Guys, wanted to ask about loan. If taking fixed rate loan let say 100k, interest 2.5% for 5 year. If 2years later i wan settle, i have to settle the total including interest for 5 years right?
Latest Car Loan Rate 2012-2021| 2021
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 Nov 20 2022, 03:27 PM
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak  
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Nov 21 2022, 03:29 AM
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#2
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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QUOTE(jhleo1 @ Nov 20 2022, 11:51 PM) Yes but usually bank will give you rebate to pay lesser interest.  QUOTE(Icehart @ Nov 21 2022, 12:35 AM) Yes but usually not worth it. ok thanks for the info. I think the rebate also not alot, depends on how early u settle also. If variable rate loan, is only pay remaining principal right?You can read more about Rule 78 |
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Nov 21 2022, 09:29 AM
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#3
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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QUOTE(Icehart @ Nov 21 2022, 07:30 AM) If you plan to have early settlement it's better to take variable loan rate. Ohh okay, but i think better check with bank first if is pay principal only or not for variable rate loan. Because they say variable is like housing loan. U can settle the remaining principal. Or u can pay more to reduce the principal hence lower interest.However variable loan rate is subject to OPR rate, it can increase or decrease your monthly repayment. jhleo1 liked this post
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Nov 24 2022, 08:14 AM
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#4
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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Ambank
RM154k, 9yrs 2.45% |
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Dec 8 2022, 11:26 AM
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#5
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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QUOTE(overfloe @ Dec 8 2022, 10:02 AM) Eh, how long is loan processing takes nowadays after we submit the docs (assuming docs are complete)? mine 1 day only. ambankSo long never apply for car loan. |
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Dec 9 2022, 10:42 AM
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#6
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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QUOTE(overfloe @ Dec 9 2022, 10:33 AM) I sunmitted to ambank also. It has been 1 week. SA also slow in responding. LoL. haha need change SA and banker like tat. |
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Jul 23 2025, 02:42 AM
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#7
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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hi guys, wanna know if i wan settle my car loan, i saw ambank spelled out principal amount. So i can direct settle the principal amount, and thats it?
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