what is the best rate do u think we can get nowadays? 4.45?

Hi sifus,

I have a maybank maxi loan account. I am paying via standing instruction which will deduct from my account every month.

I can also pay more by using the 'Online Bill Payment > Maybank Loan / Hire Purchase'.

I am paying slightly more than my installment amount every month but it will end up at the 'Payment In Advance' balance in my loan account. It does not reduce the principal amount. How do I pay so that it will reduce the principal amount of the loan instead of waiting to be deducted at the end of the month? Do I need to write in or it will just reduce the interest even if its in the payment in advance balance?




Thanks.