nicely calculated.
but by the way, this is not an issue with the ts (thread starter)... this was from qs (question starter).
kesian our dear brotan you know?

With EPP plan. convert to 24month EPP.

PB 4.9k/5k 22% upfront interest = Rm1078
HL 4.9k/5k 26% upfront interest = Rm1274
CIMB 9.8k/10k 27% upfront interest = Rm2646
HSBC 20k/21k 27% upfront interest = Rm5400

Since all your card is out of credit limit, the upfront interest you will need to settle by cash in order to convert to EPP. (upfront interest can be add into CC if there is enough limit)

If let say you afford to pay the upfront interest, thereafter installment will be
Rm4900 + Rm4900 + Rm9800 + Rm20,000 = Rm39,600 / 24 mth = Rm1650 per month.

So you just need to pay Rm1650 for 24month and your debt will be cleared.

If can't afford to come out too much upfront, you can just do it one by one. This will still save up a lot compare with just paying the min amount of 5%.

actually didn't know about this EPP upfront interest. who in the sane mind can agree to it? just too steeeeep. correct me if i am wrong!!!

if i pay fix rm1650/mth with reducing 18%pa interest, i need 30mths to clear debt with total interest incurred at rm10,093.

EPP upfront cost rm10,398 (for 24mth). Why commit to this kind of "upfront interest under this kind of EPP???

its LPPL, pay interest to bank first before you start anything, then bank HOPE you cannot fulfill your 24mth repayment, thereafter charge penalty or convert back to 18% etc etc (u name it, bank will give u a beautiful term to impose the additional cost) - deeper shit right!!

This post has been edited by vincentwmh: May 27 2014, 05:33 PM

There are pros and cons for both way.

With EPP, you can fix the repayment amount for 24mth and if really have some hard time, the min payment is 5% of Rm1650.

Without EPP, your min amount will be 5% of total balance. If you have hard time and just keep on pay 5% min every month, the repayment tenure and interest will drag you further more.

So it's depend on personal financial planning and the repayment attitude.

6pm, time to knock off. if have time tomolo, reply you.

Lol, no hurry. We all just sharing and trying to help QS only

OCBC statements have been late these days.
I have already got the BT completed (by using ocbc e-statement), credited to ocbc 5 days ago, now only the hardcopy statement come.

Tips for those who BT alot and running out of credit in Aeon.
1)BT more to PBB, no need statement, can BT very early to get ready.
2)Not enough, BT to RHB as well, use paid up, old statement also can,as long as due date still not over.

True, one gotta correct his/her attitude first before saving on interest money. Anyway I think the q starter was probably trolling in the first place.

got few question to ask regarding BT,

1.is BT only applicable for new application for affin bank?

2.can we BT as many time as we can after the BT finish pay up?

3.current bank offering 6month 0% aeon,rhb,affin?

any bank i miss out?

4.for this scenario, is it possible,

mbb2 swipe 15k - BT to affin 6month 0%,2500 x 6.
then can i BT the 2500 1st payment to aeon ?
BT 2500 2nd payment to rhb?
and so on to other cc, with <3% ?

like swipe on jan and spread all the payment across 1year?

1. Check with affin

2. Yes as long as the amount is within 80% of your available CL. Some bank impose minimum amount so you need to be within the parameter.

3. AEON 6 months min 1k, RHB 6 months min 3k ending June, PBB various promo for new sign up i think for normal is 6 months min 5k ending July.

4. is possible as long as you fulfill minimum amt to BT and the amt is within 80% of your available CL, suggest Aeon as last since they accept 1k per bank.

What is the 3%?

This post has been edited by bearbear: May 28 2014, 02:20 PM

juz realise rhb is min 3k not 1k,..if it so.

can a statement 10K SWIPE spilt to 2 BT?

I think islamic 1 is 1k, someone posted before but for normal 1 it is 3k min.

split to 2 bank? no problem i don't think bank is so free to check even if you BT 2x10k to different bank.

i think the islamic 1 end d...now got 4% fees.


r u serious? to do bt need statement attach right?

if really can 2 time then they pay to mbb x2???

depends on bank bro, like the guys shared public bank don't need statement to apply. Probably because the min. amount is too high?

Lol they pay to MBB X 2, you also need to pay back X 2.

they pay to mbb no knagtao...become debit only..hehe...

wan to swipe x amount out of mbb then throw to home loan ...spread across a year for liquidity

Something to share on BT to PB.
I submitted last Saturday via email, until today no call...due date next Monday.
I called and CS told already approved and installment posted yesterday.
I asked why no call to verify one? CS said they will call only when there is a need.
Asked will PB pay my AEON Watami by cheque or IBG?
CS said will pay AEON by IBG except 2 series of cc number : 5470-71xx-xxxx-xxxx or 4726-98xx-xxxx-xxxx.
My Watami strike lottery, they sent out cheque today, should still meet my due date on next Monday, hopefully.

my watami bt to uob also uob paid with cheque.

pbb normally don't call to verify BT

Ya, I guess all watami fall under the same range and cannot be paid via IBG.

Oh really? Thanks for confirming.