The interest is calculated based on a front-end add-on method where we take flat interest rate multiple by the loan amount and the loan tenure.
The monthly interest is then apportioned using the Rule 78 method where the interest repayment component of the monthly instalment is higher in the beginning of the loan tenure.
You are about to enter a third party website & CIMB Group's Privacy Policy will cease to apply.
This link is provided for your convenience only and shall not be considered or construed as an endorsement or verification of such linked website or its contents by CIMB Group.
CIMB Group makes no warranties as to the status of this link or information contained in the website you are about to access.