http://www.ocbc.com.my/personal-banking/Ca...l_for_cash.html

ocbc has this call for cash with 5.99% interest with 36months fix instalment

may i know if i get the cash advance for RM2500. how much do i have to pay for the interest if i make it 36 months?

At the time of applying for CFC, the Cardmember shall elect 1 of the 3 tenures under the CFC facility :
1 year/12 months; or
2 years/24 months; or
3 years/36 months,
(each a “tenure” and the tenure actually elected by the Cardmember shall be called “CFC Tenure”) for repayment of the CFC Amount and CFC Interest.
The amount of monthly instalment (“CFC Monthly Instalment”) repayable by the Cardmember for the duration of the CFC Tenure is computed based on the following formula :
[CFC Amount X 5.99% X CFC Tenure*] + CFC Amount
Number of monthly instalments**
* For purposes of this formula, the CFC Tenure is taken at the number of years instead of months.
** The number of monthly instalments is referenced to the CFC Tenure i.e. 1 year tenure at 12 monthly instalments, 2 years tenure at 24 monthly instalments and 3 years tenure at 36 monthly instalments.

This post has been edited by BigMama87: Jul 24 2014, 02:03 PM