Hi, I am also wondering. Bought my property a year ago, installment is around 1500 per month. Earlier this year I have extra cash and made 30k into the principal via walk-in bank. But my monthly installment is still 1500 and has not decreased. Just wondering how it works.

Thanks for the response. appreciate it.

Let's say the property is 300k, and after the lock period which is usually 4 years, and I have the extra amount of cash in hand, can I pay it off and clear the load/installment by that?