If you have a DBS Cashline account, be very very wary. (Ok... that sounds odd)
Unlike Credit Cards, the interest is charged daily, irregardless of when you receive the statement. Meaning to say, you sign the cheque, transaction is made 20 days ago, you just received the statement, you have to pay 20 effective days of interest, at 17.5% interest p.a.
Ok, my maths really lousy, but that's a LOT OF MONEY LOR!!! In my case, for a loan of $138, in 13 days, it is close to $1 already. Thankfully I called them up immediately after receiving the statement, if I blur blur, and wait a few days more, will be even worse.
Despite being as careful as I could, I've been robbed... again... by the bank.
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