Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question how to calculate monthly installments for personal loans? banks in malaysia fixed a 6.8% BLR(base lending rate). what is 'flat rate' and 'daily rest basis'? how many types of interest rate do we need to add in for the personal loan? By LibranJunkiee Posted on 08/15/07 Total Answers 4 Answers- First of all, NEVER sign up for a financial obligation or an investment unless you fully understand the details. If you do not know what a BLR is, recommend that you get a good answer from the lending institution before you proceed. Next go here: http://www.jeacle.ie/mortgage/ It is a mortgage calculator, but it works for any loan. Answer by : cbmttek On Date 2007-08-15 15:25:32 Flat rate means they do not use compounding and so in the above case the daily rate is 6.8/365 American banks also use this method. It is not correct mathematically, but is easier to work out. Answer by : Franco On Date 2007-08-15 15:30:43   Go Back To Search Results