How to Pay Off Multiple Debts Strategically (Snowball vs. Avalanche)
Being in debt can feel like you’re carrying a heavy backpack you can’t take off. Every month, a part of your salary goes to credit cards, personal loans, car instalments, or even that buy-now-pay-later plan. It’s stressful — but the good news is, you can regain control with a structured debt repayment strategy. In Malaysia, […]
Why You Should Review Your Loan Portfolio Every 12 Months
Most Malaysians treat loans like set-and-forget commitments — you sign, you pay every month, and that’s it. But that approach can quietly cost you thousands of ringgit over time. Just like how you review your car’s performance with regular servicing, your loan portfolio also needs a yearly check-up. Doing this simple review once a year […]
5 Ways to Manage Debt Stress Without Hurting Your Mental Health
Debt isn’t just about numbers — it’s about emotions too. For many Malaysians, juggling loans, credit cards, and bills can feel overwhelming. Sleepless nights, anxiety, and even guilt are common when money feels tight. But here’s the good news: you can manage debt without losing your peace of mind. It’s about understanding the problem, taking […]
BNM: Loans Above RM100,000 Require a 15 Minutes Financial Education Module
Starting 1 January 2027, Malaysians applying for personal loans over RM100,000 will need to complete a short, 15-minute financial education module — a new requirement imposed by Bank Negara Malaysia (BNM). Here’s what this means for borrowers, why BNM is doing it, and how you can prepare. Why BNM Is Requiring This Module BNM’s goal […]
New BNM Rule: Financial Module for Loans Over RM100,000
Bank Negara Malaysia (BNM) has introduced a new rule: Malaysians applying for personal loans (personal financing) above RM100,000 will now be required to complete a financial education module before their loans can be approved. This policy applies to all licensed banks, Islamic banks, and development financial institutions, and is aimed at improving financial literacy, reducing […]