Apr 11 2022, 02:20 PM
QUOTE(hayview @ Sep 18 2018, 10:01 PM)
Hi GUYS
thank for helping.
I ask this question again in RHB facebook,
and one banker contacted me. The statement from banker is tallied with my house agent descriptions.
For full flexi house loan, I should use "principle prepayment" to pay the installment.
short summary - "principle prepayment" can be used as "regular installment", and
if I pay to "principle prepayment" before the due date, I can enjoy the interest reduction.
once the due date is meet, the installment amount will be deducted from "principle prepayment" and used as "regular installment"
thank all.
Hi, I am in the similar situation- Islamic FullFlexy house Loan with RHB. My first payment due this May 5. Previously they have asked me to open RHB savings for the purpose of Loan disbursement. And I believe they will auto deduct my monthly payment from this accounts. I have some cash now and would like to use it to take advantage of interest (reduction?). My question is do I just transfer the cash into the savings account and that is it? or do I need to inform the bank of my intention to use it as principle prepayment? I am afraid if I bank in the cash (lets say 50K), the bank might think i would like to pay 50k for the next monthly payment. Thanks in advance guys.thank for helping.
I ask this question again in RHB facebook,
and one banker contacted me. The statement from banker is tallied with my house agent descriptions.
For full flexi house loan, I should use "principle prepayment" to pay the installment.
short summary - "principle prepayment" can be used as "regular installment", and
if I pay to "principle prepayment" before the due date, I can enjoy the interest reduction.
once the due date is meet, the installment amount will be deducted from "principle prepayment" and used as "regular installment"
thank all.
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