Yes. the 50% is entitle for name #2.

For eg stamp duty total is 1000 will count divide to 2. each person 500, and name 2 entitle 50% discount 250 so total stamp duty is 750 instead of 1000

hi,

I think option 1 is the best, but... need to see what is the spread for the loan.. for long term spread is the most important...

Hello, I can't speak for about the loan account without reading the letter offer, but I can comment on the google search that you found: http://www.investordictionary.com/definiti...der-of-maturity

"When payments are received from borrowers that are larger than the authorized repayment schedules, the overpayment is credited to the final installments of the principal, which reduces the maturity of the loan and does not affect the original repayment schedule"

1. This simply means that any advance payments (or overpayment in this context) made will not be used to reduce your capital/loans-outstanding. The "overpayment" will be used instead to reduce the final installment of your loan, which is made upon the maturity of your loan.

2. So let's say your loan installment is RM700 a month, and the final installment is RM340, the "overpayment" would be used to reduce the RM340 to something lower.

3. As such, the "overpayment" does NOT affect affect the original repayment schedule; i.e Following the example above, if you are scheduled to pay off your loan in 360 months, by putting RM70,000 into the account, you are simply deducting 100 months from the total date of maturity (which is 360 months). This is the OPPPOSITE of a FLEXI loan facility, whereby if you were to put RM70,000 into the loan account, your loans-outstanding is reduced, thus you pay less total interest (because interest is calculated based on the loans-outstanding), and your repayment schedule is shortened (you pay less number of installments)

tl;dr: Based on the definition, the loan account has no FLEXI facility at all, even if you pay extra each month, you are just pissing your money away. Better put the money in unit trust or other investment accounts and pay your loan according to the schedule.