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How much I should pay to clear my credit card bill?


credit card bill
Apexeder asked:


Hi,

I have a credit card which the out standing balance is (Ringgit Malaysia) RM4500. I wanna clear this debt by monthly instalment.

Can anyone please calculate for me if I pay RM 250 a month, how long can I pay off my credt card bill if I don’t use this card within the repaymet period?

Thanks a lot.

Mydomain.com

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This entry was posted on Monday, September 7th, 2009, 10:09 am and is filed under Credit Cards. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

  1. #1 by carajuk - September 8th, 2009 at 06:28

    What is the interest rate?

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  2. #2 by Josephen - September 8th, 2009 at 11:05

    RM 784.42 as interest. wow

    Since you didn’t mention about your APR, I assume it is 18% as most of the Malaysia credit cards do, then it will take 22 months to pay off.

    Further information, if you pay RM 250 per month, after 22 months you will paid off your bill, provide that RM 784.42 has go to your debt interest. Totally, you had paid RM 5 284.42.

    If your APR isn’t 18%, you can calculate yourself by using the calculator at , it will show how long it take to pay off your bill and how much you paid for the interest.

    Hope this help.

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  3. #3 by gameboyloveu - September 10th, 2009 at 03:21

    well its depends on the interset.

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