New buyer here.

As i know, progressive interest that need to pay during construction time doesn't deduct the loan amount that we borrow from the bank.

Therefore can we straight away request bank to charge by full amount as principal+interest?
Spoken with banker, she said cannot so just want to double confirm if any other banks got such offer.

Any Sifu can advise/ share?

No.

How to calculate installment when loan is not complete disbursed ... every few months will be different when loan is disbursed in stages.

Cant do so due to ur loan still under progressive disbursement. Bank wont take risk disbursement full loan to developer whereby developer still haven't complete the project. What if developer abandon the project and the bank full disburse to the loan.

You misunderstood ts ... what ts asking ..


To start monthly installment from first loan disbursement.

Oh ic, some bank allow to do so , ts can call to ur homebank and ask for that.

instalment as usual even it is progressive disbursement

thank you all. let me check with my banker

no need to request bank charge full amount, you just need to pay the amount you want, let said your monthly install as per loan agreement is 5k, now before VP, you pay 2k interest every month, instead of paying 2k, you can pay 5k which the remaining 3k will go to principle.

Sure ok ?

well banker said if pay more example - 3k will only park there and reduce the principal interest rate not offset the principal for semi flexi loan. if want to fully deduct as per full installment, need to sign another doc.

been doing this all the while ....

what the different between park there and reduce the principle interest rate and offset the principle?

as long as you pay more on the principle, you pay less interest and you serve the loan faster.

furthermore the extra money you park there you can withdraw anytime, better than put FD now.

Unless there extra benefit with the "fully offset installment", if not i dont see the different there.

If don't allow full settlement (due to lock-in period), u can pay up until RM0.01 left and leave it there until the lock-in period expired

you have to sign document and inform bank that you are paying the principal, otherwise bank will just treat your payment as "hanging" and only offset interest and principal monthly. the excess portion will become cash flow of bank

yes, it will not offset the pricipal, but the interest will decrease based on the amount you put into the loan account.

The point is, as you know, the interest is actually almost or even higher amount than you principal. So, the more money inside the loan account, the less money you need to pay at the end.

I think different bank got different lock in amount from 30%-50% i guess. haha

It only can be done when progress reach certain stage and the developer background was strong.

PBB allowed me to pay full amount instead of progressive interest but i choose not to

Any pro & cons if we still pay full monthly instead of progressive payment?

pro- save on interest & shorter tenure. small number make big difference
cons - u need to pay more