Hi,

I have a question.
I'm taking a flexi home loan soon in the amount of 240k for 10 years.

I'm thinking of withdrawing 60k from my epf.

But I don't know how flexi really works.

Would it be better to take a loan of 240k and add 60k later, hoping that that would lower the interest rate and monthly repayment

OR

Take a 180k loan?


Any advice, please?

if you cash anytime...flexi......the extra in the account can be withdrawn out..
In addition..if you have extra on top of installment..u can dump in...it will reduce the interest calculated...but this depends on the product of the bank...
mine will deduct interest on extra i put into my account from month installment...

for eg.... loan 200k
i have 100k in my account...

so only 100k being calculate for interest....

This post has been edited by sunami: Oct 1 2021, 09:41 AM