Loan 90% or less. Max tenure or less ?
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 Mar 29 2022, 04:00 PM
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#1
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Senior Member
9,333 posts Joined: May 2009 
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Max period max loan, for flexibility and the interest rate is low. Also get a flexi loan so you can pay off the principal. My current house I took 30 years, now 5th year and I only left 20% of the principal to pay off.. This post has been edited by MeToo: Mar 29 2022, 04:01 PM OptimusStar liked this post
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Mar 29 2022, 04:13 PM
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#2
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Senior Member
9,333 posts Joined: May 2009
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QUOTE(Justice League @ Mar 29 2022, 04:06 PM) So what you did is u paid more than the monthly installment. Which you requested to bank to pay it off directly to the principle everytime ? Use online banking, dont even need to tell the bank, just click on "Pay Principal" and you pay whenever you want. There's another way which i heard is to park the money into the current account, but its not directly used to pay off the principle, it served as purpose to knock of the daily interest calculation from the principle. But incase there,s emergency to use the money, it can still be withdrawn. am i rite ?  Flexi loan also means if you have an emergency, just write ot the bank and you can take out whatever extra you paid into the principal. Very very popular with business owners who will use the money to roll... |
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