How many % interest do bike shop charge for a new bike?

[McOrange]

How many percent do bike shop charge for a new bike?

Can any bro tell me how they calculate, let's say I lend 15k from the shop,

end up pay become how much?

Thanks in advance

[aRcHeR]

new bike interest will be ranging from 4% to 5%.. PER YEAR.

 

reloans will be higher if i'm not wrong..

[McOrange]

Thanks,

I'm buying a new bike wanna knw more thing before kena chop corrot!

[aRcHeR]

personally suggest asphoon, loois...

[McOrange]

Dun mind give me loois motor contact number?

[baojian1990]

http://installmentcalculator.com/

 

for new bike is 4-6%

old bike is 6 to8%

then reloan is around 8%

[McOrange]

thanks baojian, useful link.

[effey]

how bout bike p.roductn?

 

new bike 4% i think.

early settlement?

[legend37]

http://installmentcalculator.com/

 

for new bike is 4-6%

old bike is 6 to8%

then reloan is around 8%

 

woow,d interest is so high nowadays..I have nt own a bike 4

quite sumtime nw n went to bikeshops to look ard.. So shock wen

dey qoute me d int..unlike dos good old days ya.. Any other

places to loan wif low int besides bikeshops?

[rezz_shaz]

i would suggest u try the following..

get the amount u needed to pay for bike..go and enquire at"

 

post office...there is JAMES...who can help you..

NTUC......recently advertising for loans available.

BANKS/POSB...THEY MAY offer u lower rates..

 

bike shops now become legal loan shark very soon.

 

bro....JAMES charge more than most bikeshop....be carefull.

[TrebleClef]

Hitachi Credit?

[qwedefrf]

around 4 % for bike production

[haoKR]

5%-8%

c how much they wan earn nia..

[youknowme]

For a 15k loan for 3 years with 4% interest, the installment per month will be 15k x 3years x 4% = 1800 interest. Total loan with interest = 150k + 1800 = 16800. Divide by no. of mths, installment per mth will be 16800/36= 466.666...