Well done lovely potato.

Yeah just for the sake of reduce interest won't need to susah go counter just transfer into the loan account will do.

For online payment u won't be able to choose code, that likely to perform at counter?

semi Flexi account can make online.

code 668 is principal payment

660 is over counter.

Hi, I made payment over the counter to reduce principal. The code is 660 with description Special Payment.

This is considered as principal payment too, right?

1. my instalment amt is still as per the contract, but the recent opr has reflected, and my ijarah rate (interest rate) also adjusted. Not sure why my monthly amount still hasn’t adjusted. did a sense check at loan calculator should have been more.

Hi all, thanks for the reply..

An update on this, i went to Public bank and settled this:

1. bring cheque book to Sunway branch, inform receptionist that i want to make repayment on housing loan principal amount

2. receptionist told me to go first floor (i supposed is loan department). I go up, told them the same intention. The officer gave me a form to fill up my loan account number and amount to be paid.

3. The officer took the form to check and then sign on it. Pls take note the officer indicated "for repayment of loan principal" on the form.

4. On the cheque, Payee just need to write the loan account owner's name. Indicate loan account number behind the cheque.

5. with the signed form and cheque, go back to branch counter and wait for ur number to be called up. Pass the form and cheque and they will provide a receipt for it.

Hope this explains to all existing and future public bank loan customers. XD

A bit different with my previous loan with ocbc that i can just deposit the cheque at the machine or even make advance payment online.

So after the payment is done , you ll see the latest outstanding principal amount still owed to bank ??

semi Flexi account can make online.

code 668 is principal payment

660 is over counter.

how to do it online?

i dont see the option to choose code?

U can't choose one , for example Ur monthly 2,000

You just pay 10,000

8,000 auto goes into principal

but it should be treated as advanced payment by default right

By default one month payment as advance (loan >100K) with redraw feature

If loan less than 100K, no redraw feature, all payments considered as advance

so i tried to pay extra (eg. 2.8k loan paid 3k)
2.8k payment code is 614 and extra 200 is 668 which mean it went into reducing principal rather than advance payment?

just newbie question lets say currently i serving progressive interest and month end 30th auto debit installment from my savings account. But found out my total loan amount keep incurring fews hundrad bucks evry week questions is this consider interest charge from bank?