I also have OCBC housing loan. Every month i will pay extra RM200-300. But now i noticed that the extra I made all go to advance payment. I confirmed with OCBC cust service saying my instalment has been advanced till next year. meaning if I dont pay now till next tear also ok.

I thought whatever extra will go direct minus the outstanding principal??

Anyone can help?

OC had such reno loan since long time ago.

The approval of reno loan was based on their customer grading in 5 lvls.

Lvl 1 : up to 30% of S&P price
Lvl 2 : up to 20%
Lvl 3 : up to 10%
Lvl 4 & 5 : not eligible

Lvl 1 is not easy and very hard. Heard only assigned to self employed only.

My CCRIS was quite clean and facilities all '0' arrears. Only Lvl 3. But the rate is equivalent to P. Loan so, not taking it.