QUOTE(bearbearwong @ Jan 16 2014, 12:07 AM)
If I m not wrong .. islamic ahh.. property rm 430k DSL.. islamic estimate how to to earn on top of 430k.. say like for 30 years.. islamic expect to earn rm400k.. on top if 430 k. So total 830k.. islamic buy that prop.. and u service the loan 830k.. u cant reduce the principal sum.. conventional.. wise.. servicing loan monthly 430k around 1.8k..per month if interest fluctate pay more mb 2k.. but is got extra money.. can pay more.. to principal sum say 400k .. so you can save more if got money.. islamic cant.. I think only true I limited knowledge but itchy fingers.. type..
Not so correct, u still can save the Interest under Islamic flexi loan. Just keep the extra money in current a/c ( link to loan a/c). The daily interest will be calculated based on net loan amt.Only thing is islamic loan maybe got some extra charges once u discharge the title from bank. They got another set calculation.
Anyway, diff banker got diff method, better confirm with the banker and ensure u r understand the loan agreement before signing.
Jan 16 2014, 12:29 AM

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