CASH Advance
Posted by admin on 14 July, 2009
2 Comments
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CASH Advance
CASH Advance (Personal loan) via EPP（NO 5% charge）, good for:
1.Investment
2.Starting a new business
3.Clearing other debts
4.Down payment for buying a car, house or etc.
5.Restructure your balance to Lower Monthly Installments
*
How it work
| Bank Card | EON Bank Berhad |
| Credit Limit | RM20,000 |
| Total Outstanding | 0 |
| Available Limit | RM20,000 |
| Purpose | Cash Advance (RM10000) |
| EPP Amount | RM18,000(up 90% of credit Limit) |
| EPP Tenure | 3 years |
| Interest | 22% |
*
Calculation 1
Restructure Amount= RM10,000 /(100%- 22)% = RM12,820
Interest= RM12,820 – RM10,000 = RM2,820
Monthly Installment= RM12,820/ 36months = RM356 (payment to EON Bank’s direct every month)
Minumum Payment = RM50
2 Comments on “CASH Advance”
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