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 RHB MY1 Full Flexi Home Loan

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TSkjlim1982
post Dec 21 2022, 11:09 AM, updated 3y ago

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I am taking loan as RHB MY1 Full Flexi Home Loan, the amount is around 200k, at the start the monthly installment is around 1k.
Along this few years, I am working and saving very hard to pay the principal and make it out standing to 100k, then I got recalculate installment become RM500.
But recently, RHB bank want me pay back installment amount 1k. Anyone has this problem also? mad.gif
TSkjlim1982
post Dec 21 2022, 12:01 PM

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QUOTE(searcher1106 @ Dec 21 2022, 11:27 AM)
I thought the installment amount will remain the same throughout the loan period. However, the interest that you are paying will be much lesser as compared to before, hence more amounts will be offset against your principal (say interest 400, principal 600)?
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The interest charge they said is based on the out standing principal, but inside the system they say I still need to pay that amount for 20+ years, so the total I will paying is 5000% of what I outstanding loan.

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