Alliance Islamic Bank Personal Financing-i
Profit Rate / Kadar Keuntungan Bank______6.99______%
Flat rate per annum / Kadar rata setahun?
Personal Loan, which banks offer the best deal?
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 Apr 30 2011, 10:49 PM
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Junior Member
96 posts Joined: Jun 2006  
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May 6 2011, 02:12 PM
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Junior Member
96 posts Joined: Jun 2006
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QUOTE(b00n @ May 5 2011, 11:05 AM) And what makes you think that PL interest is lower? By just looking at the nominal interest value?! yA.. any personal loan with flat rate greater than 7.45% p.a. will equal effective interest rate of 13.5% of credit card.Go do research on effective interest rate as well as know the difference of CC interest rate which is on reducing balance whereas PL is on fix interest rate. So understand the difference first before jumping the gun and thinking PL interest rate is lower.   Stand Chart offer 26k for 10.25%..flat rates..additional 0.5% for stamp duty.. and processing fees... effective interest rate equaly 18.41%... better finance by credit card which lower rates. This post has been edited by weihong: May 6 2011, 02:14 PM |
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