can bro explaint to me what is reloan?

[unknownx89]

i am still not very sure what is reloan from bike shop.

example someone in the forum selling his bike for 2k.

and i do not have enough cash.therefore i went to bikeshop for reloan.

so do i bring a guarantor down for reloan if i am below 21?

do i need to pay the bikeshop any money?

[dyerfix]

to put it simply...

 

someone in forum selling for 2k but u dont have that amount...so u reloan from shop meaning the shop will pay the 2k to the seller in the forum...and u in turn have to pay back to the bike shop in instalments...but bear in mind..ur total loan from bike shop will be more than 2k as the shop will charge an interest rate...

 

below 21...likely u need a guarantor

 

tink there will also be some admin fee like agreement fee etc...this u have to check with shop...different shops may have differerent charges

[unknownx89]

so whats the normal procedure for reloan?

example someone in the forum selling bike for $2000.

i go to a bikeshop for reloan.will they loan me the full $2000?

and do i need to pay anything to the bike shop when the loan me $2000?

or pay them back through installment monthly?

[hafiezismail]

  unknownx89 said:

so whats the normal procedure for reloan?

example someone in the forum selling bike for $2000.

i go to a bikeshop for reloan.will they loan me the full $2000?

and do i need to pay anything to the bike shop when the loan me $2000?

or pay them back through installment monthly?

 

 

the procedures have been clearly being explained by 'dyerfix' liao le..Thats how you should follow regarding the reloan