Hi Lamode

I believe you have heard about the "time value of money" concept that a Ringgit you have today is worth more than a Ringgit tomorrow. The reason: today's Ringgit can earn interest by putting it in a savings account or placing it in an investment. The longer it takes to get RM1, the less it is worth today because interest is being lost. Also, if you look at your future earning potential, it will definitely be better than today. So in theory it is better to delay payment to a future date as long as you don't have to pay high interest for the debt and since your salary will increase over time, the instalment amount will get proportionately smaller compared to your future earnings, ie you will feel less pain with each advancing year. Another positive view is that you can invest or deposit your Ringgit (which you have set aside to pay the instalment payment) to earn extra interest income now. If I were you, I would be jumping with joy to have such good deal.... and I am jumping with joy