Untung keje gomen

Then stay in jungle build own hut

i think u got it wrong,.. 78k is paying back the capital,.. not interest,.. 30k is the interest,..

if u fully settle your loan today,.. then

flat rate interest = (30k/108k) / 6 years = 4.6%

very near current market what ??

But tanah status pertanian right

If you sell the house also under status pertanian? Not legit for residential development

Wow, you played the bank nicely and they don't like being beaten at their own game

you're wrong. in the early years your installment paid mostly is just for the interest and very little capital paid.

my loan 452k including MLTA (21k, full refund upon early settlement), now condo still under construction, so got progressive interest.

already start paying full loan amount since March, the first month of interest. 1.8k principal, 200-250 interest every month. hnggg, still got another 3 years until the construction is done, dont know how much interest will be save till then, but quite a lot. ady repaid 14175.23 of my principal

30% for most bank

yup, i think is islamic....
i ask the banker,
the banker say no need to see the amount, just pay nia...
it will reduce at the end.....
but pay 7 years already,
the amount still same....

You remind me my 3rd landed house loan
House Price: rm430k
Downpayment : Rm130k ( Big hole on my ASB)
Loan + MRTT : 311k
Tenure :11 years...yess i make 11 years loan!! starting april 2017
Monthy Rm2700-RM29++ (depend on BLR) best year during covid...reject moratorium since iam gov staff gaji tetap jalan
Today outstanding: 181k
Total bank makan for 11 years loan estimate: RM98k , yeah got pro and cons when high downpayment, shorter time but kill my itik telur emas ASB..

nobody ask you to pay the exact amount every month. if you can afford to hisap rokok , minum starbucks, makan hotpot every month, then that should be part of the principal.

i paid off my 250k loan in 6 years. i have another 760k loan left 180k after 10 years of servicing it. probably 3 more years can kaotim.

Depends... PBB limits to 70% of current account balance - whatever amount you have in the current account, 30% of it will goyang telur.

HLB is 70% of outstanding loan balance.

Kudos.
Try to do the progressive drawdown disbursed prepayment by the bank to developer, bro. Mininum past stage 2b&2c or further if cashflow permitted.

You will see the saving and principal reduction over the time horizon come VP 36/48mths later

Bro can you explain what you mean by the 70% limit? I have a PBB housing loan (Islamic) and I’m planning to put a big bunch of cash from FD in there. Are you saying they only accept max of 70% outstanding loan amount paid in advance?

But tanah status pertanian right

If you sell the house also under status pertanian? Not legit for residential development

meaning your flexi loan can only offset interest up to 70% of the principal amount, if loan 100k, your flexi acc got 100k. they can still charge interest on 30k of the loan. it will never be 0%

compound interest is the 8th greatest wonder of the world