Showing posts with label bank loans. Show all posts
Showing posts with label bank loans. Show all posts

Monday, October 26, 2009

Hong Leong Bank's New Personal Loans

Low monthly installment from as low as rm133.33.

But is it as cheap as it suggest?



Assume you take the rm50,000 personal loan for 2 years.

Per month pay back payment is rm2583.33.

Or 30,999.96 per year.

Or 61,999.92 for two years.

Which means this loan will cost you 11,999.92 or a cool 24%!!!

How about 50,000.00 for 5 years?

Per month pay back payment is rm1,333.33.

Or 15999.96 per year.

Or 79,999.80 for five years.

Which means this loan will cost you 29,999.80 or a cool 60%!!!!

Good to be a banker, eh?

Still wanna test drive their loan for '30 days'???

oO