Anyone of you are taking the MBB MaxiHome Flexi loan? Do you receive any notice from MBB saying that they have reviewed the repayment schedule from fixed monthly repayment amount to reducing repayment?

My agent told me that I will paying a monthly fixed principal amount and my monthly instalment will increase another RM500 But it will gradually reduce over the years after the principal amount reduced.

But the advantage is it will reduce the total interest paid at the end of the tenure.

Can banks change the plan for what we have signed with them previously just like that?

Thanks for the advice. I am still waiting for their official letter for this, but RM500 additional per month is ridiculous

not MLTA, but sound more like MRTA - reducing monthly repayment

Do you hear anything about MBB changing their full flexi (MaxiHome) repayment schedule to be (a+b=c), where:
a. Monthly loan principal repayment - fixed amount
b. Monthly interest servicing amount - yearly reducing amount
c. Total monthly repayment amount - yearly reducing amount

The 1st year repayment is the highest and it will reduce over the years to a minimal amount at the last year of the loan tenure.