‘5 tahun bayar pinjaman kereta tapi hutang masih tak surut’

AI Summary

Malaysian borrowers are complaining about the Rule of 78, a pre-computed interest calculation method, claiming it makes early loan settlement costly. Financial consultant Afyan Mat Rawi highlighted borrowers' frustration that despite consistent payments, outstanding loan amounts remain high, as a significant portion of early payments goes towards interest. This issue has sparked concern among social media users, who feel trapped by the seemingly insurmountable debt.