Oct 10 2023, 09:50 AM
QUOTE(jojolicia @ Oct 10 2023, 09:45 AM)
This.
Sorry bro, do excuse my itchy hand for clarity to your statement.
<it reduce the interest you need to pay for each month. in other word, your instalment contribute more toward principal reduction>
it just means you can settle loan faster if you keep that money park there. Sorry bro, do excuse my itchy hand for clarity to your statement.
<it reduce the interest you need to pay for each month. in other word, your instalment contribute more toward principal reduction>
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.
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