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 Maybank semi flexi housing loan, Advance Payment reduce Interest?

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tesoon
post Mar 24 2023, 03:30 PM

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QUOTE(MillkTea93 @ Mar 24 2023, 02:59 PM)
Does semi flexi maybank have cap? Like maximum 70% of you loan amount to reduce interest
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No , u can pump in any amount the interest rate is daily ya, so depends on which day u pump in and which day will take out.

Lets say ur loan amount is 100k and interest is 3% , if the month got 30 days, ur that month interest will be 100,000 * 0.03 /365*30 = 246.57

If u pump in 5k at 5th day of the month , calculation will be
100,000*0.03/365*5 plus 95,000*0.03/365*25



Just that each time take out excess money will charge u 25 ringgit
tesoon
post Mar 24 2023, 04:32 PM

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QUOTE(StupidGuyPlayComp @ Mar 24 2023, 04:10 PM)
what his mean the 70% cap is the lowest chargeable balance amount. Example loan balance 1m, even you pump in 900k, it still charge you interest based on 300k, becasue 70% of 1m is 300k

As for the Maybank full flexi, then i confirm no 70% cap
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This i not sure, i remember got lock in period 5 years , dont have so many money to test this out

 

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