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Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
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kamechi
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 Sep 16 2018, 12:37 AM
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Getting Started
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Hi, got a question. My loan account is semi flexi and 4.5%. The developer already ask a portion of my loan from bank which is 60k and now I'm am serving interest every month. I would like to ask, if I now dump 50k into my loan account then my interest will then count based on 10k? Can I still take out the 50k if I need it? If so my interest will count based on 60k back right? In a way I'm earning 4.5% interest from my 50k?
Thanks
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kamechi
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Sep 16 2018, 01:23 PM
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Getting Started
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QUOTE(kevyeoh @ Sep 16 2018, 12:07 PM) i think you need to provide more info such as which bank? different bank got different rules/regulation... just to be sure the reply here to your answer is as accurate as possible...  Hi, it's Maybank semi flexi conventional type |
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kamechi
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Sep 17 2018, 08:02 PM
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Getting Started
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QUOTE(lifebalance @ Sep 17 2018, 10:58 AM) Yes you can make prepayment towards your principal amount. I wouldn't say you earn back 4.5%, you're literally owing this 4.5% but you're off-setting your interest payable. Thanks but is this already paid to my principle? Since I can still take out my 50k if I want. Then when will the bank take the 50k? |
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