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Anonymous

25 May 2022

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Hi I hav 2 personal loan and I wish to redeem 1 of them.The repayment fee is 2.5% and 3%.How do I calculate the interest rate i pay on personal loan to decide which loan is more worthwhile to redeem?

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1M45

Edited 25 May 2022

Use online calculator?

Although is mortgage calculator, u can just input interest, tenure and amount.

https://www.moneysense.gov.sg/financial-tools/m...

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