QUOTE(-DarKz- @ Aug 28 2014, 11:48 AM)
Bro thank for your reply, but epp 4.5% is 6months and 8.88% is per annum , so what if i wish to settle in 6 months which mean 8.88 p.a devide by 2 and it's 4.44% only.
And 1 more thing EPP payment amount are fixed at every month.
What if i din't make the EPP and yet im still facing late payment charges + 4.44%(6 months) to settle this payment right?
So if i do EPP = fixed interest amount and pay in 6 months without worry late payment interest gaining.
If i dint do the EPP and yet still wanted to make full payment in 6 month = Im facing 4.44% interest rate for 6 months and late payment 1% interest rate for every month until i make full settlement right ?
let me do some simple maths for you
option 1, 4.5% flat rate pre-charged
straight forward:
RM500 * 4.5% = RM 22.5 (total interest you going to pay in the end of the tenure)
option 2, you let the interest occurred (with minimum payment RM85) and
1) pay always before due date (no late charge)
2) no more other transaction charged to the same card before/after (if not the calc might not same)
3) the RM85 is > minimum payment (no change to 18% pa penalty)
at the end of the month 6, you should be paying total about RM513* (depend on the calc)
why option 1:
you can be freely use the card, provided you settle all promptly before due date, you will max paying RM22.5 interest
why option 2:
you saved a lot in interest if you can fulfil the condition i mentioned above. else, pay more because interest charged on all transaction as long as you have outstanding from previous statement
Jun 22 2014, 09:03 PM
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