Full settlement of my loan question
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 Jul 10 2020, 11:33 AM
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Junior Member
332 posts Joined: Sep 2006 From: Somewhere on Earth  
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I spoke with one of my previous lawyer that was helping me as a house buyer. I told him about the RPGT exemption and they said its all talk only, no black and white by our gov yet. Even if you sell your house today lets say, you still kena the % RPGT.
I find that a little stupid la since PM8 already announce it effect starting June until year end 2021 got exemption, isnt that good enough for something the gov to draft out something simple? The lawyer said usually wiill take 2-3 months for the black and white to come out from the announcement made. Oh well, only way to know is to try out now  |
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Jul 10 2020, 03:56 PM
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Junior Member
372 posts Joined: Oct 2012
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QUOTE(barney @ Jul 8 2020, 08:19 PM) I have a house loan with RHB and ive been trying to call their customer support for MONTHS but no one answers the freaking call! All i want to ask what is the difference between these 2 terms. Basically, assumed there are 2 thingsPayoff amount and Loan outstanding Now this is what i see on my online account for example Payoff amount: RM500,000 Loan Outstanding: RM490,000 Now if i want sell my house or do a full settlement to clear the loan, the amount i need to pay RHB bank to settle full payment is the "Payoff amount" right? Base on the English understanding, i believe that should be correct right? Please correct me if i am wrong. Reason why i am asking this is because i plan to sell my house and i want to know what is the full payment i need to cover from the selling price i sold.  1 is settle your loan another is maybe to sell your property. Loan amount is the outstanding amount after minus off your pre-payment (or advance principal payment) Payoff amount is the amount u need to pay, which it's the outstanding loan + interest which calculated daily. (which you supposed to find slightly different figure daily even no payment done into this account), something like that. So this supposed is the amount you need to pay with confirmed date. Basically each bank has slight different way on calculatiing the interest calculation cut-off-day and flow, or different way on monthly principal installment amount, for flexi loan. This post has been edited by kinnasai: Jul 10 2020, 03:58 PM |
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