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Fixed Deposit Rates In Malaysia V. No.12, Strictly for FD Discussion Only
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gark
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 Mar 2 2016, 03:07 PM
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QUOTE(McFD2R @ Mar 2 2016, 12:11 PM) It's the same why some won't understand why I would buy a car for cash instead of taking loan. They think the cash can be used to get >4% FD and pay off hire purchase interest at 2.x-3.x% and pocket the difference. They do not understand the feeling of being debt free from housing or car or any loan. It's like having wings every month without any commitments tying me down. The freedom and reduced stress for me is absolute, as you so put it. But all he would see is, the little gains he could get by trying to make the most of the money available. Err .. you cannot compare FD rate with car loan rate.. the effective interest rate for car loan is much higher than FD rate. A 3% car loan rate is effectively 5.64% interest p.a.  |
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gark
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Mar 4 2016, 05:05 PM
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QUOTE(adamw @ Mar 4 2016, 04:24 PM) I just received call from their sales ppl, I ask for more info but he insisted on meeting up to give details. Normally, I prefer to know more details before meeting them. No point wasting each other time. That's why I ask here. Sounds like an investment product. If FD, no salesmen will want to meet you just to 'explain'.  Here is a thread for a similar sounding investment product, might it be this? Read up the pro and con before you invest. This is definitely NOT a FD product. https://forum.lowyat.net/topic/3876198This post has been edited by gark: Mar 4 2016, 05:06 PM |
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gark
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Mar 4 2016, 05:27 PM
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QUOTE(CalvinCLK @ Mar 4 2016, 05:25 PM) Sounds more like HLA EverGain product. Are you sure it's Hong Leong Bank? Or Hong Leong Assurance?  If you go to HL Bank, even the CS/tellers will pester you to invest in HLA products.. annoying..  |
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