UOB 1.88% pa for 6 months with no processing fee. Through mailer. Promo ends 31 Dec.
Is it for credit card or cashplus?
For new HSBC Personal Line of Credit customers who applied online, the funds transfer rate is 1.28% per annum for 6 months with no processing fee. You can read the promotion T&C at this website:
is this upfront interest rate?
on fund transfer page:
1.88% p.a. for 6 months* with upfront processing fee of S$50 (EIR: 2.62%+)
+ The Effective Interest Rate (EIR) is calculated based on an approved fund transfer of S$10,000 with 3% monthly minimum payment and full payment of the fund transfer amount outstanding at the end of the promotion period. EIR is subjected to compounding if the monthly finance charges are not paid in full.
https://www.hsbc.com.sg/1/2/!ut/p/k...YJp4h-pEoYqbxxqZoQgbxjgiRIP2C3NDQiHJHRQCv4WaB
yes i know there are different products.
just trying to understand why the so call interest rate may not be the final interest rate in the end, paying more!
1.88%>>2.62%
so 1.28% is actually going to be higher
i see. thanks for explaining. is there any early payment penalty for hsbc offer?
what do u mean no need to pay a single cent?