keselamatan perbankan Internet yang mempunyai ciri-ciri keselamatan yang sudah dinaik taraf.
“Bagaimanapun kita perlu menambah baik lagi sistem keselamatan transaksi kad kredit di premis-premis perniagaan bagi mengelak penyelewengan.
“Ini disebabkan sistem keselamatan sedia ada agak lemah kerana kebanyakan peniaga tidak membandingkan tandatangan pada resit dengan yang tertera pada kad kredit,” katanya.
Dalam pada itu, Tee Yong memberitahu, projek pembinaan kilang berkenaan yang menelan belanja RM5.4 juta dijangka dapat disiapkan pada Oktober ini.
Beliau berharap ia dapat menjana peluang pelaburan dan pekerjaan bagi penduduk negeri ini, khususnya dalam sektor peruncitan dan perdagangan.
“Kita yakin kedudukan yang strategik antara Thailand dan Perlis, kilang ini dapat memberi impak besar kepada ekonomi negeri,” katanya yang memberitahu setiap unit kedai itu dijual antara RM500,000 sehingga RM1 juta.

New BNM Governor Should Focus on Inflation and Monetary Policy – Year 2016

KUALA LUMPUR: The new central bank governor replacing Tan Sri Dr Zeti Akhtar Aziz will have to focus on reducing the country’s inflation rate and reviewing monetary policies.

According to Chairman of the Centre for Public Policy Studies (CPPS) Tan Sri Dr Ramon Navaratnam, it is appropriate that the new governor to review and understand the role of the central bank first before making any changes.

Ramon: It is appropriate that the new governor to review and understand the role of the central bank first before making any changes.

“First review the whole position and don’t take any action. He or she must understand the roles of the central bank on what are they doing and what they have done.

“Brainstorm with the senior officers, public sectors and private sectors first and ask them what they think of Bank Negara’s monetary policy, its view on government, fiscal and other policies.

Ramon says after three to six months in office, a change in policies can be done if necessary, after having discussions with all stakeholders and relevant parties.

“After studies and consultations have been made with the public and private sectors and the government, then look into the possibility of changes in policy if necessary.

“I think the priority is to tackle inflation, how to bring the exchange rate to a more respectable level and ensuring the continuity in strengthening the financial banking system,” he said.

Ramon added, the government should announce Zeti’s replacement as early as possible to reduce the impact on instability of the local market due to investors; concern.
Asked about who should replace Zeti, he said the candidate should not be a politician.

Zeti who has been BNM Governor for 16 years, is due to retire in April and had said that she would not stay for another term.

BSN eyes 72,000 Credit Card holders on 2016

KUALA LUMPUR: Bank Simpanan Nasional (BSN) is eyeing 72,000 new credit card holders this year, up by 20-30 percent from last year, said Vice-President/Head Cards Business Department, Mohd Sofian Amirudin.

He said the spending pattern of customers which is expected to continue growing by 30-40 percent this year, coupled with the introduction of several new cards by BSN, would help the government-owned bank achieve its target.
BSN will continue to attract customers from the education industry as well as government servants, given the attractive rate offered for these segments.

“Teachers are a huge market for us. We have introduced the 1Teacher Card with a low profit charge rate of 8.8 percent for them. It is the lowest in the country compared to the 17.5 percent mostly offered by other banks,” Mohd Sofian said.

He told reporters this after a mock cheque presentation ceremony to winners of the BSN “Impian Tunai 8 Kembali Lagi” campaign by Deputy Chief Executive, Ahmad Latfan, here today.

To date, BSN’s customer base for credit cards stands at 200,000 with a monthly absolute spending value of RM60 million.

For the 1Teacher Card, BSN currently has more than 80,000 members and aims to issue another 30,000 cards this year.

Pinjaman Peribadi Citibank

Citibank Personal Loan

Citibank is not a new name in the world as far as banking is concerned. Citibank definitely has a huge name for itself globally as it caters its financial services to more or less 200 million clients all around the world. Citibank currently operates in more than 160 countries and just to add on, this bank has also won numerous prestigious awards for its very unique services which is provided for not only local but also for global levels as well. The personal loan which is offered by Citibank is very straightforward without any processing fees and it comes with a standard flat interest rate too. What makes this even better is the fact that the approval to get this loan is lightning fast.

Do you qualify for a Citibank personal loan?

To qualify for the personal loan, you would have to meet the age requirement that has been set by Citibank whereby you need to be at least 21 years old and above and you also cannot be more than 60 years of age. An important criteria for you is that you have to be employed or self-employed with a minimum monthly salary of at least RM 4,000.

Just how much can you really borrow?

Citibank actually offers a much higher amount for personal loans if you were to compare it to what other local banks are offering. You are able to borrow anything between RM 5,000 and RM 150,000 depending on how much you need. Based on the outcome of your credit check, another privilege which you are entitled to is, you can qualify for a loan of up to 8x your monthly salary. However, please take not that you are only entitled for this if you have a minimum monthly earning of RM 5,000 or an annual earning of RM 60,000.

How do I improve my chances on a personal loan with Citibank?

Here are a couple of ways which you can use to increase your chances on getting that personal loan which you wanted from Citibank. The first thing you need to do is to pay off all your credit card bills. Clear any outstanding debt which you may have. The next thing that would reduce your burden and make it easier for you to qualify would be to choose a longer tenure which could be a 5 year tenure. This will reduce your monthly re-payment to the bank and increase your chances on qualifying for this personal loan.

Interest Rates

Let’s move on to the best thing about the personal loan that is offered by Citibank. Nowadays, you would be considered lucky if you were to get a loan with an interest rate of 9% but with the Citibank personal loan, you are only charged on an interest rate of 7.5% which is not something you would get from any bank around unless you applying for a loan as a civil servant. Keep in mind that you don’t have to go running around for and neither would you have to pledge a collateral for Citibank’s personal loan.

The Overview

If you were to take a close and understand what is being offered here, you would not have to worry whether it’s a medical emergency, a beautiful home library you intend to build or even simply the need for sudden cash flow, Citibank offers you one of the best personal loans with interest rates which are as low as what civil servants are offered, you can be assures that this is the loan which you have been looking for. Forget all about additional charges for your processing fee as is isn’t any and just sit back and enjoy the lightning fast disbursement which allows you to receive the money whenever you need it.

CCRIS For Dummies

What is CCRIS ?

Credit worthiness of a customer can now be evaluated by banks by one of the tools which is referred to as the CCRIS report which is acquired and maintained by Bank Negara Malaysia. CCRIS has indeed become a very crucial tool used for the decision-making for banks for customer’s applications ever since the beginning of August 2001. One of the main benefits of this report is that it provides for real-time and on-line functions for all banks to query any computerised customer credit reports thus allowing them to provide essential credit information about a customer to Bank Negara Malaysia.

Important information that CCRIS provides the banks with:

It provides information of all existing personal credit facilities of a customer, for instance, the type of facility, and also ownership of the credit facilities
Information of an individual’s total financial commitment, and that includes the balance outstanding along with the total limit for each of the credit facilities
Get to view the credit facility for over the past 12 months and this includes legal status as well
Some additional information which may be obtained would be the Date of Information Update, Frequency of Payment with the Type of Collateral involved

By reading all of the above, you are probably worried already that your credit information could and even might be abused but do take note that your information is confidential and it can only be accessed by those who are given authority in the banks and this information is kept away from public viewing at all times. You therefore need not have to worry about your information being spread to others. Details in your credit report as stated below.

Information can only be obtained by a particular bank only if you make a formal credit application
Other banks will not be able to view your details at any one time
Your deposit and investment accounts will not be displayed
Financial institution of which you borrowed from will not be displayed
The credit facility enjoyed by yourself will not be displayed
The conduct of facilities for only a one year period is shown and nothing more is revealed

So, what type of information is actually obtained when a bank extracts a CCRIS report?

Summarized Credit Report – Conduct of account on the customer and details on the total credit exposure
Detailed Credit Report – New credit applications are displayed and also the details on specific outstanding credit facilities
Motor Vehicle Report – Information of motor vehicles which are used as a guarantee for credit facilities
Customer Supplementary Information Report – Details of customer information such as the address, telephone number, employees name and occupation of that customer which dates back over a 3 year period.

Note that if you would ever want to get your hands on the credit report directly from Bank Negara Malaysia, only a Summarized Credit Report can be obtained. This will be a simple report which will list down all outstanding loans which is under the borrowers name and this includes joint borrowings, sole proprietorships even partnership borrowings as well as those from other associations.

Despite what most people would think, this is not a blacklist system as what most people around have perceived it to be. In actual fact, this is one of the methods used by financial institutions to help them gather the necessary information and view the credit histories of potential or current borrowers.

Do keep in mind however that CCRIS is only used as a tool by the banks for making certain decisions when it comes to approving loans of applicants with hopes that it might help the banks reduce any potential risks that they may face is the future if they intend to make any approvals for their customer’s applications.

However, you should also know that most of the successful loans do not rely solely based on CCRIS records alone. Many other factors come into play when determining the viability of a loan to a customer. If you take a housing loan for example, one thing that is taken into consideration is the value of the property and also your capability to service the monthly repayments but if you are looking for unsecured loans, then yes, CCRIS is crucial.

A few tips for those with a bad record

If you’re already having a bad credit record, don’t worry too much about as there’s always a way to raising your credit score and it’s not as complicated as what it seems but it will take discipline and hard work.

When you have your credit report in your hands, be sure to check it regularly as there might be some errors stating that your payments were made late although they were made on time.
Always pay your bills on time. Failing to make payments on time will affect your credit score.
Learn to spend wisely and pay off any outstanding credit card debt. Having a high debt on your card is another way of pulling your score down.

These are basically some good habits which we all should have regarding money right from the very beginning but if you already have a bad record now, it’s not too late to make things right again. Although you might be feeling a little bit down or upset, you will be able to rise back up to where you were once again.