I need some help. I'm planning on getting a new computer. Lets say I pay by credit card, is it possible to convert that amount into an installment plan? I was looking at the Maybankard EzyPay page but I would like to get some opinions and ask a few questions. They say "Save money with 0% interest instalment plans" but is it really 0% interest? The computer costs 6300, so can I pay it all over 12 months at 500/month?

http://www.maybank2u.com.my/mbb_info/m2u/p...Key=CRD01.16.01

Sorry, I'm not so good at all this. I was planning on asking my parents to pay for it first and then I pay her back. Haha, so if I could get help it would be great!

BTW: I hope this is the right place

This post has been edited by JusticeDeserves: Nov 29 2010, 02:06 PM

convert non-installment to installments will cost you 9% 1 time fee

(6300 * 1.09)/12 = 572.25

For the first month only?

If u read carefully, it's 12 ... that's why times (x) with 12.

By the way, I think the 9% is charge 1 time upfront and not divided by 12.

So first month will be charge 9% x 6300 = 567 and 525 (6300/12). Following months will be 525. only.

This post has been edited by almeizer: Nov 29 2010, 03:30 PM

Why don't you just purchase the computer and make 0% easy payments directly at the shop ? The shop owner will charge you about 5 - 6 % only..
But each shop will have different policies..Better ask first before purchase

Yeah I called Machines. They said it's 4% interest only for the first time.
5234 * 104/100 = 5443

So if I take the 12 months installment plan, it will be 453(5443/12) a month. Now how much interest will Maybank charge?

There will be some sort of administration fee. Just find out from the bank.

Check the shop banking facilities first. Do they provide EZ payment 0% interest?

Its true free interest if the monthly payment you pay on time. But, bear in mind, watch your current credit limit...

if you use 6000, then month by month, you ll get back 500 credit limit...

i had done so many EZ payment, but need discipline to pay on time or else...

If u have alliance credit card then it's 0% until 31 dec 2010. Charge to your card then call them to convert to FPP (flexi payment plan).

This post has been edited by almeizer: Nov 29 2010, 07:41 PM

I'm using Maybank, do they have FPP?

EzyPay is a conversion into installment plan at the point of sales and it depends if the merchant has collaboration with Maybank with usually no interest/fee imposed.

EzyPay Plus is a conversion into installment plan after the sales took place and you'll be charged for upfront/on time fee.

So if I purchase the laptop from Apple(6300) with my credit card, I can contact maybank to convert that amount to an installment plan?

Damn this is so confusing.

You have to ask the merchant first whether they offer such installment plan with your MBB CC.

Anyone here successfully did the EzyPay Installment 0%?
Did you fill in some kind of form at the counter of the shop there?

No need.

If terminal supports EPP, just ask to convert at the terminal straight.

Just needed to check with some gurus here.

For Maybank EZPay, say i swipe for RM2700++, and under a 24 months EPP 0% interest plan , which means roughly RM118 a month.

Would this RM2700 be recorded into my bank statement and become an outstanding amount? Or is the outstanding only considered RM118 a month for the next 24 months?

Reason im asking this is because im applying for a bank loan and the agent just told me that im good for the loan but barely just made it so within the next 1-2 months try not to use the credit card for more then RM1000 otherwise i might fail the loan as they are still processing.

The thing is, i just made a swipe for the EPP without knowing this.

Would anyone be able to enlighten me? I checked with the agent, he said it shouldn't be registered since they only look at outstanding amount.

I think it doesn't matter is RM2700 / RM118, from bank, your account is RM2700, but statement is RM118.

Your credit limit is reduced by RM2700.

Yup credit limit reduce is fine and understandable, but based on what the bank agent sees it, they only look at our outstanding payment for the credit card.

Since i am currently in a EPP plan, outstanding every month should be RM118 right and not considered as RM2700. The credit limit reduce basically just reduces the amount of total credit in the card?

Taking your eg. (provided this is a 0% installment plan)

Total credit limit before 0% installment plan = RM 6000
Total credit limit after make the purchase using installment plan = RM 6000 - RM 2700 = RM 3300

Monthly payment = RM 118
If is 12 months plan, then this RM 118 will appear at your statement every month until the plan completes.


When you pay RM 118 on 1st month (1/12), then your credit limit (assuming you did not make any purchase), will be RM 3300 + RM 118..... you will get back some of your credit limit gradually, until your plan completes.

Btw, not sure how you get the RM 118 from RM 2700.

If you take 0% installment plan,

12 months = RM 2700 / 12 mths = RM 226
24 months = RM 2700 / 24 mths = RM 113

If you are worry, and if you have extra/spare cash, you can deposit to your card...

Eg, your credit card outstanding is RM 4000, and based on your agent ... your credit card outstanding need to be at RM 2000 and below, then put RM 2000 or more.... so your credit card outstanding become below RM 2000.... thus, when the loan officer check, it will see that you did not fail the requirement.

Asking for clarification from some gurus here.

Let's say my credit limit is 6000. My credit usage is 4000. So i have 2000 as balance.

Things is, is it possible if i want to purchase rm3000 notebook using EzyPay? Im not very clear on this. Will the rm3000 or rm500/month recorded to my outstanding.

Thanks in advance.

RM 3000 would be as outstanding , when you check CCRIS. But monthly you would be paying RM 500 , and in your bill it would show RM 500

So assume you have 6000 , you bought a notebook , your effective credit limit would be RM 3000 , obviously month by month , when you pay it would free up

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This post has been edited by T231H: Jul 3 2016, 08:43 PM

Thanks for the reply. Btw, just to make it clearer.

My limit 6000. Outstanding 4000. If i swipe epp 3000, outstnding will be 7000 which is more than my credit limit. Is there any chance the bank will not approved?

Really need a new pc since my laptop broke edy.

Your EPP will be not approved because you don't have enough limit given your case of CL = 3000 and current outstanding is RM 4000 (without any payment made).

EPP will block/reserve the full amount from your CL; meaning for the case your EPP amount that you're planning to swipe is RM 3000.

The best is for you to clear the outstanding till you have enough buffer for the EPP. Normally transaction might be failed if you have utilized 90% to 95% of your CL.

[quote=David83,Jul 3 2016, 08:56 PM]
Your EPP will be not approved because you don't have enough limit given your case of CL = 3000 and current outstanding is RM 4000 (without any payment made).

EPP will block/reserve the full amount from your CL; meaning for the case your EPP amount that you're planning to swipe is RM 3000.

The best is for you to clear the outstanding till you have enough buffer for the EPP. Normally transaction might be failed if you have utilized 90% to 95% of your CL.


Isee. I'll clear some of the outstanding then. Thanks much !

Hi i'm new to this cc thingy. For example, if i wanted to buy a new iphone from Machines.
1. Do they provide ezypay?
2. If the phone is 3k, i'll be paying the installment for the exact amount in the course of 12/24 months or more than 3k?

Need some clarification from the gurus .

I want to know how to make early settlement for my easy CASH with maybank credit card

Ezypay and Ezypay plus any difference?

was it really 0% interest p.a.?

read it in T&C it says there's a 9% pa / 0.75% pm

machine do provide ezy pay. with 4% admin charge.
so 1.04*3000 = 3120

total will be 3120/12 months = rm260 every month.

let say your credit limit is 4000, immediately bank 4000-3120 = 880 (this is your balance)

if you pay rm260 without late, immediately rm880+260 increasing every month.

i have my questions too. what if i decided to pay full amount of my ezy payment.
let say i supposed to pay rm200 every month for 12 months. but then i pay rm2400 (total of my usage)
what will happen?

Recently there a promotion for Ezy Pay Plus which only charges 3% when you convert it via online/phone after the purchase.
You can call and check if the promotion is still ongoing.

Just activate my card today and try to buy some thing from 11street using Maybank ezypay. However when I tried to make payment, it keep saying Payment Unsuccessful. Any idea why?

Call CS. most likely you missed a step in activating something because it's a new card

can I use my ATM debit card to buy online using 0% Maybank Installment?

It's only applicable for Credit Cards, not debit cards.

anyone help me, if i purchase 5K RM goods and how much will be maybank ezypay monthly installments? assuming 24 months?

Hi guys, is there any "hidden charges" of so called 0 interest ezypayment that I made at 11street merchant?

if u buy from merchant with EPP its 0% (no additional fee)

but if you call ur bank and covert to EPP there is fee charges ~3%?