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 Car loan settlement

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willer
post Dec 20 2013, 04:30 PM

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Joined: Jan 2003
From: MMU, Cyber+Malacca
QUOTE(xuzen @ Jul 26 2009, 10:23 PM)
Car loan aka Hire purchase is not amortized. House Loan aka Mortgage is amortized. In plain English, if you pay the car loan immediately, you still need to pay the interest. It serve no purpose to pay early. Better use your RM 30K for other gain yielding purpose.

Xuzen
*
ur right!
better put into house loan or stock market...

 

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