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Investment RESIDENCY V @ OLD KLANG ROAD [OWNERS' THREAD], Brought to you by Kerjaya Prospek

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Kuchivava
post Jun 5 2014, 03:48 PM

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QUOTE(ks_loh11 @ Jun 5 2014, 12:34 AM)
Same, rm10, setup fee rm200, haven't decided yet
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why prefer Full Flexi rather than Semi Flexi?
cfa28
post Jun 5 2014, 03:53 PM

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QUOTE(JaMeShi @ Jun 4 2014, 10:38 PM)
Looking at the parking at Jalan Sepadu 5 at night, I would strongly advise against taking up an additional car parking lot.
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please elaborate more. Am thinking of getting an additional Car Park. u sure its safe to park outside the condo along Jln Sepadu 5 at night?
Kuchivava
post Jun 5 2014, 04:32 PM

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QUOTE(ks_loh11 @ Jun 5 2014, 04:00 PM)
semi-flexi charge RM50/per withdrawal... fully flexi doesn't... i think, correct me if I'm wrong
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Yes. I know the charges.. Just what reason go for Full Flexi instead of Semi.
cfa28
post Jun 5 2014, 04:44 PM

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QUOTE(Kuchivava @ Jun 5 2014, 04:32 PM)
Yes. I know the charges.. Just what reason go for Full Flexi instead of Semi.
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if u can treart full flexi loan like your savings account, u can then utlise to the max.

Salary in - deposit into Full Flexi Account together with Loan Installment Account at beginning of month

Withdraw weekly expenses via ATM and finish by end of Month

U can still save on interest when your money is not fully spent

This is the way to maximise benefits of Full Flexi Account
Kuchivava
post Jun 5 2014, 05:02 PM

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QUOTE(cfa28 @ Jun 5 2014, 04:44 PM)
if u can treart full flexi loan like your savings account, u can then utlise to the max.

Salary in - deposit into Full Flexi Account together with Loan Installment Account at beginning of month

Withdraw weekly expenses via ATM and finish by end of Month

U can still save on interest when your money is not fully spent

This is the way to maximise benefits of Full Flexi Account
*
Meaning that this feature can help save more than RM10 admin fee?
cfa28
post Jun 5 2014, 05:12 PM

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QUOTE(Kuchivava @ Jun 5 2014, 05:02 PM)
Meaning that this feature can help save more than RM10 admin fee?
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Assume if you deposit at beginning of month, your Salary, say RM5K and every week u take out RM1K as expenses

RM5K * 4.20% / 365 days * 7 days = RM4.02
RM4K * 4.20% / 365 days * 7 days = RM3.22
RM3K * 4.20% /365 days * 7 days = RM2.42
RM2K * 4.20% / 365 days * 7 days = RM1.61

Total interest savings = RM11.27 per month

With Full Flexi Loan, its better to put your excess funds here rather than in FD.

So, if u can park RM10K per year in the Full Flexi Loan:

Year 1 - RM10K * 4.20% = RM420
Year 2- RM20K * 4.20% = RM840
Year 3- RM30K * 4.20% = RM1,260

If u need the funds back for big purchase, just withdraw without any penalty, save for the lost interest savings

This post has been edited by cfa28: Jun 5 2014, 05:17 PM
graywilird
post Jun 5 2014, 05:27 PM

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QUOTE(cfa28 @ Jun 5 2014, 04:44 PM)
if u can treart full flexi loan like your savings account, u can then utlise to the max.

Salary in - deposit into Full Flexi Account together with Loan Installment Account at beginning of month

Withdraw weekly expenses via ATM and finish by end of Month

U can still save on interest when your money is not fully spent

This is the way to maximise benefits of Full Flexi Account
*
and maintaince fee 10 per month
only citibank no need rm 10 charge
cfa28
post Jun 5 2014, 06:12 PM

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QUOTE(ks_loh11 @ Jun 5 2014, 06:02 PM)
Thanks for the info, i was offered term loan and a top up full flexi loan. I think it's good to have full flexi option for long term and like you said, deposit it like saving account, since withdrawal doesn't cost. Semi-flexi charging RM50 per withdrawal and i think that's hurt  sad.gif
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but if u have no intention to withdraw, no need to use full flexi. Save on the Maintenance Charges.

Only use full flexi if u intend to use it like Savings Account as above or need to withdraw occasionally for lumpy items
JaMeShi
post Jun 6 2014, 10:55 AM

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QUOTE(ejlim88 @ Jun 4 2014, 10:53 PM)
Why do you advise against taking up additional car park? Is it because there is enough car parks outside?

Would appreciate your response. Thanks
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Oops. What I meant is actually should take extra parking.
JaMeShi
post Jun 6 2014, 10:57 AM

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QUOTE(cfa28 @ Jun 5 2014, 03:53 PM)
please elaborate more. Am thinking of getting an additional Car Park.  u sure its safe to park outside the condo along Jln Sepadu 5 at night?
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Sorry bro, wrote wrongly. What I meant is should take another parking.
Kuchivava
post Jun 6 2014, 12:34 PM

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QUOTE(Kuchivava @ Jun 5 2014, 05:02 PM)
Meaning that this feature can help save more than RM10 admin fee?
*
rclxms.gif thumbup.gif
Kuchivava
post Jun 6 2014, 12:35 PM

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QUOTE(cfa28 @ Jun 5 2014, 05:12 PM)
Assume if you deposit at beginning of month, your Salary, say RM5K and every week u take out RM1K as expenses

RM5K * 4.20% / 365 days * 7 days = RM4.02
RM4K * 4.20% / 365 days * 7 days = RM3.22
RM3K * 4.20% /365 days * 7 days = RM2.42
RM2K * 4.20% / 365 days * 7 days = RM1.61

Total interest savings = RM11.27 per month

With Full Flexi Loan, its better to put your excess funds here rather than in FD.

So, if u can park RM10K per year in the Full Flexi Loan:

Year 1 - RM10K * 4.20% = RM420
Year 2- RM20K * 4.20% = RM840
Year 3- RM30K * 4.20% = RM1,260

If u need the funds back for big purchase, just withdraw without any penalty, save for the lost interest savings
*
thumbup.gif


Opss.. replied to the wrong 1
jordan_kc87
post Jun 8 2014, 11:38 AM

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Hmmm,this property seems not so hot Ady.... So if I offer to transfer for some kopi money 1k only for the unit mid lower floor and already increased price also no 1 interested?
graywilird
post Jun 8 2014, 11:40 AM

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QUOTE(jordan_kc87 @ Jun 8 2014, 11:38 AM)
Hmmm,this property seems not so hot Ady.... So if I offer to transfer for some kopi money 1k only for the unit mid lower floor and already increased price also no 1 interested?
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haha.. if you holding midfield2 i'm sure you get your pocket money.. here.. i don think so..
graywilird
post Jun 8 2014, 11:40 AM

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QUOTE(jordan_kc87 @ Jun 8 2014, 11:38 AM)
Hmmm,this property seems not so hot Ady.... So if I offer to transfer for some kopi money 1k only for the unit mid lower floor and already increased price also no 1 interested?
*
haha.. if you holding midfield2 i'm sure you get your pocket money.. here.. i don think so..
graywilird
post Jun 8 2014, 11:41 AM

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QUOTE(jordan_kc87 @ Jun 8 2014, 11:38 AM)
Hmmm,this property seems not so hot Ady.... So if I offer to transfer for some kopi money 1k only for the unit mid lower floor and already increased price also no 1 interested?
*
drool.gif haha.. if you holding midfield2 i'm sure you get your pocket money.. here.. i don think so..
JaMeShi
post Jun 8 2014, 12:26 PM

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QUOTE(jordan_kc87 @ Jun 8 2014, 11:38 AM)
Hmmm,this property seems not so hot Ady.... So if I offer to transfer for some kopi money 1k only for the unit mid lower floor and already increased price also no 1 interested?
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Why would you think so?
jordan_kc87
post Jun 8 2014, 02:47 PM

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Hahaha,bro no need to repeat 3 times about midfields 2 la
graywilird
post Jun 8 2014, 03:18 PM

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QUOTE(jordan_kc87 @ Jun 8 2014, 02:47 PM)
Hahaha,bro no need to repeat 3 times about midfields 2 la
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SORRY blush.gif cacat pc~!
skcJVN
post Jun 8 2014, 09:31 PM

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QUOTE(graywilird @ Jun 8 2014, 03:18 PM)
SORRY  blush.gif cacat pc~!
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Hahaha , so desperate ?
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