Loan Bank: Nurul Sakinah Binti Hassan Siti Nur ‘ain Binti Md Noor

Loan bank Nurul Sakinah binti Hassan Siti Nur ‘Ain binti Md Noor

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PLANNING ON THE PERSONAL BUDGET

PERSONAL BUDGET AMOUNT Food and Drinks

RM 100

Education

RM 45

Saving

RM100

Others

RM 75

TOTAL AMOUNT

RM 320

PERSONAL BUDGET FOR A MONTH

ANNUAL BUDGET = MONTHLY BUDGET X 12

= RM 320 X 12

= RM 3840 Food and Drinks

=RM

Education = RM Saving = RM Others = RM

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Based on the monthly expenses, we spent the allowance money RM 430 for food and drinks that is RM 100.The percentage of food and drinks from the pie chart is 31.25%.Besides that, we also spent our money for saving RM 100 so the percentage is also 31.25%.As a trainee teacher,we need to buy many reference books and learn’s sources.So that, we must spent money for our education payment at least RM 45, so the percentage is 14.06%.Lastly,the others 23.44% is for our personal budget,such as our broadband bill, ticket bus payment, clothers and ect we spent about RM 75.

MONTHLY INCOME AND BALANCE IN HAND MONTHLY INCOME  Allowance : RM 430  Monthly Income : RM 430 

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BALANCE IN HAND PERMONTH

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Monthly Income : RM430 Total Amount of + Personal Budget : RM 320 Balance In Hand : RM 110

Information About Three personal loan schemes

Detail about the three bank that we had research

• Bank Simpanan National • Cimb Islamic Bank • Bank Rakyat 

BANK SIMPANAN NATIONAL year

1-2

3-5

Interest rate 3.5%

4.49%

Loan amount 5000

Rm432

Rm223

Int erest rat e of 4.49% for 5 years Loan am ount needed:RM5000 RM224.50 RM 224.50

RM1122.50 RM102.00

Rm158

Rm102

CIMB ISLAMIC BANK YEAR

1

2

3

4

5

MONTH

12

24

36

48

60

234

164

129

108

INTEREST 0.46% RATE LOAN AMOUNT 5000

444

Int erest rat e 0.46% per a m ont h Loan needed: Rm 5000 Rm 23.00 Rm 23.00 60= RM1380 RM108.00

BANK RAKYAT YEAR 1 MONTH 12 INTEREST 4.9% RATE

2 24 5.1%

3 36 5.1%

4 48 5.5%

5 60 5.5%

230

161

128

107

LOAN AMOUNT 5000

438

Int erest rat e of 5.5% of 5 years Loan needed RM5000 RM275.00

COMPARING AND CONTRASTING BETWEEN PERSONAL LOAN SCHEMES

Name of Bank Categories

Financing Amount

BANK BSN

CIMB ISLAMIC BANK

BANK RAKYAT

RM5000 (5 times monthly incomes)

RM 5000 (5 times monthly incomes)

RM 5000 (up to 5 times monthly incomes)

Profit Rate

4.79% a year till 5 years. 5.10% a year till 10 years. 0.46% monthly

Average of Age

21 – 58 years old

18 – 58 years old

18 – 58 years old

Subject to total deductions not exceeding 60% (government) or 50% (private).

By “biro angkasa” which deduction income is not more than 60% from the monthly income

monthly deductions not exceeding 60% of gross monthly income.

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Payment Capacity

5.5% a year till 5 years. 5.70% a year till 10 years.

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Decision on Choosing a Personal Loan LOAN • From our searching, we have made our last decision to choose “Bank Rakyat” as the best to do personal loan. • DECISION 

There are many benefits of being the loaner in “Bank Rakyat”. First, it is suitable for our purpose, buying a laptop and printer for our personal using that is not false in Islam but for our convenience and security. The interest for Bank Rakyat of 5.5% for 5 year. The payment for 1 month just RM107.00. Moreover, with the money in hand we can pay the loan with our allowance. Beside, the requirement and qualification is not very hard to we use this a loan.

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COMPARING LAPTOP AND 5 difference of the price’s lists and brochures of PRINTER laptop

Personality Part number

Dell inspiron 1440 series

Lenovo G450 notebook series

Acer aspire 4736-G notebook

Compaq Presario CQ35- HP Pavilion DV216TU 1003AX

Promotion price

Rm 1899

Rm 2099

Rm2299

Rm2299

Remark

Intel ® dual core processor t4300

intel® core 2 duo processor T6600

Intel®core 2 duo mobile T6500

Intel core 2 duo processor AMD Athlon ™ neo T6500 MV-40

Window

Windows vista

Microsoft window XP Micosoft window XP home Microsoft window vista edition premium

MS window vista premium

Memory

(2.1 Ghz,800MHz,1MG cache) 320GB sata HDD

(2.2Ghz,800MHz , 2MB cache) 2 GB sata HDD

(1.6 GHz,512KB L2 cache) 2GB DDR2 Ram,320GB Hard disk

Model

Warranty Free

Dell notebook beg

Other facilities Dell Pc-camera DVD super multiburner Card reader slot Wireless lan

(2.1GHz,2MB cache,800Mhz FSB0 320GB sata Hard-Disk 4.0GB DDR2 RAM

(2.1Ghz,800GhzFBS,2M B cache) 320GB sata Hard-Disk 3.0GB DDR2 Ram

3 years

1 year

Rm2399

Upgrade to 4 RAM Acer back pack Pc webcam Card reader slot Wireless Bluetooth enable

Acer pc-camera 13.3” bright view LCD Dvd-rw multi writer PC-Camera Bluetooth Bluetooth 5 in 1 card reader intel® pro 56Kbps wireless 3945abg modem&10/100/1000 LAN

12” LCD Web cam ATI 3410(512MB dedicated video memory) Dvd-RW Bluetooth Wireless lan

Personality

3 difference of the price’s listd and brochures of printer

Model

HP deskjet F4280

Canon MP988

Samsung ML-2240

Promotion price

RM200

RM1588

RM299

Warranty

1 year

Print speed

20ppm

8.3/6.6pm

22ppm

Resolution

1200x2400dpi

9600x2400dpi

1200x600dpi

Copy Scan Fax Card direct

Printer only

Other facilities Printer Scan Copy

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Decision on Choosing a laptop and printer

Lenovo G450 Notebook Series

The advantage of this laptop is, it has Intel ® Core 2 Duo processor T6600 (2.2 Ghz, 800 MHz, 2 MB Cache).Besides, it is also has display 14.1 “ widescreen WXGA Glossy and the window is Microsoft Windows Vista Home Premium. It is has 2GB DDR3 SDRAM and 320GB SATA HDD. It also has many facilities such as Intel® Graphics Accelerator X4500 and the DVD Super Multiburner.Moreover,it is No.1 PC VENDOR IN UNIT SHIPMENTS IN ASIA PACIFIC 2008.We also enable to get Wi-Fi wireless and Bluetooth on this laptop. It also has pc webcam and card reader slot. The price is only RM 2099 and 0% for interest.

Decision 

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After we make some surveyed, finally we decide to choose the LENOVO’sbrand of laptop. The reason why we choose this brand because the feature and the advantage really exactly with what we want to have it. First, it is the No.1 PC VENDOR IN UNIT SHIPMENTS IN ASIA PACIFIC 2008.It also the new brand that was come out from the LENOVO’s company.Eventhough, the price of this laptop is not too expensive, but it is available to have it because of we care of the laptop. One of the advantage is, it has Intel ® Core 2 Duo processor T6600 (2.2 GHz, 800 MHz, 2 MB Cache).This laptop also use Microsoft Window Vista Home Premium that is the newest window.Besides,the widescreen also wide that easily and comfortable to us to view the screen. The strong evidence why we choose this brand is because it has Intel® Graphics Accelerator X4500, the DVD Super Multiburner, pc webcam and card reader than the other laptop.

PRINTER MP988 

This printer has many advantages and features than other printer.First,itis all-in one printer, auto photo fit and dual color gamut technology, 9600x2400 dpi printing resolution. While max speed is up to 8.3/ 6.6ipm.Theink droplet size is min. 1pland the total nozzles is 6144 nozzles. The paper handling is 2 way paper feeder and the interface is USB 2.0 Hi-Speed, pictBrige,bluetooth v1.2. The operational panel (display) is 3.5” LCD TFT colour. The weight of this printer is only 10.7 kg.Besides, the scan technology is CIS with the optical resolution is 4800x9600dpi and scanning bit depth 48/ 8bit (Grayscale)/ 48/ 24bit (Colour).The other features of this printer is it has push scan, auto scan mode, network scan, 35mm x 6frames (positive/negetif/film), 35mm x 4 frames (mounted slide). Furthermore, for the copy speed (colour) is 27 sec,the reduction or enlargement is fit to page copy and 25%400%. The multiple copies is max.99 pages. The price is about RM 1588.

DECISION

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After the discussing, we had to choose the model CANON MP988.The reason is because this printer fulfill our desire that we really want to have a printer like this .It also easy to handler because it has push scan,network scan and auto scan mode. Besides, the price is also available to us for buy it.Furthermore,this brand is friendly user and easy to refill the ink if the ink is empty.

General calculation/general budget The price of the laptop and the computer is about:• The price of the laptop + the price of the printer 

:RM 3687.00 

Money from the personal loan :RM50,00 • Balance from the purchase :RM5,000– RM3687 

:RM 1313.00 •

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So, based on our calculation. We will have a balance money RM1313.00. So, we can use the balanced money to buy the ink of the printer or we can also make it as a savings.

The balance of money per month. 

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Allowance given- personal budgettotal of money that we have to pay RM 430.00-RM 320.00-RM 107.00= RM 3.00

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So, based on our calculation we still have RM 3.00. We can saving the money for our future.

FINAL REPORT 

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After we had discussing together, finally we had decision to choose the loan from the Bank Rakyat to buy the laptop and the printer. The reason why Bank Rakyat was chosen is because all kind of people in Malaysia. Moreover, it is the best and suitable bank to us as a student to make a loan. We had choose the LENOVO laptop model. The reason why we take this model because nowadays, it is a famous model for a student. It is not too expensive and we are effort to pay it with a student price and it is very suitable to us.Furthermore,this model is very easy to find the place to service it. For the printer we had choose from the model CANON. It is because the canon is the friendly user and easy to refill the ink if the ink was empt.Besides that, the price is also available to us as a student to buy it.Finally,we had the right chosen to buy the best bank that is Bank Rakyat to make a loan before we buy the laptop and printer.