Lock In Period, 30 + 30 yrs loan 2 generations
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 Dec 23 2015, 08:57 AM
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#1
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Senior Member
2,714 posts Joined: May 2008  
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QUOTE(lucifah @ Dec 23 2015, 08:32 AM) assuming that the lock in period is after the full disbursement, the 5% penalty will be based on which sum? b the remaining balance of the loan based on the settlement schedule provided by the banka. the total loan sum? or b. the remaining balance of the loan?  |
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Dec 23 2015, 09:13 AM
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#2
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Senior Member
2,714 posts Joined: May 2008
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QUOTE(lucifah @ Dec 23 2015, 09:04 AM) so let's assume again that the final amount not yet disbursed is 5% of rm 5,000 (from an initial rm 100,000 loan) Actually is both... based on the context in your first post. But your first calculation is wrongis it safe to assume that the penalty will be at 5% x Rm 5,000 = RM 250 or let's assume the loan balance is rm 30,000 as of on the day of settelment, the penalty shall be 5% x RM 30,000 = RM 1,500 ? If the FL is not fully disbursed, remain 5%, 95% already disbursed, the penalty will be 5% xRM95000 If the FL is already disbursed, and according to the loan scheduled payment (advance payment is not considered), the remaining balance is 30k, then your second calculation is correct. |
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