Dear sifus , may i know if u guys will go over the counter to offset principal (the amount of fire insurance) after auto debit of fire insurance ? Since i am having semi flexi , it will not deduct even if i have debit extra money into the loan account. Just want to know how u guys deal with this every year ?

Principal payment on semi flexi will reduced the interest which effects immediately. But do make sure you wrote the sentense "Make Principal Payment" on the slip

So the fire insurance amount will added into the principal amount ? Since ir is deducted from the loan acc

How about PBE online banking payment to the loan? same will reduce the interest immediately?

So I looked up my PBB semi flexi agreement, and found this. Can I say that this means I can topup whatever amount monthly into the loan account, without notice - and provided that there's no outstanding amount - that topup will go to offset the principal?

I also wonder if this means I can do it online via PB eBanking instead thru the counter.

But of course, I'll run it over with the branch later. Just want to know if my understanding is somewhat there, or way off

Please check and update here ya.

Meanwhile to do the principal repayment over the counter, can refer to my post below

https://forum.lowyat.net/index.php?showtopic=5222317&hl=

we cannot just transfer and pay the loan account lets say 5k and let the system auto calculate?

we must go to the branch to make principal payment?

i am curious because i started to pay full loan amount with public bank also.
thinking to just transfer more every month.

Ah wasn't aware of that thread. Thanks for highlighting it! Will try when the time comes and update later.

But based on your post, I guess it is still manual / over the counter. I assumed you asked them about the possibility of transferring to the loan account online - and they said no? I'd say it would be the same for me then - have to manually go and pay. Urgh.

Lastly - I guess one has to do this from the branch the loan was given out right?

No you can do it in any branch. My loan was signed with Jalan Ipoh branch, but i can do the principal repayment at sunway branch.

Awesome. That helps especially if we still have to do it manually.

For PB semi-flexi, i have been transferring to loan account number via online banking. No need to go to branch. One downside of their system is that it will pay off the mortgage repayment owed that month first (even if the due date is only end of the month). Anything extra will go into the redraw-able quantity. Then the interest gets calculated at the end of the month on daily rest (check your loan offer letter).

You can test the system by transferring a small quantity like rm50 after having paid your mortgage repayment amount that month.