Has your loan been fully disbursed?

The house I bought is still under construction and the loan is only partially disbursed so the bank told me that I can't pay the principal amount. Have to wait until the OP is issued, who knows how long it will take.

Sorry for the spam. I called my PBB branch credit dept to check. The person says that any extra payment have 3 place to go in loan account.

One will go into redraw amount will reduce interest, one will go into prepayment, and one will go into actual loan payment.

Any lump sum will go into redraw amount (you can check on PBB website), which will reduce your interest.

Monthly interest is charged based on the outstanding balances you see on your app, which is your (total outstanding principal minus redraw amount) * interest rate /365 * number of days of the month.

Prepayment amount will make your next payment date move further. As long as your next payment date is not too far and the amount in available redraw amount is adding up then you should be fine.

Additional info: transaction type code 614 is to pay your installment, 668 is redraw amount, 999 is transaction, unfortunately I don’t have any sample for prepayment code.