Sep 25 2013, 09:48 AM
QUOTE(kyle_kl @ Aug 20 2013, 11:41 PM)
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?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
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.
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