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 Personal financial management, V2

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mcfeemo
post Aug 1 2013, 10:27 PM

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alliance personal loan is offering the lowest for rate right?? 7.88% pa if loan repayment between 3 years
mcfeemo
post Aug 1 2013, 10:34 PM

Getting Started
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Junior Member
294 posts

Joined: Nov 2007
From: Cyberjaya/Sri Hartamas
Interest Rate :
9.88% per annum (flat rate). (Effective Interest Rate: 17.09% per annum based on 5 Years loan tenure)


icon_question.gif hi.... i dont understand... what is the different between the flat rate 9.99% and the effective interest rate 17.09%...
the banks always make us confused... rclxub.gif
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