Personal Loan - V2, which banks offer the best deal?
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 Oct 2 2012, 04:03 PM
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#1
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Junior Member
52 posts Joined: Apr 2010 
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QUOTE(sam0919 @ Oct 1 2012, 06:53 PM) paying minimum wont help u settle ur cc outstanding in 2 years time yup, paying minimum won't settle your debts within certain period of time, whereas PL have a time frame for you to settle the debts. |
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Oct 15 2012, 03:03 PM
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#2
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Junior Member
52 posts Joined: Apr 2010
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QUOTE(b00n @ Oct 5 2012, 09:32 AM) What logic is that?! brother, if you pay RM1,500 each month, then it is not called as "min pay 5% per month". If you using calculator or Excel worksheet to calculate the payoff of RM30k by 5% min payment (or RM50, whichever is lower), then the pay off months that you need is 120 MONTHS. (if you want the detail worksheet, i can email to you Does that meant you get PL you don't have to pay?! And always remember card is on reducing interest whereas PL is on flat interest. Assuming RM30k balance the min pay is 5% i.e. RM1500. So if one is committed to pay the RM1500, one can pay up within 2 years. If go by the same logic of PL for 2 years with interest rate of 10%. Monthly repayment is lower at RM1,500. But interest is RM6,000 vs RM1,536 if you pay promptly RM1,500 per month. Although cards you see the interest rate is 15% (if you pay promptly for 12 months).  )We are now discussing on using 5% min payment and not pay by fixed instalment that you mention (RM1,500 per month) thanks Added on October 15, 2012, 3:19 pm QUOTE(sam0919 @ Oct 12 2012, 11:03 AM) Lolz what's wrong with you? You so mad for what? We are here to looking for personal loan services. Before we proceed here I believe most of us has visited financial management. And we decided to get pl for our own. If you too rich to understand what we are facing, you can stay out of here no offense. You are staff of here but doesn't mean what you say we have to be agreed with you other than the terms and conditions of this forum. I respect every rules you made in here but if you getting mad for what I have said and you think is funny so just leave man. Agree, brother!!You see i have "10% warning" due to last time post some of my bank's promotion here. So annoying because last time don't know the rules. They should pm me to let me know the rules before doing that.  This post has been edited by stevenkwan: Oct 15 2012, 03:19 PM |
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Oct 15 2012, 03:25 PM
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#3
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Junior Member
52 posts Joined: Apr 2010
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QUOTE(joelriez @ Oct 15 2012, 03:23 PM) hello sifus.. yeah. Bank will decide the loan amount based on your monthly/yearly "income"newbie here. just wanna ask. if i wanna do personal loan at any bank. does my salary affected on how much i can ask for loan? tq |
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