Jan 15 2015, 02:36 PM
QUOTE(tutuyao @ Jan 15 2015, 02:01 PM)
Hi guys, I've been using the UOB one card for a year now. I've never done any installment before. I called the bank they said the rate is 3% for 12 months installment. So I would like to clarify that the 3 % is one time charges and on top of the amount of my purchase, it'll be spilt to 12 months right?
Correct me if I'm wrong. The interest will be one time charged at the first month payment. For example, installment RM1000 for 12 months.
First month you will need to pay (RM1000 / 12) + (RM1000 * 3%) = RM83.33 + RM30 = RM113.33
The remaining month continue with RM83.33.
Quote
0.0173sec
0.32
7 queries
GZIP Disabled