Keeping things simple here:

sudah pinjam, kasi bayar..FULLSTOP.

Again, keeping things simple:

If u pay within the specified period, 1% flat rate is definitely cheaper than 3% reducing balance, which if you didnt notice, is a monthly reducing balance..not yearly!

Like someone mentioned in this thread before, if u can pay up within half of the specified period, recommend u to stick with 3%.

From the way I see it, they allow me pay less with 1% at the expense of:
1. Deducting salary
2. Access to your and guarantor's EPF info

Both items above should not be a problem if you pay every month accordingly.

In case shit happens e.g. retrenched, you can inform them as they have a clause for that as well. It's not all bad actually

his last statement says it all LOL:

"18- Saya melihat ini adalah helah bagi memastikan peminjam yang selama ini hanya membayar RM 50 sebulan, yang entah bila akan habis membayar pinjamannya, akan membayar RM 200+ sebulan mulaï tarikh sistem Ujrah diluluskan."

This post has been edited by fgt: Jan 21 2011, 11:27 AM