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Old 09-05-2018, 04:56 PM   #2531
tmkedmw
Supremacy Member
 
Join Date: Feb 2013
Posts: 5,441
U just need to read the promo or advert at their website, it says 2% pa, now with sibor up it exceeded 2% , they are losing , error in forecasting sibor, of course they have to tweak tnc to bring it back to 2%
Tweaking from 0.8 of 1mth sibor to 0.7 of 1mth sibor does not bring the effective interest rate to 2%. With the current 1 mth sibor at about 1.37+%, one should still get about 2.15% EIR with the revision.
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