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 3.15 fixed term or 3% flexi?, Which loan is better?

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baby_4ever
post Nov 10 2021, 06:34 PM

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Flexi
baby_4ever
post Nov 10 2021, 06:53 PM

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QUOTE(deleted @ Nov 10 2021, 06:51 PM)
Why ah?

You don't expect market to rebound in the coming years pushing up interest?
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No such thing as fixed. They will take more from you. OPR move interest repayment will move.

Flexi means you pump more cash and settle it earlier and let interest float / readjust accordingly.
baby_4ever
post Nov 10 2021, 07:06 PM

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QUOTE(deleted @ Nov 10 2021, 06:58 PM)
It's not common but term loans do exist no?

And under term loans repayment is the same for the entire period?
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Where you get idea repayment fixed? If OPR sky rocket, all loan repayment go up. Your loan is not a hedge against inflation.

Only car loan fixed, but interest is higher to cover for uncertainty, and just couple years.
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