You need to know what type of loan u taking..
full-flexi, semi-flexi or conventional.
each have different type of payment term.
Loan: paying principal during progressive interest
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 Oct 22 2019, 04:44 PM
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Oct 22 2019, 05:26 PM
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Full- flexi is a type of loan where the interest in calculated on dayly basis.
U still have a fix amount installment to pay every month. On top of that you can pay to your loan principal if you have extra cash. The amount of cash you put into principal can be withdrawn with some charges. Minimal withdrawn amount is RM5k for Public Bank. If I am not mistaken... This post has been edited by zetra06: Oct 22 2019, 05:27 PM |
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Oct 22 2019, 05:28 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). Public Bank dont allow. but certain bank allow. |
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