Dec 8 2021, 05:30 PM
QUOTE(cfa28 @ Dec 8 2021, 08:59 AM)
Simple answers is No
You are having a public bank so called semi flexible loan whereby any principal repayment must be made over the counter and you must inform the clerk that you are making principal repayment.
Else it's just credited as advanced payment and sits there and does not reduce the the interest amount
After making the payment check your slip to make sure its stated as principal repayment
Ex public bank customer
this. I'm also a public bank semi flexi loanee. You are having a public bank so called semi flexible loan whereby any principal repayment must be made over the counter and you must inform the clerk that you are making principal repayment.
Else it's just credited as advanced payment and sits there and does not reduce the the interest amount
After making the payment check your slip to make sure its stated as principal repayment
Ex public bank customer
its quite troublesome until we don't bother overpay.
but then again, we have other loan that is fully flexi, so we dump more into this.
This post has been edited by cempedaklife: Dec 8 2021, 05:31 PM
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