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Semi Flexi loan VS FUll Flexi loan, Housing...Can change ?
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temp2escape
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 Sep 30 2015, 06:00 PM
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Getting Started
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sorry for bumping into old topic.
i have a flexi account with Alliance. Given a cheque book.
when i login to alliance online, i saw two accounts.
one is current account. one is the home loan account.
the current account is tied to the home loan account.
every month, if no money is deposited into home loan account, it will be auto deducted from the current account.
my question is, which account should i dump my extra money in order to reduce interest?
thanks.
This post has been edited by temp2escape: Sep 30 2015, 06:10 PM
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temp2escape
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Oct 1 2015, 04:59 PM
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Getting Started
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QUOTE(peri peri @ Oct 1 2015, 04:46 PM) No No No. holding a cheque book normally is Full Flexi type. For full flexi, u only need to deposit your extra into the current acc, then bank will auto offset the daily interest in loan acc For Semi Flexi type, even if u pump more into the loan acc, it wont offset. U have to call the CS, to transfer the extra from SAVING into the LOAN for offset. The withdrawal for future will be a bit leceh and got charges. Full flexi got rm 10 arrest fee per month but got free use of debit card and cheque book, semi flexi no charges only the debit card annually Thanks Peri! Now I know why I was given cheque book and ATM card. |
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