Is Maxis Zerolution really interest-free?
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 Feb 14 2022, 02:53 PM, updated 4y ago
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#1
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Senior Member
5,582 posts Joined: Aug 2011 
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Example, Samsung Galaxy S22 256GB.
Buy outright with 24 months contract = RM1,999 Buy with Zerolution 24 months contract = RM99 x 24 = RM2,376 But actually, since you end up paying RM377 more over 2 years by getting it with Zerolution, this translates to an effective annual interest rate of ~8.7%. Why do you buy a phone by taking such a loan??? Am I missing something here, folks? This post has been edited by contestchris: Feb 14 2022, 03:04 PM |
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Feb 14 2022, 03:11 PM
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#2
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Senior Member
5,582 posts Joined: Aug 2011
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QUOTE(matkoi @ Feb 14 2022, 03:07 PM) You can't calculate the total amount you need to pay Maxis for a Zerolution contract as it include your Maxis monthly postpaid line payment. With your example, upfront payment for a S22 Ultra 512GB with a Maxis 128 24-months contract is priced at RM4,799. What you need to do is deduct the amount you pay for you postpaid line. Example: Maxis Postpaid 128 with Zerolution 24-months Samsung S22 Ultra 51Gb Total amount paid = RM347 Amount paid for Postpaid 128 = RM128 So the amount you paid for your device monthly should be RM347-RM128 = RM219 The total amount you paid for the device is RM219x24months = RM5,256. The phone price according to Samsung site is RM5,899  With Zerolution 24 months contract, will be paying a total of RM5,256. Which again roughly equates to paying an effective interest rate of around 8.7%! This post has been edited by contestchris: Feb 14 2022, 03:13 PM |
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