Not all types of businesses may necessarily warrant a business bank account—maybe you are just a freelance writer or a freelance graphic designer who works on projects on a part-time basis. For these folks, the belief is that as long as you can handle the current volume of transactions of your personal and business expenses, […]

Anda ingin tahu apa itu kemudahan overdraf (overdraft facility), dan bagaimana untuk menggunakan kemudahan ini? Ketahui lebih lanjut dalam artikel ini dan lihat jika kemudahan ini sesuai untuk keperluan kewangan anda. Kemudahan overdraf ialah sejenis pinjaman dibawah kategori demand loan (pinjaman dimana peminjam perlu bersedia untuk membuat bayaran balik pada bila-bila masa) yang ditawarkan oleh […]

Anda mungkin sering berhadapan dengan terma kadar faedah rata (flat interest rate) dan juga kadar faedah baki berkurangan (reducing balance rate) sewaktu ingin memohon pinjaman. Namun, adakah anda faham perbezaan antara kedua-dua kadar tersebut? Tahukah anda bagaimana pengiraan kadar faedah tersebut dilakukan, atau anda hanya berharap kepada bantuan pegawai bank? Jangan biarkan anda berada dialam […]

Most of us are unaware of how important it is to start building our credit scores early in life. We only realise this 3-digit number plays a vital role in getting our bank loans and credit card applications approved later on. Read on to find out why you should start establishing your credit score at […]

It is important to keep your credit score in good shape so you can apply for loans, credit cards and get lower interest rates. Read this article to find out six bad financial decisions that can hurt your credit score.  A good credit score is a great privilege. It increases your chances of securing a […]

Bank Negara Malaysia (BNM) recently announced that it will maintain the Overnight Policy Rate (OPR) on 20 January 2021. But as a Malaysian, what does this mean for you? If you haven’t already heard, Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.75%, the lowest level since it was […]

A good credit score can help you achieve important milestones in life – like getting a loan for your home, buying a car or starting a business. However, there are many misconceptions out there about how credit scores work. Here are the most common credit score myths that you should be aware of. Your credit […]

Greater financial inclusivity would open more opportunities for people to build savings, make investments and have access to credit. In this episode of #CHInsights, we take a deeper look at how credit accessibility affects the state of financial inclusivity in a county.  In a world still ravaged by income inequality, poverty, and socio-economic issues, country […]

UOB Bank combines in-house AI capabilities with best-in-class financial technology to empower its customers to make wiser financial decisions through the UOB Mighty app. UOB Malaysia recently launched Mighty Insights, the country’s first artificial intelligence (AI)-based digital banking service to make it simpler and smarter for customers to manage their finances via the Bank’s all-in-one […]

A credit report is important because it helps you assess whether you are eligible to apply for a credit card, personal loan or mortgage. Read this article to find out how you can read and check your credit report for free! Getting rejected for a credit card or loan isn’t a personal slight against you, […]

Bank Negara Malaysia (BNM) has recently announced that it will establish additional financing measures to provide relief and support to small and medium enterprises (SMEs), following the release of Budget 2021 by the Ministry of Finance last week. These measures, which include additional targeted repayment assistance for individuals and SME borrowers, and several other initiatives, […]

Mortgage lenders take your credit score into serious consideration when you apply for a house loan. Therefore, it is important to make sure that you have a good credit score in order to be perceived as a low-risk borrower. But how do you know if your credit score is good enough for a mortgage? Read […]

If your finances are still affected by the pandemic, rest assured knowing that Bank Negara Malaysia (BNM) has confirmed that repayment assistance will extend until 2021. This article explains everything you need to know about the targeted assistance, read more to find out. Though the continued uncertainty surrounding the country’s economy has left many Malaysians […]

Banking institutions are ready to assist borrowers or customers in CMCO and EMCO areas, according to a joint statement released by The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (ABIM). Following the announcement that Sabah, Kuala Lumpur, Selangor and Putrajaya will be placed under a Conditional Movement Control […]

The new MAE mobile app provides an ecosystem for Malaysians to better manage their everyday money matters. One of the biggest challenges we face when it comes down to money management is finding one platform that helps you navigate through all your financial needs. But the newly launched MAE by Maybank2u app could be the […]

About 500,000 applications for repayment assistance have been received by Bank Negara Malaysia (BNM) as Malaysians transition into targeted repayment assistance following the end of the six-month loan moratorium period on October 1, according to BNM. To aid vulnerable Malaysians who are struggling with their loans, banks have introduced a range of packages for affected […]

Skip the queue and make branch appointments online through Maybank EzyQ, a newly launched online appointment management system created with the goal to enhance customer safety and convenience. Maybank is the first bank in the country to introduce such a facility for a full suite of banking services. “With the pandemic, we’ve had to change […]

If you are struggling to make your loan repayments, Malayan Banking Bhd (Maybank) is now providing three options to apply for post-moratorium assistance packages before the existing six-month COVID-19 moratorium ends. Read this article to find out how. At time of writing, we are only a month away before the 6-month COVID-19 loan moratorium ends […]

Due to the impact of COVID-19, digital banking is expected to rise and transform the financial service industry in Malaysia. This requires digital banks to comply with the digital banking framework issued by Bank Negara Malaysia (BNM). But what is digital banking, how does it work and are businesses and consumers ready for it? Read […]

Bank Negara Malaysia (BNM) announced another Overnight Rate Policy (OPR) cut, making it the fourth reduction for 2020 on 7th July 2020. As a Malaysian, how can this low interest affect you in the best way? Here are 6 savvy ways on how you can take advantage of this lower OPR. If you’ve been following […]