Hi , looking for advice for my 1st house loan and im so new to all these loan. CIMB gave me 4.3%. should i look for flexi loan which better for early settlement?
Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
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 Jul 25 2017, 12:21 PM
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Jul 25 2017, 12:33 PM
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#2
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QUOTE(lifebalance @ Jul 25 2017, 12:31 PM) There are 2 different loan packages thanks. should i take any other information into consideration while taking the offer? i saw someone comparing about BR+xx%Semi Flexi - Normally comes with withdrawal fee - No need to maintain current account - Will need to wait longer for your money to return back to your savings account - No monthly fees - Usually recommended for people who are not business owner Full Flexi - Normally doesn't come with withdrawal fees - Need to maintain current caccount - Don't need to wait for your money to go back to your current account to make withdrawal - Monthly fee to maintain your current account - Usually recommended for people who runs a business as money comes in from businesses, it will save interest on the daily rest. And the business owner can use that money again a few days or weeks later for his business. Either 1, as long as you do pay extra into your installment, will help you to settle ur loan faster. Just the different type of facility only.  |
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Dec 27 2018, 02:45 PM
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#3
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Hi, sorry im not sure if this is right place to ask.
I am on a semi-flexi conv laon of 500k and now bank has released 150k to the developer. so i would like to ask, 1) if i now transfer 100k from my saving to my loan account, does that mean i will only pay the interest of 50k moving forward ? 2) i can still withdraw the money from my loan account to my saving account right? need to call bank? 3) when can i start pay/deduct to the loan principal amount? need to wait the bank to release all 500k first? 4) will the 100k from no.1 automatically deduct to principal amount? or i need to instruct bank to do so? many thanks. |
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Dec 27 2018, 03:02 PM
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#4
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QUOTE(wild_card_my @ Dec 27 2018, 02:48 PM) 1. Yes. Provided that you bank allows you to do "capital pre-payment" on the property mine loan is with maybank, then in my maybank2u account i saw option for me to transfer money from saving to the loan account that assume i'm allow to 'capital pre-payment'? |
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