03-05-2008, 12:21 AM
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New to BMW.SG!
Currently driving: a LHD tank in the Saudi dessert
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Join Date: Dec 2007
Location: currently stationed in Khobar, Saudi Arabia
Posts: 16
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Re: Buyer beware - Loan rates in Singapore
Quote:
Originally Posted by kuvesh
Can someone explain to me rule of 78?
This is some sort of prepayment penalty right?
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Click on the link and scroll to bottom of the page for explanation + calculations on rule of 78. Pretty straightforward. 
DBS Singapore | Personal Banking | Loans & Mortgages | Auto Loan |