Thursday, July 19, 2012

Interesting Calc

I used some time to go calculate. At the same time, I also read thru the policy a bit.

Realizing the fact that sooner or later, I will need to talk with people about how can we cancel debt by subscribing a specially customized financial product by OCBC bank, in collaboration with Great Eastern. I must start equip myself with these essential knowledge.

My findings are as follow:


  1. The loan interest per year is 3%.
  2. The longer you settle your loan, the higher the interest is.
  3. If you failed to pay, your guarantors, which in general, is both your parents.

http://www.ptptn.gov.my/web/guest/anjung
http://www.ptptn.gov.my/web/guest/pembiayaan/calculator/loan

Can education comes for free?

As the election is imminent, many parties are trying to make a point out of the topic "Free Education for the Children". Our politicians love children a lot too, though they never appear in Children's Day celebration ceremony before.

Shall share more.

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