Just to check, I'm having a UOB Semi-Flexi loan and currently I'm doing monthly payment to the bank. Interest is basically calculated on daily-rest. I read in a forum saying that if we do weekly payment, we could finish up our payment 6 years earlier (if we take 35 years loan). Is that true? What if we do daily payment, can we save more on the interest? Do anyone has the excel sheet to share so that I can calculate how much of interest saving can be made for this?
Paying House Loan on Daily Basis (Financial)