May 14 2011, 11:01 PM
QUOTE(smwah @ May 4 2011, 04:32 PM)
Regarding the 1% rate, I heard some my friends said is not worth. Reason is the 1% is base on term calcuation and the total repay amount is fixed, just like the car loan. The the term is also long which end up a lot of interest in it.
If paying using standard, you can more to reduce the prinsiple so interest will lesser and if got more money u can settle it faster.
Please correct if wrong.
actually how does the interest going down to 1% work? can any one share? how long is the fixed term that we need to pay back?If paying using standard, you can more to reduce the prinsiple so interest will lesser and if got more money u can settle it faster.
Please correct if wrong.
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