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 i got 1 million of debt, what shall i do?, debt& financial planning

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topearn
post Jan 23 2015, 09:17 PM

Look at all my stars!!
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3,459 posts

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QUOTE(kent_lau7 @ Jan 20 2015, 07:54 AM)
Where got Personal Loan interest only 3.13%?
Which bank?
If that is the case, borrow some more lah
*
3.13% is flat rate and not actual effective rate which is a lot higher.
He borrowed 41,000 x 1.0626 (2 yrs interest) = 43566.6 / 24 mths = RM1815 mthly.

 

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