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Old 12-01-2009, 06:43 AM   #166
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If 2% one time processing for 6 mths of interest free funds transfer? consider good?
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Old 12-01-2009, 07:46 AM   #167
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for front loading fee, i usually times 2 (actually, if calculate properly, it will be slightly more than times 2) to get effective pa rate. if you can get a better return of > 4% pa, than it is good. or if you can cut other higher interest rate to ~4% pa, it is good.

the best so far is 2.88% pa from both DBS and UOB, no admin fee.
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Old 12-01-2009, 11:00 PM   #168
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for front loading fee, i usually times 2 (actually, if calculate properly, it will be slightly more than times 2) to get effective pa rate. if you can get a better return of > 4% pa, than it is good. or if you can cut other higher interest rate to ~4% pa, it is good.

the best so far is 2.88% pa from both DBS and UOB, no admin fee.
how did u get 2.88% from DBS? they called u or u called them?
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Old 12-01-2009, 11:40 PM   #169
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by invitation one nia....
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Old 12-01-2009, 11:56 PM   #170
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wrong, lowest 1.88%
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Old 13-01-2009, 12:17 AM   #171
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wrong, lowest 1.88%
then my next question is which bank and how...LOL
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Old 13-01-2009, 12:19 AM   #172
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wrong, lowest 1.88%
from where? recurring?
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Old 13-01-2009, 07:08 AM   #173
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wrong, lowest 1.88%
Processing fee or reducing interest? Which bank?
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Old 13-01-2009, 07:49 AM   #174
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trying to pianz us? lol!
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Old 14-01-2009, 11:59 PM   #175
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for front loading fee, i usually times 2 (actually, if calculate properly, it will be slightly more than times 2) to get effective pa rate.
that is if you are assuming to be paid in 6 months

if payment is 1, 1.5 or 2 years, you cant simply times 2 anymore
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Old 15-01-2009, 08:41 AM   #176
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yes, assuming you paid in 6 months.

the reason you want to use the funds transfer option is to take the advantage of low interest rate promotion. after the 6-months promotion, it will go back to 24% or 16% (depends on which banks). so, do paid up within the promotion period.
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Old 15-01-2009, 01:02 PM   #177
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but there are good reasons why people still go for longer repayment if the effective interest rate is good compared to a 6 month repayment
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Old 15-01-2009, 07:45 PM   #178
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yes, assuming you paid in 6 months.

the reason you want to use the funds transfer option is to take the advantage of low interest rate promotion. after the 6-months promotion, it will go back to 24% or 16% (depends on which banks). so, do paid up within the promotion period.
usually right after i paid off, they will call me up to extend already.....
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Old 16-01-2009, 07:38 AM   #179
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bros I'm looking for a balance transfer of a period of minimum 12 months.
I'm seriously considering the scb 12 and 24 month promotion, but are there any banks with such similar promotions ? thanks.
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Old 16-01-2009, 10:48 AM   #180
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bros I'm looking for a balance transfer of a period of minimum 12 months.
I'm seriously considering the scb 12 and 24 month promotion, but are there any banks with such similar promotions ? thanks.
i dont think so. only SCB allows s12 and 24 months repayment
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