Do you mean to dump straight as down payment or to dump via flexi plan?

What I meant is I lower my margin of finance (but still keep some funds) and every month will pay more than the scheduled instalments or some times (irregularly) make larger payments.

Putting extra money into the flexi loan account will automatically reduce the tenure of payment coz the interest paid is less.

For example:

Loan 500k, tenure 35 years, 4.45% rate, monthly installment will be ~ RM 2350.

If you put in 500k into the flexi loan since day 1, every month RM 2350 will be deducted from your account for sure, but ultimately since there is no interest incurred, after ~ 18 years the 500k in the flexi account will be fully "deducted" and your loan is "settled".

That's mean even your loan tenure is 35 years, but in reality you only need to pay for about 18 years, due to no interest is charged to your loan account.

Exactly, for full flexi account, the bank will automatic deduct the installment from your loan account, as long as it is still excess amount in the account. No problem even you didn't pay the monthly installment.

Yes, if you are having a flexi loan, there's no point for you to put in any extra money as "downpayment", coz you can always put in the excess money to you loan account and interest will be reduced as well. On top of that, you still have the full flexibility to withdraw the excess money in case of emergency.

Why lock the money as "downpayment" as you can have choice to withdraw it anytime? You pay RM 10 per month for such facility, why not using it?

If I were you, I will dump via flexi plan for sure.. save interest while have the facility to withdraw, why not?

mail from eco majestic......



Greetings from EcoMajestic!

We have some exciting news for you. Foundation works are in progress in Tenderfields precinct. This marks the first phase in the journey that will end with the delivery of the home of your dreams.

We would also like to take this opportunity to let you know that the completion of the foundation works has triggered your next progressive payment of 10% which is due in April 2015. Therefore, please ensure that you have secured your loan. If you have any queries, do not hesitate to contact any of the EcoWorld Sales Admin Team at +603 33442552. You may also email your queries to salesadmin_central@ecoworld.my.

Once again, we would like to thank you for choosing a home in Tenderfields, EcoMajestic.
Warmest regards,

Ang Su Chen
Senior Manager of Sales Adminstration

This post has been edited by vege888: Mar 18 2015, 09:43 AM

Oppss.. billing soon...

By the way, why EM didn't reveal any planning on the park/green area within tenderfield/cradleton units? Because this presint is almost sold off so didn't need to plan anymore?

I am still waiting the chopper ride by EM for site aeriel view, how could SEH could provide it but EM don't..

Hehe... very soon. Upon receipt of their letter, the 10% has to be paid within 21 days (from the daye of the letter).

Samkor, both SEH / SPS and EM / EW teams are creative though they do share the same DNA. How I see it so far they try to do sth diff (from each others) in terms of marketing but so far both have done good jobs.

hehehe... As a purchaser, definately will hope the good marketing activity can be repeated as well mah.. How many developer can let the purchaser to ride on helicopter to view the site, definately a very outstanding marketing strategy that most likely will boost the sales mah...

Merrydale purchasers, don't miss the date with EM this Sunday


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The london talk in EM is already over right?


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ada free cakey....this week too!!!

btw...last week thx to the london talk....i almost invisible stand there lookin at the masterplan all by myself.... i pergi sana makan slice of cake i blah...

This post has been edited by shadowofevil: Mar 18 2015, 03:42 PM

Yes Sam Kor. London City Island ( LCI ) talks in EM was last Sunday, occupancy of seats almost quite full.

Next round is same LCI talks but in Eco Macalister Penang as per ur post.

Yup, good turnout rate. Only 200 units of the London City Island project reserved for Malaysia purchasers to grab - should be sapu habis in short while.

Aiyo how could they ignore such a good potential buyer

Lol... no problem, then go to Ecohill loh, just sebelah...

Just placed the booking fee! If wanna buy, pm me. I share referral fee with you!!

Lucky the cakey is a +1 ...
This sunday i already lesson learn, made appointment with the SA.... Ini kali lah!!!