[wta] loan linked to current a/c

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[wta] loan linked to current a/c, that can save alot but wats the catch?

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TScherasbabe	May 25 2007, 01:02 AM, updated 19y ago Return to original view \| Post #1
Casual Junior Member 491 posts Joined: Feb 2005 From: Cheras LRT
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TScherasbabe	May 25 2007, 11:54 PM Return to original view \| Post #2
Casual Junior Member 491 posts Joined: Feb 2005 From: Cheras LRT	When to Mapex today, here's how: Loan amount = RM30,000 Monthly payment = 500 Keep 30,000 at linked current a/c. Total Payment = 32,861.69 » Click to show Spoiler - click again to hide... « CODE Year Rate Outstanding Interest Payment 1 5.75 $30,000.00 $1,150.00 $6,000.00 2 5.75 $25,150.00 $ 871.13 $6,000.00 3 5.75 $20,021.13 $ 576.21 $6,000.00 4 5.75 $14,597.34 $ 264.35 $6,000.00 5 5.75 $ 8,861.69 $ 0.00 $6,000.00 6 5.75 $ 2,861.69 $ 0.00 $2,861.69 Loan amount = RM30,000 Monthly payment = 500 Keep 30,000 at FD@4%, earn compound interest 7,960 Total Payment = 36,367.65 - 7,960 = 28,407.65 » Click to show Spoiler - click again to hide... « CODE Year Rate Outstanding Interest Payment 1 5.75 $30,000.00 $1,725.00 $6,000.00 2 5.75 $25,725.00 $1,479.19 $6,000.00 3 5.75 $21,204.19 $1,219.24 $6,000.00 4 5.75 $16,423.43 $ 944.35 $6,000.00 5 5.75 $11,367.78 $ 653.65 $6,000.00 6 5.75 $ 6,021.42 $ 346.23 $6,000.00 7 5.75 $ 367.65 $ 21.14 $ 367.65 Is my compound interest correct ah?
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TScherasbabe	Jun 1 2007, 04:47 PM Return to original view \| Post #3
Casual Junior Member 491 posts Joined: Feb 2005 From: Cheras LRT	QUOTE(scorgio @ May 29 2007, 02:12 AM) Added on May 29, 2007, 2:14 amHong Leong also has a similar plan called Mortgage Plus. The catch - RM10 maintenance fee every month. But u get complimentary Gold CC throughout ur loan tenure. Standard Chartered & UOB also charging RM10/mth. Any bank waived that ?
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TScherasbabe	Jun 18 2007, 12:14 AM Return to original view \| Post #4
Casual Junior Member 491 posts Joined: Feb 2005 From: Cheras LRT	CIMB -> RM200 a/c opening, RM10 monthly
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TScherasbabe	Aug 1 2007, 04:48 PM Return to original view \| Post #5
Casual Junior Member 491 posts Joined: Feb 2005 From: Cheras LRT	Mod, why top 2 post is blank?
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