Aug 10 2020, 10:58 AM
QUOTE(claudetan @ Aug 6 2020, 01:06 PM)
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 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.
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