QUOTE(iamkid @ Aug 24 2009, 03:52 PM)
they have cash back of 1%per annum
interest rate is 0.75% per month - 9% per annum
based on their website info and my calculation, i get the real interest rate as 3% per annum.
If it is correct, is it too good to be true? or there are something wrong with my calculation...
http://www.eonbank.com.my/promotions/loans...sonalloan.shtml
It is impossible to obtain the effective interest rate as low as 3% on nominal interest rate of 9%.interest rate is 0.75% per month - 9% per annum
based on their website info and my calculation, i get the real interest rate as 3% per annum.
If it is correct, is it too good to be true? or there are something wrong with my calculation...
http://www.eonbank.com.my/promotions/loans...sonalloan.shtml
This post has been edited by jack2: Aug 24 2009, 05:31 PM
Aug 24 2009, 05:30 PM

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