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 Semi Flexi loan VS FUll Flexi loan, Housing...Can change ?

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gacktleong
post Jun 19 2014, 12:29 PM

GLLLL
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755 posts

Joined: Jun 2008
QUOTE(Irresistible @ Jun 19 2014, 08:19 AM)
Make sense notworthy.gif  notworthy.gif

I found that my so called friend, Bank Sales Manager illy advise me.... She said semi-flexi is the best for working employee like me icon_question.gif
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i also having the same dilemma here. getting my 1st house loan, but stucked between semi or flex.

some told me semi flex is better for working employee. some tell me full flexi is better.

however for full flexi, lets say every month installment rm2500 per month for 30 yrs. Then i kena lottery 200k and i wish to use the 200k to pay my principal. Does it means i am still paying rm2500 per month but my loan period is reduce? or i pay lesser every month, but still tied to 30 years loan?

Please advise icon_question.gif
gacktleong
post Jun 19 2014, 02:32 PM

GLLLL
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Senior Member
755 posts

Joined: Jun 2008
QUOTE(onnying88 @ Jun 19 2014, 02:12 PM)
Installment amount will be same throughout the whole period regardless how many u put in the current account.

Your 200k is just use to offset the interest, not use to pay principle yet. So you still own the bank same amount of money by right even u put extra in current account.
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means there is no way to settle the loan earlier?

 

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