Questions about personal loans.

[kingboonz]

Too good to be true.

 

[limster]

Due to an urgent family matter, I need to take out a personal loan of $20,000 for roughly 2 months. I would like to ask

1. Which is the best bank for the best interest rate? And the best personal loan plan?

2. If I want to do early repayment, will the interest be counted in for the unpaid years?

2 month loan if you can do early repayment then might as well don't bother to take the loan...

 

[BBCWatcher]

How about just getting the OCBC Cashflo Credit Card? Please check the fine print, of course, but if you spend that $20,000 on that credit card then you should get a minimum 3 month repayment period automatically, at zero interest and with no fees. You'd even get up to a 1% rebate.

This assumes you can use a credit card to spend this $20,000 you're talking about.

 

[kingboonz]

2 month loan if you can do early repayment then might as well don't bother to take the loan...

I need this money for 2 months before credit will be available, any way that I can get it?

 

[Mecisteus]

Just apply for a balance transfer from any of your banks.

 

[Trazora]

I suggest balance transfer from banks that TS has credit card or cashline/ready credit services with. Call to enquire for the best rate for those balance transfer with 0% processing fees and reducing bslance interest. Can try banks like maybank, UOB, hsbc, citibank.