Lowyat.NET -> Finance, Business and Investment House -> Credit Cards, Debit Cards, Prepaid Cards and Loyalty CardsCredit Cards UOB Credit Cards v3
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 Jan 15 2015, 02:01 PM
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#1
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Senior Member
876 posts Joined: Sep 2010  
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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?
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Jan 15 2015, 03:02 PM
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#2
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Senior Member
876 posts Joined: Sep 2010
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QUOTE(CoolCatToM @ Jan 15 2015, 02:36 PM) Correct me if I'm wrong. The interest will be one time charged at the first month payment. Am not sure.. That's why i ask... 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.    |
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