14 banks start offering ‘reducing balance’ method for HP loans

2026-09-19 FMT 12

Core Tip: Minister says 80% of 429 hire-purchase providers are also transitioning from the old flat-rate and the Rule of 78 calculation methods.

Minister says 80% of 429 hire-purchase providers are also transitioning from the old flat-rate and the Rule of 78 calculation methods.

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