personal loan,balance transfer 的陷阱

blueyap82

平息转换为有效利率Flat Rate to Effective Rate
日前采取的信用卡利息新措施有两大要点：只有缴清信用卡欠款者能如往日般享有20天免利息新机制；过去12个月准时按月缴清信用卡欠债或每月缴付最低付款限额的人士可享有低至15%的年利率（过去是18%年利率）。作为信用卡使用者，若目前尚欠卡债，因过去准时还款，如今享有较低利率有助减低负担，固然可喜。若要同时享有使用信用卡消费的免利息期，需要一张没有欠款的信用卡。这可通过申请全新的信用卡，或重组现有的信用卡债以便腾出一张没有欠款的卡。往后的消费集中在没有欠款的信用卡，并按月还清。能够妥善处理信用卡消费及欠款，消费人便可享有这新措施的”奖励”。但，许多消费人却容易掉入另一些银行的贷款配套而饱受高利息的折磨而不自知。常常我们会接到金融机构打电话来提供即优惠（如贷款年率12%）、即简易（无需文件、无需担保人）、即快速（2天内速批、甚至已经事先批准）的个人融资配套，心想有关银行实在是重视我这个顾客才以有关优惠来回馈我，便很爽快地答应了。殊不知，多少消费人因此成了冤大头！节息不成却反而付出了更高的利息。让我们以例子详加说明（注意：以下例子根据市场实况，但并非影射任何一间特定银行，如有雷同，纯属不幸）。杨银行先生目前欠大白鲨银行信用卡RM10,000。有一天，大白鲨银行的电话销售代表提供了马上批准无需文件无需担保零手续费七天后过账的RM10,000个人低息贷款，他的卖点：”扬先生，你的信用卡每月利息1.5%，我们的贷款每月利息只是区区的1.0%…”让杨先生接受献议，分24个月摊还，每月还款RM516.67。如果杨银行先生没有接受有关个人贷款来清还信用卡欠款…假设其信用卡的年利率18%（有效利率为19.7%），每月还款RM516.67，他只需23个月便可连本带利还清卡债。比起个人贷款节省了1个月的还款！再看若杨先生还款纪录符合年利率15%的条件（有效利率为16.2%）,每月还款RM516.67，他只需22个月便可连本带利还清卡债。比起个人贷款节省了2个月的还款！所谓的优惠个人贷款，在上述情况里一点都没优惠，正是拿米换番薯，一动不如一静。个人贷款的12%利率是平息（Flat Rate），而信用卡债的年利率是有效利率（Effective Rate）。把上述平息12%换成有效利率是近乎24%！可悲的是，根据观察，只有少数的银行在贷款配套中列明相关平息的有效利率相等值，以便不通晓利率语言的消费者从中易做出明智的抉择，许多人都在无知的情况下选择了看似低息的高息贷款！银行打着”低息”的响锣，不应该让人陷入更高息的深渊。消费者使用信用卡时发卡银行向商家征收了佣金；信用卡欠款征收了以日计算的利息；再以”低息”为名赚取更高利息，无所不用其极的赚钱手段是变相的剥削消费人！国家银行应该规定所有银行在提供个人贷款时，必需清楚说明与固定利率相等的有效利率。如果可以，银行也有必要应顾客的要求、情况用图表（如上例）来让顾客比较。我说”如果可以”，是因为我觉得”多数不可能”。银行所提供的图表通常是用来”引导”你觉得在某种情况下他所提供的配套可以减低你的贷款利息（也的确如此），广告宣传意味浓。但，你的情况，如还款能力与规划，与他设定的情况通常是有别的。这些差别的效果很可能会如上述例子：一动不如一静。银行若无法提供相关的比较，你也许可以咨询理财专员。

Tenure(months) 摊还期（月）	Yearly Flat Rate 年平息	12.00%
12	有效利率  Effective Rate	21.46%
18		21.64%
24		21.57%
36		21.20%
48		20.75%
60		20.31%
72		19.89%
84		19.50%
96		19.13%
108		18.80%
120		18.49%

以上资料转在于 http://www.communityfq.net/?cat=9

blueyap82

Why it’s not always cost efficient to use personal loan to clear credit card debt

THE subject matter has become a common scenario among credit card debtors. Taking a personal loan to settle credit card sales method has also been adopted by banks in pushing their personal loan product. But is that wise? Key question – is the total sum paid to settle the personal loan actually less than the sum which would otherwise be paid to settle the credit card debts?

For that, a few factors need to considered. Firstly, the tenor; while credit cards have an indefinite tenor with a minimum of 5% of outstanding balance to be paid, a personal loan offers a range of between 1-7 years for repayment. This sounds better. Secondly, and more importantly, what is the actual annual interest rate of the personal loan (which differs from the nominal fixed rate quoted for personal loan) as compared to the annual interest rate of the credit card, which is about 18%?

The nominal fixed interest rate that are usually quoted for personal loans (which ranges from 7.5% to 12%) is not an apple to apple comparison to the 18% annual interest rate charged for credit card debts. So, you’re dead wrong if you assume that a 12% nominal fixed interest rate for personal loan is better than a 18% per annum credit card interest rate.

To get a better understanding of the two types of interest rates, let’s look at their difference. Nominal fixed interest rate is similar to a hire purchase interest rate, whereby a fixed rate is charged against principal, and levied over the period of the payment. There is no consideration given towards the reducing principal balance as the repayments take place. Whereas, the credit card annual interest rate is a reducing balance interest charge, therefore interest is charged monthly on the reduced principal balance. This is similar to a housing loan interest calculation.

Let us now look at some examples of interest calculations whereby we derive the similar annual interest rate for the personal loan so that we can compare apple to apple with the credit card annual interest rate. The following assumptions have been adopted:

* Personal loan sum: RM10,000

* Repayment period: 3 years on 36 equal monthly instalments

* Nominal fixed interest rates (NFIR): 8%, 9%, 10%, 11% and 12%

For the different NFIRs, I have come up with a schedule (Table 1) to show the monthly and annual interest rates for the personal loan.What Table 1 shows is that for a given NFIR, there is a substantially higher annual interest rate. The 18% annual interest rate for credit cards sits between the 10% and 11% NFIRs. With some banks now reducing the credit card annual interest rates to 16%, the equivalent for personal loan sits between the 8% and 9% NFIR.

Let us now try different tenors for the loan repayment compared to the fixed 3 years and see the difference in the annual interest rates as per Table 2.

Therefore, annual interest rates are lower with longer tenors, but do bear in mind that longer tenors will entail bigger absolute sum being payable.

Another issue that is equally important but which is usually disregarded by borrowers is the fact that the personal loan is not paid net, but comes after deducting the cost of processing and handling fees. The fee usually comprises a fixed and a percentage rate. Going back again to our RM10,000 personal loan, let us assume that we only get paid RM9,650 after deducting RM350 for fees, how does this affect the annual interest rate? Refer to Table 3.

You will note that the annual interest rate has increased about 2.6% with the introduction of loan processing fees.

Now, let us go back to our main question – if I have a credit card debt that carries an annual interest rate of 18%, do I take a lower NFIR rate personal loan to settle it? The answer is ONLY if the personal loan offers a NFIR of lower than 8.53% (recomputed to 2 decimals based on assumptions in Table 3)

Having said that, for anyone considering converting credit card debts, the better option would be to do a transfer balance, whereby another bank undertakes to settle the credit card balance on your behalf and sets up a reducing balance loan account, albeit certain conditions of course.

Be an informed borrower; ask your banker for annualised interest rates or effective interest rates of any loan product. If the banker uses bombastic words, try making reference to hire purchase and home loans, whereby you understand how these interest mechanisms work.

以上资料转在于http://biz.thestar.com.my/news/s ... 731618&sec=business

blueyap82

总结:如果PL低于8.53%可以考虑下。

blueyap82

给你们算算那个值得。假设我要借十千分两年还
你会选那个？

1：大白沙银行 bt 5% upforont interset for 24 month(但要先给500利息）
     10000*24=417
或
2；大鳄鱼银行 lifetime 6%p.a plan（=0.5per mont)
     （注：每月还款至少5%）

母金                            每月利息         每月最低还款
10000                                   50           500
9550                               47.75           477.5
9120.25                        45.60125        456.0125
8709.83875        43.54919375        435.4919375
8317.896006        41.58948003        415.8948003
7943.590686        39.71795343        397.1795343
7586.129105        37.93064553        379.3064553
7244.753295        36.22376648        362.2376648
6918.739397        34.59369699        345.9369699
6607.396124        33.03698062        330.3698062
6310.063299        31.55031649        315.5031649
6026.11045        30.13055225        301.3055225
5754.93548        28.7746774        287.746774
5495.963383        27.47981692        274.7981692
5248.645031        26.24322516        262.4322516
5012.456005        25.06228002        250.6228002
4786.895484        23.93447742        239.3447742
4571.485188        22.85742594        228.5742594
4365.768354        21.82884177        218.2884177
4169.308778        20.84654389        208.4654389
3981.689883        19.90844942        199.0844942
3802.513839        19.01256919        190.1256919
3631.400716        18.15700358        181.5700358
3467.987684        17.33993842        173.3993842

尚欠
3311.928238               

                           共利息                 共供款
                         743.1190847        7431.190847


你会选1或2？

kakaruto

读到脑袋都涨了

blueyap82

如果你嫌麻烦就注定给人吃定。
请大家不要在这里灌水。
或sc在这里卖瓜（自卖自夸）