best funds transfer rate now?

[Illegal_Operation]

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.

Hi, please introduce me ... thanks. U can prvt msg me... thanks

 

[Illegal_Operation]

hi hi, if i were to loan $50k and will be able to repay by half a year... where can i get it?

My pay is around $4.6k per month.. thanks

 

[Thanatos_Wraiths]

hi hi, if i were to loan $50k and will be able to repay by half a year... where can i get it?

My pay is around $4.6k per month.. thanks

You will have to get from a few banks for $50K

1) HSBC CC/PLOC - 1.88% PA - CL 2X appx $9K
2) UOB - 2.88% PA (baseline is 1.99%?) - CL 4X appx $18K
3) DBS Cashline - 2.88% PA - CL 2X appx $9K
4) Citibank - 2.88% PA - CL 4X appx $18K

CL = Credit Limit

a) Avoids those with processing fee.
b) adhere to at least the min monthly payment amount

 

[Illegal_Operation]

You will have to get from a few banks for $50K

1) HSBC CC/PLOC - 1.88% PA - CL 2X appx $9K
2) UOB - 2.88% PA (baseline is 1.99%?) - CL 4X appx $18K
3) DBS Cashline - 2.88% PA - CL 2X appx $9K
4) Citibank - 2.88% PA - CL 4X appx $18K

CL = Credit Limit

a) Avoids those with processing fee.
b) adhere to at least the min monthly payment amount

Thks. Btw how do u count e interest per annum?

 

[Thanatos_Wraiths]

Thks. Btw how do u count e interest per annum?

The banks will auto generate the interest based on the interest rate.

Basically in an e.g. 2.88% P.A. for 6 mths, Amt $10K

Int(1st mth-Apr) = no. of days in mth X (2.88%/365) X $10K = $23.67
O/S = $10,023.67. Min payment is 3% = $300.71

Int(2nd mth-May) = no. of days in mth X (2.88%/365) X ($10,023.67 - $300.71) = $23.78
O/S = $9,746.74. Min payment is 3% = $292.40

.
.
.
.
up till when your 6 mths is up, prevailing interest rate (high) will apply if not pay u in full.

 

[eticfe]

Bank Of China got 1.5% processing fees 0% interest for 6 months fund transfer.

I received the sms valid till 15th March 2012. I am there credit card holder maybe only for selected customer. Can call them and check if you are holding there credit card.

 

[Illegal_Operation]

The banks will auto generate the interest based on the interest rate.

Basically in an e.g. 2.88% P.A. for 6 mths, Amt $10K

Int(1st mth-Apr) = no. of days in mth X (2.88%/365) X $10K = $23.67
O/S = $10,023.67. Min payment is 3% = $300.71

Int(2nd mth-May) = no. of days in mth X (2.88%/365) X ($10,023.67 - $300.71) = $23.78
O/S = $9,746.74. Min payment is 3% = $292.40

.
.
.
.
up till when your 6 mths is up, prevailing interest rate (high) will apply if not pay u in full.

Thanks... may i know what is O/S? Outstanding Sum? Why is there a min payment 3%? what is it for? thanks

 

[Thanatos_Wraiths]

Thanks... may i know what is O/S? Outstanding Sum? Why is there a min payment 3%? what is it for? thanks

Yes, O/S is the outstanding sum or amount.
Most banks requires one to pay at least 3% of the O/S amt every month.
Exactly why set it as 3%, i do not know but i think could be a few reasons as below:-

1) To keep tab on borrower. A punctual payment of the min 3% means you are still on the "program" rather than to realised that the borrower had defaulted only at the end of the 6 mths
2) 3% per month for the 1st five months will effectively reduce your O/S by 14.1% (not factoring the interest charges) and make it more manageable to pay off the whole chunk (sounds CSB?)
3) A logical reason i can think of will be to make room for not exceeding your credit limit when compounding the interest monthly (e.g. 24% PA = 2%/mth)

 

[Thanatos_Wraiths]

Bank Of China got 1.5% processing fees 0% interest for 6 months fund transfer.

I received the sms valid till 15th March 2012. I am there credit card holder maybe only for selected customer. Can call them and check if you are holding there credit card.

Anyone who is keen to take up may want to note that BOC had imposed a min charge of $10 per month (used to be $2.50) for finance charges from 9/Jan 2012 (received a notification letter from them in Nov 2011).
Better to clarify with the bank before taking up a interest-free with processing fee BT/FT.

It's not just BOC, OCBC easicredit also does a min of $5/mth.

So, generally do take note of this min finance/admin charge thingy when dealing with interest-free with processing fee BT/FT.

 

[Illegal_Operation]

Anyone who is keen to take up may want to note that BOC had imposed a min charge of $10 per month (used to be $2.50) for finance charges from 9/Jan 2012 (received a notification letter from them in Nov 2011).
Better to clarify with the bank before taking up a interest-free with processing fee BT/FT.

It's not just BOC, OCBC easicredit also does a min of $5/mth.

So, generally do take note of this min finance/admin charge thingy when dealing with interest-free with processing fee BT/FT.

so actually is not 1.5% processing fee and no interest? Must pay min $10 per month for finance charges also.. which means $60 for 6 months?

 

[shalome]

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

Hi, have you contacted her? Cause if it is not relevant to what you guys refer to, I should remove my post in order not to give wrong info or false hopes. I'm sharing what my experience Though.

Hi, please introduce me ... thanks. U can prvt msg me... thanks

Hi sorry didn't track this thread. Just saw your pm. Will reply you soon. However not really sure is it the one you need/ looking for. hope can help.



Carey Ha ha maybe I got bluffed then

 

[RazerDA]

so only HSBC got a 1.88% now...
hmm...

 

[goenitz33]

so only HSBC got a 1.88% now...
hmm...

u can always check with SCB to see whether they have promo.

they had 1% processing fee and 0% interest for 6 mths.

Or Citibank since recently like got promo (i get $&#&##@ calls every 2-3 days from them until i told the officer off to make a note in my profile that i do NOT require loan and will check back with them if i NEED )

 

[starbugs]

u can always check with SCB to see whether they have promo.

they had 1% processing fee and 0% interest for 6 mths.

Or Citibank since recently like got promo (i get $&#&##@ calls every 2-3 days from them until i told the officer off to make a note in my profile that i do NOT require loan and will check back with them if i NEED )

I also got 2 calls within about 2 weeks from Sh!tty(and the BT rates they offer are sh!tty)

 

[Thanatos_Wraiths]

so actually is not 1.5% processing fee and no interest? Must pay min $10 per month for finance charges also.. which means $60 for 6 months?

So it is actually better to look at those without processing fee and compare both. With procesing fee, its usually not interest free even its 0% PA and paying the processing fee is payig the interest upfront and is deem as early settlement penalty.

 

[heng_alvin]

take note to ask them when would the statement be issued every month and only ask to disburse the loan after that date. For eg, citi ready credit is on 8th of every month and if u take up the loan on 1st or worst...7th, you incur unnecessary min interest charge.

@shalome

thks for the contact but i've yet to email her,will get back to u on the outcome after i've contact her.

 

[Illegal_Operation]

now actually i need only $30k and able to pay back by half a year.

So was thinking to get from Bank of China (1.5% processing Fee, 0% fund transfer, 6 months) , Citibank (2.5% service fee, 0% Fund Transfer, 6 months) and ANZ (0% processing fee, 0% Fund transfer, but this is 3 months, wonder they have 6 months). Each $10k.

Any other suggestion? thanks

 

[goenitz33]

I also got 2 calls within about 2 weeks from Sh!tty(and the BT rates they offer are sh!tty)

2 calls in 2 weeks is ok.

i got 3 in a week

Then add on their partner insurance called me again when i had repeatedly told them i have another insurance co. managing my portfolio

 

[goenitz33]

now actually i need only $30k and able to pay back by half a year.

So was thinking to get from Bank of China (1.5% processing Fee, 0% fund transfer, 6 months) , Citibank (2.5% service fee, 0% Fund Transfer, 6 months) and ANZ (0% processing fee, 0% Fund transfer, but this is 3 months, wonder they have 6 months). Each $10k.

Any other suggestion? thanks

Have you checked with Standard Chartered & HSBC ?

 

[goenitz33]

So it is actually better to look at those without processing fee and compare both. With procesing fee, its usually not interest free even its 0% PA and paying the processing fee is payig the interest upfront and is deem as early settlement penalty.

Actually i think best is ask them at point blank what is the EIR.

Since that is all that really matters.

thats why i hate SG's banks cause they come up with alot of stuff to try to confuse the average consumer -.-