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 Loan: paying principal during progressive interest

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Capt. Marble
post Oct 22 2019, 05:37 PM

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QUOTE(weissPC @ Oct 22 2019, 04:57 PM)
Parking, would like to know too, because I remember last time, cannot pay principal before full disbursement of loan (i.e. during construction period).
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You cannot pay more than what is released from the bank to the developer.
In your case, in your first 4 years, you can only pay off whatever loan the bank has released in stages to the developer.

Eg : if the bank only released RM40k in the first 10 months to the developer, you cannot pay RM50k in the first ten months.



 

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