THE 3 BASIC DOCS YOU NEED TO APPLY BANK 🏦 LOAN

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When applying for a loan in Malaysia as an employee, here are the three most basic documents you typically need to provide

1. EPF Statement (Employees Provident Fund)

Purpose is to show your retirement savings and contributions, providing banks with additional proof of your employment stability and financial planning.

Because it includes your contribution history and account balance, demonstrating your job consistency and financial discipline.

2. Proof of Income (Company Payslip)

To demonstrate your ability to repay the loan.

Recent payslips (usually the last 3 months) or an employment letter confirming your position and salary. These documents help the banks assess your financial stability and repayment capacity.

3. Bank Statements

To provide an overview of your financial transactions and verify income consistency.

Typically, the last 3 to 6 months of bank statements are required to show regular income deposits and financial behavior.

These documents help the banks evaluate your creditworthiness and ensure that you have a steady income to meet loan repayments. Preparing these documents accurately will facilitate a smoother loan application process. Depending on the banks and the type of loan, additional documents might be required, such as a credit report or evidence of other financial commitments.

As a loan advisor, we're here to guide you through the process and ensure you have everything you need. Wanna know more? Follow @se.solutionsevaluating