Reduce House Loan: Knock Off 8.5 years from loan!, Anyone is doing this?
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 Jul 27 2017, 02:42 PM
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#1
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Junior Member
98 posts Joined: Jan 2017 
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Hello all Sifus,
So lets say if i took a loan of RM500k, with a bank interest rate of 4.45% And i put RM400K of my own monnies into the flexi accont, does that mean that the 4.45% interest will only be based on RM100k? |
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Aug 1 2017, 12:38 PM
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#2
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Junior Member
98 posts Joined: Jan 2017
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QUOTE(wild_card_my @ Aug 1 2017, 11:06 AM) Yes you are correct. But you would have to be careful with the flexi account. It is possible that the banks have limits on your flexi capital repayment. Please check in your LO and call your bank directly, because CIMB has made some changes which would not be reflected in your signed LO Thank you, sir.   I will be sure to do that. |
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