May 7 2015, 02:46 PM
QUOTE(cherroy @ Apr 27 2015, 11:29 AM)
2.9% car loan is higher than 4% FD.
or in other word
4% FD is not going to win against 2.9% car loan.
There is no loan out there can be cheaper than FD rate.
Banks do not make losing business.
Please know what is EIR (effective interest rate) of the car loan.
2.9% is flat term loan, which is not translated into 2.9% pa. straight.
This.or in other word
4% FD is not going to win against 2.9% car loan.
There is no loan out there can be cheaper than FD rate.
Banks do not make losing business.
Please know what is EIR (effective interest rate) of the car loan.
2.9% is flat term loan, which is not translated into 2.9% pa. straight.
So many ppl out there have no idea how FD vs HP works.
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