How its can be same?

Ocbc if u make payment extra, lets say rm 1.5k instead original monthly payment rm 1200.the extra rm 300 will treated as a advance payment. Yes, its will save the interest since the loan calculated on daily basis. But its never minus the principal. Its only reduced the interest for the next payment.

For cimb full flexi, the same scnerio, the rm 300 extra payment will directly minus the principal amount . So, the interest will calculated on the update principal amount. Thus the interest will saving more.

The fully flexi is never same with semi flexi loan (which is actually term loan but with prepayment and withdraw facilities).

If my understanding wrong, pls let me know.

Ya.ya..my fren also apply from alliance bank..u know what?..the sales person (banker) not even know how long tenure he can get for the loan and know almost nothing about the product..and the worst scenario, after more than week he apply the loan the banker call him and ask him to re sign the form because previously the form that he sign is wrong form!!!

If u call their call center like you call the pasar borong punya orang.. No even respect the customer and not have proper knowledge about product...

U can call yourself to experience it. I rather go to others bank with different interest 0.1 to 0.2 but with deal with competant person. We speak for long term relationship i.e 30 to 40 years. Better we served by competant person for pjece of mind..

The product from alliance bank is good actually.but for HL product..all aspect need to look, not only the interest.

For semi flexi .yes.but you re still responsible to make monthly payment. The capital repayment only for minus principal but still have to serve monthly payment as usual.

For fully flexi, u bank in the whatever amount and its will automatically minus principal for interest calculation..and upon maturity end of month the account will automatic deduct for serve monthly payment.

This post has been edited by Dohc: Jan 18 2013, 06:01 AM