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.

Impossible unless got prawn behind rock.

Even average 8% interest rate for this loan pun won't need to pay so much.

Takkan you expect them to cough up hundreds of thousands at risk of you not paying, only to earn peanuts when you sell?

Islamic loan? I was told Islamic loan displays different amount of balance compared to conventional but not sure how much difference.

While we're at it, why not ask to increase our employer EPF contribution to 50% too?

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.

I was told by the loan officer that Islamic loan is not the same as conventional... "it may be difficult for laymen to understand". You should call the bank to check your outstanding amount.

IMO, you lose money by taking out from ASB to pay more downpayment if ASB gives you higher interest rate compared to home loan - especially for gomen staff kan? You only gain from potentially lower MRTT premium.

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.

They use fama's money?

Idk, you tell me since you gave the impression as if people don't use own money and name to buy RM2m houses.

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.

Those doctors and proffessionals, takkan all of them buy using company money? I wonder how you come to the conclusion people don't use own money and name to buy RM2mln properties. It's not that expensive for these people.

What's your outstanding loan amount?

Ceh.. that means not 100% offset lo.

Try putting in another RM10 and see whether the loan is automatically settled or not lo.

Borrow 400k, va 500k. You pay less monthly installments for 400k loan.
You forgot to add the interest you will gain if you invest this installment difference every month by putting inside epf.

Is there any cap or limit on interest deduction?

My take:
Depends on your age - epf gives higher interest but money will be locked. Excess pymt to loan may still be available to you if you suddenly need the cash.

You mean installment amount, right?

That is a double-edged sword. Same installment amount when you dump more money means your interest accrued at the end of the loan tenure is less kot.