CIMB/DA is offering the retail purchase instalment. with the following interest rate:-
a) 10 months instalment -4%
b) 20 months - 6%
c) 30 months - 7%

the interest need to be paid upfront on the 1st month, for 30 months min amount will be RM3000. If i opt for the 30 months instalment, anyone know how to calculate annualised interest???

the calculation of instalment amount is easier. Just do not know how to derive the interest rate in %, if we annualise it.
Someone has given me the website online calculator but it doesnt help.

superwoman, can help me solve this problem??

i wish to apply my 1st CC. applied UOB One card classic and MBB 2 Gold, but both rejected, due to my 200k ASB loan under CIMB.. so if i apply under CIMB, will i get approve? my annual income according to EPF statement is around 30000k p.a..

but basically i get higher than that since i work with my dad (family business) and i just do the payslip just for cc apply matter..