Jul 25 2016, 06:03 PM
QUOTE(Super Maniam @ Jul 25 2016, 04:57 PM)
ok so im looking at :
1) Public Bank : 1 yr, one time 2.5% fee, Min - 1k per bank, Valid Until : 30/6/2012 (extended until further notice)
2) BSN : 12 mths, 0% fee, 0.3% interest/mth w/ 0% last 6 mths, Min - RM 1k per bank, Valid Until : 30/4/2013 (but BSN say so far always auto extend)
For no 1 if follow the scenario above can I assume RM1K + 2.5% (1 time) = 1025, then RM1025/12mth = RM85.42 per month.
For no 2 follow again same scenario, RM1K + (0.3% x 6) = 1018, next 6 mtn no interest so RM1018/12mth = RM84.83 per month.
Just to confirm my the above calculation correct or not, if yes then look like save a bit on option no 2, hope not left out anything like hidden charges...
Pick Public Bank, as it offers 0% interest. When you applied for RM1000 balance transfer, they would immediately charge you 2.5% ie RM25 for the first month. For the next 11 months, the monthly instalment would be 1000/12= RM83.331) Public Bank : 1 yr, one time 2.5% fee, Min - 1k per bank, Valid Until : 30/6/2012 (extended until further notice)
2) BSN : 12 mths, 0% fee, 0.3% interest/mth w/ 0% last 6 mths, Min - RM 1k per bank, Valid Until : 30/4/2013 (but BSN say so far always auto extend)
For no 1 if follow the scenario above can I assume RM1K + 2.5% (1 time) = 1025, then RM1025/12mth = RM85.42 per month.
For no 2 follow again same scenario, RM1K + (0.3% x 6) = 1018, next 6 mtn no interest so RM1018/12mth = RM84.83 per month.
Just to confirm my the above calculation correct or not, if yes then look like save a bit on option no 2, hope not left out anything like hidden charges...
Eg: You start applying in January 2018
Jan 2018: RM83.33 + RM25 = RM108.33
Feb 2018 to Dec 2018: RM83.33 per month.
Make sure pay in full every month. I've been using Public Bank balance transfer for more than 5 or 6 times, and there are no hidden charges.
I don't recommend balance transfer programme that has interest rate like BSN. 0.3% per month may look small, but they don't actually calculate it like that. For more accurate calculation, please call BSN bank officer. But I think I can assure you that, there might be some hidden charges in there.
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