Apr 1 2020, 05:21 AM
QUOTE(!@#$%^ @ Mar 24 2020, 11:23 PM)
https://www.thestar.com.my/business/busines...-for-six-months
what is the best strategy? continue to pay to reduce principle or just stop paying for 6 months?
what is the best strategy? continue to pay to reduce principle or just stop paying for 6 months?
QUOTE(lifebalance @ Mar 25 2020, 12:49 PM)
That's because you start serving the loan even during construction period so it's advisable to take 35+4.
Another option is to purchase MLTA.
Interest will still be accrued, so makes no difference other than stalling your installment for 6 months.
hi, just to clarify for this 6 mths moratorium the interest still running but not compounded, right?Another option is to purchase MLTA.
Interest will still be accrued, so makes no difference other than stalling your installment for 6 months.
eg:
current outstanding loan rm100k with monthly interest rm500, so whoever who opt for it by 7th month the total outstanding will be :-
rm103k [rm100k + interest (6 x rm500)], right?
This post has been edited by quintesson: Apr 1 2020, 05:25 AM
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