QUOTE(lsang @ Jan 16 2012, 03:12 PM)
Hello, sorry to piggyback on this thread. I didn't find any post related to the question and did not want to open a new thread.
Question - Should i withdraw my AccountII EPF to reduce my remaining loan balance or just leave it dormant in EPF?
Considering, housing loan interest is calculated on daily basis i'm assuming even with a BLR -1.9, the interest would be still higher compared to EPF return since EPF is culculated on annual basis?
Appreciate any replies ya. Thanks!
No, not advisable, coz u will automatically or indirectly affect ur tenure of repayment with extra repayments still.Question - Should i withdraw my AccountII EPF to reduce my remaining loan balance or just leave it dormant in EPF?
Considering, housing loan interest is calculated on daily basis i'm assuming even with a BLR -1.9, the interest would be still higher compared to EPF return since EPF is culculated on annual basis?
Appreciate any replies ya. Thanks!