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.

I got public bank loan account as well. Online transfer will do just fine, just that if via this way then will be better to continue pay on monthly basis just to avoid any late fee incurred to ur account.

The interest is calculated base on total balance owing, so every month when it generate interest it will top up into your balance owing, then subsequent interest billing will based on the total owing from principle + interest. Bank generate interest on interest as well, no matter how u will being charge with same amount of interest.

Unless u need extra service such like auto repay into future repayment without incur late payment penalty or recalculate the future repayment amount then you probably require to walk in to the counter.