I'm also taking OCBC loan. Whenever you pay extra, it will be automatically treated as "advance instalment" and cannot be withdrawn.
This is like you pay in advance for the monthly instalment in the future.

Don't worry though, because this extra payment will immediately save you interest. You can check your daily interest to confirm this.

Another type is "capital repayment", this can only be done through cheque deposit or over the branch counter. This will also immediately save you interest, but you can withdraw this by giving OCBC 3-day notice (minimum withdrawal amount 5k, and increments of 1k for my case).

Either way, you save the same amount of interest 

Just a note, in online statement, your outstanding balance = total balance - accrued interest

Where to check the daily interest transaction in internet banking? I only found the monthly interest but not daily. tq.

for daily interest, you have to do ur own calculation.
the accrued interest will increase daily, u need to calculate the difference to get the daily interest.

ok thanks....
1 more question if you don't mind 
i see this from my monthly statement:

Prncpl - Auto Split 633.69
Interest Payment Spl  859.31

is it mean the 1493 installment i pay, 633.69 pay for principle and 859.31 pay for interest portion?
i check each month and i found the interest portion become bigger 

ok thanks....
1 more question if you don't mind 
i see this from my monthly statement:

Prncpl - Auto Split 633.69
Interest Payment Spl  859.31

is it mean the 1493 installment i pay, 633.69 pay for principle and 859.31 pay for interest portion?
i check each month and i found the interest portion become bigger 

interest become bigger? now that's strange, I think could be due to the raising of BLR?

that's why you must make principal repayment whenever it is possible (e.g. bonus, income from other ventures etc). to reduce the interest amount. FYI, if you pay the installment without making any capital repayment, the total money been paid for interest is as much as the amount of your principal amount. 

OCBC is a nice bank! got good offer this month for my new loan. rimau bank sucks..lulz

rimau bank is which one?

OCBC is a nice bank! got good offer this month for my new loan. rimau bank sucks..lulz

Ada locked-in period mou?

Hi Guys..

I hear RNR loan is not allow capital repayment... that mean when you borrow. You are not able to reduce capital with capital repayment..
it is true?

Anyone taking RNR loan?

what is RNR? which bank is it?

I'm looking for loan for subsale property RM360k, as it's my 3rd property, I can only borrow 70%.
Applied for mbb, and the best rate they can provide is BLR-2.35 with 3 yrs lock in.
Anyone know which bank can provide better rate?

what is RNR? which bank is it?

I'm looking for loan for subsale property RM360k, as it's my 3rd property, I can only borrow 70%.
Applied for mbb, and the best rate they can provide is BLR-2.35 with 3 yrs lock in.
Anyone know which bank can provide better rate?

Same here...very very bad experience with OCBC. Given letter of approval, then wait until the 3+1 is  almost up, they can reject. Better stick with local banks like PBB.

yes, you are right about the principal and interest split.

if you make installment every month, the daily interest should get lesser.
but monthly interest could be higher if u have 31 days for the current month, but 30 days for the previous month.