Hi I just applied for personal loan 5k from maybank with interest rate at 11% to clear my 4.5k credit card debt. Duration of loan is 1 year.

My financial commitment
1.) Housing loan RM 1.1k/month
2.) Car loan rm750/month

My pay is rm4k and the bank approved my PL immediately, now I have to pay rm460/month for 12months to clear this PL.

You this my move is right?




This post has been edited by blueapple: Dec 28 2010, 06:02 PM