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 My dad buying first prop, affordable house

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monara
post Apr 25 2017, 09:26 PM

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Ts, tumpang tanya in this thread, regarding loan for under construction prop.
Before full release, we do only need to pay interest monthly right.. Do that payment will deduct principle or not?
monara
post Apr 25 2017, 11:02 PM

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QUOTE(Hunakadoo @ Apr 25 2017, 10:43 PM)
yes , pay bank interest only .

no , it's purely interest . not principle money involved . only after VP (vacant possesion) only u pay ur principle money
*
Noted, thanks mate..
If that's the case, means the earlier the VP, the better will be, no need to keep paying interest

 

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