Hi all,

I just a letter offer from CIMB bank for my loan. I saw a clause stated processing fees of RM 200 will be charged to facility account ( in this case I assume the loan account on 1st disbursement) and also EPF letter for withdrawal of RM 20 will also be charged to loan account. As this is a landed property, fire insurance will be automatically charged to my loan account every year.

Does this mean I will have to pay interest as well for the fees and fire insurance if it is charged? Any method to pay this upfront myself? I ask the banker and he mentioned I can just the extra money into my installments so it will be offset automatically. Is this true?

Thanks for the advise in advance!