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Standard Chartered Bank Malaysia Berhad, Tawau Branch.

518, Jalan Habib Hussin, 91000 Tawau, Sabah
Phone: 6089-772 477 / 772 478

Western Union
www.westernunion.com.my/en

Western Union Financial Services (Western Union) is The world's largest money transfer network. Under Western Union's system you can send and receive money to and from around the world in a fast, save, easy and trusted way.

Western Union is one of the most trusted remittance network in the world.
 

CIMB Bank
Block 30 Kompleks Fajar, Jalan Haji Karim, 91000 Tawau, Sabah, Malaysia. Phone: 089-762200
 

Financier, Stock and Banking
A Banking & Finance programme aims to produce graduates equipped with the knowledge and core competencies and dispositions necessary for a career in the banking and finance industry.

Career Prospects for A Banking & Finance graduates:
• Credit Processing
• Mortgage Sales
• Treasury Services
• Customer Relations
• Wealth Management
• Fund Management

Academy Level required for a Banking & Finance career:

Bachelor of Banking and Finance (Honours) - 3 years
Diploma in Business Studies (Banking and Finance) - 2 years
Diploma in Banking and Finance - 2 years

Debt is something that almost none of us can avoid. After all, most of us will be buying our own home in the future while some might even have to take up a study loan for tertiary education. Nevertheless, some debts are more important to pay off than others. For example, it is imperative that you consistently make your mortgage payments as failure to do so can lead to the loss of your home. Equally important are utility bills because you might lose your supply if you miss the payments.

In general, a safe ratio level of debts is about 35 percent of your income, with 25 percent comprising your housing loan. Anything higher than that is a sign that you may need to reevaluate your finances.

The following are five guiding principles for dealing with debt:
1. View all your monthly payments as a single large payment.
Start by identifying all your financial obligations and calculate the amount that you will need to pay each month. Work out a budget to allocate part of your take home pay for monthly total debt repayments. Then, keep paying the same amount each month but reallocating as circumstances change and some debts get paid off.
2. If some loans are only subject to minimum payments, then always try and pay as much as possible on the smallest loan.
Pay off the loan with the lowest balance and proceed to the one with the next lowest balance and continue until all debts are paid up. Also known as the "debt snowball" method, it will effectively help you reduce the number of outstanding debts you may have, while giving you a feeling of success when you eliminate each debt one at a time.
3. If you can at all delay making payments on any loan, do so on the one with the lowest interest rate.
Instead of first focusing on the debt with the lowest balance, you may want to consider paying off the loan which incurs the highest interest rate. This will help save you more money in the long run because your debts will grow at a rapid rate if left unpaid too long, due to interest charges.
4. Compare loans to get the lowest interest rate.
If you were to get a loan, make sure you compare the different packages offered by various financial institutions. Get the one with the lowest interest rate that computes the balance on a daily basis and also comes with the option for early refinancing. This will help reduce the overall interest paid and shorten the loan tenure.
5. Don't ever agree to act as a guarantor for someone unless you have all the ready cash needed to repay that loan if he or she defaults.
It is essential that you think long and hard before you agree to act as a guarantor for someone. If the loan falls into arrears, you may be called upon to take over the payments from the person. Hence, you must have the funds available beforehand in preparation for something like that to happen. Only agree to act as guarantor for someone you know and can really trust.
Staying Out of Debt
When you are out of debt, it is difficult not to fall back into it. You will need to stay disciplined while developing good spending habits. The following are some things you can do:
- Don't buy what you don't need. If you are unsure, wait a few weeks and see if you still need it.
- Make your purchases with cash or via ddebit card. Only use your credit card if you are going to pay off the balance in full each month.
- Start a savings plan by putting money aside each month for something that you really want. Don't buy something that you cannot afford. As the saying goes, "Delayed gratification is the key to financial maturity".
Use a list when you go out shopping and stick with it.
- Carry out a regular income-expendituree review to ensure you are earning more than you are spending and always look for ways to maximize your income.

 

Telephone numbers of banks in Tawau Town :

Bank Islam Malaysia Bhd
1st Floor, Blok 41, Kompleks Fajar, 91000 Tawau, Sabah
 

Wisma MAA
Lot 1 & 2, TB 224, Town Extension II, 91000 Tawau, Sabah, Malaysia

Opening Hours:
Monday - Friday
Payment: 8.30 am - 4.30 pm

Customer Service:
8.30 am - 5.15 pm
Saturday, Sunday & Public Holiday: Closed

MAY BANK TAWAU BRANCH
262-264 Fajar Complex, Jalan Mahkamah, 91000 Tawau, P.O. Box 260, 91007 Tawau

089-752191
 

EON Bank (Tawau),
TB 4282 - TB 4285,
Jalan Haji Karim,
91000 Tawau,
Sabah, Malaysia.

TAWAU COMMERCIAL BANKING
BUSINESS CENTRE
1st. Floor, Lot 5, Block 27, Fajar Complex
Jalan Mahkamah, Town Extension II, 91000 Tawau, Sabah
Tel: 089-763922 / 779673 / 748288 Fax: 089-772152

RHB Bank
If there is any discrepancy on your RHB Bank Credit Card, do not use the card. Call us immediatelt at 03-92068118
In case of loss or theft of your RHB Bank Card, please report immediately to our Call Centre 03-92068118.
If you are outside Malaysia, Please call the nearest VISA/MASTERCARD member Bank office for assistance.

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