[Innocast]

If 2% one time processing for 6 mths of interest free funds transfer? consider good?

[dao]

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.

[sinsyd]

dao wrote:

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?

[sAxman_Returns]

by invitation one nia....

[blackink]

wrong, lowest 1.88%

[sinsyd]

blackink wrote:

wrong, lowest 1.88%

then my next question is which bank and how...LOL

[sAxman_Returns]

blackink wrote:

wrong, lowest 1.88%

from where? recurring?

[dao]

blackink wrote:

wrong, lowest 1.88%

Processing fee or reducing interest? Which bank?

[sAxman_Returns]

trying to pianz us? lol!

[MikeDirnt78]

dao wrote:

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

[dao]

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.

[MikeDirnt78]

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

[sAxman_Returns]

dao wrote:

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.....

[senocs]

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.

[MikeDirnt78]

senocs wrote:

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