Personal Loan - V2, which banks offer the best deal?
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 Nov 18 2011, 01:15 AM
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#1
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Senior Member
757 posts Joined: Jan 2010 
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Anyone here heard of 0% interest rate Dial-For-Cash offer by Citibank? 0% for 6 months - 3% processing fee. 0% for 12 months - 5% processing fee. No early settlement penalty.
What do you think is the catch? |
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Nov 18 2011, 11:11 AM
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#2
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Senior Member
757 posts Joined: Jan 2010
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QUOTE(samsungXP @ Nov 18 2011, 09:56 AM) it is 9.88% per annum How do you reach that figure? |
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Sep 19 2012, 02:33 AM
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#3
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Senior Member
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QUOTE(andrewleewaikeong @ Sep 18 2012, 08:14 PM) correct me if im wrong ? Not everyone can get that kind of low rate offer. Normally, only those with very good payment record, such as paying full balances on their credit cards every month may get it. I think, to the banks, these people are not paying any interest anyway, so by enticing them to take a personal loan with a very low rate, they may get the chance to earn some interest.mostly i see all personal loan interest is above 10% per annum usually ? how come i still see some forumer putting 3% etc etc ? can elaborate further ? thank you so much |
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