Balance Transfer = Interest Rate @ 6.99% or 7.99% per annum ( Kena ada limit yang tertentu untuk perform BT)
Personal Loan = Interest Rate @ min of 1% per month or 8.99% per annum (subject to approval, Bagi mereka yang ada CCRIS record, EPP is better than personal loan in terms of effective interest and flexibility.)
Cash on Call = Interest Rate more or less same as Personal Loan(Cepat dan Padat dengan Interest)
Ah Long = Interest Rate @ 10% per month (Bagaimana? Adakah wajar? Bagi mereka yang sanggup ambil risiko tinggi)
Borrow from family = Bijak sungguh idea ini 0% (kalau mereka beri)
Restructured with EPP = Restructuring Fees @ min 1% per month untuk jangka masa setahun dan minimum 5.9-7% setahun bergantung kepada jangkamasa tertentu(100% approval provided dengan syarat kad masih active. TETAPI bagi sesiapa yang sudah CANCELLED dengan Bank's, minta maaf kerana terlewat sudah MELAINKAN ada kad lain yang mempunyai AVAILABLE credit limit)
What i like most about this is the flexibility that it offers. Also saving on interest and on how it reduce monthly commitment/burden.
ReplyDeleteThe problem is, I dont have any credit card. Only debit card and bonuslink card. I'm thinking of getting short term money to finance my business venture, which is low risk, but high return.
Please advise.
Hi Hanizar,
ReplyDeleteCongrats for not having credit card with the bank!
Well if you want short term money, you can apply one credit card to get the cash out while paying them through EPP with reasonable fees. Besides this benefits, you also can have the flexibility to pay as low as RM50 per month with tenure up to 4 years.
Fast cash, fast money and low risk as you wish!
Thanks!