I'm thinking of to apply cash loan for an amount of RM8K. There's a bank offering interest rate of 8.99% p.a. Anyone can advise how it going to be calculated? Is it [ 8000x8.99%=719.20 ]? So I have to pay interest RM719.20 per annum? If I take 2 yrs to settle, it will be [ 719.20x2=1438.40]? So my monthly repayment will be [8000+1438.40/24months=393.30]?