Harith is planning to renovate his parent's house in Penang. The contractor informed him that it will cost approximately RM100,000. Harith has allocated RM60,000 for the renovation and needs to consider taking personal loan on the balance of the cost. Bank AKU is promoting a flat rate of 3.5 percent over 10 years. Calculate the amount of monthly installment he needs to pay. Suggest one (1) reason on how personal loan can be a good choice.