Malaysia Financial Blogger | Financial Freedom Ideas | imDavidLee.Com

Paypal vs Google Checkout: Which is better?

The Internet gives us so many windows of opportunities to make our life much easier. Nowadays, all kind of Internet business transactions and shopping have been revolutionized by the Internet through online payment services such as Paypal and Google Checkout.

Similarities Between Paypal and Google Checkout

Both are free and easy to set up. Both also require credit card verification in order to get your account working.

Both Paypal and Google Checkout quite similar in the sense that they can be used by sellers, merchants and buyers to sell, trade, or pay for certain items or services.

Paypal vs Google Checkout

Paypal is now owned by Ebay. Google Checkout is an online service provided by Google Inc. It was opened to the public since June of 2006, and was a free service.

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Malaysia Latest Car Loan Interest Rates

Last Saturday my friend told me that he bought a national car 3 months ago and his car loan interest rates was 4% for 7-year loan tenure. But, mine was 3.5% (5-year loan tenure) only. I still remember last year for 7-year tenure loan interest rate should be 3.65%. Thus, car loan interest rates in Malaysia had been increased. I think this is following the recent increase in the Bank Negara Overnight Policy Rate (OPR) in March.

In year 2009, when the OPR was at a historical low of 2%, the borrowers used to pay only up to 2.85% interest rate for a new foreign car. That’s the reason I can have the lower loan interest rate for my car.

Latest Car Loan Interest Rates

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How Much Can Withdraw from EPF Account II for Purchasing House?

Based on the EPF retirement plan, money accumulated in an EPF savings account II can only be withdrawn when members reach 50 years old, and they may allow to withdraw only 30% of their EPF, members who are 55 years old or older may withdraw all of their EPF.

EPF Account II Withdrawal at Age 50 Years

EPF allows you to make one shot withdrawal at the age of 50 years. In the other words, you are allowed to withdraw all your savings in Account II in order to help you prepare for your earlier retirement.

There is no restriction on how your money going to use. But, it is advisable that you use the money wisely and do not spend the money away, else you may not be able to achieve the kind of retirement life that you wished for.

Applications to withdraw can be submitted 6 months before reaching age 50 years. And, payment will only be processed after you reached 50.

Eligibility for Withdrawal:

You can withdraw your savings in EPF account II to finance the purchase of a house. If you obtained a full housing loan (100%), you are eligible to withdraw as much as 10% of the price of the house or the balance available in Account II, whichever is lower.

If you purchased a house by cash, you are eligible to withdraw as much as the price of the house with an additional 10% of the price of the house or the balance available in Account II, whichever is lower.

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Malaysia Car Plate Number Pricing

The Vehicle Registration Plate Number is the thing for every new car buyer mind after selecting the model and color. Are you fancy owning a personalized car number plate? Vehicle owners may able to buy a range of numbers such as 1 to 9999.

These are the price for those who desire to choose their favourite number as their car plate number:

RM210 - These are the current running numbers made available. You can refer to the JPJ website for the current running number. Let say the current running number is 7303, then you can choose the available numbers starting with 7xxxx and 8xxxx.

RM310 - You can preselect any advance number (if available). For example, if the current running number is 3303. You can select any numbers available beyond the 3 series up to 9999 (within the current alphabet, let say PJL) but you can’t jump the next alphabet, PJM.

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