Dec 5 2015, 06:08 PM
QUOTE(lonely143 @ Jul 28 2015, 07:31 PM)
My banker from Maybank have offer me semi flex housing loan.
Explanation
For example, housing loan is RM250,000
So, if you dump RM100,000 into the loan. (need written letter)
Therefore the loan interest is calculated base on RM150,000 (Principal) + Interest
She said I can withdrawn the money with T & C
1. Minimum withdrawal will be RM 1,000
2. Each withdrawal service charges - RM20
It should be better rather you put in the FD because
my loan interest 4.45% vs FD 3.15%
I'm just sharing this info, correct me if I am wrong.
How effective bi-weekly payment on maybank will reduce the Interest rate? Compare to I pay monthly basis as well as capital dump to offset principal? Any master can advise?Explanation
For example, housing loan is RM250,000
So, if you dump RM100,000 into the loan. (need written letter)
Therefore the loan interest is calculated base on RM150,000 (Principal) + Interest
She said I can withdrawn the money with T & C
1. Minimum withdrawal will be RM 1,000
2. Each withdrawal service charges - RM20
It should be better rather you put in the FD because
my loan interest 4.45% vs FD 3.15%
I'm just sharing this info, correct me if I am wrong.
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