PPA1M General Discussion Thread, for civil servants to share n discuss.
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 Dec 16 2017, 12:03 PM
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#1
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Junior Member
49 posts Joined: Feb 2016  
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Hi. Just wondering, what will happen if the owner of ppa1m decided to leave government in the future? In 2 scenarios: if using gov loan or private bank loan.
Thanks in advance. |
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Dec 16 2017, 01:01 PM
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#2
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Junior Member
49 posts Joined: Feb 2016
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QUOTE(alexanderclz @ Dec 16 2017, 12:22 PM) if leave gov the unit is still urs. gov loan then either u refinance to bank or pay gov at 7% if im not mistaken. Ic...which one do u think is the better option? Use gov loan for 5-10 years then refinance before leaving gov sector? Or use private bank loan right from the beginning? I understand that for gov loan, there's no need to pay progressive interest. |
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Dec 16 2017, 02:25 PM
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#3
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Junior Member
49 posts Joined: Feb 2016
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QUOTE(trust4you @ Dec 16 2017, 01:53 PM) obviously gov loan better Yes gov loan is definitely better. But if one wants to resign from gov in 5-10 years later, would refinance with pvt bank is a good choice? How abt the monthly payment n interest rate? Sorry for the noob question on refinance coz i have no experience |
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