How do Bank Loans Work?

Completely new to banking and curious how the whole 'loan' thing works? Or just introducing the concept of banking to a newbie? This simple comic is the perfect thing to share around!

We're sure many RinggitPlus users are already well aware of the answer to this. But do you know why banks need to charge interest? Or why there are banks around in the first place? Don't worry if you're not entirely sure of the answers to these, because we've put together a quick graphical explanation to help you. The comic below can also be useful to teach young ones about the basics of how bank loans function. Check it out!

Helping you look for the best financial instruments out there is what we do best, and you're welcome to browse around the site to find the best personal loans, home loans, and other products that fit your needs. Do you have anything to say about this comic? Do let us know in the comments section down below!


Agree or disagree with this post? Questions? You also have your word!

  • MS Wong

    I want to apply personal loan for my study..
    But I want a bank with lower interest. Pls help me


      Try pembiayaan boleh ubah bank rakyat 😆😆

      • RinggitPlus

        Hi Ms Wong,

        You may use our tool on our website to find one that is most suited to your needs.

        Thank you

      • Joannjoen

        which car loan is the best, low interest rates?

      • Mohd norazan b and aziz

        Im not understand english 100%...did u learn for me in bahasa..tq

        • sha

          Hi i would like to know any bank give loan to settle my fews credit cards and i'll pay to one amount only to the bank?

        • AlanLo

          Do you have website tools on business loan?

          • RinggitPlus

            Hi AlanLo,

            We don't currently, but that sounds like a good idea. Thanks for your question!