Be like me.. every 100k disbursement during building. Pay up 90k. Let bank earn only the 10k principal interest. Then after collect key interest very low only

Kebodohan TS terselar

it just means you can settle loan faster if you keep that money park there.

I baru angkat a 530K loan, same deal RM2.5K/month. I plan to park lots of cash inside to reduce it. I think after few years i sekaligus settle.

the first half tenure of loan is mainly to pay the interest. after that only you'll start to see the principal amount reducing fast

High? Try taking a 30-year car loan for that 300k Merc and see how much interest you will pay.

You are the one who is sohigh.

Based on TS numbers, it seems like 36 year loan @ ~3.9% interest. Interest is always highest at earliest point of loan. At full repayment, one would have paid $306k in interest.

In order to reduce interest payable, consider take up shorter loan duration (max 15 years), higher repayment amount and/or lower loan quantum.

Otherwise, bank say thank you for working for bank.

This guy really dunno how to use brain and see the calculation.
Dun tell ang mo you are asian mempersiasuikan

Correct. Many don't buy my suggestion in playing the 'zeroried' game specially if you are buying U/C. More so in highrise, one has 48 months to strategies and pan this out. Some said its a no brainer opportunity cost lost wor.

Even you don't get the net 0 by VP, it will be a milestone to achieve, say 30-50% total principal sum owing is good enough to collect your new keys

Believe me, the 'zeroried' leveraging game is very addictive (if you tasted the drug). In no time, you will be on your next leverage.

This post has been edited by jojolicia: Oct 10 2023, 10:09 AM

TS like my friend, said paid more than 10 years for housing loan, last few year go check principle only reduce less than 50k. Then kpkb.
Ask him pay more monthly, he keep quiet.

The best part is monthly TNB bill more than the housing loan

Got kids, 1 breeding dog, outside eat dont really care the price.
YOLO more important

apa lanjiao TNB bill more than housing loan

Unker also count unker House loan...
Loan 300, after finish 30 year...
Pay around 1 million....
Don't know how...

Duplicate...

This post has been edited by moiskyrie: Oct 10 2023, 10:09 AM

if the loan interest is less than epf interest, better park in epf.

kena cekik darah ke or kena forced signature?
walaupun hidup berpuluh tahun kalo ...

press X

kena scam on rates? typically its double only. loan 300k, pay around 600k

The banks are very sneaky. You pay more interest than principal the first 1/3 of the loan duration and then slowly reduce. That's why first 10 years your principal don't reduce much.

They know majority investors will sell off property within this period so they already earn enough from your interest. That's how banks are legal loan sharks.

Do you know how long bank need to wait to complete for yours to pay your loan?

BNM is play safe. US already stop interest hike and aiming for reduce interest rate next year. While Malaysia remains as pre-covid era at 3% OPR.

If interest naik also maybe max to 4%