so i asked a question this afternoon



when does the lock in period starts?

a. after the first drawdown

b. after full disbursement

assuming that the lock in period is after the full disbursement, the 5% penalty will be based on which sum?

a. the total loan sum?

or

b. the remaining balance of the loan?

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)

is 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 ?