I was never a big fan of buying cars. I was thinking of using my families spare car as long as possible to avoid having a loan over my head. Its not that having a loan is bad, its just that I think cars in Malaysia are overpriced and I think it’s ridiculous to spend a big portion of your wages paying off a loan for the next 9 years. Read More

Daud has an outstanding RM 20 000 loan from PTPTN that he need to pay. He plans to pay the loan in lump sum after 5 years, assuming he did not sign up for the 1% Ujrah payment method that will make this technique irrelevant and also assuming he somehow avoided PTPTNs blacklist effects. Now let see how much actually that he has to pay after 5 years if the annual interest rate charge by PTPTN is 3%. Read More