Feb 26 2016, 01:22 PM
QUOTE(charlz @ Feb 26 2016, 11:07 AM)
Hi guys,
Currently I'm having a CIMB Flexi loan of about 320k on a residential property. If I dump in 200k onto this flexi loan, may I know how it will affect my repayments? Will I still be paying the same monthly amount and the tenure be shorten or will my repayments be lessen and tenure remains the same? Also, the 200k which I dumped in can easily be withdrawn partially or fully whenever I please right? Thanks in advance!
I have CIMB Flexi loan and dump in money before. The loan tenure will not be shorten. Only the interest part will be reduced. If you dump in 100%, you will not see the interest part and just the repayment for the loan amount which is much less than the installment amount. You can withdraw any dump in amount by cheque.Currently I'm having a CIMB Flexi loan of about 320k on a residential property. If I dump in 200k onto this flexi loan, may I know how it will affect my repayments? Will I still be paying the same monthly amount and the tenure be shorten or will my repayments be lessen and tenure remains the same? Also, the 200k which I dumped in can easily be withdrawn partially or fully whenever I please right? Thanks in advance!
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