best funds transfer rate now?

[Thanatos_Wraiths]

Hi Bro,

Thanks. The CSO say they will send me mailer once approved. have been more than a week, no mailer received. Thanks for your information!!

What i did was an internet banking online application for the FT as i am existing user of their PLOC.
If you are applying for PLOC and the FT at the same time, it probably will take a bit longer and also there had been lesser working days the past 2 weeks due to the festive seasons.

 

[goenitz33]

me too, it's a mailer, amount is fixed... got 8k only.

hehe mine is 2.5k

 

[eticfe]

Hi All Experts,

Need some help to get some cash fast without paying to much on interest, etcs.. to banks (Layman terms).

Recently apply for SCB Salary Advance but was rejected. I am unable to understand bank products and interest rate, Effective Interest Rate, charges, etcs... I have Amex, UOB, POSB, HSBC Revolution, Citi, Maybank, ANZ, BOC, OCBC.

Please kindly advice me which bank currently have the best promotions?

Thank you all in advances first!!!

 

[Thanatos_Wraiths]

Please kindly advice me which bank currently have the best promotions?

Thank you all in advances first!!!

UOB - 2.88% PA (baseline is 1.99%?)

POSB => DBS Cashline - 2.88% PA

HSBC CC/PLOC - 1.88% PA

Citibank - 2.88% PA

Maybank - Interest Free with 1.38% PF (min $30K) -
Interest Free with 1.68% PF (min $10K)
Interest Free with 1.88% PF (min $2K)

OCBC (Easicredit)- Interest Free with 1.5% PF (3mths)
Interest Free with 2.5% PF (6mths)
Interest Free with 4% PF (9mths)

SCB - Interest Free with 2.5% PF

*PF = Processing Fee

Anyone else with updates, please share as well. Thanks!

 

[eticfe]

Hi Thanatos_Wraiths,

Thank you so much really appreciate your help.

It seem like OCBC have the best rates now.

OCBC (Easicredit)- Interest Free with 1.5% PF (3mths)

Does this means that only pay to the bank (loan amt + 1.5% PF) on the third month and nothing else?

 

[Thanatos_Wraiths]

Hi Thanatos_Wraiths,

Thank you so much really appreciate your help.

It seem like OCBC have the best rates now.

OCBC (Easicredit)- Interest Free with 1.5% PF (3mths)

Does this means that only pay to the bank (loan amt + 1.5% PF) on the third month and nothing else?

1) For OCBC easicredit, there is still a min charge of $5 although it is interest free
2) You must pay a min of 3% of ending balance monthly.

No, PF of 1.5% (for 3mth) is worse off than 1.88% from HSBC as your effective interest rate (not adding the min $5 OD charges yet) is higher for the former.

1.5% PF for 3 mths; 12 mths (annually) would be > 6% P.A. and your interest is deemed to had paid upfront even if you are able to do a full settlement before the 3 mth is up.

Your are better off with HSBC's promotion.

 

[RazerDA]

the rate are for 6mth or 12mth?

prefer p.a interest rather than processing fee...

 

[Thanatos_Wraiths]

the rate are for 6mth or 12mth?

prefer p.a interest rather than processing fee...

For 6 mths unless mentioned otherwise.

 

[carey]

I think the most aggressive was ANZ recently...

0% interest with no processing fee for 3 months

 

[xiaolavie]

I think the most aggressive was ANZ recently...

0% interest with no processing fee for 3 months

how to take up this promo? they sent u empty cheque or via hotline?

 

[carey]

how to take up this promo? they sent u empty cheque or via hotline?

They sent me a blank cheque

Arbitrage and made nearly S$80 on interest for 3 months

 

[goenitz33]

They sent me a blank cheque

Arbitrage and made nearly S$80 on interest for 3 months

ahhh unfortunately i have no ANZ CC so wont have this offer

 

[carey]

ahhh unfortunately i have no ANZ CC so wont have this offer

It's their moneyline account - came "free" with the CC (back then was still RBS)...hahah

 

[SoulEraser]

if your annual income is more than 120k, i have lobang to get @ 1.68% EIR pa, if 300k, 1% EIR pa.

 

[eticfe]

They sent me a blank cheque

Arbitrage and made nearly S$80 on interest for 3 months

Not really sure what you mean by "Arbitrage and made nearly S$80 on interest for 3 month?"

Is you or the bank make S$80?

Thank you in advances first!

 

[heng_alvin]

I think the most aggressive was ANZ recently...

0% interest with no processing fee for 3 months

you got that recently or long time ago? if recently,i will call in to try my luck. thanks.

 

[shalome]

you got that recently or long time ago? if recently,i will call in to try my luck. thanks.

This is for customers Who first time take up the balance Transfer. If you interested I can pass you one email or number from my previous salesperson from anz. I don't know her personally but I find her not bad. She don't really push and got patience.

 

[carey]

Not really sure what you mean by "Arbitrage and made nearly S$80 on interest for 3 month?"

Is you or the bank make S$80?

Thank you in advances first!

Of course it's me...how can it be arbitrage and I lose money?

ANZ gave me "free" money, I put into another high interest rate account = instant money

 

[carey]

This is for customers Who first time take up the balance Transfer. If you interested I can pass you one email or number from my previous salesperson from anz. I don't know her personally but I find her not bad. She don't really push and got patience.

Actually it's my second time liao...hahah

 

[heng_alvin]

This is for customers Who first time take up the balance Transfer. If you interested I can pass you one email or number from my previous salesperson from anz. I don't know her personally but I find her not bad. She don't really push and got patience.

0% interest 0 processing fee? pls pm me the contact,thks