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 Paying more than the required monthly amount, Housing loan

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dvinez
post Apr 22 2010, 09:23 AM

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QUOTE(leongal @ Apr 21 2010, 01:44 PM)
Let say my monthly loan repayment amount is RM 1,000.

Then, this month, I have extra money and decided to pay RM 1,500 instead of RM 1,000.

Then, the following month, I found that I am short of money. Can I just pay RM 500 (since I have paid extra RM 500 in the previous month)?
*
can, at least for RHB, they open 1 saving account for me..i put $ inside can reduce house loan interest.
Each due date they will deduct installment amount only, however remaining money inside the saving account will still reduce interest for my house loan.\

if you can understand lol..not sure how to explain it..
dvinez
post Apr 23 2010, 02:27 PM

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hmm..i noob lol..
btw, flexi loan means if interest rate increase my installment also increase ?
even the letter wrote rm700 each installment ?

blur blur lol

 

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