what banker told me is

Full Flexi
- can withdraw money from Loan Account anytime without charge
- no withdraw limit
- one time charge per year

Semi Flexi
- charge RM50 per withdrawal from Loan Account (think this is HLB, but the amount varies according to bank, but all bank charge per withdrawal)

Mind telling us which bank offered you full flexi? Why u chose semi when got full flexi?

ambank/affin/hlb/pbb

all also got full flexi and semi flexi, but dont have Basic Term Loan

cause i dont need Full Flexi? buta kena charge one time per year for the money i dont need to withdraw from Loan Account

Full Flexi is target to business ppl, not for makan gaji ppl

mine is full flexi then.
only cons is got fees on current account.

Was it RM10/mth for the current account tied to the full flexi loan account? I think it's well worth it if we truly utilize the flexibility and repay more (and save lots of interest than mere RM10/mth).

Actually you cannot withdraw from loan account
Full flexi loans has 2 accounts - current and loan. When you want to "put" more money to reduce your principle, you put that money into your current acct. The money you can withdraw is from this acct not the loan acct. No limits is the number of times you withdraw, not the amount. Withdrawer amount limit is the amount you have in this current acct.
Fees can be monthly or annually depending on the bank.

I think full flexi is worth it, they charge u rm10/mth but you can deposit/withdraw from the Current Account just like any regular account.

U just need like rm4k inside to "offset" the monthly rm10, if my calculation is correct hahaha

Yes, that's my rationale also. But last time the other bank officer that didn't offer full/semi flexi laughed at my reasoning, he thought he very pandai

This post has been edited by iGamer: Feb 17 2022, 01:02 PM

depends on bank actually...
i only knows about HLB cause i take Loan from HLB
and they charge yearly

Basic Term Loan
Is this still offered nowadays? Anyway i think the other 2 loan types are better

Semi Flex Loan
withdraw fee typically rm50
For rental, can only utilize whatever interest charged (when u have cash in acc the int charged will be lower) for tax reduction purpose compared to full flex

Full Flex Loan
Generally slightly higher interest than semi flex
No charges when withdrawing
typically charge rm10 per month for account maintenance
Can only utilize 70% of loan for interest reduction purpose, check with bank if there is this condition. ie will still get charged on 30% even if you put in 90%.
For rental income can utilize the whole loan amount interest charged (irrespective of amount of cash is in acc) to offset for tax purpose.


So here is my opinion.
If you have lots of cash and you want to put in more than 70% of loan, go for semi flex
If you use a lot of transactions, go for full flex.
Rental purpose, go for full flex.

Do an excel simulation if you are not sure which is better.

This post has been edited by mouldybread: Feb 17 2022, 12:19 PM

that gap is quite huge, thanks for sharing btw

its ambank

Seems like nowadays full flexi is not what it used to be, my dinosaur full flexi can offset 100% principal, no question asked.

Not sure. mine own experience is OCBC and PBB also need

we memang cukur. hosuing loan rate so low. not that bad after all.

My full flexi from Pbb can offset 100%.

Yes I had that loan too some time back where 100% can utilise to offset interest.
That’s why it’s better to ask the bank on the existence of this condition for new full flex loans as some banks have adopted it.

any safety feature for such current account to prevent hacker/scammer from accessing?

like can only go to counter to withdraw

or can even withdraw through ATM?

or can hacker access through online banking to withdraw?

mine is different

in 2020 I took up a home loan with RHB.
I also need to open a savings account

when I have excess money in the savings I make a principle prepayment to the loan account
this reduces the interest the bank charges on the home loan
any amount paid to principle prepayment is shown as redrawable

I can also transfer money from redrawable back into the savings
then I can withdraw it or transfer it to another bank
RHB does not charge me fees

I can do all the transactions online.
No need to goto any counter.

This post has been edited by CoffeeDude: Feb 17 2022, 02:50 PM

Its an ordinary current acct. You dont have to apply for ATM card or online banking. That way the only way to withdraw or pay somebody is by cheque or a withdrawal slip over the counter