Reloan: Transparent

[misterbean]

Originally posted by chickenbackside@Feb 8 2006, 08:25 AM

Do you know which companies give preferential rates to people who already own cars? Or if I can approach the loan company for my car to finance a bike purchase? I don't think they do bike business bt default.

 

Sorry, I do not know of any. Thus far, what I can see is that they don't really look at car ownership and or your credit standing with the car loan company. Guess its could be due to difference other factors making up the risk profile of drivers and owners, as well as the smaller loan quantum

[TheYasMan]

Guys... Do they have any sort of criterias that our guarantor has to fill?

[lo-on]

Originally posted by chickenbackside@Feb 8 2006, 08:25 AM

Do Otherwise, will need to just bite the bullet and pay in full cos 5% is ridiculous to me. I only pay 2.7% for my car.

From what i know is that Pleasure MotorSports offer at the lowest 4.75% flat interest rate per year, the lowest in Singapore and the only 1 so far to compete with Hitachi Credit.

 

But the advantage they have over Hitachi Credit is that they do provide loans for all 2B, 2A and class 2 PROVIDED the loan is aproved ....

[lo-on]

Originally posted by theyasman@Feb 9 2006, 12:15 AM

Guys... Do they have any sort of criterias that our guarantor has to fill?

think is best u call them at 6745 4545 to find out more. They will be in a better position to answer u than any one of us here.

[mamat]

applied loan for $9000.few days oredy no reply.think not approved.sian

[adrianlkl]

anybody here knows whether pleasure provide reloan to buyers buying from bike owner who still has outstanding loan on their bike?

 

what r their procedures if they do provide this service?

 

tnks.

[niCkiee]

i reloan my bike frm pleasure motorsports.. n IMO its one of the best motorshops ard =)

[mamat]

Originally posted by niCkiee`@Feb 13 2006, 12:02 PM

i reloan my bike frm pleasure motorsports.. n IMO its one of the best motorshops ard =)

How much did you reloan?is it the full amt?

[StingRhea]

friend wanted to loan for a 2nd hand ducati.

 

one moment the lady told him gurantor with mthly income of 1.8k will do, and hwen he found it;

 

she told hm $2.5k. sounds pretty ridiculous to change conditions as quick as a flip of a prata.

 

told my friend next time dun go for verbal agreements but black n white ones.

 

think he went thru alot finding a gurantor but in the end cant process the loan due to a change of the verbal agreement.

 

nevertheless, he is forced to make a new search of a new place that can provide loan after this experience.

[overcrash]

Originally posted by zniper@Jan 9 2006, 03:00 AM

agreement fee $150??? hate shops wif agreement fees... for wat? it's juz for their paperworks and mayb a few photocopies papers...

u think w/o all these "gimmicks" the shop will wanna lend u money ?

then they earn wat ? interest is not enough my friend...

 

anyway if u wanna loan, u gotta agree to their terms...

if not dun...

no one force you...

 

like the threadstarter, the reason y i go to them is cause of transparency, i rather u tell me everything , then tell me when i going to sign...

[jeremy_kokwk]

Originally posted by mamat@Feb 15 2006, 11:53 PM

How much did you reloan?is it the full amt?

Do you mean you purchase a second hand bike from a private seller but loan the money from Pleasure Motor?

[13randon]

Originally posted by antonioshabirto@Jan 24 2006, 05:02 PM

EVen though Loan is transparent and admin charges are cheap..... but HER SERVICES Sucks!!!!!! She looks down on my buyer who ask for loan.....

 

She gave stuck up remarks and never advise my buyer anything.....

 

Even though i know em very well and have services some of us mid income well.... i gave them a thumps down for her attitude!!!!

Pls lor she wont look down on pple leh. My XR loan is from there also wad my income is low too, shes only letting the buyer know the facts in case nxt time the buyers no money to pay then the buyers will be in a terrible situation.. ip for Miss Chan!

 

Dont badmouth pple when your selling is not successful ok.

[overcrash]

Originally posted by 13randon@Mar 14 2006, 03:59 PM

Pls lor she wont look down on pple leh. My XR loan is from there also wad my income is low too, shes only letting the buyer know the facts in case nxt time the buyers no money to pay then the buyers will be in a terrible situation.. ip for Miss Chan!

 

Dont badmouth pple when your selling is not successful ok.

i agreed on this.

Miss Chan is a very good lady.

Will always advise on financial stuffs as she really dun wanna see bikers get their bikes tow back by the shop or see any of them in accidents or financial pitholes.

Very friendly and chatty person.

Never once did I see her as "look pple down" kind of pple.

For you info , the loan i got was only 2k, and i used 2 years to pay...

so if you say look down, think my kind of peanuts shld be quite a good joke...

[frank2000]

I just called,the reloan interest rate juz went up to 5.25% for 2nd bike yesterday, and cannot reloan to PR.......must be citizen.....Sad...........

[blackheart]

So when u get a loan from them the bike's owner will still be u? Or the bikeshop will take over and transfer to your name after loan is fully repaid?

[MiCmAsTa]

NOw the reloan for used bikes stands @ 5.25% p.a

Documentation fee @ $180

 

Sorry, made a mistake in the documentation fees...

 

Anyone wanna take loan from pleasuremotor sports can look for either me or Hong. Maybe we can help in some ways...

[StingRhea]

alwyas get balck and white terms and conditions. if not like my friend have to find new gurantor/bike loan.

[bluelabel]

If say i wan to take a 4k loan , how much must my pay be ? (cos i get paid by cash every end of de month and dont have cpf)

and also my gurantor`s min pay should be how much ?

 

and also do i have to pay anything upfront 1st? if yes how much ?

 

soRry for asking.

[MiCmAsTa]

Originally posted by StingRhea@Mar 31 2006, 01:55 AM

alwyas get balck and white terms and conditions. if not like my friend have to find new gurantor/bike loan.

Brother SR, what happen to your friend? Care to share?

[MiCmAsTa]

Originally posted by bluelabel@Mar 31 2006, 02:35 AM

If say i wan to take a 4k loan , how much must my pay be ? (cos i get paid by cash every end of de month and dont have cpf)

and also my gurantor`s min pay should be how much ?

 

and also do i have to pay anything upfront 1st? if yes how much ?

 

soRry for asking.

There isn't any minimum requirement. They just wanna see whether you/gurantor have a stable income thats all. For your case, You have to check with them again?

 

You only have to fork out Insurance + Transfer Fee + Admin Charge upfront.

[davidww81]

pleasure have up their interest to 5.25% already

[MiCmAsTa]

Originally posted by davidww81@Mar 31 2006, 10:24 AM

pleasure have up their interest to 5.25% already

Its on my posting @ the top....

[KuKuBird]

well ms chan is a very kind lady. 2 years ago, while i was enquiring loan, the boss wrote in his email stated 6%. i went down there with ex-owner of my current bike and gurantor everything..

 

ms lim/lin (dunno still there?) said 8%. i was like wtf. told her boss emailed me 6% blabla. she replied market rate change. LL. admit i stupid la, nv kp much, just took up loan.. =(

 

then after paying installment for 1yr +, met ms chan. (nv see her b4 cuz i pay my loans in morning, she work afternoon) tok c*** with her, then brought up my loan very expensive blabla now only 4+%. thats when i told her everything. she fought all the way for me man.. now, i got rebate once i settle my loan.. @ 6% as promised! (i have the email to prove the boss promised 6% anyway)

 

[StingRhea]

Originally posted by StingRhea@Mar 7 2006, 01:16 AM

friend wanted to loan for a 2nd hand ducati.

 

one moment the lady told him gurantor with mthly income of 1.8k will do, and hwen he found it;

 

she told hm $2.5k. sounds pretty ridiculous to change conditions as quick as a flip of a prata.

 

told my friend next time dun go for verbal agreements but black n white ones.

 

think he went thru alot finding a gurantor but in the end cant process the loan due to a change of the verbal agreement.

 

nevertheless, he is forced to make a new search of a new place that can provide loan after this experience.

here u go MicMasta~

[Niti]

HI Bros

 

I'm thinking of getting a reloan from Pleasure Motors for my 2nd bike which I intend to buy from a private owner, worth 22k. The thing is, I still got installments left for my 1st bike, as well as a renovation loan which I recently took from a bank. Any idea if my loan application from pleasure motors would be affected by these?