by the way,
Any government servant get bank rakyat personal loan? Its only 2.38%
Is it compound interest or simple interest?
Bank Rakyat Dividend 16%
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 Oct 11 2020, 05:26 PM
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Oct 11 2020, 06:38 PM
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QUOTE(mini orchard @ Oct 11 2020, 06:29 PM) Simple interest. The principal x interest % pa x period. It is like car loan?Compound interest is similar to penalty interest or overdue instalment interest.  https://www.comparehero.my/personal-loan/ar...-than-you-think So the Effective Interest Rate of the bank rakyat loan is around 4.5% my understanding correct? This post has been edited by sl3ge: Oct 11 2020, 06:40 PM |
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