i have a semi flexi loan, which i made advance payment (example, loan amount 1k, i pay 1.5k) consistently throughout the year.

When i look at the statement, it seems the 'balance' is not affected by the extra payment i made? are these extra payments calculated separately rather than offset balance? i want to reduce the interest billed, but seems not affected by my extra payments at all?

Age: 20
still studying
Month income from PAMA Scholarship: 1500

Rent:600
Food and everything:500
Church Tithes: 100

Saving 300 per month
FSM 4000
Bank 300

My financial good?

Check back your terms & conditions in your loan offer letter.

Semi-flexi (most, if not all) have separated Current Account and Loan Account - and requires you to have standing instructions to "pay" the extra into loan account to offset the interest.

And, some banks will even have "minimum EXTRA repayment" which only will be taken into consideration to reduce the principal amount.

An example of the clause:

Papa Mama Scholarship
at least i no simply waste and spend on unwanted things//

Love Classifieds, CHECK FIRST POST (Serious)
https://forum.lowyat.net/topic/932613/+1860

finding chick using PAMA scolarship...

No people find me also..
School holiday for 3 months..
wannna make friends

stalker!

how he found that? haha.. Search for my name?


I also forgot myself that i posted..

LDR very expensive..find ur collegemate..bro.

especially phone bill and transportation(air ticket).



Dating no need money if you know how to find a suitable gal for urself.

i am taken actually.. thx
LDR is not good, i know..

BUt dating in university is worst.. i see my friends..
break up, but meet in school all the times.. act like strangers..

I working adult food only average ~RM300/month (breakfast + lunch dinner)

how?
300 a month means average of 10 a day?


Breakfast if sendiri bikin maybe RM3
then lunch 5, dinner 5
if everyday eat cheap meals only

weekdays:
Breakfast = RM0: own cornflakes + free milo at office (ok maybe not RM0, cause corn flakes also cost abit but can last 1 to 2 weeks+++)
Lunch = RM5~6.50 usual chinese kopitiam stall foods (soup mee la, mix rice la, chicken rice la, etc...)
Dinner = Same

Weekends saturday usually eat home, sunday eat out (same combination as weekdays, but sometimes sunday eat at more exp restaurant @ RM16/meal)

Ok la i admit i cheapskate

sifu.. no buy fruits?
snacks?

corn flakes + Milo™

I prefer susu sejuk

Fruits included in lunch (if I buy), sometimes company gives free fruit also

snacks not so much lo, unless u count in chewing gum also. but 1 botol can last at least 1 week ++++, the sum is negligible

corn flakes + milk too plain for me

plus milo it's like coco-flakes

This post has been edited by polarzbearz: Jan 24 2015, 01:18 PM

where are u at? so cheap

outside office nia, PJ/damansara area
tapao back to office makan.

the cost i provided is averaged per working days cost la,

sometimes i eat more on X day, eat back normal price at Y day, then eat at cheaper price at Z day (usually dinner has this flexibility).

This post has been edited by polarzbearz: Jan 24 2015, 01:23 PM

if u girl, good for gf.. save money