Hi, I'm currently applying for home loans and am wondering which would be the best option.
3% flexi loan
Or
3.15 term loan?
This post has been edited by deleted: Nov 10 2021, 06:57 PM
3.15 fixed term or 3% flexi?, Which loan is better?
|
|
 Nov 10 2021, 06:22 PM, updated 5y ago
Return to original view | IPv6 | Post
#1
|
 
Senior Member
671 posts Joined: Aug 2006 From: Cheras 
|
|
Quote|
|
|
|
|
Nov 10 2021, 06:51 PM
Return to original view | IPv6 | Post
#2
|
|
Senior Member
671 posts Joined: Aug 2006 From: Cheras
|
QUOTE(baby_4ever @ Nov 10 2021, 06:34 PM) Flexi Why ah? You don't expect market to rebound in the coming years pushing up interest? |
|
|
Nov 10 2021, 06:58 PM
Return to original view | IPv6 | Post
#3
|
|
Senior Member
671 posts Joined: Aug 2006 From: Cheras
|
QUOTE(baby_4ever @ Nov 10 2021, 06:53 PM) No such thing as fixed. They will take more from you. OPR move interest repayment will move. It's not common but term loans do exist no?Flexi means you pump more cash and settle it earlier and let interest float / readjust accordingly. And under term loans repayment is the same for the entire period? |
|
|
Nov 11 2021, 10:02 AM
Return to original view | Post
#4
|
|
Senior Member
671 posts Joined: Aug 2006 From: Cheras
|
Ah ok clarified with the agent.
The term loan is not fixed interest as i previously understood. Thanks sifus. |
|
Topic ClosedOptions
|
| Change to: |  0.0144sec
 0.52
 6 queries
 GZIP Disabled
Time is now: 5th December 2025 - 02:31 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.