#The brand new payable apartment interest rate / payable studio costs was at step three.5% p.a beneficial. for 1 year and two years, and you can 3.0% p.a great. having 36 months, forty eight weeks and you may sixty months. The new respective effective rate of interest (EIR) is at 6.40% p.a great. getting 1 year, six.58% p.a great. to have a couple of years, 5.68% p.an excellent. having three-years, 5.67% p.good. to own forty-eight months and 5.64% p.an effective. having sixty days. EIR ‘s the term of one’s equal to new apartment notice rate / payable business charges quoted over playing with compounding as well as on a keen annualised interest rate / payable business charge basis.
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- Monthly instalment payable need to be paid-in complete in addition to any a fantastic delinquent number about prior report.
- If any month-to-month instalments will get delinquent, interest and you will later commission charge could well be levied to the instance overdue instalment and also other delinquent amounts on your CIMB Credit Credit account in accordance with the Cardmember’s arrangement.
- Later payment charge: S$one hundred could be charged if the (i) complete percentage of your a fantastic equilibrium (where the the equilibrium was S$fifty otherwise less) isn’t received from the commission due date; otherwise (ii) in the event your lowest percentage (the spot where the outstanding harmony is higher than S$50) specified on the statement isn’t received by the percentage owed date. Read more