Jun 1 2019, 09:24 AM
QUOTE(Leo the Lion @ Jan 24 2019, 03:00 PM)
Just today my house loan appeared in my Maybank2u account.
Outstanding Balance - 300k++ (from 500k++ since this is the amount released by the developer based on their current progress)
Outstanding GPP - RM0.00
Payment Due Date - N/A
Monthly Instalment - RM2100++
Instalment Due - RM0.00
Payment in Advance - RM0.00
The apartment should complete early Q4 2019
But when I calculate, I should be paying less than RM1.5k but why RM2100+?
Is it that I should wait longer so it'll update to RM1.5k?
Need some enlightenment here.
Couldn't understand how this progressive interest works
So, in short, just pay the Outstanding GPP?Outstanding Balance - 300k++ (from 500k++ since this is the amount released by the developer based on their current progress)
Outstanding GPP - RM0.00
Payment Due Date - N/A
Monthly Instalment - RM2100++
Instalment Due - RM0.00
Payment in Advance - RM0.00
The apartment should complete early Q4 2019
But when I calculate, I should be paying less than RM1.5k but why RM2100+?
Is it that I should wait longer so it'll update to RM1.5k?
Need some enlightenment here.
Couldn't understand how this progressive interest works
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