By increasing monthly repayment amount, the extra should be used to offset the principal. With the reduced principal, the next interest cycle will be lowered. The cycle will repeat itself.
Maybank Semi-Flexi
Maybank Semi-Flexi
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Nov 14 2014, 07:24 AM
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52,874 posts Joined: Jan 2003 |
By increasing monthly repayment amount, the extra should be used to offset the principal. With the reduced principal, the next interest cycle will be lowered. The cycle will repeat itself.
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