Loan

[jassy2]

Can anyone recomand bike shop for loan? intend to get a bike from this forum but most of them asking for cash. Need to know where i can do a reloan. Thanks

[B20]

Hitachi

[xiaodai]

A.S.Phoon

[merlino]

so which is better? Hitachi or AS Phoon? Ho wmuch is the interest? i.e Loan $6k

[jassy2]

anymore?

anyway what is A S Phoon number?

[merlino]

Jass: I would suggest Hitachi.

[Guest limpeiwah]

GE money. go to any singapore post office

[jassy2]

Originally posted by merlino@February 19, 2007 06:22 pm

Jass: I would suggest Hitachi.

but hitachi got lots of requirements. They require $24k income per year and i dun earn that much. Saw their website just now.

[hafiz84]

jass: hitachi gt alot of requirement.. 1st thing they only do class 2 bikes..

used 2 call them bt rejected..

 

may wan 2 try everbright bt nowaday bike shop dn do reloan...

[jassy2]

Originally posted by hafiz84@February 19, 2007 06:38 pm

jass: hitachi gt alot of requirement.. 1st thing they only do class 2 bikes..

used 2 call them bt rejected..

 

may wan 2 try everbright bt nowaday bike shop dn do reloan...

gezzz....thought of buying a 2b bike only...

[Refugee]

GE money is a good choice, as mentioned above.. but 20%+ interest would be a killer....

 

Hitachi only do it for Class 2A and above... 6k should be 2A or 2 bike... but like you mentioned, theres a income requirement...

 

last option is to approach bike shops for hire purchase.. but alot more steps involve and not 100% loan.. still gotta cough up money...

[jkaiser]

Typically they only loan up the to market value of your bike. So if the bike that you're buying is priced way above its market rate cos u're either a roberto or you're paying for accesories, then u have to foot part of the costs

[jassy2]

Originally posted by Refugee@February 19, 2007 06:41 pm

GE money is a good choice, as mentioned above.. but 20%+ interest would be a killer....

 

Hitachi only do it for Class 2A and above... 6k should be 2A or 2 bike... but like you mentioned, theres a income requirement...

 

last option is to approach bike shops for hire purchase.. but alot more steps involve and not 100% loan.. still gotta cough up money...

Just saw the GE Money website, think i'll take up the personal loan and pay from there. Instead of taking a loan for the bike.

[hafiz84]

GE require mth pay of how much 2 apply..?

[merlino]

So anyone with Hitachi experience?

[cbr_boi]

Originally posted by hafiz84@February 19, 2007 09:17 pm

GE require mth pay of how much 2 apply..?

hi.. i'm also looking for a loan to get a cl2a.. but dun know where can i get it from.. wat is the process?? maybe u can share then i also can go do it.. thanks..

 

[merlino]

Let me relieve your agony.

 

GE Money Requirements, more at the following:

http://www.singpost.com/singpost_01consumer_fServ.htm#

 

from the website, it says:

"Anyone who earns more than S$1,600 per month may apply. You can get a loan amount of up to 4 times your monthly income. ezyCash provides you with affordable monthly repayment plans and fast processing turnaround."

[xiaodai]

A.S.Phoon number 65150770.. Interest is 8% but i dunno whether you can loan up to 6k anot.. Coz tat time i onli loan up to 3k... Good luck..

[qgixxer]

wow... great info here!! thx merlino 4 putting up e link...

btw, let's do e math here...

 

Hitachi: 5% int per annum

Motodiam: 4% (brand-new) - 10% (sumtimes a lil' bit more) int per annum

GE Money: almost 20% int per annum

 

so fellow bikers, pls relook e method of choosing ur loans... obviously, banks or financial institutions charge exorbitant rates 'cos tt's one of their primary source of income... a word of advice: do e math with me!

[Twilight_Soldat]

Hi,

 

Just to share a few observations. If you look through the Classified Ads for the past few weeks, you would have noticed that there would be a GE Advertisement for repossessed cars. It is always a long list and it seems as though the car-buyers jumped onto GE's wagon to get the loan without considering the consequences.

 

I've tried looking around too, although just briefly, and yes Hitachi only loans for bikes >1000cc.

 

As for Everbright, I once bought a first-hand bike for hire-purchase. Low interest of around 2.88% I think, but there was once I defaulted on payment for a month plus and I received a 'red letter' for repossession within 14 days.

 

However I guess if one commits to paying on-time it'll be fine. Eh just don't be too rash in your decisions. If you're not earning much, anything above $250 is terrible. Imagine for the month where you have to pay for Road Tax or your insurance renewal. Your savings will be zilch.

 

Unless of course fortune comes your way..

 

All the best. Hope this helps.

[merlino]

Wise words indeed.

[jassy2]

Originally posted by hafiz84@February 19, 2007 09:17 pm

GE require mth pay of how much 2 apply..?

$1600.00

[rai_sg]

Originally posted by Twilight_Soldat@February 20, 2007 07:56 am

Hi,

 

Just to share a few observations. If you look through the Classified Ads for the past few weeks, you would have noticed that there would be a GE Advertisement for repossessed cars. It is always a long list and it seems as though the car-buyers jumped onto GE's wagon to get the loan without considering the consequences.

 

I've tried looking around too, although just briefly, and yes Hitachi only loans for bikes >1000cc.

 

As for Everbright, I once bought a first-hand bike for hire-purchase. Low interest of around 2.88% I think, but there was once I defaulted on payment for a month plus and I received a 'red letter' for repossession within 14 days.

 

However I guess if one commits to paying on-time it'll be fine. Eh just don't be too rash in your decisions. If you're not earning much, anything above $250 is terrible. Imagine for the month where you have to pay for Road Tax or your insurance renewal. Your savings will be zilch.

 

Unless of course fortune comes your way..

 

All the best. Hope this helps.

sorie for my ignorance... but wheres everbright...

[kailong]

yeye, everbright's 2.88% is definetly very low!!!

 

i'm thinking of taking up loan with everbright as well...

[operator]

GE 20% interest like credit card sia. And we can only know the number of bankrupts associated with CC loans...