Jun 3 2021, 12:08 PM
QUOTE(Ximiq @ Jun 2 2021, 07:59 PM)
Hi guys
I just came across this, a project called ERS saving introduced by a company name macaroonsplt
Basically this company helps you reducing the house loan interest by adjusting which day in a month to pay the house loan
???
and it can somehow save about 15% of total loan interest without paying extra loan monthly ( and hence cut my house loan interest cost from 360k to 290k and reduce tenure by 65 months )
they charge for em3.6k one time off
it sounds legit to me
has anyone came across this and would the to share the user experience?
thank you
All they're really doing is providing a course on how to pay early and how interest is calculated at RM3.6k cost of education, feeding you information that is usually already provided in the T&Cs of your loan agreement, just that they translate in layman's terms for you. Which is already explained in this PropertyGuru article, for free: https://www.propertyguru.com.my/property-gu...-malaysia-18659I just came across this, a project called ERS saving introduced by a company name macaroonsplt
Basically this company helps you reducing the house loan interest by adjusting which day in a month to pay the house loan
???and it can somehow save about 15% of total loan interest without paying extra loan monthly ( and hence cut my house loan interest cost from 360k to 290k and reduce tenure by 65 months )
they charge for em3.6k one time off
it sounds legit to me
has anyone came across this and would the to share the user experience?
thank you
In other words, they're selling you Tahi Lembu and taking RM3.6k commission per fool who happily eats their tahi without actually reading the fine print of how home loans work (as above mentioned, usually home loans calculate on daily rate). Their only credentials is awards from used to be part of banking industry and good sales. The "ERS" plan they develop is simply an education course of how to manage your loan wisely, not a true savings plan.
My advice? Read the above article, then read your loan offer for procedure on extra payment (if semi-flexi loan) and take that RM3.6k "one off payment" to pay into your housing loan, and continue to pay your instalment on time. If you're enjoying a flexi home loan, park your extra money in the attached current account.
This post has been edited by DragonReine: Jun 3 2021, 12:10 PM
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