Hi,
It’s all about money and wealth portfolio growth now that I don’t have much else to think about during my spare time. What would you do if you are offered a free loan to be paid back in six interest free installments? With no upfront charges nothing. Sounds too good to ignore although I’m not in the need of one at the moment.
Maybank recently launched the triple offers, one of which is the EzyCash-i i.e. the free loan mentioned above. Not sure how they will benefit from this. May be in the hope that people default repayments, resulting in interests :). Just a guess. Based on my available credit limit, I can get around RM24k. Should I grab the offer, at the very least, I can put it in a savings account that bears no less than 3.8% profit p.a. Based on my rough calculation, that’ll give me some RM320.29 upon the last repayment, which is better than not doing and getting anything.
However, I have wilder idea that will let me have the 24k in full after the last repayment :p. It’s not without risk though. Let’s see. I will update you on this six months from now, Insya-Allah.
