Oct 12 2023, 05:06 PM
QUOTE(mroys@lyn @ Oct 11 2023, 08:11 AM)
haha... i tot the Effective Interest Rates for hire-purchase loan must be shown in the loan agreement but many still confused.
not sure for housing loanbut car loan i just sign
no show EIR ; just showing FIR p.a
but showing total amount (interest portion) for X years
like u pinjam 100k
after u serve 9 years ..total include interest is 127k
then u do your own math
This post has been edited by fantasy1989: Oct 12 2023, 05:07 PM
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