whats the bloody diff TS of paying 0% interest for 3 months versus 12 months

normally people pick the longest tenure so their cash can be used elsewhere for investment or other side gigs. use money to make more money

now you reduce lesser tenure so.. they pay more?

what am i missing here

Longer tenure encourages sales, but bigger risk of defaulting. Got sales to pad numbers but no payment also no point.

You're assuming the youth will use their free cash responsibly, like investments and side gigs. Certain statistics (PTPTN defaulters & youth bankruptcies) say otherwise.
PTPTN is a key issue as it keeps coming up as a key point in power hungry politicians' promises in recent years.

Business owners need to weigh the risks. Still a good system but offer at your own risk I guess.

It's all down to how good are the enforcement are in Malaysia.

PTPTN managed to blacklist PTPTN borrowers on a no-fly-list preventing them from flying out of Malaysia unless they've paid up the amount they've owed.
It's bad for those who need to work+travel frequently.

However for those who are permanently based in Malaysia, being a bad PTPTN paymaster will severely affect their credit score and thus comes to my point below..

Like similar credit facilities offered by financial institution, being a bad paymaster will affect your credit score and until the point where the buyer can be blacklisted in CCRIS. Thus the buyer won't be able to request/receive any financial services/loans/card applications from any legal financial institution in Malaysia. Ah long/Father-Mother/Family/Crowd-funding is a different story.

Until now I've yet to see a proper enforcement towards PTPTN borrowers, the best course of action is mandatory salary deduction (instead of voluntarily).

youre missing the point

its perks are solely on the business, yes since can get money faster. but for consumer whats the benefit?

why would someone pick 3 months when banks already let them pay in 6/12 months lol

thats my point

Do you think this is healthy for the young or it is still inevitable that the wealth gap will widen with this form of payment?

All of the below statement is personal observation and opinion of TS's and does not reflect the real workings of the world.

As the country grows, perhaps the wealth gap widens if this is not addressed carefully through policy and fiscal stimulus in the market, creating the gap disparity.

On the observation and hypothesis of young HKers, or NYC the young are more focused on themselves, in personal and career aspects.

One will get married but does not wish to conceive a child. Hence, the hard-earned money is used to pay rents, expenses, and self-care/self-improvement/self-wants.

It can be watches, clothes, home improvement, gadgets (let's not go into big houses or cars). These are not huge in purchase prices but slowly buying it will accumulate more commitment to pay them.

There are two options, if you save enough you buy it outright or bill it on the credit card and pay end of the month.

However, there is a third option, remain a young untapped market but a few start-up is doing it.

Split your payment into three months, interest free (yes we know about 12months ezpayment, but this is different).

This 'split your payment' can be used on smaller prices products, eg Nike sneakers RM750

Split 3
RM250 per month x 3

This is definitely more appealing for people to BUY IT outright since payment is only RM250, next month is next month's problem.

Come discuss if this untapped market needs to move faster in Malaysia because AU, EU, US, CHN is moving towards that era. Recently Paypal is offering this service as well to stay relevant in the money transfer industry.

Do you think this is healthy for the young or it is still inevitable that the wealth gap will widen with this form of payment?

youre missing the point

its perks are solely on the business, yes since can get money faster. but for consumer whats the benefit?

why would someone pick 3 months when banks already let them pay in 6/12 months lol

thats my point

i ingat split check when lepas makan

this one girl always like this
luckily I no friend her already

5 FUCKING CENT PUN NAK WEH
satu sen pun she berkira
majibai go die la fucker

CB 5sen pun nak kira... pagi dia sapkok dulu then bagi 5sen foc la...

It's damn good...buy a 1K laptop but just need to pay RM 100 for 6 months only. Wonder when this seller gonna go bankrupt?