House Loan - 20 years vs 30 years
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 Jan 20 2023, 08:52 AM
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#1
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All Stars
14,511 posts Joined: Sep 2017 
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If borrower wants a safer net, go for max tenure. However, is good if borrower can make some partial capital repayments throughout the tenure.
Anyway, majority borrowers seldom complete the loan tenure, whether 20 or 30 years. |
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Jan 20 2023, 06:19 PM
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#2
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All Stars
14,511 posts Joined: Sep 2017
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QUOTE(milipem @ Jan 20 2023, 09:02 AM) thank you for the reply Islamic loan dont have full flexi. The semi flexi capital repayment is cap at 30% of loan sum.what about the poster above that mentioned islamic loan being different than conventional? in that case, would the duration of tenure be of importance? since early repayment may have different result? or islamic-based js basically just the same as conventional, only different in name?  There is also a cap for interest rate and early settlement charges for lock-in period. |
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Jan 20 2023, 09:20 PM
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#3
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All Stars
14,511 posts Joined: Sep 2017
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QUOTE(milipem @ Jan 20 2023, 07:49 PM) so sorry i don't get the bolded part. what does the bolded statement mean? can give an example please? Any repayment amount exceeded 30% of original loan sum will be taken as advance instalment. |
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