Finances

We can't 100% eliminate the risk of getting ZIKA virus, but the contagious virus infection is hitting right on our shore lately. Although only a few cases being reported in Malaysia as to date, we can't deny that the virus can spread very fast nationwide within a short span of time. Does your insurance cover you if we unfortunately infected by the virus? The popular question in town... Spread by this deadly Aedes mosquitoes , it brings with it the contagious dengue bacteria and also Zika virus now. The symptoms are very similar for both. People with Zika virus disease can have symptoms including mild fever, skin rash, conjunctivitis, muscle and joint pain, malaise or a headache. These symptoms normally last for 2-7 days.  There is a scientific consensus that Zika virus is a cause of microcephaly and Guillain-Barré syndrome. Links to other neurological complications are also being investigated. Covered by insurance? Finance Malaysia Blog took the initiative to get the answer f...

Yeah. You see it right. Eligible developers can now apply for moneylenders licences to provide loan facilities of up to 100% to property buyers. The licence would be issued by the Urban Well-being, Housing and Local Government Ministry under the Money Lending Act 1951 (Amendment) 2011. Developers providing housing loans??? With this new licence, developers can help their customers to finance whatever percentage of the property purchase price. The ministry views this as a win-win solution for both developers and house buyers. House buyers who faced difficulties of getting a loan can have another source of funding now. Meanwhile, developers can now easier to sell their property as well as profiting from the end-financing schemes. Sounds good? Don't happy too early... What's the terms and conditions? It's open to all house buyers (not necessarily first-time buyers) Interest rate of up to maximum of 12% if with collateral Interest rate of up to maximum of 18% if withou...

Chances are if you’re reading this, you are one of the millions of credit card users in Malaysia. But  did you know there are various credit card scams in Malaysia that you need to avoid at all costs? Read on to find out more... Use Your Credit Card Wisely When you’re out for a meal or shopping and want to pay with your credit card, make sure you know  that it is only being charged for what you actually used it for. Go over the bill and payment slip and  triple check the transaction to make sure you’re not being charged for ‘ extras ’. Plus you should keep an eye on your credit card at all times. Don’t run the risk of having your credit card stolen or swapped with a fake. And in the worst case scenario, if you have lost or had your credit card stolen, call the bank’s 24-hour hotline and have it cancelled immediately! Protect Yourself Online At All Times Buying something online? Always make sure that your connection to the website is secured by  checking the...