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Showing results for tags 'Loans'.
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Thougt i start this on loans now and to monitor as well rates for vehicles and perhaps houses. One thing that got me thinking is that loans form a core business with the legal ah longs...er banks. One post i rem jamesc posted is that one ahs and shd be considerdd prett high on the list to...
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Is the HDB housing loan a reducing balance loan? If so, how is the monthly instalment amount calculated? I understand that if the monthly instalment is X, then X = Y+Z where Y goes toward principal and Z toward interest. Over time, X remains constant but Y and Z will change. How is X det...
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CITIBANK is upending the traditional vehicle financing model here by pre-qualifying customers for car loans - thus bypassing the motor industry, which could lose millions of dollars in finance commissions if this practice is eventually adopted by other banks - PHOTO: AFP 18 Oct5:50 AM Singapore...
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This was brought up a few days ago, in the "President" 's policy suggestions... Instead of stopping people using their CPF to pay for their mortgages, why not reduce the prices if HDB flats and not peg them to market prices with land prices? Then Singaporeans will have more money to save with lower...
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Hi Bros , Pls feel free to contribute as below ; Latest Prices as of Yesterday ; Mers - CLA 180 146 k after trade-in plus 3.5k svc vouchers .. aggressive pricing Mitsubishi - Lancer 89k , Attrage 79k (Many people signing ) Hyundai - Elantra - Standard 89k , Elite 96k Toyota - Wish 10...
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OK, so I guess most people already know how a car loan of 2% HP rate equals to easily over 5% APR over a few years. But for mortgage loans in Singapore, the rate which the bank advertises, is the 'nominal' APR and not the effective APR correct? e.g. I understand most banks use the 'daily res...
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In USA, the car loan company is able to disable the car if the car instalment is not paid on time. Coming here soon? I think not likely . . . http://seattletimes.com/html/localnews/2024625051_carpaymentsxml.html The thermometer showed a 103.5-degree fever, and her 10-year-old’s ast...
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http://www.channelnewsasia.com/news/singap...oan/661792.html "We have about 37 units of those ex-stocks. We have cleared (most of them), left with two units only. So it has turned out to be not only good, it's fantastic. When borrowing restrictions revert next month, the Singapore Vehicle... -
About 69 per cent of used cars eligible for full loans have been sold as of 27 May since authorities lifted borrowing limits for buying those cars for 60 days. This concession will last till Tuesday. Motor firms are bracing for uncertainty thereafter. Dealers whom Channel NewsAsia spo...
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SINGAPORE -
MAS Imposes Financing Restrictions on Motor Vehicle Loans http://www.mas.gov.sg/en/News-and-Publicat...icle-Loans.aspx Singapore, 25 February 2013 -
I've been pondering over this and would appreciate your views on this. Assuming I have a sum of money sufficient for me to fully redeem my car loan. In light of the high inflation during this period, would it be wiser: 1. Hold onto the money and continue the loan till its full term sinc...
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MCFers are definitely not the average car buyers as here all buy cars with cash. MORE and more premium-brand customers are taking vehicle loans as car prices rise but there does not appear to be much change among buyers of mass-market makes, say some motor distributors. They refuse...
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Buy Car Must Take Loans/Buy Insurance Same Place???
Vulcann posted a topic in General Car Discussion
From ST Forum: http://www.straitstimes.com/STForum/Story/...ory_694341.html Anti-competitive 'Almost all car dealers insist buyers take up motor loans and insurance from companies they have tied up with.' MR LEONG SZE HIAN: 'I bought a new car recently and was told by the manufa... -
http://www.channelnewsasia.com/stories/sin...1177383/1/.html SINGAPORE : Finance Minister Tharman Shanmugaratnam has said that not allowing banks to finance Certificate of Entitlement (COE) prices will not be effective in moderating the rise in premiums. Responding to a call by MP for Pas...
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CNA Motorists taking bigger loans as COE prices surge SINGAPORE: As car prices rise, motorists in Singapore are chalking up bigger debt on their motor vehicle financing, according to latest figures released by Credit Bureau Singapore (CBS). The average loan quantum in July 2011 increa...
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I heard from the radio Banks & Finance company have a 40% rejection rate for car loans even for those earning >3k a month? Maybe they reject 100% loans & overtrades? If true then it explains why 2nd hand car prices r dropping like rocks and COE is at multi year low.
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Hello All Just trying my luck here. I work in a headhunting firm and looking out for someone who has manged and marketed auto loans. This position requires someone with 2 to 4 years relevant experience and able to market the loans to PI and Used car dealers. For confidential discuss...
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Interest-only loans: the pros and cons They make sense to short-term investors and individuals who are high income earners and in high tax brackets. Ben Fok CONSUMERS are constantly bombarded with offers of loans, overdrafts, credit cards and instalment plans that promise instant gr...
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Still see so many cars despite govt's attempt to discourage driving.. Mostly OPCs..
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if provide loan, those ppl better be careful cos their assets will be confiscate by AIG/AIA to repay debts...especially car owners will park their car at a remote place to prevent repoman tow away
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IT has scored some stunning successes in developing countries such as Bangladesh, China and Indonesia. Microcredit, which gives small loans to the poor, has helped them and the illiterate escape the poverty cycle. It gives them much-needed access to credit to set up their own businesses. The...
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Paying off car loans early to hurt less A more even spread of interest charges over period of loan proposed By Kelvin Wong? AN OUTDATED way of calculating interest payments on car loans, which penalises borrowers for paying off loans promptly, looks set to be replaced. In its place...
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It has come to my notice that the latest car loans in the market has some forms of penalty cluases for early redemption/settlement. This is in addition to the Rule of 78 in calculating interest rebate when you do an early redemption/settlement, which is effectively already by itself a penalty. I...
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From ST Forum: Feb 22, 2008 Bank's client rebate for car loans: Whose is it? I BOUGHT a car for $55,998 from a parallel importer last Sunday at Turf City. The company also gave me a menu of car loan packages offered by several banks from which to choose, which I did. A staff membe...
