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 Semi Flexi Home Loan, Advance Payment

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benson92
post Apr 26 2017, 09:01 AM

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QUOTE(Win Win Inspiration @ Apr 26 2017, 08:55 AM)
UP this.
I am having similar question as Question (1), the bill payment of Advance Payment via internet banking will reduce the Principal Amount directly, and it will not be counted as the payment for next installment right? Since I already have a Standing Instruction for the monthly installment.

Thank you in advance for the advice.
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from what i know from banker, if ur loan amount got any extra payment u put in earlier, the SI will only deduct from there instead of ur dedicated saving account, i feel this is quite weird as i need to keep pumping money into loan account in order to save the interest?

 

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