Why want to do that when you can get balance transfer at 0% for 6 months? Clearly those people don't know how to manage their cashtflow, or just not bothered.

Many people are doing so. Personal loan tenure can go up to 10 years so yeah.

My advice is never convert to personal loan.

My fren juz told me last week.

He owe cc 70k+ from 3 card

He tell me his citibank card owe 40k+

I ask him how he get such high limit he said at first only around 12k cl.

Citibank keep increase the cl when he do personal loan again n again.till now he owe this big sum, ask my opinion wan to work oversea.

Haha stupid people alot in this world. Like a fellow forumer said, he surely doesn't know how to manage his finances. Dude, Aeon offers 6 months 0%, Maybank offers 12 months 0%. Affinbank offers 0% for 6 months, BSN offers 0.3% for 12 months.

Saw the 4 banks above? Why borrow loan? Crazy.

Two transaction made via Paypal last week and received this number call for vertification, this number is not only for BT call I think.

Well, not many that can settle the debt within 6 or 12 months. I've seen people owing more than 30K to CC and their interest per month is about 500. They need a probably 3-5 years to pay it back thus personal loan. Anyway, they are stupid to begin with by raking up so much debt.

yes, agree.

With creativity and some effort. It is very easy to break 30k down with 6 months BTs to payable chunks.

As I've said. Either they don't know how to manage cash flow or not bothered to fins out.

Its their money and debt. Nobody will help them if they don't want to help themselves.

affin still on? i called mid july the told me no more.

maybank 12 months?

details please

I also wanted to know MBB hv 0% BT for 12 mth? Upfront interest or any processing fee?

Not sure about Affin but Maybank has. 12 months 3% upfront. I BT my balcne to my mother's credit card last 2 weeks from UOB. Haha

Anyway, lets say 30k from CIMB, and we have BSN, Aeon and Maybank to BT.

We first split 20k to Maybank for a 12 months instalment, 6k to Aeon and 4k to BSN.

This way, we save on the 30k interest of 500, am I right?

This post has been edited by whitesabre: Sep 5 2014, 02:36 PM

would i be charged interest or not?
Should i bank in back the equivalent "overused" amount RM4k?

now my total oustanding is RM4k above my CL.
Credit Limit available =N
Current O/S amount = N+ RM4000
Min payment =MYR 0
Last month statement amount = MYR 0
Total usage available = MYR 0

must be due to latest BT approval n the late refund approval on same day Applied latest BT as i thought they had ignored my refund.

not 0%. kthxbye

pisanq The cheque was cleared on 5 SEP

Best BT now is

Flat rate
0% for 12 months PBB
2.5% for 12 months RHB
3% for 12 months MBB

Reducing rate
6% for 12 months CIMB
7% for 12 months HLB

nice it was cleared on the 5th working day, I guess aeon is getting quicker on it

This post has been edited by DarReNz: Sep 6 2014, 11:59 AM

good to know, thanks!

Time to request for higher CL for more BT's...
Asked PB to increase CL for my PBMG.... was asked to upgrade to PBVS instead.
Got my PBVS last week, and requested to move all my BT's from PBMG to PBVS.
With that I skip one statement cycle and delay past BT installments for another month later.

wanna ask.. PBB BT now is 6 months 0% but not subject to retail spending of RM1000 like previous offer?

Sorry, a question here, what is the function of Balance Transfer ?