Money itself has time value. Rm1 today has different value than rm1 yesterday. Therefore u also need to know the frequency of repayment and compounded period to know the actual interest rate u paid for the loan.

I thought a forex trader would understand time value of money..... Ah boy, ah boy....

i was confusing about the explanation as well...
what i think was same with Ah Boy...

actually my friend going to take this ... i was trying to convince him not to take this...
that's why i am here ...

but i still cannot understand that~~~
but i just know this is not a good plan...its like ah loong.

hope to see example with simple explanation 

1% per week = 52% per annum of interest

Most of the personal loan charge 10%+ per annum

Credit card late interest charges 15% per annum

Legal lender charge 20-30% per annum

So crap is legal ah long?

Well

The amount we pay are the same total in the end

The purpose of this loan was to payoff something not for rolling

Different was
42period payment
Vs normal loan 2 year payment = 24

But this was just 600 , loan amount are small thus the installment. If it was business rolling loan then it not worth .

At the end , any lender also will do the same thing , after receive "interest income " lend it out again

This was a win win situation if you don't mind grab earn more money

Lesson learn installment period do affect " real interest rate " depend on how you use the money( the norm was monthly while some exceptional loan like grab differ )

Wadapak I had 1 job Putrajaya to KLIA2 RM45 also

Puchong to KLIA also 45 how can

I don't know what term was in the borrowing
From the above statement , everything grab do was what a lender will do.

By the way off AA SD port klang from menara TM till here also no ping. ( i use federal - 30km )

"Didi added that it was currently developing a real-name passenger registration system for its app, expected to launch by the end of this year.

This will be linked to an in-app social credit rating system for passengers."

Wow.

Next time wanna get married maybe your in laws will check your Didi account social rating.
Why are we teaching forex expert about time value of money?

Mcb one of my klia sweet spot just gone.

Why real interest rate is so important?

Let me ask u (especially young people) one question:

U have 2 choices to borrow rm10000 from:-

1. Crap Ah Long who charge u current 1% interest rate per week, daily repayment and payback period of 365 days.

2. Credit card cash advance with standard 5% cash advance fee and interest rate of 18% per annum. For sake of comparison, u will pay off the loan in 365 days with daily repayment schedule too.

Now tell me, which option will u take? why?

p/s: Rich or rich-wannabe need not to learn. Just let other poor people make some money out of u. 
p/p/s: if u r young and yet to commit in huge sum of loan, not rich or not rich-wannabe, then u better not to think in layman way of interest rate mindset. Learn how it works and i guarantee u will save hundreds if not tens of thousand of interest for your entire life.

Certain parts ok KL.. Up to 65km for RM65, and no incentive from Grab... 

Then all I can say is goodluck to riders who want to go to KLIA from BBP because I will ignore them for sure 😁

Say what you riders want but I feel RM45 from IOI City Mall and those hotels nearby to KLIA for RM45 is nothing short of daylight robbery, what more if you're from BBP.

Even if it is 38km for RM45, it is not worth it to go queue there like an idiot. All KLIA trips are sohai except for those rare cases when you get Surge on a KLIA trip. But that's like winning the lottery.

die la use jalan puchong route.
possible route is 44km.

Ampang also?

Certain area order crapcar to airport is just plain too cheap. At peak hour the fare isn't worth it

No need to worry about certain areas being too cheap anymore. Now ALL areas too cheap. Go to KLIA for RM45, queue for 4 hours, get another RM45. 

for sake of making clear to everyone, here's is my calculation (S3phiroth correct me if wrong):

1) simple interest 52% Per annum. pay back everyday, total interest paid over one year = $2,246.24
2) 18% nominal rate per annum, actual amount loan = $9500. total interest paid for 10K loan amount after one year = $852. plus the cost of the loan fee =  $500. total cost to borrow 10000 = $1352.

PS: I use https://www.calculator.net/loan-calculator.html, set compound to annualy and payback everyday. under Amortized Loan: Paying Back a Fixed Amount Periodically

The richer group better leaves it to the rich tourists. I give my support to those driving lesser fancy cars as they need the income more than others. One is driving n earning for living. Another one is driving for fun and side income to enjoy life. This is how i thought.

I think it depends on location and time. If the destination is very ulu place, Grab might hike the fare also. I got before RM80+ for 40+km to some ulu place in Subang near the airport. But actually not that ulu also, Kota Damansara is not too far away. After getting that trip, I feel damn wasted if I get RM40 for 30km for example.

I feel like it's always a problem that the fare in KL during peak hours would be higher but the fare from outside of KL heading into KL during peak hours is relatively cheap.