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 Housing loan is scary

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Duckies
post Oct 10 2023, 09:31 AM

Rubber Ducky
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From: Rubber Duck Pond


QUOTE(sheahann @ Oct 10 2023, 09:31 AM)
if flexi loan. park all ur extra money inside
*
Want to ask ya if I put more money inside...it only reduces the loan duration right? Not the loan amount monthly right?
Duckies
post Oct 10 2023, 09:36 AM

Rubber Ducky
*******
Senior Member
9,796 posts

Joined: Jun 2008
From: Rubber Duck Pond


QUOTE(desmond2020 @ Oct 10 2023, 09:33 AM)
it reduce the interest you need to pay for each month. in other word, your instalment contribute more toward principal amount
*
But the monthly amount dont change right?

 

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