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Post by nicolat on Aug 21, 2009 15:35:25 GMT 8
Dear fellow bros... can i ask who gt lobang for refinancing car loan???
I loan 10 years which is too long... wanna cut down my loan period...
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Post by cliuc on Aug 21, 2009 16:51:38 GMT 8
it may not be worthwhile to re-finance, depending on the total interest paid and the penalty for early termination of loan (rule of 78). if the penalty is more than the amount of interest you save, then no point.
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Post by nicolat on Aug 21, 2009 18:00:25 GMT 8
actually i was thinking of paying it 1 shot... but now at this times like not a gd time to clear the loan...
btw if i clear the loan 1 shot, then will i get a rebate for the interest?
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Post by james15 on Aug 21, 2009 18:50:15 GMT 8
you can call the financing bank to check your full settlement any time. they were give you the exact figure and due date.
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Post by pisang on Aug 21, 2009 20:14:34 GMT 8
Look at your loan's term & conditions / call them to clarify your doubts. If am not wrong,some banks do charge "an amount" if you intends to clear e loan 1 shot.
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Post by orangepica on Aug 21, 2009 20:21:44 GMT 8
thats why at the time u sign the loan have to consider carefully. most bank have early settlement fees although also have interest rebate. everything sign liao hard to change
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Post by superslinky on Aug 26, 2009 22:58:18 GMT 8
yea coz the bank that u finance with will rugi(loss) their interest that they loan to u...
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