Car loan max limit delay

[Windchoco]

ya ya tuachia.com support abit

 

tuachia.com and tuachia.com.sg still available for registration.... [laugh]

 

 

[Notsogoodman]

Yup DBS loan is like that, no need to pay any deposit

 

and first payment is 1 month after get car.

 

Also they gave me a loan of 2.4%.

 

My housing loan was 3%.

 

So depreciating asset like car can

 

have a lower interest rate than a home.

 

ur car interest rate is calculated upfront, which means your Effective Interest Rate is about 4.5-5.5%. On the other hand, housing loan is quoted as Effective Interest Rate

 

[Nf0rc3r]

I never believe in delaying loan payment. Unless u rly can't pay why want to delay? Go check your credit history.

Next time u take loan. Doesn't matter what kind of loan. Another car loan, study loan for your child, housing loan, interest gonna be higher cos ur deemed higher risk.

Is it worth it? for the 1 mth delay.