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Housing loan is scary
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koja6049
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 Oct 10 2023, 03:00 PM
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QUOTE(mushigen @ Oct 10 2023, 02:51 PM) This is what I know about full flexi PBB and HLB loans based on my experience. Full flexi loans have loan account and another current account opened to facilitate payment. HLB: let's say loan balance is RM100k. If you put in RM80k in this current acc, only RM70k will be used to offset the interest in the loan. PBB: loan balance is RM100k. If you put RM80k in the current account, only RM80k*70% will be used to offset the interest in the loan. For semi-flexi conventional loan, PBB allows 100% offset if you pay a lump sump (but not sure how to do it, either at counter or online), the catch is you cannot or it's very difficult if at all to draw out this extra payment. For Islamic loan, I have no idea bro. maybank is the best then, can offset 100%  |
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koja6049
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Oct 10 2023, 03:05 PM
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QUOTE(mushigen @ Oct 10 2023, 03:04 PM) You cannot offset 100%. Will auto close account wei. The last time I asked, Maybank full flexi comes with compulsory overdraft facility. You don''t use put kena pay some fee (can't remember what it's called). The semi flexi is easier compared to PBB in terms of withdrawing excess payment when you need it iirc. my account never closed. put 300k in, 300k interest less. That's 100%  |
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koja6049
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Oct 10 2023, 03:11 PM
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QUOTE(mushigen @ Oct 10 2023, 03:07 PM) What's your outstanding loan amount? 300,010. left rm10 there to enjoy free overdraft facility  |
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koja6049
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Oct 10 2023, 03:14 PM
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QUOTE(prdkancil @ Oct 10 2023, 03:13 PM) So thy will jz deduct from the 300k for monthly repayment and no loan interest charge coz u loan nth? yup slowly deduct. The rm10 will still generate tiny outstanding interest though |
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koja6049
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Oct 10 2023, 03:15 PM
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QUOTE(mushigen @ Oct 10 2023, 03:13 PM) Ceh.. that means not 100% offset lo. ok, 99.999999% if you want to be precise |
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koja6049
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Oct 10 2023, 04:15 PM
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QUOTE(mushigen @ Oct 10 2023, 03:19 PM) Try putting in another RM10 and see whether the loan is automatically settled or not lo. what for? It is 10000 times better than your pbb or hlb, cannot even over 70% |
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koja6049
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Oct 10 2023, 04:18 PM
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QUOTE(prdkancil @ Oct 10 2023, 03:18 PM) Haha okok so the loan interest only charge on the remaining RM10 till u decide to make it as fully paid . Withdraw 1 time fees is like RM25? yes rm25 to withdraw. pretty cheap imo to access money when you really need it |
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koja6049
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Oct 10 2023, 05:40 PM
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QUOTE(sihamsedap @ Oct 10 2023, 05:21 PM) how to pay principal if u have flexi loan account i use cimb online the cibai sotong dun let me pay, macam need to raise instructions over the counter why do you want to pay principal if you have a flexi account? Defeats the whole purpose of a flexi account. You might as well get the non-flexi with lower interest rates |
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koja6049
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Oct 10 2023, 07:57 PM
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QUOTE(submergedx @ Oct 10 2023, 07:45 PM) Hijack terek a bit. How does Shoplot profit in property investment? Via rental collect until 20,30years to finish the loan? Shoplot are meant to do business hence many people only rent shoplot, is there secondary market for Shoplot? if no, how does shoplot profit? plenty of secondary market for shoplot and industrial property, but not for ikan bilis. transactions in terms of millions. I have an aunt who was ex-vp of citibank has lots of ammo in buying and selling (because of her income bracket, she can get loans in the millions) |
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